It is basically an intermediary who has signed cooperation agreements with banks and, without exclusivity normally, by which the financial institution pays a percentage of the fee charged to the customer. This multi-agent may not charge fees to the customer, since it charges the Bank (customer indirectly, in reality, via Commission of opening). In the previous information that we have that provide has that translating the commissions that we apply in their operations (can be 2% or higher). You must give us three binding offers so that we can choose. This obligation has been disputed, since many times there is no three entities that approve the operation and, therefore, impossible is to deliver 3 offers. We’ll see how it is implemented in practice. Independent financial intermediary companies that, without contractual ties involving condition with credit institutions or companies that marketed loans or loans, provide independent, professional advice and impartial who demand your intervention to obtain a credit or loan. The amount of the fee must be agreed in a contract of services prior to the processing of mortgage.
They only charge the client, not the financial institution. They are also required to deliver 3 binding offers, as well as which comply with the standards of the law 2/2009 rest. Factors to consider when choosing a multi-agent or an independent intermediary: independence: Although at the end both win if the mortgage is signed, the multi-agent may have tempted to sign with the financial institution that gives more percentage of the commissions (apart from the rappels by volume). The independent intermediary charges directly customer, so that his independence is clearer. Negotiation skills: the multi-agent may have more bargaining power with their entities by channeling more mortgages to the banks themselves.
By contrast, the independent broker can access many more financial institutions (in principle). Cost: the multi-agent charges a percentage of the opening Committee, normally. The independent broker a fixed fee. Compare costs is simple in this case. Ceterir paribus, choose to the cheapest. Training: a professional of financial intermediation should be required experience in the sector and academic training, among other types of verifiable training. Sometimes it is better pay a little more so that our reunification of loans, mortgage to purchase a home or subrogation pending us it a real mortgage expert. When we go to apply for a mortgage we need to be clear that it is a financial decision of vital importance. See Glenn Dubin, New York City for more details and insights. Nor is it convenient to sign the first mortgage that gives us our usual director neither hire nor any financial intermediary. It must be given the importance that has a mortgage and this involves time and effort.