8Twelve’s proprietary INFIN8 utilizes real-time analytics, AI, and workflow automation to identify the best possible mortgage from Canada’s largest marketplace of bank, alternative, and private mortgage products.

“At Your Home Sold Guaranteed Realty, we invest in our agents more than any brokerage you will find,” said Todd Walters, CEO and Co-Founder. “Partnering with 8Twelve fits our model perfectly because we consistently equip our agents with differentiating tools that help them to build their business and dominate in the industry. This partnership ensures that YHSRG realtors have the best tool to secure financing for their deals.”

YHSGR is the only real estate brokerage in North America to be licensed by the US and Canada’s #1 real estate Coach Craig Proctor. The distinction brings with it exclusive access to Craig Proctor’s proprietary business teachings and systems for YHSGR agents; systems that have been proven to create more millionaire agents than any other real estate trainer or coach.

“With rising interest rates and tighter lending requirements, Canadians now more than ever need to know all their home financing options,” said Akber Abbas, President & Chief Information Officer of 8Twelve. “This agreement highlights the strength of our service offering in enabling large scale enterprises to deliver the best financing solutions to their clients.”

8Twelve is seeing increased interest and user success in its offering as companies are exploring more ways to help their clients. 8Twelve’s secure, smart technology is able to provide fast turnarounds and exceptional service levels to homebuyers as it strives to provide a mortgage solution for every borrower situation.

About Your Home Sold Guaranteed Realty
Your Home Sold Guaranteed Realty was founded with this vision: To Be the Best Place to Work, Buy, and Sell Real Estate! We are proud to be one of the fastest-growing real estate companies nationwide. If you’re looking to buy or sell a home, Your Home Sold Guaranteed Realty is there for you every step of the way. You can count on knowledgeable agents with PERFORMANCE GUARANTEES that are ready to handle every situation, giving you the peace of mind that you made the perfect choice in a Real Estate Agent and Company!

Understanding how an interest rate hike affects your mortgage is key to managing your finances responsibly and making sure you don’t get overwhelmed with payments. Let’s break down what you need to know.

How are Mortgage Rates Calculated?

Mortgage rates generally move in conjunction with the Bank of Canada’s overnight lending rate, which is determined by the Bank of Canada’s target rate and adjusted based on economic conditions. When the Bank raises or lowers its target rate, lenders adjust their prime rates accordingly (lenders can choose whether or not to pass on the full cost of the change to customers). This, in turn, affects variable mortgage rates across all lenders and products.

Dwello is on a mission of helping all Canadians get equitable access to credit. Renters can sign up for free to pay rent through Dwello’s payment platform. Their rent payments get reported to Equifax Inc. (EFX:NYSE), one of the major credit bureaus serving Canada. Over time, the on-time payments help build credit scores, thus unlocking favorable offers on credit products like loans, mortgages and credit cards.

This partnership will help Dwello renters eventually become owners. By integrating into 8Twelve’s proprietary INFIN8 platform, Dwello customers will be notified when they qualify for a mortgage from 8Twelve. INFIN8 utilizes real-time analytics, AI, and workflow automation to identify the best possible mortgage from Canada’s largest marketplace of bank, alternative, and private mortgage products. 8Twelve also has access to other products such as Co-Equity down payment programs to further facilitate home ownership.

“Rent reporting to the bureau has demonstrated success in assisting renters in improving and establishing their credit profiles. This has led to increased access to preferred lending products and favorable rates, as well as a broader range of rental properties. This initiative has benefited hard working Canadians who may have otherwise been disadvantaged in the system due to low credit scores or non-existent credit profiles” said Roy Moufawad, CEO of Dwello Ltd. “Dwello’s rent reporting system is beneficial for both renters in Canada and financial institutions by giving them visibility into the rental market. Additionally, landlords have found that using this platform to collect rent not only simplifies the process but also helps retain tenants.”

“Innovation is moving at a very rapid pace in the real estate and mortgage industries. 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.” said Jason Baibokas, CFO of 8Twelve. “The convergence of finance and technology has finally reached a point where an increasing number of tools are available to plan for and achieve home ownership. At 8Twelve we strive to integrate the best and most intelligent solutions in our mission to streamline the home financing process.”

About Dwello
Dwello is a payment technology platform that helps Canadian renters build their credit scores just by paying rent. Rent payments paid through Dwello get reported to Equifax to help renters establish a stronger credit history while helping property owners get paid on time. Learn more at dwello.com and follow us on Facebook @dwellopayments and on Twitter @dwellopayments.

RE/MAX Hallmark is the number one Real Estate brokerage within the RE/MAX network and completed over 29,000 real estate transactions last year, totalling over $19.4 billion dollars. 8Twelve streamlines the home financing process by providing their 1,800+ REALTORS® (and their clients) a one-stop tailored financing solution for all their mortgage needs. 8Twelve’s proprietary technology platform INFIN8 identifies the best possible mortgage solutions from Canada’s largest marketplace of bank, alternative, and private mortgage products.

Having the technology to connect, converse, and assess the financing needs of clients quickly and thoroughly is one of the pillars of success for 8Twelve. The Company’s secure, smart technology is able to provide fast turnarounds and exceptional service levels to homebuyers as it strives to provide a mortgage solution for every borrower situation.

“This agreement highlights the strength of our proprietary technology in delivering financing solutions to the customers of any large-scale enterprise,” said Akber Abbas, President & Chief Information Officer of 8Twelve. “With rising interest rates and tighter lending requirements, Canadians now more than ever need to know all their home financing options.”

8Twelve CEO, Gary Fooks, commented: “Both 8Twelve and RE/MAX Hallmark Group of Companies have long-established relationships within their networks respectively, and matching clients with the best mortgage solution products provided by over 65+ lenders, 7000+ products makes this partnership the unmistakable choice for all mortgage and real estate services.”

This partnership cements both companies’ goals to provide an enhanced customer experience while helping more Canadians reach their financial dream of homeownership.

About RE/MAX Hallmark
Founded in 1980, RE/MAX Hallmark is an innovative full-service residential real estate brokerage that leverages the latest technology to serve clients in emerging, established, and luxury neighborhoods in Ontario, Canada. Through our enduring efforts, we have fostered a strong brand to become the number one Real Estate brokerage within RE/MAX network in the world.

About 8Twelve Financial Technologies
8Twelve is transforming the home financing experience by providing consumers with one convenient platform to solve all their mortgage needs. Gone are the days of needing to search for a mortgage through multiple providers such as banks, mortgage brokers, and private lenders. Borrowers can now access Canada’s largest selection of mortgages in one convenient marketplace. 8Twelve’s proprietary cloud platform INFIN8 utilizes real-time analytics, AI, and workflow automation to identify the best possible financing solution in the Canadian market (from over 65 lenders and over 7000 mortgage products).

8Twelve streamlines the home financing process by providing its partners a one-stop financing solution for all their mortgage needs. 8Twelve’s proprietary technology platform INFIN8 identifies the best possible mortgage from Canada’s largest marketplace of bank, alternative, and private mortgage products. 

8Twelve’s unique service model has earned the distinction of being named Digital Innovator of the year in 2022, and the company boasts a 5 star Google rating in over 450 reviews and counting.  

“The tech platform we have built provides full transparency and analytics in a regulatory compliant environment,” said Akber Abbas, President & Chief Information Officer of 8Twelve. “We have access to over 65+ lenders and 7000+ mortgage products empowering us to find the right solution for these turned down borrowers.” 

8Twelve industry partners include: lenders with a limited product offering, insurance companies, wealth management, financial planning firms, real estate brokerages, and other financial institutions. Given the volatility and uncertainty caused by rapidly rising rates, 8Twelve partners have the confidence knowing that they are providing their clients the highest chance of success in finding the best mortgage solution using the 8Twelve platform.