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What is Knock?

Knock has launched a groundbreaking bridge loan that enables homeowners to secure their next property before completing the sale of their current home. This initiative allows individuals to access up to $500,000 in equity from their existing residence, which can be allocated for various needs like down payments, renovations, moving expenses, or debt consolidation. Notably, this loan is interest-free for a period of up to six months, offering borrowers added financial flexibility during their transition phase. By not factoring in the existing mortgage when calculating the new mortgage, buyers can make more appealing, non-contingent offers, significantly increasing their chances of success in competitive real estate markets. Furthermore, Knock provides up to $35,000 to assist with home preparations, ensuring that properties are optimally positioned for sale. In the event that the home does not sell within the six-month period, Knock guarantees a purchase offer, providing sellers with the assurance of a fixed sale price. The company collaborates closely with real estate agents and lenders to simplify the entire process, aiming to make the transition between homes as hassle-free as possible. This holistic strategy not only mitigates the anxiety associated with moving but also empowers homeowners to make informed and confident choices regarding their real estate endeavors, ultimately enhancing their overall experience in the housing market. Additionally, this innovative approach signifies a transformative shift in how homeowners can navigate the complexities of buying and selling properties simultaneously.

What is Cindrus?

Cindrus is an online resource designed for personal finance, aiming to assist individuals and families in understanding their home loans and financial circumstances more effectively. Users can document their mortgages and other loans while tracking their assets, gaining access to comprehensive details about interest rates, payment schedules, outstanding balances, and overall net worth, all consolidated in a single interface. The platform offers calculators tailored to specific markets for mortgage, refinancing, home equity, and affordability, taking into account local conditions across 17 countries, including pertinent taxes, fees, and assumptions. In regions where official rate data is available, premium subscriptions provide loan monitoring services and notifications for any changes in rates, though this feature's availability can vary by location. An in-app assistant named Cindra guides users through their financial data and the underlying assumptions of various calculations in a user-friendly manner, while intentionally avoiding the promotion of particular financial products. Users can choose from a free account option or select paid plans, with the platform prioritizing the delivery of financial information over personalized financial advice, ensuring that individuals have the necessary tools to take charge of their financial well-being. By empowering users with critical insights and resources, Cindrus helps them navigate their financial journeys more confidently. Additionally, the platform fosters a community of informed users who can share experiences and tips, further enhancing their financial literacy.

Media

Media

No images available

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

$0
A free plan is available. In the United States, paid plans start at $4.99/month (Basis, or $44.99/year); Plus is $7.99/month and Pro is $12.99/month. Paid plans include a 14-day free trial. Rate-monitoring features vary by market.
Free Version

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub
On-Site Training

Training Options

Documentation Hub

Company Facts

Organization Name

Knock

Date Founded

2015

Company Location

United States

Company Website

www.knock.com

Company Facts

Organization Name

Cindrus

Company Location

Denmark

Company Website

cindrus.com

Categories and Features

Real Estate

Not specified

Categories and Features

Personal Finance

Not specified

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