In a developing country like the Philippines, access to housing may be a challenge for a lot of Filipinos. With that, PropertyAccess is partnering with Matchmo, a home loan service provider, to make ideal homes accessible for every Filipino.
This partnership came into fruition with the belief that every individual and family has the right to choose their home. PropertyAccess, as a property listing platform, provides property seekers with opportunities to find their ideal home faster from the curated list of properties; to make smarter purchasing decisions; and to live bigger lives in the comforts of their ideal home. Aligned with this is Matchmo’s dependability to find and obtain the right home loan to secure your dream home.
Matchmo’s loan calculator technology is available on every property listing within the PropertyAccess website. This ensures that your journey to securing a home as a home buyer is smooth and easy.
Choose your dream home with PropertyAccess and let the best home loan rates find you with Matchmo.
About Matchmo
Match Mortgage, often known as Matchmo for short, was created with the goal of assisting individuals in obtaining the finest home loans, saving time when preparing and submitting documentation, and getting the best rates for their monthly amortizations.
Matchmo, as an online platform, has completely digitalized the process of home loans for both real estate professionals and the average Filipino home buyer, bringing technology to home buying. They have partnered with 21 of the leading banks and financial institutions in the Philippines to assist with home loan applications. Matchmo also has a talented array of loan experts, who will help match the needs and qualifications of home buyers with MatchMo’s partnerships.
Matchmo aims to establish itself as the most trusted mortgage brokerage in the Philippines by developing reliable and differentiated technical solutions. Their mission is to revolutionize the nation's lending system by removing the burdensome requirement that borrowers submit so much paperwork. Founded by Kevin Carreon, Matchmo has been in the market for almost 2 years with a highly experienced real estate & bank professionals leading its operations.
How Does Matchmo Work?
Matchmo has a proprietary algorithm that matches the home buyer’s profile to the best banks that are suited to their needs. Through this system, potential clients can apply for multiple bank loans at once, allowing for a 95% success rate in matching anyone to the right bank. The algorithm and process allow for a 30% reduced turnaround time.
Home buyers can save up to 12% on monthly amortization by choosing the right bank. A lower monthly amortization means a lower income requirement for home buyers. Home loan options that are available for Matchmo home buyers include house & lot, vacant lots, townhouses, or condominiums.
Aside from the Matchmo Loan Calculator being easy to use & easy to understand, the loan calculator does not focus on just one bank rate. It shows computations of different rates depending on which bank they chose to apply. In addition to that, they can send the computation to their email for reference in the future.
Upon obtaining your complete documentation, the processing period varies between banks but typically takes 5 to 10 business days. To qualify for a home loan, you must be a Filipino citizen and at least 21 years old, to meet the parameters of Matchmo’s partner banks.
Other basic requirements include:
1) Completed application form
2) A valid government-issued ID with a photo and signature
3) Latest full payslip
4) For employed: Latest income tax return (ITR), BIR Form 2316
5) For self-employed: Latest ITR or BIR Form 1701, audited financial statements
with independent auditor’s report and balance sheets, and tax receipt
6) For foreigners: Alien Certificate of Registration (ACR), valid passport, and any
valid proof of residency
Matchmo’s Partnerships
Matchmo has partnered with some of the well-known developers in the country and has 21 partner banks to ensure that they can find the right housing loan for you. You may visit them at www.Matchmo.ph if you want to know more about their partner developers & banks.
Adding to their list of partners is PropertyAccess. Tying both companies together is the mission to help property seekers secure their dream homes. Finding the best loan rates is an arduous task that PropertyAccess aims to alleviate. With Matchmo, Filipinos are able to obtain the finest housing loan available and to connect them with the bank that most closely matches their needs. Having this available in the platform only brings more opportunities for prospective home buyers as well as the ease and convenience in the journey of securing a dream home.
Future Plans
Matchmo aims to be one of the largest Digital Mortgage broker in the Philippines, catering to all current and future home buyers. They plan to achieve this by offering convenience, and easy and fast transactions for home buyers, developers, and lending institutions. Alongside this, PropertyAccess aims to be the leading property portal, providing a technologically advanced yet user-friendly platform for both buyers and sellers so that they can find everything they need all in one place, hassle-free.
This partnership is guaranteed to continue for a long period of time, with the goal of making more dream homes accessible to every Filipino. Test out the new loan calculator by browsing through the available properties at propertyaccess.ph.