The profession of financial broker is still little known. His intervention is however useful, even crucial for obtaining a loan from a banking or credit institution in order to make an investment, real estate for example. I invite you to discover this profession as well as the 3 main reasons that should lead you to use the services of where financial broker.
Before going directly to the heart of the matter, it is important to define what a financial broker is and what his role is. It is an intermediary between the person who wishes to take out a loan and the bank or financial institution.
The broker is in contact with various banks and knows their interest rates, their conditions as well as their criteria for your file to be eligible. Thus, they are able to find you the best institution that perfectly meets your expectations and needs. He defends your file with the banks so that you have the best chance of obtaining your loan. In return, he receives a commission paid by the client or by the partner bank.
If you are still hesitating about using the services of a financial broker, here are 3 main arguments that should make you change your mind.
Thanks to the broker, you no longer have to go from one bank to another to compare the offers and the conditions offered. It takes care of everything for you and offers you a report on its partner banks and other interesting institutions.
He will also be able to advise you to find the best offer that benefits you, whether it is based on your work, your income, the interest rate, the investment you plan to make or other conditions imposed by the banks.
The broker is a real specialist in the field of banking and finance. Equipped with specific technical skills, he can advise and assist you in finding the loan tailored to your needs, while revealing the advantages and disadvantages of each bank, which the banker will surely not do.
He will also be with you throughout the processing of your file. Thus, it will help you obtain certain advantages such as the postponement of the due date or the elimination of any penalties linked to the repayment of the loan.
If you decide to take out a loan directly from the bank, the bank charges related to your file can be relatively expensive. Indeed, they can climb up to 1% of the capital borrowed.
Note that if you use the services of a financial broker, these bank charges are replaced by brokerage fees which are much lower. If the broker is a partner of the bank in question, the costs may even be paid by the establishment in the form of commission. Otherwise, his remuneration will be directly included in the value of the loan and automatically deducted once the amount has been obtained.