What you should know about loans

First myth concerns the use of a loan broker

First myth concerns the use of a loan broker

It turns out that the customer usually does not bear the costs associated with using the services of a broker . It is the bank that pays the broker after the work has been done. For the client, the help of a professional turns out to be a big plus because the broker performs some time-consuming activities for us. Importantly, it rewards the broker for the bank. Choosing the most interesting offer for the client is very time consuming. In addition, without fooling yourself – every bank will assure you that it is its offer that is best for you. With the help of a loan broker , you can carefully analyze all offers, compare and actually choose the best one. fastpaths.com for a critique

Favorable loan offer can often be obtained at a competitive bank

Favorable loan offer can often be obtained at a competitive bank

Another myth – many people wanting to take out a loan first go to the bank where they have their account. Borrowers believe that it is at this bank that they will receive the best offer. Unfortunately, this does not always work. Of course, it happens that in such a bank we have a simplified procedure or we do not need to bring an income certificate. Of course, this makes sense in some cases. Loans for people working abroad or having a company headquarters in another country can be a simplification. When we work abroad, the procedure for obtaining an income certificate may take a long time. In this case, simply sign the statement, which greatly simplifies the entire procedure. Therefore, refuting the next myth, we want to confirm the fact that the bank in which we have an account does not honor us very significantly because of this. A more favorable loan offer can often be obtained at a competitive bank.

Suppose you have already chosen the best loan offer . Many people wonder whether the fact that we have an account in the bank of our choice, receive a credit card, insurance, is really mandatory, can it be given up in some way and whether it is useful in the future. We explain – this situation is called cross-selling. In some situations, we don’t need it so much, but it can be helpful. Not every product that the bank wants to include is mandatory. However, some of them, for example a bank account or credit card, help the Borrower reduce the margin – that is the most important element, even a mortgage . This is a very individual situation, but it’s worth knowing that not every product, especially the insurance one, is necessary. Insurance does not have to be mandatory for a loan.