Why Property Buyer Singapore mortgage Consultants

Why Property Buyer Singapore mortgage consultants can help you Compare Singapore home loans?

In many economic cycles of boom and bust, the retail banking sector has evolved with the time. As more and more banks came into the home loan market, the bank’s margins became challenging.

As banks only mark up slightly above their cost of funds, this liberation of credit and financing fueled investments and asset prices. This included property prices inflation.

Singapore home loans margins are very little. But why do banks still do it?

Banks still lend out for home loans because in any economy, residential home loans form a large part of a country’s economic activity. This is a high volume activity despite the low margins.

Many rounds of cost cutting and retrenchments meant that the banks are really short of staff. Helplines are no longer manned by real people, instead you will go through endless hours of wait while listening to, “Your call is important to us, please hold on, our consultants will attend to your call soon.” And worst of all, “Please press * to hang up or call us back between 9 to 5pm.” Bank tellers are replaced by ATM machines.

Singapore banks wanted to retrench bankers and stay lean

In order to cope with the uncertain demand, banks have outsourced the front end banking. They pay Singapore mortgage consultants like us a fee for handling the advice, processing and follow up of the home loans.  This way, they minimize the issue of a hire and fire culture at the banks, not that the banks cared, at the end of the day, it’s about profitability.

Banks do not really like home loan consultants that much. As a mortgage consultant works for the client’s interest and that means we represent the client rather than the banks. So it is in a way, a twisted outcome from the bank’s promotional activity. Banks prefer to work with property agents which has less concerns for their clients.

Service Satisfaction drops with Singapore retail bankers

Service satisfaction with banks soon dropped, banking loyalty which were in the past held by people to people relationship no longer holds as there is simply not enough bankers. But the banks will not start employing bankers as they want to stay lean.

Staying lean means that you cannot expect to maintain professional long term relationship with any banker.

With mortgage consultants such as www.PropertyBUYER.com.sg mortgage consultants SMS +65-9782-8606 or loans@propertyBUYER.com.sg, our customers have gradually become our friends.

We maintain a long term professional relationship and friendship where we understand your unique requirements. We do not simply compare Singapore home loans or take out the mortgage calculator. The key step is first to establish the investment objective, not the mortgage calculator or comparing mortgage rates.

So how did Singapore mortgage consultants PropertyBUYER.com.sg come about?

Initially banks wanted the consultants to market only their home loans. However www.propertyBUYER.com.sg mortgage consultants like us have signed up with many banks and pick up the best features and packages from each bank. Property Buyer mortgage consultants at loans@propertybuyer.com.sg or sms us at +65-9782-8606 we will pick out the best few packages and highlight the pros and cons of each package. The clients will then pick from them.

Of course Singapore banks still need to stay profitable

In order to stay competitive while also profitable, banks came up with many possible combinations. While property buyer mortgage consultants are working for the benefit for the client, we are not against banks making money. And we are not advocating that banks cut rates or prices outright. Ultimately the banks will still need to make money. So we strongly encourage the Singapore banks to be innovative and create unique and useful features matches the client’s needs.

As more and more packages became available, the layman will have problems sifting through hundreds of home loans. So property buyer mortgage consultants can help you to compare Singapore home loans.

About Property Buyer                                          Contact Property Buyer

www.PropertyBUYER.com.sg 

We are a Research-focused Singapore Mortgage Consultant which helps you compare Singapore Home loans either for new home loans or refinance home loans, we balance risks versus rewards for each home loan to match your risk profile and financing needs.

Buying property is a serious affair, we do NOT advocate a Greed or fear based buying approach, we emphasize that you need to check your property home loan affordability. Check out the mortgage calculators.

Not Simply Cheap, but what Fits.                                    We Research, You Save! 

Tel:    6100 - 0608

SMS:  9782 - 8606

Email: loans@propertyBUYER.com.sg

26.12.2009. 22:21