Student loans have become a core part of many Americans’ financial lives. In 2019, the amount of student debt in America has surpassed the amount of credit card debt and auto loans combined. With over 70% of all students utilizing student debt to finance their education and with borrowers owing a cumulative 1.5 trillion dollars, …
The real estate technology industry has experienced two strong "waves" of innovation over the past decade. Each wave encompassed approximately 5 years of development, and we are currently in the middle of an exciting third wave of progress. Wave 1 brought what we like to call "power to the buyer." Wave 2 built upon that …
Continue reading "Real Estate 3.0: How a Decade of Technology Has Empowered Consumers"
During my time at Divvy, I’ve been exposed to the growing and evolving FinTech sphere. While the field covers a wide range of applications and industries, the one thing that is common across companies is the importance of financial information. A central foundation to this is some sort of ledger that allows for the consistent …
Continue reading "Building Your Own Ledger System: Pointers and Pitfalls"
Part 2: How Exactly Does a Mortgage Work In our previous post, we provided an overview of the basic concept of a mortgage and defined key terms often associated with the home buying process. Now we will take an even deeper dive into the mechanics of a mortgage and how it compares to the Divvy …
Continue reading "Mortgages 101: What is a Mortgage and How Does it Work (Part II)"
Part I: Introduction to Mortgages and Decoding the Jargon At Divvy, we believe that homeownership isn’t something you have to achieve in one mammoth step. Instead, we consider it a goal to build towards brick by brick, and we’re committed to helping you gain the necessary knowledge to get there. To reach the goal of …
Continue reading "Mortgages 101: What is a Mortgage and How Does it Work (Part I)"
