San Francisco-based digital home renovation marketplace Hover partnered with financing platform Mosaic, according to a news release. The partnership will give contractors the ability to offer customers access to financing for home remodeling projects directly through the Hover platform, according to the company.
Access to Mosaic is integrated into the HOVER platform, creating a one-stop-shop for homeowners and contractors to create a 3D property model, get accurate measurements and estimates, visualize the home exterior enhancements, and finance the cost of the final project.
With this integration, HOVER extends contractors the benefit of instant pre-qualification decisions through a soft credit check and a seamless, paperless process on the Mosaic platform. Homeowners will see the pricing options that they qualify for without causing negative impacts on the homeowners' credit score.
With financing options, homeowners now have more flexibility to not only make necessary home improvements, but also aesthetic ones. In fact, 76% of consumers are more likely to make a purchase if a seamless and simple payment plan is offered.
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