AAHorses Mortgage Brokerage Services, which started operations a week ago, will give away about 80 per cent of the commission it earns from banks to successful mortgage applicants as it competes for market share.The current practice is giving successful clients 30 per cent to 40 per cent of the commission earned as a rebate. The city has about 10 mortgage brokers, which earn on average 0.3 per cent of the loan size as commission from banks for every successful home loan referred.“We hope to…
Source : South China Morning Post
Read more…New Hong Kong mortgage broker AAHorses to give clients bigger cut of commission in hunt for market share
