Toronto proptech Perch launches innovative Pathfinder tool that makes finding a mortgage as easy as 1-2-3 – Surrey Now-Leader

Shopping for a mortgage can be a daunting task for many, but with new technologies emerging, it doesn’t have to be anymore. Perch, the proptech startup that empowers Canadians to build wealth through real estate through its intuitive homeownership platform, recently announced the launch of its latest tool, Pathfinder.

Whether buying a home, renewing a mortgage or looking to refinance, the web-based tool allows Canadians to instantly shop and compare mortgage offers from over 20 lenders, allowing users to find the best online mortgage deals in 3 simple steps.

How does Pathfinder work?

Pathfinder asks for a few details about what a buyer or homeowner is looking to do and allows them to instantly view and sort deals by total savings, mortgage rate, lender, term, prepayment flexibility, and more. Those who have an existing mortgage offer from any lender can easily compare it with products from over 20 lenders and see which offer has the highest total amount of savings, allowing them to identify the offer. which suits them best.

Pathfinder allows Canadians to instantly shop and compare mortgage offers from over 20 lenders.

Using predictive modeling, Pathfinder is the only tool that allows users to compare all mortgage transactions based on their overall projected costs.

This includes things like:

  • Consideration of expected increases in the prime rate to compare a variable rate to a fixed rate
  • Consideration of expected rate movements to compare shorter durations to a 5-year rate
  • Taking into account the penalties expected in the event of breach according to the penalty calculation methodology specific to each lender

The tool also provides live insights so users can see what others are choosing for their mortgage term, or how many are choosing fixed rather than variable rates. With Pathfinder, it’s easier than ever for Canadians to get real, personalized mortgage rates at their fingertips.

“At Perch, our goal is to empower Canadians to make informed decisions about their real estate and help them unlock their wealth-creating potential,” notes Alex Leduc, Founder of Perch. “We are proud to be the first company in Canada to offer real, instant and transparent mortgage rates online.

Why perch?

  • Fast pre-approvals in as little as 20 minutes and mortgage approvals in less than 48 hours
  • Free, easy-to-use mortgage calculator to help individuals understand their buying power
  • Find the lowest mortgage rates available in Canada
  • Dedicated 1:1 support, seven days a week, from Perch Mortgage Advisors
  • Easily calculate the benefit of buying with the new First-Time Home Buyer Incentive program

Perch was founded in 2018 by Alex Leduc and is proudly based in Toronto, Ontario. To learn more, visit, or Instagram @perchcanada and Facebook @perchcanada.


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