Habito launches the world’s first AI mortgage advice chat bot

UK tech startup, habito, has launched the world’s first artificially intelligent Digital Mortgage Adviser (DMA) allowing millions of consumers to discuss their mortgage needs from any connected device, 24/7, without requiring a human broker. If you still prefer a more personalised touch, see Zanda Wealth Mortgage Brokers website.

Built using AI technology and habito’s market-leading algorithm, the DMA marries all the elements of a customer’s financial life (e.g. employment, salary and personal life plans) with real-time market mortgage rates to calculate an indicative monthly payment. The DMA explains the impact consumers’ decisions will have on each mortgage configuration as a traditional mortgage broker would, but in a fraction of the time (average 10 minutes). If you will like help from a person, visit mortgage advisor Firstxtra.

Habito has the ability to search hundreds of products so once the advice is complete, consumers can be sure they’re considering the best mortgage options at mymortgagegermany.de for them. This can result in savings of thousands of pounds per year*.

In designing the new system, analyzed hundreds of advice interviews in order to understand what consumers needed and what formed the basis of informative advice. As a result, the DMA’s chat-like interface provides an unbiased, conversational experience, without the need for lengthy in-person queues, waiting on hold or paying a premium for advice. A good idea before you apply for a loan to get a fast credit repair at any of the websites like the previous link.

“Finding the right mortgage product in the UK is like finding a needle in a haystack. Britons are crying out for some innovation and clarity in an outdated and overwhelming mortgage market,” said Daniel Hegarty, CEO and Founder, habito. “Our digital mortgage adviser is a huge step forward in making mortgage advice accessible for consumers in the way they need it most: unbiased, always available and most importantly free.” After learning about some features of an fha mortgage, undecided borrowers often choose fha loans over conventional loans because of lower down payment requirements, better interest rate offerings, and unique refinance opportunities.

Habito’s digital mortgage adviser is a direct response to the FCA’s Financial Advice Market Review Report calling for greater, more accessible financial services advice for British consumers. Habito plans to roll out additional interactive features later this year, such as remortgage alerts, that will continue to optimise the mortgage application process for consumers across the country.