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Adobe Stock

Home remodeling marketplace Remodelmate announced a financing partnership with finance service SoFi. The partnership aims to increase the ease with which homeowners can finance their renovation projects online, according to Remodelmate.

“Remodeling a home, no matter how big or small the project, has never been this easy,” said Chad Hall, Remodelmate’s founder and CEO. “One click to book a renovation, and another to finance it. Our installers’ rates are typically 30 percent below the national average, making us one of the most affordable options for new homeowners who can only afford fixer-uppers. With SoFi, we’re making home renovations and homeownership even more accessible.”

SoFi provides unsecured personal loans up to $100,000, with low fixed or variable interest rates. SoFi’s quick approval process takes into account multiple factors. Borrowers can change payment due dates at any time with no late fees for missed payments or overdraft fees.

Remodelmate, founded in 2016 in Washington, D.C., is a marketplace for buying, selling, and managing home renovation projects completely online. The company is active in D.C., Maryland, and Virginia, and has recently expanded into Colorado. The company recently partnered with online interior design service Havenly.

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