Finding a good mortgage is complicated, not only because there are fewer and fewer good ones, but also because many banks have stopped publishing the interest rate on their products as it varies from customer to customer.
So going to a buyer on the internet and having them do the work for us is disappearing, now you have to go to the banks website, enter your details and use their simulators.
Luckily, fintech companies have arrived to revolutionize the financial sector and while they have been slow to catch up with the mortgage market, there are many possibilities to benefit customers with the use of technology.
One of the companies that has caught our attention the most is Hummingbirda new platform that helps those looking for a mortgage with mortgage brokers to offer them the best deal. We have not used it and we do not know if it is good or not, but a priori its service seems interesting.
Its operation is quite simple, the customer fills out a small questionnaire, evaluates and verifies the data and, here is the novelty, they post it on a marketplace so that the different banks or mortgage brokers can bid for the clientthe one offering the best conditions wins and the offer is passed on to the customer to be accepted or rejected.
It is a curious way to facilitate the contracting of a mortgage as it saves the customer the tedious work of comparing offers (which can take several weeks) by receiving the best possible mortgage in three days.
The customer, on the other hand, receives information on current offers and their evolution at all times, all in real time, in a transparent way and at no cost to him. In the event that no offer is attractive enough, it is rejected and the customer is not penalised.
Undoubtedly a more than interesting initiative and I await your comments to see if anyone has tried it.
