Is the way you are choosing a house the right way? Read to find out

For any person, one of the signs of having it made and being truly independent is being able to purchase your very own house. Whether you are a young adult, a couple starting a family, a professional looking to invest their hard-earned cash, buying and owning property can be truly rewarding in itself.

Now that you are ready to embark on the house hunt, how do you choose a house? And is the way you’re choosing the house the right way? The first step is to check if you and your finances are ready.  

Not sure if you have enough cash to spend? Luckily, we now have the services of an AI financial mortgage advisor at the ready to help you make the right steps in the house hunting journey.

What is AI?

Artificial Intelligence of AI is described as the “simulation of human intelligence in machines that are programmed to think like humans and mimic their actions.” Think thinking machines. 

Thanks to advances in technology, AI has found its way into many applications, such as in real-estate and financing.

Why use an AI financial mortgage advisor?

House hunting can be daunting, especially for first-time home buyers. With the ups and downs of real estate, home buyers surely need a helping hand in finding the right property for them, especially when you need to take a mortgage.

Choosing to engage a mortgage advisor is a good step in the house hunting process. Having an AI -backed financial mortgage advisor is even better.  With an AI financial mortgage advisor, you will experience a truly neutral guidance as AI and distributed ledger technology helps turn the complex home research and orientation process into a simple and enjoyable experience for all. 

Another advantage with AI is that you get real-time market information on the go as it is able to track market changes in real time. You would know if it’s a buyer’s or a seller’s market. You’d have an idea about the comps in your targeted neighborhood. That data combined with your financial information will give you a realistic picture when it comes to money matters – the maximum loan amount you can take, potential down payment, possible closing costs, and other expenses. 

Our platform here at Home Lending Pal assists consumers, especially minorities and millennials, in assessing one’s financial ability to take on a mortgage along with guidance in accessing and choosing the right mortgage financing and originators. It’s like finding the ideal date, but with mortgage.

Since an AI financial mortgage advisor is in essence a thinking machine, you can be assured that all the information given to you is in your best interests devoid of financial stakes and biases from other parties. Lenders are now able to determine if they can work with any potential borrower without the biases surrounding the upfront information of sex, race, and age.

AI is a truly wonderful thing as it helps level the playing field.  AI gives you the best information to help you make the right decision.