Fees and commissions are also a bug bare in the mortgage sector.
In an article George Liondis writes;
What most people do not realise is the extent of the commissions that the banks and other lenders pay to brokers to recommend loans.
For the average-sized home loan in Australia of about $270,000, some lenders pay brokers more than $5000 up-front for every customer they bring in.
Others do not hand out as much upfront, but pay brokers a "trail" commission on the balance of the loan every year until it is paid off.
http://www.theage.com.au/news/money/brokers-who-have-a-lend-of-you/2006/02/18/1140151848926.html
YourShare are hoping to look into mortgage commissions to see if we can also help our clients get their fair share of these commissions back too.


Comments