Who make more money, realtor or mortage officer by everage?
I read that they use same license, is it true? How do you start work for a mortgage office?Answers: Depends on your state in the region of the license. In California you have impossible to tell apart license. In Utah you have both, but cant work on impossible to tell apart transaction. In California you can. There are lots of rules.
To your question of who make more. I would say the top 5% of existing estate agents make more consequently the top 5% of loan officers. They enjoy a higher commission. But I would influence if you take the middle of that same two groups the loan officer make more. The reason human being a loan officers pipeline might enjoy 5 loans, where a genuine estate agent in matching group might have 1 operation. If the loan officer loses 1 deal he/she have another 4. Its like mcdonalds the more you hold the safer you are.
You can make money contained by either. If you expect to be the top producer within your market be in motion for real estate. If you are looking to form 100K a year go loan officer. Its much easier to formulate that as a loan officer. Its much easier and its a bigger market. And its much cheaper to do loans afterwards driving some borrower all over hell and support that might just be looking for a free lunch.
10K Real Estate
25K Real Estate
50K Loan Officer
75K Loan Officer
100K Loan officer
150K+ Real Estate Agent
Ive done both and hold trained both.
Good Luck
there are one and only a few states that allow agent to be mortgage brokers you will soon see these laws exchange!
contact a company that is hiring within are several companies hiring at the moment. a broker makes fully clad money and is not hindered by location. some companies allow thier brokers to do loans in most of not adjectives of the US. where as realtors are stuck within thier area's.
some companies allow you to work from home but i wold suggest a company that gives you biddable training and depending on your state is is advisable to take a mortgage broker course! Even if its not required!
the comission for newbies usally starts around 50% commission not a discouraging deal considering genereally averge fees of 4000.00 on a 200k home. the averages swing but its a good average 2% of the loan amount is acualy low as far as the national averages but witht he "CRISIS" it is a polite average.
here is a place to contact to get more information! they should know how to guide you in the direction you want to run
Good luck!
Best Mortgage Financing?!? VA or Traditional loans surrounded by today's market--?
Which is the better way to nouns a home...Home price... $230K
Available liquid funds (not including retirement of course) $70K
Excellent Credit: 750 score
Traditional Loan, putting $50K down (little over 20%) OR
VA Loan
what speak you??
Answers: Go conventional if you can. You wont have mortgage insurance. Government loans own a cheaper rate, but not enough to label up your mortgage insurance. You wont have mortgage insurance near 20% down on conventional. I wouldnt even consider a VA under what you hold said. Go fannie mae or freddie mac. Here is the VA funding fee chart. If you are exempt from the funding levy it might be another issue. But from what you said go conventional.
http://www.homeloans.va.gov/docs/funding...
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Does anyone know a suitable broker within brooklyn that doesn't charge a payment?
looking for an apartment (1 or 2 BR) but would like near to be No FeeAnswers: you're kidding, right? No broker surrounded by their right mind will do the legwork for you to find an apartment, for free. you should just stick to reading the classifieds within the paper, or going on apartments.com, or craigstlist. Think in the region of it this way, would you do your OWN available job for free?? I don't think you would, so don't expect anyone else to.
I don't know any Realtors that work for free.