Mortgage broker
Your shortest way to the best real estate financing
A credit broker is a service provider that refers consumers to lending institutions and banks. The mission is to assist you in finding a suitable mortgage loan for your financing needs.
Your need for these services arises from the number of banking products and credit offers on the market. The main difficulty is to keep a comprehensive overview of this diversity. However, the credit intermediary takes care of this for you.
Professional advise
At the time of your loan capacity analysis and before submitting your loan request to credit institutions, a loan broker must consider which instalment amount you can afford and what term is acceptable to you.
More than one bank
A credit advisor must work with various partnering banks, and he submits your loan request to them. To do this, the service provider prepares your loan application, reflects your life plans and the necessary details about your personal & financial situations, and the desired loan amount calculated together.
Professional advise
At the time of your loan capacity analysis and before submitting your loan request to credit institutions, a loan broker must consider which instalment amount you can afford and what term is acceptable to you.
More than one bank
A credit advisor must work with various partnering banks, and he submits your loan request to them. To do this, the service provider prepares your loan application, reflects your life plans and the necessary details about your personal & financial situations, and the desired loan amount calculated together.
Tailor-made service
A credit broker can do a lot for you. He advises you, has contacts to the credit institutions and knows where to find the most favourable conditions for your financing. He will also show you which terms, instalment amounts and repayment duration he considers the most advisable according to your profile.
Save Time and Effort
Competitive interest rates
Because loan brokers have access to a wide variety of lenders, they can negotiate favourable interest rates on your behalf. They can help you save money in the long run by finding the best interest rates for your financing. The banks issue a loan proposal with their best conditions, as they know that a broker also put them in competition with other banks.
You have the last word
Furthermore, the credit intermediary ensures a fast-tracked analysis of your application. He knows how to optimally prepare the loan application and avoid delays in its confirmation. Thus, the loan broker offers you numerous valuable services for your real estate financing.
- preparing your loan request documentation
- clarifying your needs
- setting meetings with the local banks
- understanding their available products
- distinguishing the benefits and the risks
- following up each request with each bank
- completing documentation specifically to each bank requirements
Once you have reached the step of obtaining several banks offers by yourself, it is now time to make your calculations, so you can compare one to the others, and make some leverages to eventually renegotiate relevant offers. And remember that it should be done within the timeframe set by your compromise, not to lose your real estate project with potential penalties.
How do we do it at fidem.?
We consider interest rates as the tip of the iceberg of a loan contract and its structuration – security vs flexibility vs protection – is the invisible part, but also the most important during the loan lifecycle.
As independent mortgage brokers, fidem is on the side of its clients to represent their interests to the banks. Our recommendations are not influenced by the credit institutions’ interest.
After contacting fidem, you will have a dedicated contact person that will guide throughout the full loan process.
If you start or are already in active search mode, fidem will provide you with a buyer certificate confirming your borrowing capacity for your offer for the seller or the real estate agent. This certificate demonstrates your solvability, makes you a step ahead over the other potential buyers, and often leads to a successful “Compromise” (Sales agreement).
When you have signed the “Compromise”, fidem collects all the necessary documents and prepares your loan request for submission to credit institutions. After receiving their offers, fidem identifies the relevant conditions from each proposal, makes transparent recommendations according to your preferences, and then you know why your loan contract is the best solution for your home financing.
How do we do it at fidem.?
We consider interest rates as the tip of the iceberg of a loan contract and its structuration – security vs flexibility vs protection – is the invisible part, but also the most important during the loan lifecycle.
As independent mortgage brokers, fidem is on the side of its clients to represent their interests to the banks. Our recommendations are not influenced by the credit institutions’ interest.
After contacting fidem, you will have a dedicated contact person that will guide throughout the full loan process.
If you have not identified a real estate project yet, fidem will provide you with an assessment of your borrowing capacity by establishing your personal cashflow situation and the financial plan of the project.
If you start or are already in active search mode, fidem will provide you with a buyer certificate confirming your borrowing capacity for your offer for the seller or the real estate agent.
This certificate demonstrates your solvability, makes you a step ahead over the other potential buyers, and often leads to a successful “Compromise” (Sales agreement).
When you have signed the “Compromise”, fidem collects all the necessary documents and prepares your loan request for submission to credit institutions.
After receiving their offers, fidem identifies the relevant conditions from each proposal, makes transparent recommendations according to your preferences, and then you know why your loan contract is the best solution for your home financing.
Why to choose a home loan broker?
- The process is fast, efficient and the least unbureaucratic.
- You save yourself the trip to all the banks and the associated time, effort, and multiple follow-ups with each bank that you have contacted.
- You only must share your personal data and submit the required loan documents only once with your broker.
- The probability of success that your broker will find a suitable loan offer for you is the highest. You will not miss the best bank product matching your needs.
- Banks are committed to offer their best conditions to brokers, because they are always put in competition with all the other banks.
- Broker’s services are at low cost or for free.
How to choose your best broker?
Is the mortgage broker registered with the local regulator (CSSF)?
- Every real estate mortgage broker has to be registered and have an active license issued by the Commission de Surveillance du Secteur Financier (CSSF).
Is the service only free of charge in case of signed loan contract?
- As already mentioned, one of the most important criteria for reputable providers is that they do not demand any money from you in advance, or at all.
- A transparent broker will point out the hard limits of suitable banks and the impact of the monthly repayment on your recurring incomes. The success of your loan negotiation always depends on the individual case e.g. your income, existing financial obligations, age and down payment.
Does the broker take your personal preferences and life plans into consideration?
- A broker has no obligations to inquire your personal preferences and brokers focusing on quantity over quality would rather avoid this time-consuming approach. A professional broker will not avoid these aspects as it can significantly leverage a competitive loan structuration.
Does the broker tell you that collateral is important?
- Only questionable advisors claim that collateral does not matter. Potential collaterals include your own income, a guarantee, savings, real estate or a second borrower. If advisors make you only focus on the interest rate to recommend an offer over the other ones, the level of service quality becomes questionable as well.
- Providers with unprofessional websites, limited explanatory contents, inconsistent online presence, or lack of transparency in their services terms and conditions should be alarming to you.
Are there positive reviews?
- Successful and reputable service providers have appropriate and explanatory references. But beware: there are also fake reviews and seals of approval. It is best to get different opinions, for example, in independent forums and from the consumer centre.
Does the credit broker propose both online and in person meeting availabilities?
- Transparent and modern providers should be able to propose both approaches for meetings and be available to answer your questions.
Be sure to go through this checklist before choosing a particular loan broker.
Why to choose fidem. as your home loan broker?
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fidem work is compensated by the bank you choose. That is why we are interested in negotiating not just any offer, but the best offer for you.
One meeting with fidem replaces multiple bank appointments.
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fidem is your golden ticket to a wide range of financial institutions in Luxembourg and abroad. We have access to all loan products, and we make sure that we match the right home financing with your needs.
Dedicated and licensed professionals
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fidem is licensed (as independent credit intermediary entity by the CSSF. As one of leading mortgage broker company, we have highly educated advisors with a strong experience in financial sector in Luxembourg. Our goal is to give you the best recommendations for your home financing solution.
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fidem gives you transparent feedback at the first meeting, clearly identifying and explaining the limits of your credit application with factual numbers. False hopes are a time loss for you and for us as well.
Your Life plans, our first priority!
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fidem cares about matching your life plans with the applicable obligations from signing a mortgage loan contract. We consider your future needs, the guarantees to provide, and the conditions arising from the banks offers, e.g. any required life insurance.
Designed for your best understanding.
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fidem content is constantly evolving. We reflect your needs to provide the most transparent understanding of your loan assessment and application process on our website and social media.
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We proudly believe that our clients’ reviews reflect the quality of our services. There are the best rewards for our expertise and our dedicated involvement.
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You want to know what other customers say about fidem? Have a look at their reviews on Google and on Trustpilot.
Digital, online and IRL.
- As a fidem client, you will appreciate our prompt response and our availability outside the traditional bank opening hours. Do not take day-offs to prepare and negotiate your mortgage. fidem is a paperless loan broker, you will have 24/7 access to your secured client folder to facilitate data transfer. To analyse, discuss and review your loan process, we can meet online and available IRL (in-real-life).
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As independent broker, fidem helps you navigate through the full loan process. We provide expert advice every step of your real estate project. We are not tied to any bank, our goal is to find the best financing solution for your project. Thus, unlike a bank advisor, fidem not limited to any specific bank and their products.
You are not married to your bank!
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If you are searching for a home financing solution, we are now experiencing the “product complexity jungle”. The recent market evolutions make necessary to compare the different bank loan products more than ever, fidem is your free guide across this jungle, and your free guide also negotiate the best conditions for you.
Best offer at first shot
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Banks are committed to fidem to deliver their best offer, and they know that your credit request has been sent to their competitors.
KEY TAKEAWAYS
WHY TO CHOSE FIDEM AS YOUR MORTGAGE BROKER:
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