Even in this challenging market, there are still between 40,000 to 50,000 properties being financed every month!
Much has been written about the state of the housing and financial markets.
The US sub prime meltdown, trillion dollar bailouts, the cost of funds etc.
There has certainly been a shake out and some of the major non-bank lenders who once dotted the financial landscape are gone.
Property is still a major asset in Australia and many people still aspire to the dream of owning their own home.
Whilst in many areas values have reduced considerably causing pain and grief to some, it also offers affordability to others... and they need finance.
Investors are enticed by some of the developers liquidation bargains and repossession sales... and they need finance.
The numbers may have changed but the need for finance will always exist.
We are a well established mortgage and finance group.
As part of our expansion plans we are recruiting and mentoring>>suitable candidates throughout Australia and New Zealand toward building their own mortgage business.
We also have very exciting opportunities for team leaders>>.
The Rewards
To offset some softening in the market, it is now becoming common for modern day mortgage broker to add extra products and services including general finance (car, equipment, personal loans etc) and insurance (life, disability ).
Whilst there are very healthy commissions and renewal fees associated with general finance and insurance, let's here focus on mortgages.
As an accredited mortgage broker you can earn income from 2 primary sources
1.An up-front commissionof approx 0.40% to 0.60% of the loan amount depending on the chosen lender.
This means you can receive around $1,500 to $2,000 upfront on a typical $350,000 loan
plus
2.trailing commission, of around 0.15% to 0.20% per annum (depending on the lender) paid monthly for the life of the loan!
This means you could also receive over
$50 every month for the same $350,000 loan.
Imagine when you have 50 loans each paying $50 per month.
A business opportunity to become a mortgage broker
Getting Clients!
There are several marketing strategies which we will teach but without doubt it's forming strategic partnerships with compatible businesses including real estate agents, accountants, builders etc which has proven to work the best.
For various reasons, including being paid substantially, these strategic partners can regularly and constantly bring clients to you.
Some brokers prefer dealing directly with the real estate sales people rather than dealing with the agency.
We will go into greater detail when we speak.
A business opportunity to become a mortgage broker
Getting Started!
Almost every major lender and bank will only deal with MFAA 'accredited'>> brokers.
In addition, we also need to comply with the new ASIC licensing guidlines.
It is not as difficult as it may appear.
The certificate 1V>> is ony a short (5 days) or self paced home study course.
You will need to be sponsored and mentored (that's what we do).
As part of our mentoring process, we will help you navigate through the rules and guidelines of accreditation and guide to to success.
We have a structured, industry induction program for new entrants where you can start part time, learn the business, become accredited and make money.
You can start to make money straight away, even before you finish training.
We will explain how.
Please complete the short form below and we will forward you detailed information.
We have a very strong anti spam policy, so remit your details with confidence.
You can opt out of receiving information from us at any time, no questions asked.
Remember that the true value of being a Mortgage Broker is in building your trailing commissions.
Imagine when you have 20 or 30 clients and you are paid $50 per month on each of them, that’s $1000 to $1500 every month while you sleep!
Now imagine that you wrote 2 per wk for the next 4 years?
P.S. Consider buying an existing loan business
"Ability is of little account without opportunity".
