Homewise is an end-to-end homeownership platform that utilizes AI technology to match borrowers with optimal mortgage options from over 30 banks and lenders, streamlining the application process. By providing personalized support and transparent advice, Homewise helps Canadians save an average of $10,000 on their mortgages without hidden fees or credit checks.
Funding
$4.1M 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
Securing a mortgage often involves a time-consuming and opaque process, requiring borrowers to navigate multiple lenders and complex paperwork. Many Canadians lack access to personalized support and transparent advice, potentially leading to suboptimal mortgage choices and missed savings opportunities.
Solution
Homewise is a digital mortgage brokerage that streamlines the homeownership journey by matching borrowers with tailored mortgage options from a network of over 30 banks and lenders. Using an AI-powered platform, Homewise analyzes borrower profiles to identify the most suitable rates and features, saving Canadians an average of $10,000 on their mortgages. A dedicated Homewise advisor provides transparent guidance throughout the application process, managing paperwork and lender updates. The platform supports various needs, including pre-approvals, new purchases, refinancing, and switching lenders, while also catering to self-employed individuals and those with challenging credit situations.
Target Audience
Homewise primarily serves Canadian homebuyers and homeowners seeking to secure a new mortgage, refinance an existing one, or switch lenders, including first-time buyers, repeat buyers, and self-employed individuals.
Features
- AI-driven mortgage matching algorithm that analyzes borrower profiles and lender offerings
- Access to over 30 banks and lenders, including both prime A lenders and B & private lenders
- Personalized support from a dedicated Homewise advisor via online, phone, or text communication
- Streamlined online application process that can be completed in as little as 5 minutes
- Support for first-time homebuyers, repeat buyers, self-employed individuals, and those with low credit or high debt
- Assistance with pre-approvals, new mortgages, refinancing, and switching lenders
- Digital document management and automated lender updates