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Own Up is a marketplace that act as an intermediary between the borrower and the mortgage lender.
After you complete a brief questionnaire on their site, you’ll receive recommended lenders based on your borrower profile. You will also then be able to speak to a licensed mortgage expert who will review your home-buying needs and goals, answer any questions you might have, and help you shop for the right deal for you.
When you have an accepted offer, you’ll be able to compare lenders in their network and see mortgage offers in real-time. Own Up provides borrowers with personalized offers without a hard credit check and they don’t require you to share your social security information.
Own Up is suitable for anyone who is looking for a competitive mortgage rate and wants their questions answered about the mortgage process. However, it’s important to note that Own Up is not a lender. Own Up does not accept formal mortgage applications, originate loans, or make credit decisions.
Own Up is available in all states except HI, NV, NY., UT
While Own Up doesn’t directly offer financing, it will match you with lenders that do. This means you can find just about any type of home loan through Own Up, including a home purchase loan or refinance loan, fixed and adjustable-rate mortgages.
You can also find financing for different types of properties, including houses, condos, townhomes, or multi-unit properties. Additionally, Own Up can match you up with a variety of down payment options, including low to no down payment options for those who qualify for special loan programs such as FHA or VA loans.
Own Up’s application can be completed from the comfort of your home. Here’s what you’ll need to do to get matched with a lender:
Repayment terms vary from lender to lender. You can speak with your dedicated advisor to figure out what repayment term works for you.
Own Up offers 24/7 online chat support. You can also email the company directly at hello@ownup.com.
Whether you’re buying a new home or refinancing your existing mortgage, Own Up can help you achieve bigger savings. Own Up claims to save customers money by charging less than what the typical salesperson charges per home loan.
Own Up earns fees from its lenders, and all lenders pay the same fee. Own Up doesn’t directly charge its users (borrowers) anything. It handpicks reputable and financially secure mortgage companies and puts lenders through a rigorous screening process to find the top ones for its users.
Own Up is completely free to use.
All information transmitted to and from Own Up’s website is encrypted following the highest industry standards. Additionally, it doesn’t collect sensitive personal information, such as social security numbers or personal financial documents.
Own Up conducts a soft credit inquiry to check the rates and terms you qualify for. This check does NOT affect your credit score.
Own Up makes money by charging its lenders to connect them with users.
Own Up provides home shoppers with market data so that they know what they should be paying for their mortgage. In addition it provides shoppers with multiple lenders who compete with each other to offer better terms. Lastly, Own Up charges lenders a fee which is a fraction of what they pay their sales-people, so lenders can return the savings to the borrowers in the form of better loan terms.
50 Milk St
Boston, MA 02108
This review was compiled using information from Own Up’s website.
