Renters with Dwello will soon be able to become homeowners

A new collaboration between us and 8Twelve Financial Technologies Inc. (8Twelve) could turn your dream of homeownership into a reality. Dwello entered into an agreement with 8Twelve to provide mortgage solutions to the platform’s users. Dwello is a payment platform that helps Canadian renters build their credit scores just by paying rent. By integrating into 8Twelve’s proprietary INFIN8 platform, Dwello customers will be notified when they qualify for a mortgage from 8Twelve, thus, paving the way for the realization of your abode aspirations. 

This blog will explain to you how this new collab will benefit renters and make the home-buying process more streamlined.   

The process of owning your dream house through Dwello   

When you pay rent with Dwello, it gets reported to Equifax, one of the major credit bureaus serving in Canada. Consequently, this will help tenants establish a stronger credit history. Not only does it benefit renters, but also helps property owners get paid on time. And now, with the help of 8Twelve, renters will be now one step closer to achieving their dream of homeownership.    

Dwello Integration: A seamless process   

Clearly, 8Twelve’s INFIN8 platform is a game changer. By integrating this technology, Dwello customers will be notified the moment they qualify for a mortgage from 8Twelve. The INIFIN8 software utilizes cutting-edge technologies such as real-time analytics, AI, and workflow automation to identify the best possible mortgage options from Canada’s largest marketplace of banks, bank alternatives, and private mortgage products.    

That’s not all — 8Twelve is additionally committed to demystifying homeownership, educating you and keeping you well-informed about the process. And, most importantly, we build financial solutions to suit your every need.  

What’s more, one of the exclusive products they offer is a co-equity down-payment program. This type of program allows the user to purchase a home with a smaller down payment by partnering with a co-equity partner. Eventually, in exchange for reducing the overall cost of the home, this partner will have shares in the equity of the home. This is a complete revolution in the home financing industry. 

Hear it from the expert  

Certainly, initiatives like Dwello have benefited hard-working Canadians who may have otherwise been disadvantaged in the system.”  On the impact of this agreement, Jason Baibokas, CFO of 8Twelve, says: “Innovation is moving at a very rapid pace in the real estate and mortgage industries.” 

Baibokas adds: “Until very recently, solutions such as these did not exist for renters and home buyers. People were left to their own devices to figure out how to migrate themselves from being a renter to being a homeowner.”  

Unlock the door to Homeownership   

Finally, this joint effort between 8Twelve and Dwello is making homeownership a more accessible and achievable goal for renters. By using the technology and resources provided by 8Twelve, renters can have access to the best possible mortgage options now. We look forward to providing renters with the tools and resources to make their homeownership dreams a reality. Without delay, don’t miss out on this opportunity: sign up on Dwello and start unlocking benefits as you pay your rent on time and build your credit score.