Breezeful Review 2022
With all of the conveniences the internet has brought us, wouldn’t it make sense if it could also help us with our (often complicated) house hunting endeavours?
You might not be able to order a house online, but it turns out you can find a mortgage with the click of a button. At least, that’s the case now thanks to Breezeful, a digital mortgage broker available in Canada and the US.
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What is Breezeful?
Simply put, Breezeful is a technology-enabled online mortgage broker. They partner with more than 30 lenders to provide homebuyers with a big-picture view of their mortgage prospects, including rates, unique mortgage options, or even alternative ways to go about home ownership, such as a private mortgage or rent-to-own programs.
The technology is built by mortgage experts who help customers negotiate deals that make sense for them. Breezeful sees it as being on “a mission to revolutionize the homebuying journey”. And luckily for us, this homebuying revolution involves shopping for a bank mortgage on our phone or laptop from the comfort of our couch.
Breezeful Pros & Cons
Pros: The Good Stuff
More transparent, faster, and more economical than traditional mortgages
Use one credit check for many applications
Available across Canada
Access to mortgage broker professionals
Flexible mortgage options for a variety of financial backgrounds
Shop for a mortgage anytime, anywhere
Free to use
Cons: The Not So Good Stuff
Must be minimally tech-savvy (and have access to a decent internet connection)
No brick-and-mortar location to visit
You need a decent credit score to qualify
Breezeful Features & Benefits
Easy online access to the best mortgages for you
Breezeful offers a diverse range of mortgage options at a click of a button. Instead of a “one size fits all” approach, Breezeful will take your needs and financial interests into consideration and offer you a transparent overview of your lending options whether you’re looking for a pre-approval, mortgage renewal, refinancing, second mortgage, or more.
Breezeful also offers less conventional options like a private mortgage and a rent to own program. They also offer users access to a Home Equity Line of Credit (HELOC).
24/7 dedicated mortgage experts
Breezeful is an online platform, but they also offer friendly human guidance when you need it the most. With Breezeful, you have access to a mortgage expert that will walk you through the process. A dedicated 24/7 text line makes it easy to contact your advisor anywhere, anytime.
One credit check for all
Multiple credit checks can negatively affect your credit score—but that’s what you’ll have to do if you go out shopping for mortgages on your own. With Breezeful, you’ll only have to worry about one credit check. You can use this credit check to shop around with a variety of lenders.
A mortgage pre-approval helps you get a sense of how much house you can afford and is useful to obtain before working with a realtor.
Breezeful allows you to refinance your current mortgage in order to get a lower interest rate.
When your mortgage terms end, you can find a Breezeful mortgage to replace it.
Rent to Own
Breezeful offers access to a rent to home program that allows prospective applicants to rent a home for a certain amount of time before purchasing it.
Home Equity Line of Credit
HELOCs allow homeowners to use their home as collateral, giving them flexible access to cash when they need it.
Breezeful can help you find a second mortgage, which allows homeowners to leverage their equity, consolidate debt, and avoid other most costly alternatives.
Private mortgages can be easier to get than a traditional mortgage, which makes it a good choice for anyone with non-traditional income. Breezeful can help you connect with private mortgage lenders.
Closing Costs Calculator
Homebuyers sometimes forget to account for home closing costs, but Breezeful makes it easy to estimate what you’ll owe with their closing costs calculator.
How to Apply
Applying for a mortgage with Breezeful is extremely easy (some might even say a breeze). The entire process, which consists of a brief questionnaire about your property and financial situation, takes less than two minutes. At the end of the questionnaire, you’ll be offered a few different mortgage rates to compare and choose from.
Mortgage rates vary by province, as well as your personal information and the prime rate. In general, they tend to run lower than Big Five Bank rates. At the time of writing, rates were in the 2.28%-2.39% range, compared with over 3% at the major banks.
In the end, we’d have to agree with the other positive mortgage broker reviews online that cast Breezeful as a great online broker. Breezeful is an impressive addition to the house-hunting landscape in Canada. It’s definitely worth a try if you’re in the market for a new place to call home.
Frequently Asked Questions
Breezeful is a great option for first-time homebuyers. Instead of multiple credit checks and mortgage inquiries, Breezeful allows you to see options from 30+ lenders at one glance. Breezeful’s platform is so easy to use that it demystifies all of the confusion that comes along with buying a home that’s especially pronounced when you’re a first-time buyer.
Breezeful is a 100% online mortgage broker. This means that they do not operate brick and mortar branches. However, they do offer telephone and email customer support 24 hours a day, 7 days a week. Breezeful also offers access to a mortgage expert who can help walk you through the process—and they’re real human beings!