Category Archives: Uncategorized

Why credit brokers have the best rates?

The mortgage broker is a person mandated by the borrower, so that it takes the steps with the banks in its place and negotiates the best loan offer . An experienced intermediary with a strong network and likely to get the best rates. When performing well, his performance largely covers his fees – when it is not free.

Why go through a real estate broker?

Why go through a real estate broker?

The main advantage of using a real estate broker is to take advantage of his ability to negotiate the lowest rates. A skill he gets by putting forward these arguments:

  • If the borrower only represents himself against a banker, the broker represents several files . A volume that allows him to discuss directly with the real estate hubs of banking institutions, passing “above” agency advisers.
  • With advanced professional skills, the broker is able to bring his technical knowledge in the editing of a complex real estate loan.

Beyond these faculties to lower rates, the real estate broker saves time for the borrower, taking the place of him for all the solicitations of banks.

Which type of broker would you prefer?

Which type of broker would you prefer?

Unlike banks, which must be put in competition, it is not wise to have several brokers work on the same file . Indeed, as each one of them risks to approach the same establishments, these last ones are likely to be annoyed.

There are two types of intermediaries:

  • Online brokers: most of the time, these professionals present several offers to the borrower, built from the applicable rate grids, provided regularly by the banks. They play on the volume to obtain the best price conditions, but the customer remains in charge of part of the negotiation.
  • Brokers in the field: if these intermediaries rely on the same rate schedules, they come to negotiate on the spot, the rate (fixed or variable), the fees, the amounts of prepayment allowances … Offering their client a or several highly detailed loan offers where bargaining work is successful.

What is the cost of this benefit?

 What is the cost of this benefit?

Whether you choose an online real estate broker or an intermediary with a physical agency as a partner, you need to know his fees before officially mandating him. While some services are completely free, others claim the payment of brokerage fees.

And on this point, there is no established rule and several situations are possible :

  • The borrower pays the bank charges and the broker receives a commission from the bank
  • The borrower pays the brokerage fees in exchange for the removal of bank charges and the broker receives a fee from his client and a commission from the bank.
  • The borrower bears all the costs (banking and brokerage), while the broker is paid by both the bank and his client.

To date, there are no situations where the client pays no fees and the broker is only paid by the bank.

In all cases, pursuant to Article L322-2 of the Consumer Code, no payment may be required before obtaining one or more loans of money . And no later cashable check can be requested. In addition, if the loan chosen does not meet the initial requirements or the mandate signed with the broker, the client is not required to remunerate him.

News about the Freedom

 

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This is how Banco Mediolanum’s variable-rate personal loans work

 

In general, personal loans for consumption have a fixed interest, that is, they do not change during the life of the contract. However, there are a few entities that apply a variable type that can be modified from time to time in fu …

 

Comparison of variable mortgages: Openbank vs. Mediolanum Bank

 

If we have a premium profile, entities can offer us products with more attractive conditions compared to other mortgage loans. Today we are going to analyze two of these variable mortgages to see how their characteristics are: Hip …

 

 

Comparison of variable mortgages: Coin vs. Mediolanum

 

Buying a home is a decision that is usually taken as a couple, but, increasingly, many are encouraged to take the step alone but often find that the conditions they offer are worse, since the guarantees of payment that …

 

 

Comparison of variable rate mortgages: Bankia vs. Mediolanum Bank

 

Comparison of variable rate mortgages: Bankia vs. Mediolanum Bank

Although not the most common, within the market there are a few banks that offer variable rate mortgages with little connection. In other words, they apply attractive interest without demanding in return the fulfillment of hundreds of requirements. Today c…

 

 

Mortgages variable from start to finish, in danger of extinction

Mortgages variable from start to finish, in danger of extinction

This May, two of the few entities that kept the variable interest on their mortgages during the life of the financing have given way and joined the fashion of the initial fixed rate. It is ING Direct and Banco Mediolanum. Accede to…

 

 

Mediolanum and its Freedom Account bring us more commission-free profitability

 

If we are looking for a remunerated account that gives us high profitability and, at the same time, is exempt from any commission, the Freedom Account of Mediolanum becomes one of the most suitable options. As we will see below, it is …

 

 

Banco Mediolanum increases interest on all its mortgages

 

Until now, the variable mortgages marketed by Banco Mediolanum were the ones that applied the lowest market interest, from Euribor + 0.75%. However, one of the attractions of these mortgages that is maintained is their limited relationship, …

 

 

The best 5 variable-rate mortgages of January 2016

 

The best 5 variable-rate mortgages of January 2016

Applying for a mortgage at the beginning of 2016 is a good time, especially at a variable rate, as the Euribor fell again in December (0.059%) and banks continue to offer increasingly lower spreads. In the following article we show you …

 

 

Banco Mediolanum lowers interest on its mortgages and positions them as the cheapest in the market

 

The differential war is at a time of maximum competition between entities. This time it was the turn of Banco Mediolanum, which has lowered the interest of the Freedom Mortgage and the Freedom + Mortgage, with offers that lower …

 

 

The best mortgages: Ecohipoteca VS. Freedom Mortgage

The best mortgages: Ecohipoteca VS. Freedom Mortgage

Search financing for the purchase of a house and having to apply for a mortgage may seem a very complicated process. As we start looking for the best mortgages problems can appear such as: -We do not understand the language that …

 

Credit – Minis Credits Yes Credit

 

 

3 +1 Quick Credits with ASNEF to overcome a pothole according to its amount

People who appear in non-payment files can find many difficulties if an unforeseen expense arises and they need financing. The options of obtaining a loan through the traditional bank are null, because they do not accept c …

Published on 11/16/2017

The importance of responsible use of credit cards

The importance of responsible use of credit cards

The increase in the use of credit cards in our country is a fact. According to the data provided by the Bank of Spain, there are currently more than 48.75 million cards circulating in Spain, that is, there are more cards than inhabitants. This, in part, what

 

How to buy the Thermomix financed by spending the minimum possible

How to buy the Thermomix financed by spending the minimum possible

Every 3.5 minutes a Thermomix is ​​sold in Spain. This kitchen robot concentrates more than 90% of the market share in this sector and already has more than 2 million households in our country and await the 5 million in 10 years, according to the …

 

Do not ask for a credit without doing these 3 questions before

Do not ask for a credit without doing these 3 questions before

It seems that the tap of the credit has been opened definitively: banks again grant financing and there are more and more private capital companies that lend small amounts of money in a matter of a few minutes. Without embar …

 

Can we pay the mini-credits in installments?

Can we pay the mini-credits in installments?

Normally, when we hire mini-credits, we promise to reimburse the borrowed money in a single payment within a maximum period of 30 days. Being a financing product of an amount under most financial institutions, they require us to pay …

 

Discover how to finance your Thermomix at 0% and forget about cooking

Discover how to finance your Thermomix at 0% and forget about cooking

40 years ago Thermomix went on the market and then it was only accessible to upper class families. It is a culinary tool that allows us to cook any recipe in a comfortable and easy way, but it costs about 1.1 …

Posted on 09/15/2016

 

To finish training, what credits, in how much time and how much?

To finish training, what credits, in how much time and how much?

We are approaching the last dates to enroll in the master’s degree or the postgraduate program that will help us to finish training professionally, and although we know that it is a high expense, we must understand it as a long-term investment. There is another …

 

 

Why is a deposit guarantee fund synonymous with security and trust?

 

On numerous occasions, when we are going to contract a deposit or a savings account, we usually read that this money has the coverage of the Deposit Guarantee Fund (FGD). Now, what does this organism consist of? What is its function …

 

The Euribor increases for the first time in 9 months and stands at -0.010%

 

Three consecutive quarters with a 12-month Euribor in free fall have come to an end, since this April, the benchmark index of most mortgages in our country, has increased by 2 thousandths to -0.010%. Even so, this …

 

 

Having friends has a prize: € 25 discount on your mini loan

 

If we want to apply for a mini loan, we get the eternal doubt of “to whom?” In the Spanish market there is a great offer of companies that offer mini-loans to the best conditions and concession processes that are carried out in a matter of min .. .

 

Minicrédito – Payday Loan Consolidation

 

 

Mini-credit comparison: MoneyMan vs Dineo

 

The amount requested and the return period offered by this type of financing makes us think that all offers are the same. However, there are also differences between the mini-credits. In this article we will check it by putting fr …

Published on 04/24/2019

Do not get stuck when you search for mini-credits online

Do not get stuck when you search for mini-credits online

Do not get stuck when you search for mini-credits online

The network is flooded with offers of all kinds and the economic sector does not escape this reality. As with the news, distinguishing real promotions from false ones remains in the hands of the Internet user. In the case of mini-credits, confusion …

 

Problems paying the rent? Free mini-credits can be the solution

Problems paying the rent? Free mini-credits can be the solution

When it comes to looking for a floor, problems accumulate. The supply is scarce in relation to the demand, and if that were not enough, the prices do not stop growing: in 2017 they rose 8.9% in Spain, according to a study by Idealista. For those who seek indep …

 

 

Advance your extra Christmas pay with a free mini-credit

Advance your extra Christmas pay with a free mini-credit

Although there are many people who criticize Christmas, in the end there are more people who enjoy it than those who suffer it. There are several reasons to wish that these dates arrive: to see our families, forget a bit of the diet or leave the work aside …

 

The 3 online mini-credits with the fastest and easiest application process

The 3 online mini-credits with the fastest and easiest application process

One of the characteristics for which the mini loans have stood out since their arrival in Spain more than ten years ago is the granting of financing quickly and simply. For this, they have taken advantage of that it is a product that landed in Esp …

 

 

What loan would each character of the Simpsons be?

What loan would each character of the Simpsons be?

Today is World Simpsons Day, a series that has spent more than 29 years entertaining millions of viewers around the world. The affection of all has earned them the concession of a day to celebrate their success. After 29 seasons on the air, to …

 

Online mini-credits to get rid of that horrible toothache

Online mini-credits to get rid of that horrible toothache

The urgencies of money are unpredictable. In addition, Murphy said: “if something can go wrong, it will come out”. It is a pessimistic view of life, but it is often fulfilled in a surprising way. We are at the end of the month, our budget is …

 

 

Save up to 300 euros by paying your traffic ticket with a mini-credit

 

A fine for speeding can be a mismatch in the planning of our monthly expenses. According to the data of the DGT, these sanctions can reach 600 euros, an amount that is cut in half if we have the …

 

3 interest-free mini loans for a too intense February

3 interest-free mini loans for a too intense February

February is the calendar clip. However, he has two special events between his days, Carnival and Valentine’s Day; two appointments that involve extra expenses and that, precisely, are not few. Ask for a loan to solve something that, as in …

 

 

The new mini-credits are the good ones to know

 

Sometimes there is a reluctance to face unknown things. However, it has happened to many that after a long life asking for the typical vanilla ice cream, they suddenly try a new one and fall in love immediately. Other products already invented …

 

Repurchase of credit and PTZ

Low interest rates are prompting French borrowers to look at the terms of their current credit (s) to determine if a buyout could be profitable for them. If so, what becomes of the Zero Rate Loan with your home loan?

Credit redemption: a reminder of the advantages and disadvantages

 Credit redemption: a reminder of the advantages and disadvantages

The redemption of credits is an operation that consists of collecting several loans in one, whatever their nature: consumer credit, mortgage, tax debts, etc.

The idea is to reduce the overall amount of all monthly payments by grouping them together. With a lower debt ratio, you thus find purchasing power, cash and you can negotiate better credit insurance for your new credit.

Naturally, this company has a cost : you will have to pay prepayment fees (IRA), bank fees, mortgage or bond fees, the cost of the borrower insurance, as well as brokerage fees. . Unless you work with a free Finn network broker!

What happens when there is a PTZ?

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The redemption of credits supposes to settle all the loans in course, to have only one. As a result, what happens when the borrower has subscribed a PTZ?

Can we transfer it to another bank?

Can we transfer it to another bank?

The zero rate loan is a device that can not be transferred because of its “assisted” nature . In fact, at its subscription, the bank benefits from State aid: however, no organization would agree to transfer this financial support, up to the remaining repayment term, as would be required by any change in the bank. PTZ. The transfer of a loan at zero rate then implies losing its free status in favor of a conventional interest-only loan.

Can we exclude it from credit redemption?

Can we exclude it from credit redemption?

In other words, can one finance from another bank and keep its Zero Rate Loan from the bank that made the first loan?

In principle, the answer is “Yes”. Your broker during the renegotiation phase will work to obtain the best rate. It will be necessary to plan a PERTINENT adjustment of the monthly payments of the two loans.

But in practice, some institutions may insist that the PTZ repatriation be weighed in the balance. Unfortunately, in fact, banks can rely on a lack of collateral to impose it.

You are considering a buy back of credits and you have a PTZ subscribed, during a first mortgage? Ask for the help of a broker, to help you negotiate this transaction: on the one hand, you have every interest in avoiding the transfer of this zero-rate loan, on the other hand, the bank will do its best to obtain its transformation into interest-bearing loans, logically more profitable for it except in the case of an interesting rate. It is important to look at the total cost of credit and to compare the savings achieved. Here, the broker’s know-how and negotiating skills can make a difference.