Monthly Archives: December 2019

Home loan comparison – loan for apartment.

If you are thinking of buying or building a property, you are also thinking about financing. This is usually done through a real estate loan, also known as a home or house loan. This form of credit is designed for a long term and usually also results in a hedge through an entry in the land register. But what actually happens when the property has already been paid for and there are major renovations?

These can also be very expensive and often cannot be realized without a loan. However, this is not a real estate loan, but a residential loan. This special form of credit has been devised precisely for these cases. The conditions differ from those of the house loan and a land register entry is also not provided here.

Loan amount and term are significantly shorter

Loan amount and term are significantly shorter

A home loan is intended to help property owners to carry out necessary work on their own house. In contrast to a real estate loan, the interest rates are somewhat higher here, but there are no other costs. Since no entry in the land register is required, the fees due for this are also not payable.

Furthermore, it is not necessary to deal with the matter through a notary. These costs, which are not insignificant, are therefore saved with a home loan. However, there are a few things to consider when applying for a home loan. The approval is thus based on a number of conditions that are not all that different from those of other loans.

The borrower must first be of legal age and have a sufficient regular income. In addition, it is imperative that the borrower have a permanent residence in Germany. If you want to take advantage of the special benefits of a home loan, you must also prove that you own a property for which the loan is ultimately to be used.

Find the right decision with a comparison

Find the right decision with a comparison

There are various options for homeowners when looking for the right home loan. In this regard, he can simply go to his house bank and get intensive advice on this topic. However, this advice is then only focused on the bank’s product and the borrower lacks the comparative offers.

However, there is the possibility to compare residential loans from different providers on the Internet. For this purpose, different comparison portals are available to the homeowner. Here the different conditions of the individual providers are compared and you get an overview of the housing loans from different providers.

First of all, attention should be paid to where the decisive differences can be found. It may well be that the borrower does not have to specify a purpose if he has proven his property ownership. The home loan could also be used for other things that are not related to the property.

Compare, decide and conclude a contract

Compare, decide and conclude a contract

A few principles should also be observed when using comparison portals on the Internet. So it is imperative that you always use several comparison portals so that you get a really meaningful result. Since there is no portal that really compares all providers with one another, no portal alone can provide an overview.

As a rule, the biggest competitors on these portals avoid each other in order not to do badly in a comparison. So it is inevitable to compare the results of several comparison portals. With the offers, you should also pay attention to whether the residential loan is equipped with additional services. This can be not only special repayments but also a break in installments.

With such little extras, the housing loan can be provided with flexible planning. This naturally gives the borrowers a lot of leeway, which enables them to react accordingly in special situations. For this reason too, a home loan is a clever alternative for homeowners that should not go unused.

Loan broker – how can he help you?

The advantages of using loan brokers when looking for financing are many and very helpful. If you are looking for financing for yourself or your current or future company, you may notice that many benefits are associated with the help of a loan broker company. By having a broker on your side, you can increase your chances of finding the best terms and rates, put into professional hands general transaction management and use the skills that these brokers acquired many years ago.


Best conditions and prices

loan broker

The chances are that you only know a few banks that you want to go for for a private or business loan. Most of them are local and are in your area. The problem is how do you know that you are getting the best deal that you can get. Or if your local bank refuses to finance it, what options do you have after this event? By using the borrower’s brokerage or quick online loan services offered at you will have the chance to present a financing application to a wide range of lenders and this will present you with the best possible offers. If you are refused financing from your local bank, the loan broker can often find quite a few alternative types of lenders who will consider financing the loan.


General contract management

money loan

Not only is the matter that loan brokers can help everyone find financing that needs to be matched to themselves or their company, but they can also help everyone find a way to manage their contracts most effectively. This means that you don’t have to make or download so many phone calls, and the documents prepared by professionals will be 100% reliable and checked. By hiring help, you can focus on the things you do everyday to earn, and loan brokers can focus on managing the deal they are looking for.


Use the experience and objectivity of the loan broker!

Use the experience and objectivity of the loan broker!

Although this may be the first time you took part – when it comes to personal financing or business financing, financial intermediaries will have experience in many other transactions, which can be very, very helpful for you in this context. This means that they can help you determine what options are best for you and answer any questions you may have. The more experience a loan broker has, the more likely he is to find a financial situation and a loan option that may be best for you. The broker can also offer objectivity in the whole case, because agents are always third parties in the concluded transactions.

Brokers – regardless of whether you are dealing with business or personal loans can help. They are irreplaceable support in many different types of loans. Regardless of whether you want to expand your current company or buy a new one, or help yourself in a home urgent financial situation – you can be more confident in this process with the help of a broker.