Everything You Need to Know About Car Title Loans

Car title loans are a great way to get your finances in order. This type of loan allows you to borrow money without going through the process of a traditional loan. The car title loan works by you paying the monthly installments for a certain period of time and then receiving your loan on the loan.

 

Car title loans as an option

Car title loans as an option

So you can imagine that a lot of people are using this type of loan as an option. If you do have bad credit, it’s quite possible to get a car title loan. However, there are some things that you should know before you apply for one.

First of all, if you don’t have the means to get the money that you need at the time of a necessity, then it’s probably best not to take out a loan with poor terms. You shouldn’t go for this type of loan if you’re in a position where you need to cover the expense immediately. You should look for a loan that has a flexible payment plan and is easy to afford.

Another thing that you should be aware of is the interest rate that you will be required to pay on a car title loan. It’s not very difficult to find a loan that has high interest rates, but even with these you can still find a good deal. A good lender will provide you with a lower interest rate than the rate that you would normally pay. Look for a deal that you can afford.

 

A car title loan should be able to provide you with a long term loan

A car title loan should be able to provide you with a long term loan

In most cases this means a 30 year loan. The longer the term, the more money you can afford to pay back on the loan. Check out different lenders and find one that offers the longest term possible.

Find out what the fees are going to be when you are looking for a loan. Most lenders offer free approval to potential customers. Find out what the fees are that you are going to have to pay before you take out the loan.

It’s important to check your credit score before you take out a car title loan. The purpose of this is to make sure that you will be able to make payments on the loan on time. If you find that you are having problems with your credit score, you can work on improving it.

Take the time to find out exactly what the loan entails. With any loan you take out the rules that you will be expected to follow are very important. You should check the details that come with the loan and decide if they meet your needs.

Take the time to talk to the people that are helping you to get a car title loan. Talk to them about how they will be reporting your payments to the credit reporting agencies. These companies will have a major impact on your credit score.

 

Car title loan is the easiest way to get money

Car title loan is the easiest way to get money

There are a number of different types of loans that you can take out. The type of loan that you take out will depend on your personal situation. It’s very important to understand what your needs are and what type of loan you need to get approved for. Take the time to speak to the lender and find out exactly what your options are.

It’s important to know that a car title loan is one of the easiest ways to get money. It doesn’t take a lot of time and it’s fairly simple to get the money that you need. However, it is important to remember that if you get a bad loan you could end up with a lot of problems on your credit report.

If you are someone who has bad credit or is in need of a loan, then it might be best to look into this option. You can find out all about it on the Internet or by visiting a car title loan lender in person. Either way, take the time to find the right car title loan for you.

Cash Advance Online – How to Get Approved Fast

The biggest mistake people make when looking for a cash advance online is trying to look too hard. Here are some tips that can help you get the best deal and quick approval. First, be sure to get the full and complete information. The Internet is an excellent resource for this. Next, have all your financial information ready before you start to research. This will include your bank account information, checking account information, and your current income tax information. Most lenders that offer cash advances want to see at least a few years of tax returns.

Apply credit card debt

Apply credit card debt

You also need to have all of your personal information ready as well. You need to be able to provide a recent photo ID and a current driver’s license. You should also know what amount of money you need, how much you are willing to borrow, and how much in credit card debt you currently have. Many lenders will also ask for references and your home address. If you are having trouble finding the accurate information you need, there are several sources that can help you out. The National Foundation for Credit Counseling has a website that has detailed information on various lending companies. This information can be found by searching the internet.

Is borrowing money different from paying bills?

Is borrowing money different from paying bills?

There are also many other similar sites that you can use to get the exact information you need. Just make sure to find one that is specific to the type of loan you are looking for. Next, be sure to research and compare interest rates. You should always be looking for the lowest rate possible. The lender is looking for you to borrow money to make up the difference in your bills and you are the one who is responsible for making that happen.

When you compare different lenders, you will be able to find a better interest rate. Remember, it is the lender that is going to decide whether or not they approve your loan or not. It is a good idea to list down the different types of loans you may qualify for. For example, if you had maxed out your credit cards, you would need a debt consolidation loan. If you were in a debt settlement program, this is something that would apply to your loan.

Information on how to submit your online application

money cash

Adding a note to your application that says that you are in a debt settlement program would be a great idea. Many lenders want to know that you are going to follow through with your agreement. The lender is not going to approve you for this loan if you do not intend to complete the settlement process. Make sure that you have all of the important information before you submit your application. You should always be honest with them. When applying for a cash advance online, you want to make sure that you have the best chance of getting approved. By taking the time to do your research and compare lenders, you will be able to get the cash you need quickly and easily.

Personal credit – Compare & apply!

Make your dreams come true with a personal credit

Make your dreams come true with a personal credit

A new salon with leather seats, a long journey, a wedding, a caravan or unexpected expenses. A personal credit is the ideal solution to spread your costs. You repay a limited fixed amount every month. For example, an installment credit does not have to weigh heavily on your monthly budget while your dream becomes reality.

A customized personal credit

A customized personal credit

With a personal credit (installment credit) you can borrow an amount between 2,500 and 100,000 USD and pay off at your own pace. An installment loan with the Good Finance is very flexible: you determine the amount and the repayment term yourself. The term varies from 24 to 84 months. After the last repayment, your personal loan has been fully repaid. In addition to this credit, you can also opt for other types of credit, such as a green credit, a home loan, a revolving credit or a car loan if you are going to buy a car.

What you definitely want to know about an installment loan

What you definitely want to know about an installment loan

  • A personal credit is intended for all purposes.
  • Upon approval, you will receive the total loan amount at once. Afterwards you repay a fixed monthly amount for a predetermined number of months.
  • The fixed monthly amount consists of part of the repayment of the borrowed capital and part of interest on the residual debt.
  • The term and interest cannot be changed during the loan agreement.
  • The interest on an installment loan is higher than for a mortgage loan due to the lack of collateral, and lower than for a revolving loan due to the absence of interest rate risk.
  • As a borrower, you are legally protected. Therefore, as a lender, we are required to verify your loan history with the CKP and we must not exceed the maximum interest rate set by the government. This maximum interest can be adjusted annually.

Apply for your personal loan online: fast and discreet

Apply for your personal loan online: fast and discreet

  • With the online credit simulator you can quickly and easily calculate the amount of your monthly payment for your personal credit.
  • Once you have found the desired calculation, please fill in the application form.
  • Do you have any questions? Contact us for a no-obligation consultation.

Good Finance handles your file quickly and in complete discretion.

 

Loan despite credit bureau entry at no extra cost

A serious and affordable loan can be found online despite the credit bureau entry and there are no upfront costs and is suitable for paying important bills, for new purchases or pending repairs. There is no fixed amount, since the lenders also orientate themselves to the wishes of the applicants when it comes to loans without a credit bureau examination. Of course, collateral plays an overriding role and helps to get a positive decision after application.

Pay no upfront costs

Pay no upfront costs

At the private credit intermediary, applicants can find the right loan for all claims and ideas. Independent credit brokers mainly work with foreign banks, but also with private donors and thus have the opportunity to find an adequate loan for all performances despite credit bureau entry without any upfront costs. The brokerage offer is free of charge and does not require the applicant to pay the agent in advance and pay fees before the loan has been paid out.

A reputable and trustworthy credit broker will deduct the fees from the loan paid out and will not issue a separate invoice for fees. If a loan is only approved with prepayment of fees, it is advisable to refrain from doing so, since this is generally not a reputable and trustworthy provider and it can well happen that the loan granted according to the statements does not come after the fees have been paid is disbursed. A trustworthy provider accepts collateral in the form of real assets, but also a guarantee from relatives or friends whose creditworthiness is sufficient or whose physical assets are convincing in return and cover the total amount of the loan.

So the right loan can be easily found

So the right loan can be easily found

With a comparison on the Internet, as well as reading reviews from other borrowers, it is easy to find a cheap loan that is not subject to prepayment claims. Since the interest rates vary enormously and not every loan is suitable for all applicants despite credit bureau entry at no cost, your own ideas should be included in the decision as clear goals. When comparing, general conditions, flexibility and interest rates should be given equal consideration and selected as a selection criterion. The online application for credit, despite the credit bureau entry without any upfront costs, has numerous advantages and is paid particularly quickly.

Applicants will be informed of a successful approval within 24 hours of the application submitted online and can therefore preclude long waiting times in uncertainty. Private financiers or independent financial intermediaries create an opportunity to obtain a loan even with poor creditworthiness and unemployment and to secure it with actual values. All offers that involve the applicant with payment of preliminary costs should be avoided due to security and should not be considered for closer selection. Reputable providers do not charge any fees before paying out.

How to calculate the mortgage installment?

A mortgage decision is one of those you usually take once in your life. It would be comfortable to make your dreams come true and achieve your goals, which can be building a house or buying an apartment. So, how to prepare for formalities related to the mortgage and how to calculate its installment? You will read below.

Table of Contents What are the types of loans? What is a mortgage? Where to look for a good mortgage? Who can take a mortgage and how to do it? How to calculate the mortgage installment and what are its costs?

What are the types of loans?

What are the types of loans?

There are various loan classifications. Among the basic divisions we can indicate commodity and money. We will focus mainly on cash, among which we can mention loans:

  • retail – used by individual customers
  • working capital and investment – for entrepreneurs

And among the retail customers most often used are:

  • personal account loan
  • of consumer
  • lombard
  • mortgage

Below we will discuss the mortgage, which is today the most popular financial product that customers use to buy real estate.

What is a mortgage?

What is a mortgage?

A mortgage is a bank loan that is taken for a very long time. It will be secured by a mortgage which is established in favor of the bank that grants the loan. The security is established on the perpetual usufruct right or on the property ownership right. It is important that the property is . Usually, he is contracted to implement an investment, such as building a house, buying an apartment, etc. The borrower will vouch for his assets and income – both present and future.

Where to look for a good mortgage?

Where to look for a good mortgage?

At present, there is a very large selection of banks, after meeting the appropriate conditions, are able to grant such a loan. This is a commitment that we make for many years, so you should carefully consider the offers of various banks to choose a solution tailored to our capabilities. The amount of own contribution, the amount of the installment and the number of years for which we will repay the commitment are the basic data that should be taken into account, but not all – we will talk about them below. However, they are so important that they should be a serious indicator when choosing a specific offer. Before we decide in which bank we will apply for a mortgage, it is also worth considering the opinions of family and friends who have already used this product. The hint can be so valuable that it will be easier for us to decide in which direction to go.

Who can take a mortgage and how to do it?

Who can take a mortgage and how to do it?

The terms of granting a mortgage usually constitute a comprehensive chapter in the regulations of a given bank. The basic conditions include creditworthiness and the amount of solid income we generate every month. In order for our credibility to be higher, it is worth ensuring a clean credit history, giving up, among others, ideas for setting up credit cards and thus consumption on credit, i.e. one that you can not afford. Own contribution is also an important element. When applying for a mortgage at the moment, you should take into account that the bank will demand from us about 20% of the value of the property that you want to buy. This is to substantiate the fact that it is highly likely that we will be able to repay the commitment. And the greater our own contribution, the less we will have to pay back the loan (interest on the loan and capital installments). We also remember that before the mortgage is established, you can temporarily secure the loan, including surety by a third party (who has creditworthiness), insurance, a promissory note or blocking of funds on the account.

How to calculate the mortgage installment and what are its costs?

How to calculate the mortgage installment and what are its costs?

There are many algorithms for calculating the mortgage, and this is related to the bank’s regulations in which we decide to take the loan after we know its costs.

And what costs it can be:

  • first of all, the bank’s commission
  • notary public costs according to notary tax
  • establishing a land and mortgage register on the property
  • insurance (life and accident)
  • the cost of establishing a mortgage
  • total cost of credit
  • any contractual penalties
  • additional fees

And how do we calculate the mortgage installment? First you need to collect basic data, i.e. the amount of the loan, annual interest rate, number of installments to be repaid, the total amount to be repaid. If we collect basic data so as not to make mistakes in counting, you can start by using the available online calculators, which will be exactly able to indicate how much the mortgage installment will be.

If we want to calculate for ourselves what the monthly cost will be, we warn you in advance that it will be quite complicated. Because it is necessary to count separately the part related to capital and the part related to interest. But we encourage you to take advantage of the available financial products on the website, where in a simple and transparent way, in a few moments we will get access to personalized offers of financial products. And all online, without leaving home and unnecessary formalities.

Instant loan without a permanent job

 

According to the current definition, an instant loan is paid out within just two bank working days after the online loan application. This period is necessary for the receipt of the Postident confirmation. It can be reduced to one day by financial institutions licensed in neighboring countries such as Luxembourg, where a photocopy of an ID card is sufficient as legal proof of identity.

The creditworthiness check is done less carefully for instant loans due to the time involved than for loans with long processing times. Some banks refrain from submitting proof of earnings and comparable receipts for instant loans, since an examination is only carried out superficially anyway. This procedure makes it easier for applicants with low income to get an instant loan.

Apply for an instant loan without proof of salary

Apply for an instant loan without proof of salary

Applying for an instant loan without a permanent job promises success if the lender refuses to provide proof of earnings. Despite the unnecessary submission of proof of salary, every financial institution asks for the available income in the loan application. If the borrower does not have a permanent job, but achieves a reasonably equal regular income through temporary work, he can indicate the corresponding amount in the credit form.

Occasionally, applicants succumb to the temptation to apply for an instant loan without a permanent job and to provide too much information about their income. We do not recommend doing this because deliberately incorrect information in the loan application is punishable. As soon as the applicant does not properly repay the instant loan, the credit institution subsequently checks the information provided in the application.

Most banks file a complaint if they discover deliberate misrepresentation. In addition, the credit institution can immediately call for an immediate loan, which is applied for false pretenses, for repayment, even if the amount of repayment arrears actually required for a loan termination has not been reached.

Instant loan with guarantor

Instant loan with guarantor

Not every bank offers a guarantee for instant loans, but offers can still be found. If you want to apply for an instant loan without a permanent job, select one of the few providers for this type of loan and suggest a person with a good credit rating and a regular income as a guarantor. In this case, the loan is granted on the basis of the income and the creditworthiness of the guarantor.

Don’t agree on big rates

Don

Anyone who does not have a permanent job and does various temporary jobs can expect considerable fluctuations in their earnings, even if they have been low in recent months. For this reason, borrowers do not agree on excessively high monthly installments for an instant loan without a permanent job, but opt ​​for an extended loan term.

So that the instant loan does not become excessively expensive, they also obtain several offers and carefully compare the interest rates. It should be borne in mind that an immediate loan is more risky for the bank than a conventional consumer loan and is therefore somewhat more expensive due to the reduced options for checking the documents or because no proof of income is sent.

What is the total cost of a cash loan

The total cost of the cash loan is the sum of many elements. The full amount to be returned to the bank or loan company depends, among others on the amount borrowed, interest, duration of the loan, additional fees charged by the financial institution. The total cost of credit is the first parameter that should be analyzed if you want to take out a loan. How and where to check it?

 

What is the total cost of the loan?

What is the total cost of the loan?

The cost of the loan consists of the sum of the liability itself as well as all additional charges incurred in connection with the debt. Therefore, to know its amount, you must add the borrowed sum, interest, commissions, margins, taxes, insurance and other additional costs. In determining the final amount to be repaid, the actual annual interest rate, i.e. APRC, is useful. This indicator tells you what the total cost of the loan must be for the customer.

 

What does the cost of a cash loan depend on?

What does the cost of a cash loan depend on?

When browsing the offers of banks and loan companies, it can often be seen that financial products with the same parameters have different prices. This is because not all cash loans will cost the same. Offers presented by banks and parabanks are prepared individually. People who can boast of high creditworthiness can count on much more favorable conditions, and therefore lower cost of cash loans. If the financial standing or credit history is not very reliable, the bank increases fees, and very often requests additional insurance, e.g. in the event of job loss or temporary inability to do so. This causes the cost of cash loans to increase significantly.

If you want to calculate the cost of credit, also use the creditworthiness calculator.

 

How to calculate the total cost of a cash loan?

How to calculate the total cost of a cash loan?

The easiest way to know the total cost of a cash loan is to use online loan calculators. Enter all the loan details, such as the amount of the loan, length of loan period, type of installments, etc. in the loan. The online loan calculator will show the total cost of the loan, which will already include interest and additional charges. The result will show the total cost of credit proposed by various banks. Thanks to this, it will be easy to compare offers of various financial institutions and find the best one for you.

Calculating the total price of a cash loan yourself is possible, but not so simple. Laymen unfamiliar with finance and banking will have a problem with that, so it’s easier, faster and safer to use calculators and comparison tools that automatically estimate costs based on an algorithm.

A loan or cash loan is a proven way to quickly raise money for a larger purchase or to meet current needs. However, you must remember that you have to pay back your obligations. Before taking a loan, it is good to assess your options and think about whether paying off the installments will be too much of a burden. Knowing the total cost of the cash loan will help you make a decision in this regard.

Credit Search – Advantages of comparison online

In private as well as in business life, you can unexpectedly find yourself in a situation of having to make an expensive purchase, which is why a loan search is necessary. It can be a new car, the TV breaks, the laptop has to be replaced, but there are also bigger wishes like your own property or even an expansion investment for your own company.

These things usually don’t have to be paid from existing cash, so a loan has to be taken out. Then it is important to carefully compare the terms of different offers. An important parameter in the search for a loan is the interest rate, because it indicates the cost of using a loan.

What types of credit search are there?

What types of credit search are there?

Basically, there are several ways to search for credit. As a rule, you first ask your own bank what conditions and what interest it offers for the required loan. If you are not satisfied with this, the loan search can be extended to other banks in the vicinity. The disadvantage is that you have to ask each bank individually and often personally what interest rates are offered. The relevant comparison portals on the Internet are therefore a far more convenient option.

What are the advantages of comparison portals on the Internet?

What are the advantages of comparison portals on the Internet?

The search for credit using comparison portals on the Internet is particularly quick and very convenient. After entering a few key data, the comparison calculator calculates the cheapest offers. The key indicator is the interest rate. The comparison computers use branch but also direct banks, which only conclude their transactions over the Internet. As a rule, you look for the desired offer, print out the application, sign it and send it to the bank with the required documents. These documents usually include Credit Bureau information and the latest wages and salary slips. The application will be processed and the loan approved within a few days, so that the money will be available within a short time. This speedy processing naturally requires that the borrower’s creditworthiness is in order.

In addition to fast and convenient processing, comparison portals on the Internet above all offer a high level of transparency because they provide a comparison of the most important banks with their conditions.

Can you Finance a Car While Training

As a basic security, the training contract is already recognized by lessors and lenders. The next three years are financially secure in this case. Also the question is what you can offer the bank as collateral. I advise: save and then buy the car. If you are still in education, it is not easy to get a loan.

Finance a car as an apprentice?

Finance a car as an apprentice?

Your chance depends to a large extent on your economic security. Your internship salary is not enough to pay you, but you can increase your chance with a financially strong guarantor. It is also important if and how much you can deposit from the car and how your account balance will be canceled at the end of the month.

And how long does your training last and what happens after the workout? Unfortunately, I can not say what it’s like after graduation, but my supervisor usually picks up his interns. I could have up to 3000, which I set aside. I almost thought that my wages alone would not be enough, I wanted to look after a guarantee from my family and financial support alone, but I do not think I have to ask for it.

Loans are usually very beneficial for people whose credit rating is particularly well valued by banks.

Loans are usually very beneficial for people whose credit rating is particularly well valued by banks.

These can be calculated with substantially lower interest payments than creditworthiness rated customers. In order to obtain a good credit rating, a regular monthly income is required to a sufficient extent to ensure the repayment of the completed loan.

Anyone who works in the public sector and raises a vehicle finance loan can benefit from his credit rating. The evaluation of this information by the EIB gives a positive assessment of employment in the public sector.

For many apprentices, a car is necessary to get to their training place or vocational school.

For many apprentices, a car is necessary to get to their training place or vocational school.

Of course, none of the banks will finance them an expensive luxury car, but a small loan is quite conceivable. The apprentices will only receive a financing loan for the purchase of a vehicle if their creditworthiness is given. In addition, the training allowance should be of an appropriate amount, since these payments will reimburse the loan installments.

It should also be relatively certain that after completion of the training in an indefinite employment relationship, so that the proper functioning of the car loan is guaranteed. It may also be a surety of the guardians for the loan amount. However, exceptions are physicians and dentists, whose income situation can generally be regarded as good and adequately secured in practice.

Whether they run their own law firm or work as employees, they have a good income and do not have to worry about their jobs or their law firm. Already in the first consultation physicians and dentists should draw attention to their profession and make it clear that they foresee particularly good interest conditions. Only when they can make sure that this condition is met, they should create a car loan at the respective house bank.

Online and direct banks specializing in lending to physicians and dentists can be found online.

Car loan comparison – car loans from 1.9% p.a.

Statistics indicate that about 80 percent of all car buyers borrow to finance their new or used car. It is not always about full financing. Often, only a certain percentage of the purchase price is needed to purchase a new vehicle. It is possible to take the car loan directly from the dealer and his car bank. The auto banks are using low-interest loans or zero-percentage financing. We will take a closer look at these offers. The alternative is to look for yourself a cheap loan on a loan comparison, and then appear at the dealer like a cash payer.

With our free credit comparison, we give you the opportunity to filter out the cheapest of the many offers. After the selection, you can directly click on the bank you favored to apply for your car loan. If it is a credit offer with credit-related interest rates, it makes sense to request a non-binding offer beforehand.

“It is important that you use the purpose, should it be queried again, always on” car loan “click to secure the favorable conditions.”

Why are car loans cheaper?

Why are car loans cheaper?

  • Car loans are standardized loans. For the banks it is important to make the process as lean as possible. In most cases, the borrower assigns his car letter to the bank as collateral. If he can not repay the loan, the bank can resell the car.
  • When financing a fitted kitchen this is not possible without further ado. The banks are passing on the cost advantage of this approach to their customers in the form of lower interest on car loans.

The dealer financing – really so cheap?

The dealer financing - really so cheap?

Autobank calculate economically. If they lend money at extremely low or no interest, they want it back as soon as possible to use it elsewhere. The low-interest loan boosts car sales, but then has to earn money elsewhere. For this reason, the terms for loans from automotive banks are very short, usually three years. Conversely, short maturities mean high rates. Loans from a bank with a longer term relieve the budgets noticeably in comparison. In addition, the credit through the dealer reduces the scope of the buyer in the price negotiations. Anyone who appears as a cash payer usually has the better cards.

Why comparing is important

Why comparing is important

Where there are many different offers, there are different rates of interest. Through our credit comparison, you can find the offer that has the lowest cost of credit. We also consider the approval rates of the providers, which says something about the likelihood that the bank will approve the loan. That too is important, because what good is a good deal if it is probably not usable. It is important that the loan is low-interest and that the framework conditions suit the customer.

An essential aspect in the selection of the loan is the repayment phase. Two points should be noted:

1.) Does the bank provide a free special repayment, if possible in full amount of the remaining debt? A cash gift or the company’s gratuity could be used to prematurely pay off the loan. If the bank waives free special repayments, a one-year prepayment penalty will be payable for a remaining period of more than one year, compared to 0.5 percent for less than one year.

2.) Does the bank offer installment breaks? It can not be ruled out that the borrower will experience financial difficulties. Some institutions allow their clients to pause once or twice a year at the rate. Especially for young families this is a rewarding solution in the run-up to Christmas.

Customers with poor credit ratings do not have such a good chance of getting cheap credit with traditional banks. They are in better hands with the car banks because the lending guidelines are less stringent there. Car banks usually want a down payment as additional security. In addition, the borrowers must deposit the vehicle registration document with the bank during the repayment term.

Monetary tips on car loan

Monetary tips on car loan

Take care of the car loan before buying a car. Go to the dealer as a cash payer. So you save a lot of money, because discounts of ten percent and more are not uncommon.

Use our credit comparison. Try different options when choosing the term until the monthly installment matches your disposable income.

Financing forms for car loans

Financing forms for car loans

Financing a new or used car is the classic example of why consumers take out a loan. While in the past, the auto banks were unrivaled cheap, the sheet has changed in favor of the classic banks in the last five years.

The current level of interest rates is so low that it does not necessarily have to be a car loan from the auto bank.
In addition to the classic installment loan, so-called balloon financing also comes into play for car loans. Similar to leasing, the loan agreement runs for a specific term. Buyer and seller determine the possible residual value of the vehicle at the end of the term. The credit installments are calculated only on the difference between the purchase price and the residual value. In the end, the last installment, the “balloon” remains as the balance. The buyer now has three options:

  • He replaces the last installment, the residual value, in one sum and drives home by car.
  • He takes up a new loan equal to the final installment.
  • He returns the vehicle to the dealer.

The risk is that the actual value is below the agreed residual value. In this case, an additional payment is necessary in any case.

Conclusion:

Never spontaneously buy a car on credit. The purchase of a car and the associated credit should always be planned and prepared in advance. Otherwise, you run the risk that by an unnecessarily expensive loan, the laboriously purchased discounts are quickly relativized.