I love asking hard questions because they help me avoid the fluff and get straight to the point. This post answers the top 3 hard questions that Huspy users usually ask:
Can Huspy guarantee that I can get a mortgage?
Why doesn’t Huspy charge users? What’s the catch?
How does Huspy avoid conflicts of interest?
Can Huspy guarantee that I can get a mortgage?
No, and no one can. But we guarantee that we can maximise your chances to get approved. We always check all your documents before sending them to a bank and then push bank representatives hard until they approve your mortgage. We have mortgage veterans that have spent decades in this business so they know how to make your application look good and how to push bankers.
Why doesn’t Huspy charge users? What’s the catch?
The question you should be asking is why do some brokers charge users? All brokers get paid for their services by banks. No exceptions. So if banks pay brokers, why then do brokers charge users too? The answer is that the offline process is very inefficient, and brokers have to charge users to cover the processing cost.
Huspy is different. Instead of hiring an army of employees, we have built an online platform that does the majority of the work. So no cost for us = no costs for users.
How does Huspy avoid conflicts of interest?
In other words, will Huspy recommend the bank that is best for a user, or will Huspy push a user to the bank that pays the highest higher commission to Huspy?
We give the best rate for customers, and they can always check us. All they need to do is sign up to Huspy and see all the rates by themselves. Huspy’s online platform shows the honest paid interest for all banks, and everyone can compare the options.
By the way, Huspy is one of the few mortgage brokers in the region that shows honest paid interest - we don't hide rates as other companies may do.