With our first post, we would like to welcome you to the Mortgage Broker Guide. This website was founded with the idea of creating an independent comparison site that compares the growing number of loan intermediaries. As a consumer, it can be difficult to know which loan brokers are serious and where to get the best loan broker. The idea is that we will facilitate your choice by providing an independent comparison of Sweden’s most popular loan intermediaries.
What is a Mortgage Broker?
A loan intermediary helps its customers to develop individual loan offers by contacting a number of different banks and credit institutions. The idea is that the banks will compete to get you as a customer by offering their best interest rates and terms.
Loan brokerage services are an industry that has grown significantly in recent years, which is no wonder given that banks in Sweden apply individual interest rates. As a consumer, it can thus become almost impossible to know at which bank you get the best interest rate. At the same time, as a consumer, the worse the credit rating, the more banks you ask for, as all banks take a credit report from the Information Center (UC) to assess the customer’s credit rating. In the end, it may be the number of credit reports that cause the bank to decline.
Private loans and mortgages
At the Mortgage Broker Guide you have the opportunity to compare mortgage brokers for private loans and mortgage brokers for mortgages. Private loans that are brokered are so-called blanc loans, ie loans without collateral. Without security, you do not have to pledge any property and you can use the money for exactly what you want. Private loans are generally used as consumer loans, that is to say, for example, car purchases, boat purchases, renovations or weddings. With most loan intermediaries you can borrow between USD 5,000 – 500,000 and choose a repayment period between 1 – 15 years.
Only licensed loan intermediaries
At the Mortgage Broker Guide you will find only loan brokers registered with the Swedish Companies Registration Office. Registered loan intermediaries are under the supervision of both the Swedish Financial Supervisory Authority and the Swedish Consumer Agency, so you can feel safe applying for a loan from a loan intermediary compared to us. Unfortunately, there are unfortunately few loan intermediaries offering mortgage services, so we will keep an eye out for more loan brokers and expand our compilation soon!