PropertyGuru launches mortgage check solution

August 9, 2018 | By | Reply More

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KUALA LUMPUR: Online property portal PropertyGuru today launched a Mortgage Pre-Qualifier that provides homebuyers with a ‘qualified mortgage check’ which gives an estimate on how much a bank will lend.

PropertyGuru said the tool, is part of its ‘Own Your Home Programme’ that aims to enable 100,000 Malaysian prospective homebuyers to overcome home affordability issues by 2020.

“What differentiates the PropertyGuru Mortgage Pre-Qualifier is that it’s highly predictive, accurate, takes only five minutes and is completely free,” PropertyGuru Malaysia country manager Sheldon Fernandez told reporters at the launch event today.

He further explained that the solution uses real-time and certified credit data to generate a unique debt service ratio and eligible mortgage amount.

“That means property seekers can immediately identify if they are qualified or not for a mortgage by the bank, and can immediately take the necessary steps to improve their chances of owning a home,” Sheldon added.

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