Knock

Knock offers the Knock Bridge Loan, a single-payment bridge loan that lets homeowners use the equity in their current home to purchase their next home before selling. The loan charges 0% interest for 6 months and is repaid in one payment when the old home sells. If the home has not sold after 6 months, Knock buys it at a pre-agreed price. The product is designed to remove the need for a sale contingency on an offer and to cover expenses such as the down payment, repairs, and moving.

Costs include a bridge loan fee, a separate Knock Purchase Offer fee for a non-contingent offer, third-party closing costs, and carrying costs on the old home. Both fees can be deducted from loan proceeds. Knock works with real estate agents and lenders, and the loan is intended to sit alongside a new mortgage.

The product is aimed at qualified homeowners buying before they sell, as well as agents and lenders involved in the transaction. The pages do not describe a free plan, trial, or seat-based packaging.