How does H28 work: Buy your first home faster
Food, shelter, and clothing. These are our basic needs as human beings. And owning a home is one of the deepest desires we have. Everyone hopes that one day, they will be able to afford to buy their dream home, but it’s usually a vague goal closer to a deeply held wish. H28 was built to take this wish and turn it into a clear achievable goal, complete with all the steps and tools you need to get you into your first home as soon as possible.
What is H28?
H28 is an app that helps you plan toward and achieve home ownership. The app has one simple goal; get you into your own home. It does this by providing you with all the tools and supports you need as you embark on your home ownership journey.
A few things you can do with the H28 app include;
- Evaluate yourself and gain a clear understanding of where you are financially and how long it will take you to achieve your home ownership goals.
- Save towards your down payment while earning high-interest rates on your locked savings.
- Build up your credit score by taking and repaying short-term loans through the H28 Credit Card
- Earn rewards each time you pay rent.
- Access down payment assistance programs.
Follow the steps below to start enjoying all the benefits of the H28 app;
Step 1: Create your account and take the affordability test
Visit H28.IO to create an account and complete your KYC. After that, you will be prompted to take the built-in Affordability test. This test will help to determine your current financial status and help you set your down payment goal. The app will be able to take in all the information about your desired home goal and use that to help you determine what the downpayment will be.
This entire process is fully confidential and will not be shared with anyone
Step 2: Setup your savings goals
Based on your results from the test, you will be able to set up your down payment savings goal and begin to save towards the downpayment for your desired home. These savings will be locked in order to promote discipline. However, your savings will earn you higher than the market average interest rates and you will also be able to break your savings at 12-month intervals and retrieve your funds.
The app will help you successfully make your payments and show you how much progress you are making.
Step 3: Report your rent payments to boost your credit score
We want to understand your rent payment patterns as far back as possible and going forward as this will help to boost your credit score. It will also earn you rewards each time your rental payments are successfully verified.
You don’t need to do much, just follow the steps as you are prompted and once the payments are verified, your rewards wallet will be credited.
Step 4: Add supplementary data and earn rewards
Lenders want to have as clear a picture as possible of your financial profile. You can add this other data through the H28 app. It includes information about your other sources of income and alternative assets including crypto assets, any other locked savings, insurance products etc.
You earn rewards each time you add new information and also help to boost your credit score as you prepare for your home ownership goal.
Step 5: Boost your credit score by taking short-term loans and paying back
We encourage you to take short-term loans using our dedicated credit-booster cards and pay them back on time so you can improve your credit score. All loans have a lifespan of 30 days and you can make all payments from within the app.
And just like that, you are set! You can now sit back and manage the entire process from the comfort of your mobile device. Once you hit certain milestones, you can apply for down payment assistance where we contribute towards your downpayment in order to bring your target date much closer.
We will also share exclusive deals from lenders and developers within our network so we save you as much as $6000 on your home purchase, closing costs and furniture.
To begin your home ownership journey with H28, click here to join our community of dreamers who are building their desired future using our tools.
H28 is a platform that automates the entire home finance application process and ensures that you get the right type of housing finance you need.
Sign up here today to learn more about how it works and how we can help you move into your dream home.
