Mortgage Broker or Work with Bank directly?

jetfumes · 2020-03-24T15:14:06+01:00

Explore insights on getting a mortgage in Portugal. Share experiences on using brokers vs. banks directly, plus legal advice recommendations.

jetfumes New member

Member since 24 March 2020

jetfumesNew member24 March 2020 13:14:06

Bom Dia, I'm new to your forum and thank you for hosting it. First and formost I hope that everyone is healthy during this uncertain time.聽

We are looking for advice on getting a mortgage in Portugal and would like to get your feedback on what's worked for you.聽 Have you used a broker who found you the best bank or did you work directly with the bank?聽 Any insight is appreciated, also any recommendations would be appreciated to include lawyers.聽聽

I'm sure I'll have more questions and thank you

GuestPoster562 Guest

GuestPoster562Guest24 March 2020 13:18:30

Hello, we work directly with Millennium bank. Excellent services. We received our mortgage loan within 3 weeks.

jetfumes New member

Member since 24 March 2020

jetfumesNew member24 March 2020 14:02:24

Do you mind if I ask if you applied while in Portugal or from another country?聽 What did you have to gather paperwork wise?聽 We currently live in the USA.聽 Thank you!

ThisIsParadise Member

Member since 01 March 2020

ThisIsParadiseMember20 April 2020 18:49:46

Yes, more people would like to hear more of your story
I have also heard good things about Millennium bank, but still bank elsewhere.

Seviclana New member

Member since 06 January 2020

SeviclanaNew member21 April 2020 08:57:19

Bom dia,

Obviously you can find a mortgage broker in Portugal, it's called: Intermedi谩rio de Cr茅dito, who find you the best bank and this service doesn't costs for the cliente.

Best regards,
Victor

jetfumes New member

Member since 24 March 2020

jetfumesNew member20 May 2020 18:37:45

Because of COVID it's not been as easy to find mortages聽 with favorable聽 conditions.聽 I'm a Portuguese citizen but live in another country and just got back the following.聽 Not accepting applications for second house, or 40% down.聽 There are still other banks but this is a reflection of COVID 19

GuestPoster562 Guest

GuestPoster562Guest20 May 2020 19:02:48

We got our mortgage from Millennium while we were in USA. They were quick and efficient.

jetfumes New member

Member since 24 March 2020

jetfumesNew member20 May 2020 20:29:33

Recently

GuestPoster562 Guest

GuestPoster562Guest20 May 2020 20:55:13

1/2019 Lisbon.

ThisIsParadise Member

Member since 01 March 2020

ThisIsParadiseMember21 May 2020 16:17:43

#10

Keep it coming guys. Who else got a mortgage, which bank, and what experience made?

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jetfumes New member

Member since 24 March 2020

jetfumesNew member21 May 2020 16:26:40

#11

I would work with a mortgage broker through a realtor you choose.聽 They don't charge anything to you and find the best rates. They are oaid by the banks when you follow through with a loan. Right now though it's not as favorable because of covid and the economy