Few milestones are more significant than buying a home. Whether you're a first-time buyer or need more space as your family grows, the idea of buying a house inspires a sense of excitement and adventure.
But daydreams of cozy breakfast nooks, man caves and pastel nurseries can unravel once you begin the mortgage process. Trips to the bank, stacks of paperwork, and grueling approval requirements can start to dull those dreams before you've even painted those imaginary walls.
At least, that's how it was in the pre-fintech era. But those days could soon be a thing of the past. Thanks to advances in technology, obtaining a mortgage may soon be faster and easier than ever.
Rather than muddle through pages of legal jargon, home buyers can now learn about and initiate the mortgage process through simple, streamlined digital platforms. Indeed, electronic mortgage services are expected to revolutionise the home-ownership industry.