Benefit from the best rate for a mortgage loan.

Any borrower is looking for the best rate. And this is quite normal since the interest attached to the mortgage represents more than 60% of its total cost!

To find the best rate, you have two options. You can try to go around all the banks for yourself to have an overview of the market, or go through a mortgage expert who will negotiate with you the best existing mortgage, and therefore the best rate? 

This second option is the best because a mortgage broker will surely obtain preferential conditions compared to an individual who would go around the banks by himself. The reason is simple: it is its volume of business, which an individual does not have, which allows him to negotiate the best conditions!

You will never get such a good result by yourself.

The best rate guaranteed by your mortgage broker

The best rate guaranteed by your mortgage broker

Today, you should know that the credit conditions are negotiated by the headquarters of each of the banks and no longer by the bank branches directly. Bank advisers have no power over mortgage rates and do not necessarily make an effort to get you good conditions because they are no longer paid on the establishment of a mortgage!

Your mortgage broker is in close contact with the headquarters of each French bank, which grants them preferential conditions in terms of their business volume. He will therefore certainly get you rate discounts that no individual could obtain by himself !

It should be noted that all mortgage brokers have the same rate grids. The aim is to avoid unfair competition between them. A nationally renowned brand cannot offer you a better rate than an independent, local broker.

It is mainly on how they will use these rate grids that we must focus. Some brokers perfectly master specific techniques and arrangements that will allow you to obtain the best rate for a given mortgage… and others do not!

The best broker to get the best rate

The best broker to get the best rate

You will understand, it is the man to choose rather than the sign . But how do you recognize THE broker who will negotiate the best conditions for you? Very good question ?

You have to trust your instincts … but not only! Here are some techniques to use to find your broker:

  • Contact one or more brokers by phone to get a first estimate of the feasibility of your project. You will easily see if your contact is professional or not when he presents his way of working.
  • A broker who directly announces the rate he could get you without explaining the method he uses to find it is not necessarily a good broker! Questioning the banks’ tour cannot unfortunately be done without a telephone conversation. It is necessary to study your file in detail before knowing which banks will be best able to position themselves on your file and grant you the best conditions.

Warning ! This technique is simply to make you dream to earn your trust!

  • Meeting a real estate loan broker physically is almost essential. You will be able to see the universe in which he works. If this is reassuring, it’s a good sign ? If he takes the time to meet with you, that his presentation is good and that he determines with you the financing plan that suits you best before explaining his method of operation is even better! The fluidity of his speech will also be an indication of his professionalism.

To know! An online broker often just sends your coins to a bank advisor. This one having almost no power on the rates, the conditions which you will obtain will often not be the best… It is not for nothing that they are often free!

  • Pay particular attention to the broker’s fees . All brokers are paid in two different ways:
    • By customers via fees
    • By banks as a business provider.

Take special care not to pay fees that exceed the administrative costs that a bank could charge you if you go through it directly (between 800 and 1200 $).

One last tip to find the best rate! Do not put several brokers in competition. The reason is extremely simple: a bank will consider that the file belongs to the broker who will send your file first. And if the second broker could negotiate better conditions for you in this same bank thanks to his expertise, he will be opposed to taking charge of your file.

Debt trap: subscriptions


Subscriptions for media

Subscriptions for media

What subscriptions do you get? Mostly it is mainly the daily newspaper, but also a TV magazine. Fashion journals, motorcycle and car magazines, handicrafts and DIY, as well as political and scientific media are also included. These products end up in our mailbox, we often hardly get to read them.

Subscriptions on the Internet

Subscriptions on the Internet

Another item concerns the Internet. We not only receive free newsletters and advertisements, but may also have a subscription for the regular delivery of books, CDs or DVDs that we can borrow or buy; sometimes the return is forgotten, and there is already a new product in the house that we actually did not have and did not want to pay for. Above all, we don’t need it.

The daily newspaper can also be read online, but most articles are only available for a fee. Anyone who makes a long-term booking here and with other media has similar costs to the products in the mailbox. The money leaves the account almost unnoticed, but before the end of the month there is no cent left or the account is in the red.

Subscriptions via cell phones

Subscriptions via cell phones

Subscriptions are also concluded via the cell phone, for example to ringtones. These are also debited using prepaid cards. Money is already running through our fingers at this point.

The only way: check and cancel subscriptions

Anyone who uncontrollably raises costs in this way can only get back into the green zone in one way: It is important to check every single item on the bank statement very carefully, also to check annual contributions and, in case of doubt, to cancel many subscriptions quickly this is feasible.

Consider alternatives

Consider alternatives

It helps to consider which subscription has priority and which is dispensable: How many newspapers and magazines do you really read through thoroughly so that the purchase is worthwhile? In addition to the daily newspaper of the hometown, must there be national media? Can’t you get the cultural and travel tips in other ways? Do you need so many new ringtones? Are you watching all the DVDs you get? And do you read all the books? A library card is often much cheaper, the selection of media here meets almost all needs, including the latest newspapers.

Habits versus benefits


Understandably, we do not like to give up many subscriptions, have been acquiring the data or products for years and do not want to do without the habit. On the other hand, such considerations must not lead to our account constantly showing a minus – after all, essential things are much more important than most information. Even many subscriptions for professional reasons are dispensable, because we often fail to read them. With some good money we could instead afford a nice long weekend to relax one day, when the cash register is right again.

Subscription debts are one of the unnecessary consumer debts that cost a lot of interest and should therefore be avoided!