How to proceed to find the suitable financing partner?

Why is that the case? Because intermediaries can theoretically draw on more lenders?

Exactly. We already had an offer from our house bank when we went to the intermediary. He looked at it and immediately said it was very good and suspected that he wouldn’t get a better one for us, but he would try. Already the next day he called us and said we should accept the house bank’s offer, as in our case it was actually unbeatable.

The fundamental problem is: no one knows exactly who/when/why/... gets which conditions. Through the broker, the chance increases by coincidence to find exactly the bank that offers the optimal conditions for your individual situation at that moment. A financial advisor was recommended to us by friends, who then spontaneously brought up the tip about the SAB Bank, even though he does not earn a commission from it.

The basic problem is: no one knows exactly who/when/why/... gets which conditions. Through the intermediary, however, the chance increases by coincidence to find exactly the bank that offers the optimal conditions for your individual situation at that moment. A financial advisor was recommended to us by friends, who on his own initiative then brought up the tip about SAB Bank, even though he does not earn a commission from it.

In that sense, is it then not wrong to also consult a loan broker like Interhyp after visiting the house banks?

In that sense, you can't really do anything wrong by consulting a loan broker like Interhyp after visiting your house banks?

Exactly. It's no problem. If he would normally inquire at your house bank anyway, he simply doesn't do that in this case. There are still plenty of other banks available.

I need to elaborate a bit. We financed our first house with an intermediary loan from the Commerzbank in Flensburg. The bank is 110 km away from us, everything was done by mail, fax, or phone. It worked as long as you stick to the routine and fax invoices, which they then paid promptly. Small remaining amounts were then paid out to the checking account at the end. So far, so good. Now we have financed with our local cooperative bank, where we also own shares. We didn’t even compare. The advantage was that it went beyond the usual routine. Half of the amount was secured by a capital life insurance policy from 1985 maturing in 2018. An ancient long-term policy with over 5.4% interest. Great thing. For this part of the loan, they didn’t even register a mortgage, it was interest-only because it was repaid in full at maturity through the life insurance, which we didn’t even have to assign, just promise to use it for repayment. The word counted. The rest of the loan, the other half, was a classic annuity. Here, too, uncomplicated things happened. For example, I got 5,000 cash from the loan to take to Ikea to pay for the kitchen. Or 2,000 cash to pay for the vinyl floors, adhesive, and baseboards at the pick-up market. All this is possible when you know each other and there is proximity. So, that can also be worth something and make up for 0.05 interest. K.

I came to Interhyp on recommendation, colleagues were very satisfied with the local advisor. She immediately knew which institutions were even worth considering and quickly found a reasonable financing solution (despite 95%, single parent, fixed-term contract). I kept wondering all the time whether I should also go separately to my house bank, where I have been a trouble-free customer for over 20 years. In the end, I didn’t, as the house bank was not mentioned as an option by her either. The sellers put a lot of pressure on me (allegedly there was competition in the running), and since suitable properties are very rare, I more or less gave in to that and hurried up.