Perch provides a digital platform that utilizes a mortgage search engine to help users find and compare mortgage options from over 30 lenders, enabling them to secure competitive rates and pre-approvals quickly. The service addresses the complexity of mortgage selection and management, allowing homeowners and buyers to make informed financial decisions while potentially saving an average of $3,000 in annual interest.
Funding
$5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Finding the best mortgage rates and navigating the complexities of the mortgage market can be time-consuming and confusing for homebuyers and owners. Comparing offers from multiple lenders and understanding various mortgage products requires significant effort and financial expertise.
Solution
Perch is a digital mortgage platform that simplifies the process of finding and securing a mortgage. The platform provides a mortgage search engine that allows users to compare mortgage options from over 30 lenders, facilitating access to competitive rates and pre-approvals. Perch also offers a suite of tools and calculators, including mortgage payment, affordability, and rent vs. buy calculators, to help users make informed financial decisions. By streamlining the mortgage selection process and providing educational resources, Perch empowers users to save time and money while achieving their homeownership goals.
Target Audience
Perch primarily serves first-time homebuyers, existing homeowners, landlords, investors, non-salaried individuals, and those new to Canada seeking to find, renew, refinance, or consolidate mortgages.
Features
- Mortgage search engine to compare rates from over 30 lenders
- Same-day online pre-approvals in as little as 20 minutes
- Personalized mortgage offers via Pathfinder tool
- Mortgage calculator to estimate monthly payments
- Mortgage affordability calculator to determine maximum purchase price
- Rent vs buy calculator to compare the cost of renting and buying
- Mortgage renewal calculator to assess renewal affordability
- First-time home buyer calculator to evaluate incentive program eligibility
- Educational resources including a home buying guide, blog, and mortgage glossary