The advantages of using a comparator when looking for a mortgage

A mortgage comparator is the best way to find the loan that best suits the situation and the specific needs of consumers. They are online and free tools, offer a panoramic view of the market, allow you to save time and provide very relevant information when choosing between one loan or another, such as the final interest rate.

We explain the reasons why you should use a home loan comparator in the process of searching for a loan to buy a house:

It offers a panoramic view of the mortgage market

The first advantage of using a mortgage comparator when we are going to ask for a loan is that it gives us a panoramic view of the mortgage market. In other words, it will not just show us the offers of one bank or another, but all the offers available on the market at that moment. In this way, we can compare products not only within the same entity, but also between different banks.

Provides highly relevant information when choosing

Another of the main advantages to bear in mind when using a home loan comparator is that it will offer specific and highly relevant information. For example, the APR of each financing. In other words, what we will actually pay for taking out each specific product.

Offers research based on personal profile

A home loan comparator takes into account each customer´s profile, thanks to the information we provide. This way, you can select the loans that really meet your needs and demands. In other words, it takes into account if you can access a mortgage for young people, if you have a fixed salary or if you are self-employed, which house you can afford, etc.

It´s totally safe

A mortgage loan comparator like the one from idealista is totally safe to use. The data it uses is only that which is strictly necessary for the study of each specific case, all of which is treated following the necessary measures to guarantee the total security of both the data itself and that of the client.

It is a price and mortgage loan comparator

On the other hand, it can be said that a mortgage credit comparator is also a price comparator. In general, apart from the general conditions, one of the aspects most taken into consideration when comparing loans is the final price to pay for each of the products you are comparing. In this sense, using a mortgage comparator is one of the best ways to save money on the loan you are going to take out.

Saves you a lot of time

Another advantage of using a home loan comparator is that it helps you save time. How? Imagine you need to contact all the banks and then compare each of the products they offer... How long would it take you to do that from scratch?

It offers greater comfort because it is a digital method

In the same way, you cannot forget that a home loan comparator, because it is done digitally, offers much more comfort and is more practical, being able to be done from home and without the need for a phone call. Just enter the data and the computer gives you the results in a few seconds.

A mortgage loan comparator is free of charge

Another advantage of loan comparators like idealist is that it is free. Something that always comes in handy, especially when thinking about the possibility of buying a house using bank financing.

Lets you make the best decision

The use of a mortgage comparator helps us to make the best decision as it provides us with the specific and relevant information we need to choose the loan that best suits our needs and characteristics as a client. In this way, we avoid having to settle for the first credit solution we see or for the product that our usual bank offers us.

Finally, it is important to remember that when we use a mortgage credit comparator, what we are going to get are several generic offers. Therefore, it is very important to present the operation in several banks and thus be able to see the specific offers that each entity makes. In this way, we can be sure that we find the loan that really suits our needs.