Despite the uncertainty caused by the Covid-19 pandemic, which hit large companies and SMEs with great force, the mortgage sector remained firm.

In fact, he experienced positive situations along the way; especially Fintech, which provided more and better benefits to users.

During this year, the mortgage sector experienced an atypical situation when interest rates were at historical lows, which helped applicants to obtain a larger amount of financing.

It also allowed them to pay off their loan in less time and with better conditions, thanks to the improvement of the mortgage or refinancing.

See also: How to restructure my Infonavit credit?

In addition to lower rates, technology played an important role in the sector, by facilitating the search for real estate and obtaining loans without leaving home, accelerating processes and providing a better experience than that provided by traditional institutions.

From this experience remains the solidity of the mortgage bank that despite the difficulties

people who had contracted a mortgage loan continued with their monthly payments.

Technological advances also made it easier for people who wanted to buy a home through a mortgage loan to obtain financing without leaving home, which led to the elimination of obsolete and unnecessary requirements.

Clients replaced face-to-face visits with zoom calls or google meets, incorporating more and more people into technology, increasing activity in social networks, online services and real estate searches.

Of interest: Canadevi estimates a 13% increase in housing prices in Mexico in 2022

Another advantage left behind by the pandemic is that clients used proptech companies to analyze the properties to buy and credit options. The fact that the value of real estate has not increased in the last year, allowed people who wanted to buy to have access to great deals on homes, search and discovery that they carried out through proptechs.

But that is not all. These types of companies also saw an opportunity in the recommendation of mortgage loans, completing the user experience from searching for the ideal property, to obtaining financing to achieve it, establishing an important B2B relationship for the sector.

For their part, people made an effort to investigate their options online and were encouraged to take out loans to meet their goal of buying a home.

In Solili you can check available apartments in Colonia del Valle and Narvarte

Original note