Buying a home, particularly for Millennials, is a complicated and expensive process – at times it can be complicated and expensive enough to discourage potential buyers from even trying.
Enter Divvy, one of the many Silicon Valley startups working to change the way people buy homes. The company is specifically interested in providing alternative financing options for prospective homebuyers who don't qualify for traditional mortgages.
Divvy accomplishes this by purchasing homes outright and allowing customers to pay the company back through monthly installments — 25% of the total goes toward building equity and 75% goes toward paying "rent."
See the rest of the story at Business Insider
See Also:
- WeWork is grappling with a fresh setback after the pandemic emptied offices. Here's the latest on job cuts and executive departures.
- WeWork is ditching a major Manhattan office lease, and it's the first big step in a turnaround that's put its entire real-estate portfolio under review
- Accenture backtracked on cutting its real-estate footprint — and now it's warning companies about ditching offices and going all-remote
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