Buying a Home Has Never Been Complicated
Buying a home has always been a daunting task. From figuring out how much money to put down and how that will affect the monthly mortgage bill, to closing costs and fees, it can be overwhelming for even the most seasoned buyer. But what if there was a way to make this process easier? Enter Further, a fintech platform founded by Kevin Bennett with the goal of demystifying the financial side of home buying.
The Problem
According to Bennett, the problem lies in the complexity of modern home buying. "A generation ago, our parents bought a $200,000 home with a 20% mortgage, and it was very straightforward," he explains. "There was one kind of mortgage, and that’s what you did." Fast forward to today, and things are much more complicated. There are numerous types of mortgages available, each with its own set of implications.
The Solution
Further aims to simplify this process by providing users with a clear understanding of their financial situation and how it will affect their home buying experience. The platform’s first product is a calculator that shows what people can afford and what their monthly mortgage payments and closing costs could look like, based on real-time interest rates.
But Further doesn’t stop there. Bennett wants to empower users by providing them with more than just numbers. The platform tells users how easy it will be for them to find a loan based on their financial status, whether they should wait to buy, or if they should pursue specific types of loans based on their financial profile, among others.
The Vision
Bennett’s vision for Further is not just about providing users with a clear understanding of the home buying process. He wants to put users in control, allowing them to make informed decisions about their financial future.
"Our goal is to enable people with the right insights and information to make good decisions and plan for this really big part of their life in a way that gives them confidence, puts them at ease, and lets them focus on what they really want to focus on," Bennett explains.
The Competition
While Further may be a new player in the fintech space, it’s not without competition. Companies like Better.com (formerly known as Better Mortgage) are already offering similar services to homebuyers.
However, Bennett believes that Further has an edge when it comes to its focus on empowering users with clear and actionable information. "We’re not just about providing users with a calculator or a mortgage broker," he explains. "We want to give them the tools they need to make informed decisions about their financial future."
The Future
Further plans to expand its offerings in Q1 of next year, with a new set of features and capabilities that will further enhance the user experience.
"We’re excited to see what our users think of our platform," Bennett says. "We believe that Further has the potential to revolutionize the way people buy homes, and we can’t wait to share it with the world."
The Founder
Kevin Bennett is no stranger to the fintech space. With a background in finance and a passion for innovation, he’s well-equipped to take on the challenge of simplifying the home buying process.
Bennett’s vision for Further is not just about creating a successful business, but also about making a positive impact on people’s lives. "We believe that everyone deserves the opportunity to own their own home," he explains. "And we’re committed to making that happen."
Conclusion
Further is more than just a fintech startup – it’s a movement to simplify the home buying process and empower users with clear and actionable information. With its focus on user empowerment, transparency, and innovation, Further has the potential to revolutionize the way people buy homes.
As Bennett so eloquently puts it: "We’re not just about providing users with a calculator or a mortgage broker. We want to give them the tools they need to make informed decisions about their financial future."
Related
- Better.com: A fintech company offering similar services to homebuyers.
- Fintech industry: A rapidly growing space that’s changing the way people interact with finance.
- Home buying process: A complex and often overwhelming experience for many people.
Note: This text is an expansion of the original article, adding more details and context while maintaining the core message and ideas.