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Why Huspy over a Bank?

Being customer-facing and interacting with families who are trying to find their dream home, I get asked a lot of questions as they try to navigate the cumbersome mortgage process. The problem is unlike other transactions (think of Uber rides, grocery shopping, paying your bills, etc).

Being customer-facing and interacting with families who are trying to find their dream home, I get asked a lot of questions as they try to navigate the cumbersome mortgage process. The problem is unlike other transactions (think of Uber rides, grocery shopping, paying your bills, etc), the mortgage process is usually not a recurring transaction. Most people only do it once when they’re looking to buy their dream home - which means people don’t typically have a benchmark of how bad or good the process can be. For those who are lucky enough to have acquired more than one property, they can testify how inconvenient the process is irrespective of going through the bank directly or through a broker.

So you must be wondering why Huspy?

Since the mortgage transaction is typically a one-off transaction, for those who do end up going directly through their bank, by the time they realize why they should have gone through Huspy, it’s too late for us to come and help! I will cut through the chase and use whatever remaining attention span you are giving to this blog post efficiently and explain why Huspy over a bank?

Access to all banks

We all have limited time and energy. For you to find the best rate that fits your financial needs and profile you will have to go through 15+ banks, speak to each one of them and navigate over 500+ different financing products to understand what’s the best with you. For those of you who have tried to close a credit card with your bank, you can only imagine how long this mortgage discovery phase can take. With Huspy, you can do this from the comfort of your sofa in less than 2 minutes. I’m overselling it? Try it for yourself.

But how long will it take?

For those who have tried requesting a refund on a transaction or placed any other inquiry through the bank, they can testify to the extremely long processing times of the bank. Now imagine this request is put for a far more complicated transaction such as your mortgage financing.... I’ll leave the timeline expectation to your imagination. It can take anywhere between 6-10 weeks. With Huspy, we follow up with the banks on your behalf, leveraging our tech platform, and ensure documentation is flawless, therefore expediting your application so you can get your dream home in less than 3 weeks. Best of all? You will have full visibility on your application through the process.

It’s not business, it’s YOU

The bank is there to fulfil a request - it’s transactional. Huspy is here to guide you throughout the transaction which takes weeks. We go beyond the simple request fulfilment and view the mortgage as a journey to your dream home rather than a transaction. We review contracts with you, advise you on best practices when it comes to MOU signing, down payment process, and ways to save on interest payments and insurance. "


Written by Huspy Team

Published on 21 April 2021

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7th Floor, The Bay Gate,

Business Bay, Dubai

United Arab Emirates

PO Box 6769, Dubai

Trade Licenses: 2489 and 584276

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