Mortgage Broker Profession

Mortgage Broker Profession – Is it right for you?

A Mortgage Broker or mortgage advisor is an individual who is a registered, licensed and trained mortgage specialist helping his or her clients with their home financing needs. A mortgage broker is not paid by the mortgage lender. Instead he or she receives a fee or commission as financial compensation for bringing a mortgage business to a mortgage lender.

How much a mortgage broker can earn?

This depends on how many deals you average a month. You can run some numbers and investigate realistically what you could possibly be making after your initial months or learning the business. It may take you a few months to be up to speed in your mortgage business. In the beginning, building your business involved working your own marketing plan to get new contacts and build more referral sources.

The income for a mortgage broker is lucrative or those who are successful in building their contacts. There are little over-head costs to become a mortgage broker. The biggest attraction beside the money is the freedom to work their own hours in an industry that has unlimited demand for the service.

If you are interested to find out more information on how to become a mortgage broker, you are welcome to contact me at 604-721-4817 or email me.

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Canadian Mortgages

Canadian Mortgages – Career Opportunity

Over the recent years, the booming Canadian housing market has attracted many people who are looking for career and income advancement. Mortgage brokerage – home loan origination by independent mortgage advisors or brokers is attractive to self-motivated individuals who aspire to work their own hours and build a business within a group environment.

Definition of a mortgage

A mortgage loan is a loan secured by real property through the use of a mortgage – a legal instrument. The word mortgage used commonly by consumers everyday is often referred to as mortgage loan. As with other types of loans, mortgages have an interest rate and are scheduled to be repaid over a period of time – normally from 25 to 40 years in Canada. Mortgage lending is the primary mechanism used to finance the private ownership of real estate.

The Income Opportunity

Home ownership in Canada is a multi-trillion dollars business. Home loan origination by Independent Mortgage Brokers or Consultants accounts for about 25% of the total home loan business in Canada.

Mortgage Brokers are independent agents who work for themselves and not for the mortgage lenders. A Mortgage Broker is paid a commission or fee for the mortgage business that he or she successfully places with a mortgage lender. The income potential for successful Mortgage Brokers is high and can be very rewarding for those who find their market niches.

Requirements To Become A Mortgage Broker

All Mortgage Brokers are required to pass a sub-mortgage broker course before they are can be licensed and registered to work as sub-Mortgage Brokers. Employees of Canadian Banks, Credit Unions and Trust Companies are exempt by the Government and not required to be licensed to market their employers mortgage products to home owners.

Real Estate Articles: December 30/07

Blog Carnival

real estate investment and finance

Welcome to the December 30, 2007 edition of real estate investment and finance.

Home financing tips

Mitch McDonald presents Rent Back House Tips To Avoid Home Loss posted at FYI About.com.

Real estate buying tips

Ian Mariano presents Reno Home Blog: Lessons Learned posted at Reno Home Blog, saying, “I’m still a little bit confused about how it works. Just let me know if i need to correct something.”

Real estate investment

Dorian Wales presents Personal Financier: Why Taking on a Mortgage Is Leveraging: Understanding the Potential Risks and Benefits posted at Personal Financier.

Leon Gettler presents Fed’s rescue plan: too little, too late posted at Sox First, saying, “The Fed’s rescue plan for subprime is a case of shutting the barn door after the horses have bolted. Too little, too late”

Ted Reimers presents Buying a Home near a College is a good investment posted at CampusGrotto.

Real estate selling tips

Steve Faber presents Tips For Selling Your Own House posted at DebtBlog.

That concludes this edition. Submit your blog article to the next edition of real estate investment and finance using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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Real Estate Investment: December 15/07 Articles

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Welcome to the December 15, 2007 edition of real estate investment.

Jason Elder presents Effects of Bankruptcy posted at A Bankruptcy Lawyer’s Blog, saying, “Once you have been declared bankrupt, under the bankruptcy law all assets that belonged to you, including your home come under the control of a Trustee.”

Edith presents 2008 Apartment Market Trends (U.S.) posted at Stewart Hsu.

Home Financing

Ryan Russell presents Is Debt Consolidation A Good Idea? posted at Care on Credit, saying, “Debt consolidation comes in several forms, including credit counseling, balance transfers, and debt consolidation loans, so review your options carefully before making a decision.”

Real estate investment Leon Gettler presents Interview with David Rosenthal, md of Curtis-Rosenthal on subprime posted at Sox First, saying, “The fallout from the subprime debacle is likely to take three to six months, according to this interview with David Rosenthal, MD of Los Angeles based real estate consultancy Curtis-Rosenthal. That’s regardless of what the Fed does.”

Phil B. presents Is it Time to Purchase Bank Foreclosed Properties? « Phil for Humanity posted at Phil for Humanity, saying, “With the increased number of mortgage defaults and decreased real estate values, it may be time to purchase an investment property soon. Exactly how soon is a debatable question, but many experts are guesstimating between the end of 2008 and first quarter of 2009.”

Joshua Dorkin presents House Flipping Reality TV Shows: Good or Bad for Newbie Investors and Flippers? posted at Real Estate Investing For Real. Gavin R. Putland presents Australia, Hong Kong, Singapore & Taiwan: How property taxes affect economic growth posted at Gavonomics.

B.H. presents How to maximize “flip” profits through smart renovations posted at boozwatt.com, saying, “Tips on how to maximize your resources and profit during a home renovation.”

John Crenshaw presents Is Real Estate Really A Good Investment? posted at Truthful Lending dot Com, saying, “Is Real Estate the ultimate investment as many people think of it? Let’s take a look at how it stacks up to other investments.”

Joshua Dorkin presents Investors Working on Foreclosure Deals: Avoid Fraud Suspicion – Disclose! posted at Real Estate Investing For Real.

FSBOJane presents Reasons You Should Use a Realtor posted at FSBO Jane.

That concludes this edition. Submit your blog article to the next edition of real estate investment using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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Articles submitted – September 09, 2007

Welcome to the September 9, 2007 edition of real estate and mortgage investment.

finance

Sagar Satapathy presents The Broke Handyman’s Box of Blueprints: 100 Free Plans to Build Home Furniture posted at Credit Card Lowdown.

Pushpa Sathish presents Top 10 Movies to Watch Before Remodeling Your Home posted at Homeowners Insurance Lowdown.

Amanda Harris presents Mortgage For Those With Bad Credit posted at Pajama Mommy.

money

edithyeung presents The Money Series – You Are Not Going to Live Forever posted at Edith Yeung.Com: Dream. Think. Act..

real estate

Matthew Paulson presents 7 Ways to Avoid a Foreclosure posted at Getting Green.

Laura presents 10 Home Selling Alternatives to Hiring a Real Estate Agent posted at Mortgage Lowdown.

Matthew Paulson presents Refinancing Your Home: When It Makes Sense, When It Doesn’t. posted at Getting Green.

sondra presents HEY! Respect My ?Housework?, PLEASE! posted at ColumbusRealEstateVoice- Real Estate Reality.

That concludes this edition. Submit your blog article to the next edition of real estate and mortgage investment using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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Articles submitted – August 25, 2007

real estate and mortgage investment

Welcome to the August 25, 2007 edition of real estate and mortgage investment.

Tracy Coenen presents Mortgage fraud moving up the priority ladder for prosecutors posted at FRAUDfiles.

finance

Ian Welsh presents Reaping What You Sow: Hedge Fund and Housing Bubble Edition posted at The Agonist, saying, “To understand what’s happening to the US housing and financial markets right now you need to understand the past policy decisions by the Fed and the Bush administration.”

real estate

Charles H. Green presents The Deeper Message of Financial Markets’ Volatility posted at Trust Matters, saying, “The short story starts with a classic housing bubble.”

Logan Flatt, CFA presents You Don’t Own Real Estate. Real Estate Owns You. posted at PowerWealth.com, saying, “Many Americans believe that real estate can do no wrong as an asset class upon which they can build wealth. I disagree. Building wealth through real estate depends on your ability to distinguish among the three types of real estate ownership – investment, speculative, and personal. If you don’t know the differences, you may soon discover that you don’t own real estate, real estate owns you.”

That concludes this edition. Submit your blog article to the next edition of real estate and mortgage investment using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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Articles – August 16, 2007

Real Estate Investment Blog Carnival hosted by Vancouver Home Mortgage:

Blog Carnival

real estate investment

Welcome to the August 16, 2007 edition of real estate investment.

Alvaro Fernandez presents Training the Aging Workforce posted at SharpBrains: Your Window into the Brain Fitness Revolution, saying, “A trend to be aware of-who doesn’t age? our brokers? our clients?”

Jason Elder presents 100k In Credit Card Debt Is No Reason To Go Bankrupt posted at A Bankruptcy Lawyer’s Blog, saying, “Years ago bankruptcy was only used by business to obtain relief from its debtors. Today 1 out of every 7 people has filed bankruptcy and walked away from thousands of dollars of credit card debt.”

Aaron Wakling presents Protecting Your Credit Card Information Online posted at The Credit & Credit Card Blog, saying, “While shopping online is the latest and greatest trend for consumers, hackers and other dishonest people have also turned to online shopping as a way to obtain credit card information for fraudulent use.”

Eric Hudin presents Protecting Your Finances and Assets Offshore posted at My Estate Planning Career Blog, saying, “When it comes to the question of when to protect your assets and finances offshore your financial, legal and tax advisers will always tell you there is no such thing as taking action to protect your fiscal situation too soon, especially if you want to go offshore for some form of direct affluence protection reasons.”

Allen Taylor presents Good Stock Investments – How To Spot The Best Stocks For Your Portfolio posted at Investing World Today, saying, “So what are some good stock investments for your portfolio? Just about everybody wants to know this. The truth is, the answer all depends on what type of investor you are.”

Tim Ramsey presents Consumer Debt Is A Financial Killer posted at My Debt Relief Blog, saying, “A crucial step in creating wealth is to reduce your dependence on credit cards and ensure future monthly payments on all of your cards combined never exceeds 10% of your after tax income.”

Eric Stanley presents How To Start Saving Money posted at Personal Finance Blog Articles, saying, “Here are three strategies you can put to work immediately in your life-”

Thomas Humes presents Value Creation Creates Wealth posted at Wealth Building World, saying, “If you truly want to be rich then you need to find a way to create as much value in the world as possible. Rich people go around asking themselves what they can do better for other people. They understand that if they can make life easier and/or better for as many people as possible, they will get rich.”

Chris presents Why it doesn’t necessarily pay off to buy your own house in the US, Australia or Europe posted at nomad4ever.

Home Financing

John Crenshaw presents Top 3 Reasons Mortgage Rate Shopping Will Kill You posted at Truthful Lending dot Com, saying, “It’s true…you will cause yourself nothing but pain by shopping for a mortgage based on rate alone. Read on to find out what I mean.”

edithyeung presents The Money Series – How to Manage and Maintain your Bank Account? posted at Edith Yeung.Com: Dream. Think. Act..

Investment

Warren Wong presents How To Pick A Good Stock posted at Personal Development for INTJs, saying, “Do you know how to pick a good stock? Here’s how to find a good long term investment!”

Larry Russell presents The Biggest Personal Finance Story of the Past 30 Years (Part 2) posted at THE SKILLED INVESTOR Blog, saying, “The biggest personal finance story of the past 30 years has been the dramatic growth of the market capitalization of financial services firms within the U.S. equity markets. The reason that this is so important to your personal finances is pretty straightforward. Simply put, most individuals pay far too much for financial products and services. Their continuing over payments show up in the increasing value of financial services company stocks. People have paid far too much for years, and the industry’s excessive charges have been increasing for years.”

KCLau presents How A Fresh Graduate Plan to Retire in 8 years posted at KCLau’s Money Tips, saying, “A committed fresh graduate tells his story about his desire to plan for retirement as soon as possible.”

Allen Young presents Lessons From Flipping Out posted at Lessons From Flipping Out, saying, “Lessons on real estate investing from the Bravo tv show “Flipping Out””

That concludes this edition. Submit your blog article to the next edition of real estate investment using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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