Pierre

Aug

21

iLluStraTioN!

Filed Under Daily

I just want to show my brother how much it costs him to get professional help instead of talking to banks directly for FREE. Indeed, 2 banks immediately accepted my proposal to align themselves to the current lowest rate 2.7%. They always propose by default a higher rate.

Taux  (%)               2.7            2.8            2.9            3

Cost                       20496     21161        21831         22502

Broker’s gain           0             665            1335           2006

The bank will pay the professional each  0.1% they are making from my brother who will pay it back through the rate each month.

So the professional’s advice to my brother: “do not talk to banks directly and let me do my job”. I surely would give the same advice if it was my job.

RATE calculator: LINK

Comments

Leave a Reply