My friend told me that mortgage aggregators are doing a booming business in Australia.
These companies help the customer to source for the best mortgage loan available in the market. They sign up with several lending institutions and are able to find the best deal.
They are doing very well. The lending institutions find it costly to deal with the customer, so they are happy to let the mortage aggregators handle the customer.
I think that there is a similar need in Singapore. Customers find it quite difficult to get the best deal from several lending institutions. The terms are quite complex.
As the amount of mortgage is quite high, the customer can save a lot of money, if they can find the right deal.
Someone told me that there is already a morgage broker offering this service in Singapore.
ReplyDeleteHere is the link:
Leverage Holdings, http://www.housingloansg.com )
Their service is free of charge as they are compensated by the banks separately.
They also provide a range of value-added services such as property valuation.
I wish this company all the best in developing their business.