Report: Technology transforming home buying process

online mortgage

online mortgageAZBigMedia

Phoenix consumers have been longing for more digital solutions in the mortgage space, according to the latest Bank of America Homebuyer Insights Report. Nearly one-third of local residents are comfortable applying for a mortgage digitally, compared to less than one in five who say the same about online dating.

The report, a study exploring homebuying perceptions and behaviors among adult consumers, also finds that 60 percent of respondents would apply or have already applied for a mortgage via mobile or online.

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