Frequently Asked questions
What is Rendi?
Rendi is a free tool that is designed to help first time home buyers to understand how close they are to buying a home. By answering a few simple questions about their finances, Rendi estimates your readiness and highlights your next steps.
How does Rendi calculate my readiness score?
Rendi uses the information you provide such as income, savings, property price and debts, to estimate readiness. it considers deposit strength affordability and financial commitments to generate an educational score.
Is rendi connected to my bank account?
No Rendi is not connected to your bank account, All information is entered manually by you.
Will using rendi affect my credit score?
No Rendi does not perform credit checks and does not affect your credit score.
Is my data secure?
Yes your data is stored securely and used to generate only your readiness estimate.
Is the readiness score a mortgage approval?
No. Rendi doees not provide mortgage approvals or financial advice. It provides educational estimates only.
How accurate is the estimate?
The estimate is based on common lending benchmarks, but lender decisions may vary.
What should i do after seeing my result?
Your results will highlight how close you may be to buyinng a home and what areas may need improvement.
Can I update my information later?
Yes, you can return to Rendi anytime and update your infoemation to track your progress.