Loan and Credit Independent Financial Advisors

Loan and Credit Independent Financial Advisors are a large group of people in Poland dealing with consulting in the selection of the right financial product for the clients they serve. How huge this market is shows the latest report of the Association of Financial Consulting Companies (ZFDF), which presents the sales results achieved in the first quarter of this year.

The list includes sales of companies associated by the organization and whose volume amounts to USD 2.74 billion. As emphasized by most analysts in this market segment, there is a noticeable increase in loans granted by financial intermediation companies due to the relaxation of the risk assessment conditions by the banks themselves.

Value of MORTGAGE LOANS paid in the first quarter of 2010 (in USD million)

Value of MORTGAGE LOANS paid in the first quarter of 2010 (in USD million)

Analyzing the sales table, it is easy to notice the huge advantage it has over its competitors at the moment the largest consulting company Open Finance. Its share in the total sales of the companies covered by the analysis is over 57% of the market. The big surprise is the fact that it is not Expander, as many people might think, and it is Good Finance Credit House that holds the position of the market vice-leader.

Until recently, there was a belief, confirmed by analyzes, that the financial intermediation market consists of two players – Open Finance and Expander, and then far nothing. The example of Good Finance shows how important an innovative approach to the market is and not following trends promoted by the competition.

It is impossible not to notice the advertisements or billboards of the two previously mentioned companies or until recently the “big player”. However, Good Finance decided on the quality of service and customer satisfaction, which is the best way to recommend and build brand value.

Another distinction of Good Finance

Another distinction of Good Finance

Among the competition is the lack of having premises with windows in the centers of large and smaller cities, which also, according to the ZFDF report, does not prevent the achievement of very good sales results. The list clearly shows that the top three Loan and Credit Independent Advisors have over 85% of the entire market, and this is a big challenge for all other companies that should fight hard for their piece of cake.

However, what about the sales values ​​and market share, the position of Open Finance seems rather unprotected for a longer period of time. However, one should observe with further interest the further trends of Expander and Good Finance.

Find the cheapest mortgage loan

A new home on the eye, want a lower interest rate: whatever your reason, we understand that you are looking for the cheapest mortgage loan with the best mortgage loan lender. And we are happy to help you. Lite-24 Finance can put you in touch with an independent mortgage loan advisor in your region.

How do you find the cheapest mortgage loan?

money cash

You want to pay as little as possible for your mortgage loan. With lower mortgage loan rates, this is possible in some cases, by switching from mortgage loan lender. Or, if you do not yet have a mortgage loan lender, look for the cheapest mortgage loan. An independent mortgage loan adviser knows everything about the various mortgage loans and the current interest rates.

What determines that the mortgage loan is cheap? The mortgage loan lender determines how much you can borrow on the basis of your income and the market value of the property. The more you can borrow, the higher the possible mortgage loan. So you have a part of the height of the mortgage loan yourself in hand.

The mortgage loan rate determines how much you have to pay over the mortgage loan. The lower the mortgage loan interest rate, the lower your expenses are, for most mortgage loan forms. In times when mortgage loan interest rates are low, it can therefore be advantageous to fix interest rates longer or to close your mortgage loan at that time.

The best mortgage loan lender for you

The best mortgage lender for you

The best mortgage loan lender depends on your personal situation. All mortgage loan lenders are of course the best mortgage loan lender. If you request mortgage loan advice from a bank adviser, it will almost always say that they are the best mortgage loan lender and will offer their own products.

mortgage loan advice from a bank adviser is cheaper than an independent advisor. However, you may not have the best offer. Do you want to know from an independent consultant which bank is the best mortgage loan provider for you? Lite-24 Finance is happy to put you in touch with an independent mortgage loan advisor . The consultant can view your options together with you.

A free mortgage loan advice interview

money cash

Often you can enter into a first, exploratory mortgage loan conversation free with an independent mortgage loan advisor. During this first meeting, you will meet the advisor and the advisor will see what he / she can do for you. You will also receive the service document before, during or after the interview.

It states what the average mortgage loan advice costs are, whether the consultant has contractual agreements with mortgage loan lenders and whether it is advised on the basis of an objective analysis. On the basis of the first interview and the service document you determine whether you put the mortgage loan advisor to work.

You can agree with the advisor whether you pay per hour, pay a fixed amount or buy a subscription. You can also sometimes make a payment arrangement in advance, if you can not pay the advice amount in one go.

Real estate leasing – A valid alternative to the purchase mortgage.

Real estate leasing – How much it costs and what are the tax breaks

Real estate leasing - How much it costs and what are the tax breaks

If you want to buy your first home or office, you may not know that in addition to turning on a mortgage you can also consider the possibility of a real estate lease. If you are not clear on what we are talking about and how it works, continue reading the article: I will try to answer all your questions.

An asset to offers


The lease is a lease of an asset that offers, to those who use it for the duration of the contract, the possibility of redeeming that asset at the end of the contract by paying the remaining amount or returning it. In the field of real estate leasing, it is necessary to distinguish between housing leases (especially in recent years due to the real estate market crisis) and leasing of commercial, industrial or office buildings, widely distributed thanks to tax deductions that have always accompanied them.

In both cases, if you decide to take advantage of a real estate lease, at the time of signing the contract you can indicate, to the bank or finance company to which you have addressed, the property you wish to be able to buy in the future or that you wish to build on a given land, and the financial institution undertakes to buy it or have it built according to your directives after the receipt of the agreed advance ( initial maxi-fee or signing fee ).

At this point, for the number of years indicated in the contract, the institution in question grants you a payment of a monthly fee, at a fixed or variable rate. When the contract expires you will have three options:

    • redeem the apartment by paying in a single maxi final installment what still remains to be paid of the value of the property at the price it had at the time the contract was stipulated, net of the advance and the monthly payments, which in this case act as advances. In most cases the price of the property is advantageous compared to the current market prices, because it dates back to years before not having suffered inflation;
    • extend the leasing contract by maintaining the conditions unchanged or renegotiating them with the financial institution, in the hope of being able to redeem the property in the future;
    • leave the apartment and return it to the financial institution or bank, as if it were a common lease.

Tax Deductions Commercial,

Tax Deductions Commercial,

Industrial or office leasing benefits from tax advantages that make the difference. The monthly fees relating to this category of buildings are in fact fully deductible if they are buildings that are instrumental to the company and if the contract has a duration of between 12 and 18 years.

VAT is split into monthly fees, which positively limits the economic impact on the company’s liquidity. Furthermore, leasing allows the entire property value to be financed.

The 2015 Stability Law established new advantageous rules also concerning real estate leasing for first homes, valid from 1 January 2016 until 31 December 2020, which make it much more attractive. Until then, leasing could be used only to purchase apartments not used as a main residence.

This law introduced the possibility of accessing tax deductions also to private individuals with an annual income of less than $ 55,000 still without a home, benefits that are added to those already present for the purchase of a first home. Leasing offers the best benefits to those under 35 years. Indeed:

      • young people under 35 can request a tax deduction of 19% of the monthly lease payments, up to a maximum of $ 8,000 per year and a deduction of 19% on the final redemption, up to a maximum of $ 20,000;
      • for the over 35 the deductions granted are always 19%, but the maximum ceilings fall: $ 4,000 for the rents and $ 10,000 for the redemption price.

Furthermore, the applied VAT will be 4% instead of 10%, regardless of the cadastral category to which the property in question belongs.

Real estate leasing versus mortgage loan

Real estate leasing versus mortgage loan

Real estate leasing has a registration tax on the “first home” purchase reduced to 1.5% compared to that due with a mortgage. Furthermore, the lease does not include the substitute tax of 0.25% present instead on mortgages. The tax deductions in the lease concern the entire amount of the rent while in the mortgage they are limited to the interest portion.

Furthermore, the investment can be “tax expensed” (as they say in technical jargon) faster. In favor of the loan there is the possibility of transferring it free of charge to a bank that offers more advantageous conditions; this cannot be done with a lease, but the latter allows you to suspend the payment of the monthly fees up to 12 consecutive months, only once during the contract, in case of loss of work.

Another aspect to consider is that the monthly lease payment can be a little higher than the mortgage installment because the contract is usually shorter. In short, it is not easy to compare these two different types of contracts. The best way is probably as always to compare the overall costs and the sustainability of the operation.

However, leasing is a flexible form of contract, as it is possible to agree upon the amount of the initial and final maxi installment based on your needs during the stipulation.

Useful information

Useful information

It may be useful to know that if at some point you become a bad payer, the financial institution has the right to proceed with the eviction. If instead, during the lease term, the financial company with which you entered into the contract should go bankrupt, the latter will proceed regularly and the bankruptcy laws will be applied to it.

Not all banks and financial institutions have added real estate leasing to their products, also because it is a type of operation that makes them in fact property for the duration of the contract, and loading the company’s balance sheet with such properties could certain cases be even counterproductive. 

Personal opinions

It is not easy to answer the question: does real estate leasing pay? On balance, given the tax deductions to which it is subject, yes, it could be convenient. However, it is necessary to have an initial advance capital and an equally large one at the end to support the maximum installments provided for in the contract and this is not always easy to manage. The loan instead allows you to pay in installments until the end in constant installments, especially if you choose the fixed rate.

Debt Ratio: Know Your Financial Commitment

Working with third party capital to drive a company’s growth is a common practice, but when mismanaged it can lead to management problems. To avoid this, it is important to keep a constant eye on the debt ratio and make sure that the financial commitment is acceptable.

Most entrepreneurs even know the full amount of their debt with financing and suppliers, but this number has no tangible significance as it does not show how much of the venture’s capital is committed. The total debt value is just one of the financial indicators to be evaluated, as is the index.

We have prepared this indicator to answer your questions regarding this important business indicator. Continue reading!


Know the debt ratio

Know the debt ratio

Is it possible to differentiate how much of the company’s activity uses third party capital and how much is financed by personal capital? That’s where the debt ratio comes in! When explored in a historical series, it reveals the fraction of external resources that the venture has used to guide the business and provides essential information for decision making.

The debt ratio is widely used by companies to discern the extent of assets the business has but which are funded by third party resources, ie debt that must be settled at a later date.


Know if the debt ratio is worrying or not

Know if the debt ratio is worrying or not

Essentially, a company’s debt ratio is an indicator of financial performance that aims to show whether the business needs to be in debt to continue operating.

The company’s degree of indebtedness considers several successive periods to indicate how the venture has been doing to earn revenue. For example, he wonders whether the firm needs to resort to nearby capital to inject it into its production method or whether it needs to acquire debt as loans to repay other liabilities.

The first case may be pointed to as a good level of indebtedness, since the company is borrowing from itself. However, in the second case, there is a great possibility that the business will go bankrupt, so be very careful.


Learn how to calculate the debt ratio

Learn how to calculate the debt ratio

To do this, one does not have to have specific skills let alone pay to get it. The index is a simple account whose basic numbers can easily be found on the balance sheet. Check out how to make this account uncomplicated and efficient:

With the balance in hand, find the values ​​of current and noncurrent liabilities. They show the amount of third party capital being used in the company in the short and long term, respectively. Keep in mind also the value of the total asset.

The debt ratio is the result of dividing the sum of liabilities by asset. To get the percentage, simply multiply this number by one hundred, as follows:


With this formula, you get the percentage value of your company debt. Obviously, the bigger it is, the worse the financial situation you are in. However, there is no default value indicating a healthy debt ratio. Generally, starting at 70%, the dependence on third party capital is excessive.


Interpret the data obtained

debt problem

An interesting thing about financial ratios is their ability to indicate paths and solutions. With the debt ratio is no different.

Even if the value is high, it is only a worrying number if the company’s commitment is made to cover other debts and obligations, causing the so-called snowball. Otherwise, the percentage may indicate that new investments are being made to drive growth.

Even the interest on bank financing can be negligible given the increase in revenues resulting from the expansion of the venture. That is, if your business is in this scenario, there is nothing to worry about.

When indebtedness is caused by a large number of obligations, you need to review costs and perhaps renegotiate debt to improve working capital and even analyze your balance sheet and income statement to find exactly what is hindering your performance. Company

That way you are most likely to reduce the amount of third party capital in your business, gain strength in your asset and be able to improve your financial decision-making power, relying less on loans to keep your business strong and thriving.


Assess the business situation

business situation

To classify whether a company’s debt ratios are at acceptable levels, it is not enough simply to have present value. It is necessary to follow the historical progress of the values ​​and to follow this in monthly, quarterly and annual support. Thus, the longer the time, the greater the assimilation of the manager.

It is also significant to make certain comparisons. Is 25% good value or bad? This will depend on the market in which a certain company is inserted. If all competitors have rates around 12% or 18%, definitely 25% is a high value. By contrast, if they have values ​​greater than 35%, then 25% is a good value.

These amounts of competitors will rarely be directly available to companies, as this is strategic and confidential enterprise data. However, there are ways to find out an industry’s average debt ratios through information from unions, boards, or associations that represent a particular activity.

The debt ratio is one of the tools for a manager to be able to optimize a company’s financial health, but it is not the only one. A bad index does not mean the end of everything, as it must be ascertained with a set of other variants. Similarly, a good debt ratio alone does not portray reason to celebrate.


Adopt recommendations

debt free

Once the calculation is made, it is time to use the information obtained in favor of the company. With the help of specific tools, it is worth analyzing which action plans can be established. So it is always wise to have a specialist firm to help you understand, for example, how high interest rates on loans and financing are interfering with business results.

Using technical help is highly recommended as it has strategic value for making decisions and maintaining the financial health of a company.

Learn how to use credit card: 4 tips to keep track

Who could imagine that a piece of plastic would play such an important role in our lives? This payment system came into being in 1950 and was designed by businessman Frankie McDaniels to institutionalize one of society’s most common practices, the famous “spun”, believe it?

While invention has made our lives easier by allowing us to buy our objects of desire and make dreams come true, credit cards can become a headache if we don’t know how to use them. After all, a small slip can disrupt all control of the accounts. The Brazilian who says it!

The Credit Protection Service (SPC) surveyed people credit card spending habits in 2018 and found that one in five users uses the tool as a supplement to their salary. Which, of course, makes the vast majority in trouble with paying the statement at the end of the month.


How to use credit card with planning

credit card with planning

We have talked a few times here on the blog about how important it is to plan and forecast the main expenses of the month to have a healthy financial life. With credit card this practice is no different.

Be aware and define the expenses you will use on this type of card. It is important to determine when each type of tool comes in. For example, prioritize paying everyday and superfluous expenses with cash or debt, as seeing money out of your pocket will give you more thought about the need to buy.


It is important to have limits

credit limit

As we said above, the Brazilian has the habit of using the credit card as a supplement to the salary. That way, we already know that the month’s account doesn’t close!

So set a limit for your card that matches your income. Ideally, it should be at most 50% of your net revenue, meaning what you earn after all discounts.


Track your expenses

Track your expenses

The ease of passing the credit card, even without having money in the account, can make us spend wildly. It is very important that you keep track of all your spending, either by logging into financial tools or checking out at the end of the month through your institution’s digital service.


Pay all your invoice

credit payment

Paying only the minimum of the bill may be more convenient when paying off the statement, but it is possible that the practice will make your debt priceless in the future! The best option on how to use credit card is to pay the full amount. Since this is one of the most expensive forms of financing. Remember that next month you will pay the remaining amount of this invoice, plus interest and new card charges.

Finally, it is important to understand all aspects of your card, from fees, coverage, payment dates and facilities. What’s more, you have to take responsibility at the time you spend, understand what the best forms of payment are, in your reality, and make sure you’re doing the right thing with your card.