Living the Standards

With the recent blooming in the property market, more people are engaging the property sector. There are more property agents, mortgage consultants, developers, etc. I would like to bring your attention to the mortgage consultants. Their job is to give consumers/home owners independent advice and to help them get the suitable home loan packages without charging them. However, there are some who do not live up to the standards.

They will tell you that they have tie ups/liaise with all banks when they only do with one/two bank(s) and hard sell or tell you that that particular bank(s) is/are the best. Some don't even give advice and just ask the banker(s) to call you. There are also those who give rebates to entice the consumers/home owners to take up the home loan packages with them. Others would liaise with the property agents, pay them the rebates plus referral fees and get more business referrals. Hence, the property agents are turning to mortgage consultants for home loan packages then to the banks directly where they get only the referral fees/less money.

Have you wonder when the banks are paying the property agents and mortgage consultants equal amount of referral fees, how can the mortgage consultants pay the property agents more.

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