Partnership will save Knox clients $1,000 on closing costs on investment properties financed through Better Mortgage
BOSTON and NEW YORK, September 20, 2021 — Knox Financial, the fintech company for property investors, and Better, a fully digital homeownership platform, offering mortgage, real estate, title, and homeowners insurance products, today announced a partnership to help people save time and money on financing their investment properties.
“People who want to refinance a home they’re moving out of to afford the down payment on the next one, or take out a mortgage to purchase an investment property, are often faced with an incredibly time-consuming and frustrating process,” said David Friedman, CEO of Knox Financial. “Our partnership with Better will give our clients access to a digital-first lender that can instantly provide them with financing options to help their investments perform.”
Knox clients can save $1,000 on closing costs when they secure a mortgage for a new investment property or refinance an existing property through Better Mortgage.
“Better was founded on the belief that, through making the process of purchasing and financing homes simpler, faster and more accessible, we could help millions of aspiring homeowners build wealth through homeownership,” said Joey Staniford, Head of Financial Services Partnerships at Better. “Together with Knox, our team looks forward to helping people start, and grow, their investment property portfolios.”
Staniford explained that when a Knox client applies for a mortgage through Better Mortgage, they will receive access to the company’s market-leading mortgage application process that features:
- Fast Pre-Approval: Better can pre-approve mortgages in as little as three minutes, and lock in a mortgage rate in as little as 15 minutes.
- Zero Commissions and Zero Fees: Knox clients will receive the financial benefits of Better’s zero commissions and fees for application, origination, processing, or underwriting.
- Close Faster: Better closes up to 10 days faster than the industry average.
- Highly-Competitive Rates: Better offers a wide range of home loan options at highly competitive rates
- 24/7 Support: Better’s dedicated team of home loan experts are available 24/7.
Knox Financial was named one of the 2021 HousingWire Tech100 for, “creating technology solutions that make owning investment property as simple as owning a share of stock,” delivering an experience for investment property owners that’s akin to working with a financial advisor. The Knox Frictionless Ownership® Platform ensures investment properties achieve their highest performance, and allows owners to be completely passive investors.
To learn more about the Knox and Better partnership, visit www.knoxfinancial.com/better-mortgage.
About Knox Financial: Knox is the first financial institution for property investors. Built on a foundation of data and automation, the Knox Frictionless Ownership® Platform optimizes cash flow and wealth creation through investment property. Knox currently operates in 6 states and is expanding rapidly across the US. To learn more, visit knoxfinancial.com.
About Better: Founded in 2016, Better is a digital-first homeownership company whose services included mortgage, real estate, title, and homeowners insurance. From its founding in 2016 through 2020, Better funded $30.9B in home loans and provided over $7B in cumulative coverage through Better Cover and Better Settlement Services, the insurance divisions of Better. Better has raised over $400M in equity capital since inception. The company was ranked #15 on CNBC’s Disruptor 50 2020 list, as well as being listed to Forbes FinTech 50 for 2020. For more information, follow @betterdotcom.