GoBear Hong Kong Launches its New Mortgage Comparison Featureby Company Announcement July 11, 2018
GoBear, an insurance and financial product comparison platform for Asia launches a new product comparison.
Mortgage comparisons are now available on the GoBear platform in Hong Kong.
It is not easy to afford a property in Hong Kong, yet becoming a property owner in Hong Kong is the priority of many. According to the statistics from the Hong Kong Monetary Authority, the number of mortgage applications in Hong Kong has increased by 8.6% in April 2018, now totaling 14,898 applications per month. Millennials, who are currently 23-37 years old, compose 32% of the total new mortgages in the second quarter of 2017.
Homebuyers are getting younger and education on financial investments is crucial. GoBear offers a unique browsing experience through providing comparisons on mortgages and home insurance, along with a series of informative articles, the platform aims to provide guidance for young inexperienced homebuyers on all stages of their investment.
The wide variety of mortgage choices allows customers to select the best mortgage package among competitive offers, GoBear’s new feature helps you compare interest rates, repayment amounts and best deals from different banks in just 3 simple steps.
Sandy Lau, Country Director of GoBear Hong Kong says,
“Following the launch of payroll account, home insurance and e-wallet features in Q1 & 2, we are pleased to launch our new mortgage comparison feature. By adding mortgages to our financial product comparison, it helps users make financial and important life decisions, especially in a high quality of life and fast-paced city like Hong Kong.”