Mortgage Calculator
Mortgage First is a mortgage advice company in New Zealand, and they needed to equip their users with the ease of quickly and accurately comparing mortgage repayments. The Quick Mortgage Calculator is an easy-to-use comparison tool that enables the user to see various loan packages next to each other.
MortgageFirst.co.nz mission was to simplify and clarify the process of mortgage decision-making in a way that is no longer scary to first-time buyers, homeowners, or investors.
Business Challenges
Nothing could stop the vision, but it faced numerous challenges on the way to compiling a working and reliable mortgage calculator. The site had to offer accurate comparisons, localized information tailored to the New Zealand market, foster consumer confidence, and drive long-term usage.
- Basic Calculator Functionality: The early calculator only provided simple repayment figures with no flexibility in terms, deposit, or rates. Users who wished to compare more than one scenario found the tool limited and less helpful in serious financial planning.
- Lack of Local Market Adaptation: The calculator did not match the New Zealand mortgage setup. Users also felt that the absence of localized repayment options, such as weekly or fortnightly options, made the results too general and not entirely reliable, given their own circumstances.
- Limited User Trust Signals: Mortgage planning is a very delicate option. First, the calculator did not have evident signs of trust, such as the credentials of the company or professional advice. This was a gap that made users not sure whether they could base their serious decisions on its findings.
- Complex Mortgage Details: The schedules for mortgage repayment contain several moving parts, including changing interest rates and timelines. The results were not easily deciphered by the first-time buyers, and this led to confusion rather than clarity in their planning process.
- Low Engagement Beyond Calculation: After the users completed their calculations, the platform did not provide them with other resources to keep them engaged. Lacking blogs, articles, or advisory information, the site risked losing its customers by the end of a single relationship.
Business Solutions
We solved these problems when we redesigned the Quick Mortgage Calculator into an easy-to-use, precise, and engaging application. The enhancements made clear sense, credibility, and long-term worth to house purchasers and investors in New Zealand.
- Enhanced Calculator Features: We provided a multisession comparison, which enables working with three versions of the loan conditions simultaneously. That offers security during the monitoring of repayment alternatives and making decisions with more confidence.
- New Zealand Market Alignment: We tailored the repayment formats to reflect lending practices in New Zealand, offering weekly, fortnightly, and monthly repayment options. This synchronization offers increasing results to feel correct and applicable, which permits the buyers to trust the calculator’s estimates.
- Building Trust and Credibility: We included company credentials, professional experience, and contact options on the calculator page. All these signals of trust show credibility that assures users that they are getting the right information on mortgage experts.
- Clear Results with Explanations: We made simple and precise explanations as well as repayment detail descriptions. By making complicated words easier to understand, they allow everyone, especially first-time buyers, to gain a deeper insight into the kind of financial commitment they are involved in.
- Blog and Advisory Content: We have developed a content repository of blogs, mortgage tips, and housing market updates. This helps to connect with the customers beyond the calculations, develop superior search engine optimization ratings, and become a long-term, reliable source of mortgage knowledge.
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Project in Figures
Applied Technologies
Joomla
PHP
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