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Why should you consider becoming a mortgage broker?
1. If you are tired of working for someone else, you might want to become a mortgage broker.
2. If you want to retire earlier than 65, you might want to become a mortgage broker.
3. If you like working with people, you might want to become a mortgage broker.
4. If you like unlimited income, you might want to become a mortgage broker
5. If you like setting your own hours, you might want to become a mortgage broker.
6. If you want to earn a living without doing manual labor, you might want to become a mortgage broker.
7. If you want to stop trading hours for dollars, you might want to become a mortgage broker
8. If you want to make money in real estate without taking any risk, you might want to become a mortgage broker
9. If you want to work in a profession where it doesn't matter if you finished high school or not, you might want to become a mortgage broker.
10. If you want to start part-time, you can if you become a mortgage broker
11. If you want to start immediately, you can if you become a mortgage broker.
12. If you want to work from home, you can, if you become a mortgage broker.
13. If you do not want to worry about people defaulting on your loans, you don't have to as a mortgage broker. That is the lender's problem.
Please note that in some states it is harder then others to get licensed. But to become a loan officer who does loans for a mortgage broker, you do not need a license in most states.
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In So You Want To Be A Mortgage Broker, we cover all the questions we were asked repeatedly by people just like you wanting to get into the business, including several that people need to know but did not know to ask.
Some of the questions answered are:
- What does a mortgage broker do?
- How does a mortgage broker make money?
- What is a mortgage broker?
- What is a typical day like?
- Do I need a license?
- How do I get my license?
- So why do lenders work with mortgage brokers?
- How does a mortgage broker make money?
- How much can I earn?
- Can I work from home?
- So what exactly does a mortgage broker do?
- How do I decide what company to work for?
- How do I open my own company?
- How do I find lenders to work with?
- Is my job secure?
- Can I do this part time?
- How do I get started?
- What do I do first?
- How long does it take to start?
- What do I have to know?
- What exactly does the processor do?
- What does an underwriter do?
- How do I know if I will be a good broker?
- What is an appraiser?
- Where do I get the credit reports?
- What does the title company do?
- How do people choose their broker?
- What about the competition?
- How do I get clients?
- What exactly is mortgage banking?
- What is continuing education?
- What does the future of the industry look like?
- How do I motivate myself?
- Isn't mortgages a seasonal business?
- How do I hide my inexperience?
- And many more...
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Here are just a few of the ways this book can help you
· Stop wasting time searching for your state's licensing requirements because it has a complete directory of websites that will tell you exactly what the licensing requirements are in your state.
· Start earning money faster by following the DO's and avoiding the DON'Ts to help you get started on the right foot so you and save time and money by avoiding common mistakes.
· Learn from the experiences of 16 current loan brokers who are doing exactly what you want to do. Read the Interviews with these 16 Current Loan Officers so you can learn from others in the business, emulate their strategies, and avoid their mistakes
· Have peace of mind, knowing that you don't have to search anymore for answers to your questions.
· Determine right away, if you will enjoy this profession or not by taking the self-administered test to see if you would make a good broker or not. If you are not sure yet, you need this test!
· Get a feel for the direction the mortgage industry is headed, and what is in store for the industry. No need to worry if the business is seasonal or cyclical. I will show you how to avoid the ups and downs of the markets.
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· Learn the secret ways mortgage brokers make money. Ever wonder how a mortgage broker can make $3,000 or more even on a $100,000 loan? I'll show you how.
· I'll fill you in on how the mortgage industry works. You will know more after reading this book then 50% of the loan officers out there.
· I'll show you how to choose a company to work for. Work at the wrong place, and you could doom your career before you even get started.
· I'll explain what Net Branching is how it's not the Holy Grail that people make it out to be.
· I'll show you how to find hundreds of lenders if you want to open your own company. You can't be a mortgage broker without lenders!
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