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)"
As CEO and co-founder of Divvy Homes, I have the pleasure of announcing our new Early Option Price. Our Early Option Price allows you to buy back the home for a lower price if you close on the home before the 18th month of your lease. The Early Option Price price is not yet posted on our …
