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May 3,2019

Appealing to a broker for his real estate project

The profession of broker derives from the banking activity and in particular the mortgage. This professional serves as an intermediary between future borrowers and lenders. Brokerage remains a little known activity in France. With the advent of loan renegotiations and low rates, brokers have a bright future ahead of them. But what does the broker’s business consist of? And what are the advantages and disadvantages of using this professional?

The profession of real estate broker

To save time, borrowers are turning more and more to mortgage brokers. These professionals, often from the banking sector, specializing in finding competitive rates across all existing banking structures.

Time and money are saved by the client, even if the cost of the project is increased by the broker’s commission.

They can be salaried or independent.
Brokers also have agreements with the banks. The more customers they bring, the better the rates offered. The broker accompanies the client in the steps, until the signature of the loan and the notarial act.

Generally, the cost of remuneration for the service is around 1% of the amount borrowed. Some are even completely free for the customer, the latter charging this sum to the banks as intermediation fees.

Signing a mortgage with a broker: the benefits

More and more consumers want to make a mortgage to become an owner.

As part of a first acquisition, they often appreciate being accompanied by a professional guiding them in this purchase. The broker will then advise his clients and bring them various loan offers tracked from the lenders. As there is no need to take the steps himself, the customer will gain a significant amount of time.

Because of their important network of knowledge, brokers will not only save time but also money for the client. Some brokers have many files on the same bank, so they are more likely to provide you with a favorable rate.

The disadvantages of brokerage

brokerage

The start of the process may have some disadvantages. Because of the many files it deals with, the broker may take quite a long time to initiate the concrete steps of research with banks. He will also have all the necessary documents to set up the loan but also learn about many questions, motivations, and desires of the client.

The choice of a broker must be done with reflection because once the contract is concluded it will be very difficult for you to retract. In case of change, your new broker will not have the right to question the lenders already contacted by the previous one. The fees are also a brake on the intervention of a broker.

The most interesting for the customer is to solicit banks themselves at first, then in case of dissatisfaction to turn to a broker.

He will be able to play his contacts and his preferential rates on the basis of proposals already obtained.

by Tracy Sullivan

Apr 18,2019

Can I repay the loan in advance?

The bad news is that you have debts, but the good news is that you have a little extra cash on hand. But here comes the doubt: is it better to pay your loans early or just keep making your normal monthly payments?

To make the right decision, it is important to evaluate what you get out of a loan in relation to the cost of keeping it. You may even save a bit if you eliminate debt early, but it is not always the best thing to do.

To help you decide, let’s discuss some of the payments and the possibilities of repaying the loan in advance! See also:

Why pay the loan in advance?

The best reason to prepay a loan is to save money and stop paying interest. Interest actually does not buy you anything, except the ability to have access to a high amount and be able to pay slowly.

Some loans can drag on for 30 years or more, and interest costs certainly add up over time. Others, such as online personal loan, may be short-term, but high interest rates may end up weighing. With high-cost debt (like most credit cards), there’s no question: paying the least is a bad idea.

And why not pay…?

And why not pay...?

However, the economy does not always pay off the loan in advance. That’s because when you pay early debt, you can not use that extra money. This can mean that you enjoy less luxuries in your monthly budget, or you end up with a smaller reserve (making it harder to pay for “surprises” expenses).

In addition, you pay a cost of opportunity: you will have to find additional money to put toward other goals (retirement or down payment in a home, for example).

And once you pay off debts, you get stronger financially. Let’s explain: The credit score is the score that you have in front of the financial market and what many banks and financiers evaluate when giving services to you. The more debt you get and pay on time, the better your score will be. And as you take out your loan, the stronger you get.

But then, what to do?

Some people hate debt. They repay the loans as quickly as possible – even if it does not make the best financial sense. It’s okay as long as you know why you’re doing this.

You can not put a price on happiness. Maybe you want to eliminate debt before you retire, or you’re tired of making monthly payments, and then repaying the loan in advance is even the best option.

Now that you know what happens when you repay your loans in advance, you will probably be ready to make a decision. If so, call or email your lender and ask how to do so that your payments are properly credited to your account and so you know exactly how much you can save.

If you want to pay the advance loan here, for example, you can log in to the customer area, generate a ticket with the date on which you want to make the payment and normally discharge it at any bank.

by Tracy Sullivan

Apr 2,2019

Features of a Good Cash Loan

For sure we are perfectly aware that there are no problems with borrowing money. Much bigger obstacles can only begin when paying your debts. Then, unfortunately, we can say that we could choose the cash loan more carefully, then our interest might not be so high.

How to find the best product?

First of all, we should not be guided by the pressure and the desire to get quick cash. All hasty decisions can unfortunately end up not very interesting. Therefore, first you need to carefully determine your criteria, what are our expectations for cash loans, as well as for what we need money for. We must also not forget that the loan will not pay off itself. And although the bank has been checking our creditworthiness before, we know exactly what our lifestyle is. Are we, however, extravagant people, but whether we can save and have no problem with reaching the next payment.

After determining these few important details, we can deal with cash loans alone. Certainly, free loans are good loans. For this purpose, it would be optimal to browse each offer separately. However, who has the time right now? Not to mention the fact that banks that offer cash loans are really a lot. To facilitate the procedure for choosing the most advantageous loan, we can have a financial comparison. It is a tool thanks to which we will find out what are the general conditions proposed by the most popular bank branches.

Elements of good cash loan

The optimal cash loan should of course have a low real interest rate. A low APRC ratio indicates very low loan costs. In the end, it includes commission, margin, interest rate, and often also insurance. Most often, the cash loan is characterized by APR from 8 to almost 40%.

It is worth reading in the details of the offer, because some banks are able to reduce or eliminate fees associated with the commission. The condition for this is, for example, setting up a personal account, or buying a policy. It is also worth trying to negotiate the terms of the loan agreement directly at the branch office of the bank.

by Tracy Sullivan

Mar 21,2019

How to Consolidate Loans? Important Principles of Consolidation

How to consolidate loans? How to do it wisely and at the same time effectively?

In this article, I discuss important consolidation principles that will help you get the most benefit. Read a few tips on how to reduce your installment and get rid of debts in a quick and effective way.

Currently, the financial market abounds in a wealth of loan and loan offers that can be used to finance any purpose. As a result, saving on a car, TV set or an exotic trip was not unfashionable, and even uncomfortable. We want to have everything quickly. At the same time, we are going to the easy way and prefer a small monthly payment to fulfill our dreams of a loan rather than to save money. Of course, this favors over-indebtedness. In addition, it fosters competition, causing banks to even fight for the client, offering more and more attractive loan terms.

Some basic principles of consolidation, which you should read

In life, however, there are unforeseen situations such as illness, for example, making repayment of several loans at the same time becomes burdensome. Apart from the shortage of funds to cover current installments, you should also remember about several different payment dates for installments. Then, the best solution for which you can reach is often a consolidation loan. When deciding on this solution, you should know how to consolidate loans reasonably and at the same time effectively.

Do not allow arrears in payment of installments exceeding 30 days

When you want to consolidate your commitments, you must do so early. Start acting as soon as you start to have problems with paying off a few or a dozen installments a month. As soon as the installments become too heavy, you must immediately think about consolidation, that is, connect them to one lower installment. The speed at which you take action is very important due to possible delays in repayment of installments, which can not exceed 30 days. If you allow delays in repayment of more than 30 days, you will have to take into account the possibility of refusing a consolidation loan.

Choose the best consolidation loan to reduce costs and maximize benefits

Do not take another cash loan to cover current installments

You can not make a worse mistake than take another cash loan or loan to repay a few or a dozen installments. In the face of obvious financial deficiencies that prevent covering current installments, adding them to the next one is the easiest way to fall into a credit spiral. An even worse solution is to take a moment in this situation, which is expensive and will solve the problem only for several dozen days. Remember this and want to pay off your debts, act wisely and do not take another one in the meantime.

When consolidating, do not choose extra cash for any purpose

The principle of consolidation of loans is based on combining several loans into one, whose repayment is spread over a longer period of time, thanks to which you will receive a lower installment after consolidation. After paying off your debts and reducing the burden and installments, your creditworthiness increases. Do not squander it, getting involved in a reckless way in choosing cash, which will spread to small pleasures. Banks are not interested in losing customers and for this they offer you additional cash for consolidation for any purpose. In this way they will deprive you of creditworthiness and bind you eventually.
I assume, however, that you are serious about consolidation and you want to conduct it sensibly and at the same time effectively. I hope that you want to get rid of burdens, regain financial liquidity and improve your situation. Therefore, matching cash is not the best option, because as a result of this step you will lose what is the most valuable in consolidation, i.e. lowering the installment. By choosing cash, you will not reduce the burden, and only unnecessarily extend the repayment time.

Summary

How to consolidate loans? To do it wisely, and at the same time effectively avoid rash:

delays in payment of installments over 30 days,
repaying credit with a loan,
peeling extra cash for any purpose.

I hope that this article has explained to you how to consolidate loans reasonably, so as to achieve tangible benefits and maximize the opportunities offered by this solution. Consolidation of loans is an ideal solution for indebted, you just need to follow a few simple rules to be effective in debt relief.

If you think that I have missed an important aspect or would like to answer any questions regarding consolidation, write to me in the comment under this article. I will answer all your questions as soon as possible.

by Tracy Sullivan

Mar 15,2019

Easy Economic Cash Loan

What Are The Loans And Financing Of CAIXA?

caixa economica federal 3 1
The Caixa Economico Federal currently has a range of financial products that fit every type of profile and needs of its clients, among which we highlight the ” CDC Crédito Directo CAIXA, Personal Credit, Paid, Consignments, Special Check, Employment and Income Generation , FIES educational credit, Crediário CAIXA Fácil, Financing of Vehicles and other assets, Credit Contribution, Anticipation of 13 °, Anticipation of Income Tax and Personal Loan, Loan for retirees and many others .

The request and contraction of loans and cash loans have a simplified, fast and uncomplicated process in the release. The conveniences of CAIXA are many, the discounts of the installments of the installments can be direct in the current account or savings, automatically in the payroll or still per detailed monthly invoice, the deadlines are ample and facilities for early debt settlement.

Most Brazilian citizens already know the partnership that CAIXA Econômica is keen to have with each client, several financial products for the realization of dreams and projects, immediate financial assistance when there are contingencies and emergency expenses.

If you are a bank customer, look for your agency or access internet banking and request one of the CAIXA loan lines in a variety of ways. For retired and pensioner of the INSS, CAIXA provides the payroll deductible loan in the benefit to facilitate the realization of projects with the best interest terms with payment terms of up to 60 months.

by Tracy Sullivan