With a financial intermediary you can only win!

What exactly does a financial intermediary do? This person connects you with banks. In return therefore, he gets his share of the donor´s commission when the contract is concluded. Usually, this commission fee amounts around 1 % of the sum lent and this point will be revealed in your loan contract. When officially compairing interest rates, financial intermediaries almost always hold the top position. For what reason they have such a good ranking?

A financial intermediary does not only bring applicants and banks together, but he takes care of all necessary documents and prepares them, whereby the funders save a considerable amount of administrative efforts and costs. This in turn, will be rewarded by banks and insurance companies in the form of good credit conditions. In case you are not just focused on a specific donor, the intermediary can fall back on dozens of banks and insurance companies which work with this type of business model and which will find the most beneficial building capital for you. One study shows that in 2018 only one out of fifteen bank offers was better than the intermediary´s offering. This fact by itself demonstrates, how important and profitable it is to find an intermediary in addition to the principal bank. As you will see: You can only win!

 

Do you have any more questions?

An individual consultation appointment can be arranged by contacting us:

Phone: 0721 – 56 42 42
E-Mail: info@FinanzierungsExpert.de or just use our information contact form provided on this website.

Information about the author:

Alexandra Schneider is a certified bank business administrator and she writes about up-to-date topics, for FinanzierungsExpert.

 

Repayment – the most important things about it

When it comes to affordable property financing, interest rates are often regarded as the most important element. However, if you consider the whole issue, then you will realize that repayment is also an important point. By means of redemption, you are in control of two things: How long the loan agreement will last, and how high the interest rate should be which must be transfered to the credit institution. In the event of a contract conclusion with the relevant bank, a monthly annuity will be set. Speaking of annuity, it represents a payment variable depending on interest rate and duration through which the initial credit amount including the interest rates will be repaid, during the loan term. Annuity consists of a interest portion and of a repayment amount. While the interest share and the repayment portion vary, the amount of annuity remains constant throughout the entire term.

Due to the constant redemption, the residual debt of the loan will decrease month by month. Whereby the initial high interest portion will diminish. This interest saving will automatically flow into the repayment.

So far, so good. To state the interest rate as high as possibly, would also be a mistake, just like setting a extremely low rate. Financial margins for building up savings as well as unpredictable costs should always be covered by monthly liquidity. And last but not least, you also want to enjoy life. Please consult our experts. They will assist you. By doing so, they will create the best balance for you.

 

 

Do you have any more questions?

An individual consultation appointment can be arranged by contacting us:

Phone: 0721 – 56 42 42
E-Mail: info@FinanzierungsExpert.de or just use our information contact form provided on this website.

Information about the author:

Alexandra Schneider is a certified bank business administrator and she writes about up-to-date topics, for FinanzierungsExpert.

 

 

We will check out your house bank´s offer

You would like to buy a property and that is why you are now looking for financial solutions? Therefore, we recommend you to take action: Those who wish to bond eternally should check the matter!

As property prices rise, the amount borrowed increases at the same time. Correspondingly, small improvements of conditions lead to hugh savings on interest rates.

By using a portfolio out of 300 banks, we will check out whether your local bank is the one which fits the best for your project, or whether there might be other banks providing much more attractive conditions. We are really looking forward to supply you with the best and most favourable financing solutions.

 

Do you have any more questions?

An individual consultation appointment can be arranged by contacting us:

Phone: 0721 – 56 42 42
E-Mail: info@FinanzierungsExpert.de or just use our information contact form provided on this website.

Information about the author:

Alexandra Schneider is a certified bank business administrator and she writes about up-to-date topics, for FinanzierungsExpert.

 

Customizing your construction financing

Speaking of construction financing, you probably think of a conventional mortgage loan at first. Certainly, this forms the foundation for your property financing. In our opinion, the following elements should be definitely taken into consideration and should not be left out: building loan contract which provides flexibility, secured interest rates at all times, and in addition, a support programme from a state bank such as the KfW Bank, at which you obtain extraordinary beneficial rates and where you potentially are entitled to receive subsidies.

We are glad to advise you in detail about the various options and modalities. By doing so, we will create, together with you, a customized finance package.

 

Do you have any more questions?

An individual consultation appointment can be arranged by contacting us:

Phone: 0721 – 56 42 42
E-Mail: info@FinanzierungsExpert.de or just use our information contact form provided on this website.

Information about the author:

Alexandra Schneider is a certified bank business administrator and she writes about up-to-date topics, for FinanzierungsExpert.

Changes at the KfW Bank

As from 1 June 2019 on, there are some changes at the KfW Bank. At this point, we have put the relevant informations together for you:

1. KfW-Programmes: Reduction of the commitment fee to 1,8%, per annum.
The KfW Bank has lowered the commitment fee from 3% to 1,8%, per annum (0,15% per month).

2. Energy-efficient construction and renovation (151/152/153): Extension of the commission-free period from 6 to 12 month
The KfW Bank has extended the commission-free period from 6 to 12 month. In case of credit amounts, the KfW Bank will therefore charge commitment fee, only 12 month after the commitment date.

3. Child benefit for building (424): Extension of the application period
The application period extends up to 17 Mai 2019. And the application deadline for child benefit regarding building is extended from 3 to 6 month.

Do you have any more questions?

An individual consultation appointment can be arranged by contacting us:

Phone: 0721 – 56 42 42
E-Mail: info@FinanzierungsExpert.de or just use our information contact form provided on this website.

Information about the author:

Alexandra Schneider is a certified bank business administrator and she writes about up-to-date topics, for FinanzierungsExpert.