Benefits of Using Knock Home Swap

Are you ready to upgrade from your starter house to your dream home? perhaps you've come across your dream career that can make it impossible to pass up on? not sure how to buy a new home while paying a mortgage on your current house? Selling your home and possibly ending up in a situation where buying a new house has become more complicated than you once expected.

It's easy to see why homeowners would shy away from such uncertainty around the entire situation. Luckily, there is light at the end of the tunnel that can make the buying and selling process a breeze, the best part about it is unnecessary to sell your home before buying a new one.

Knock.com is a lender that is helping homeowners buy new homes while selling their current property. Also known as the Knock Home Swap program and available in limited cities throughout the United States. Knock offers two types of financing options based on the needs of the homeowner.

1.   Approved to buy a new home before the old one is sold.

2.   A bridge loan to cover down payment and overlapping mortgage costs.

Knock Home Swap makes coordinating your home sale and purchase much less of a hassle — but you'll still need a great real estate agent to help you find your dream home, attract buyers to your listing, and get the best possible deals on both transactions.

While Knock Home Swap has simplified to buying and selling process, you'll still need an awesome Knock Certified Agent on your team to help you throughout the entire process.

How does the process work? Here are the steps:

• Easy Online Application. Knock makes it extremely simple to apply online and it takes around four days to find out if you're eligible. After determining your pre-approval status, you'll get an offer that covers the cost of your old house and new home.

•       New home shopping. Knock covers the mortgage of your old home for up to 6 months. With the pre-approval status, you'll make a non-contingent offer on a new home that's quite competitive.

•     Old home preparation. Knock will work with your Real Estate Agent to get your home market-ready within 45 days providing you access to a list of trusted Contractors. By providing you with an interest-free loan of up to $25,000 and 45 days to complete.

•        Move into your new home before selling the old one. One of the many perks of using the Knock program as your lender is you can move into your new home before selling your old one. Which means you don't have to live there during the showing/selling process.

•        Easy sell and pay off. After your home sells, you'll pay back the bridge loan provided by Knock, the overlapping mortgage payment, and the Knock fees.

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