Good time to become a Mortgage Broker?

[FBERNAR]

I know that housing prices are falling, thus cutting into potential profits, but is it a bad or good time to get into brokering because of this? I see that housing is slowly, but surely rebounding and would like to get in before the next boom - if at all there is one.

I have a close friend who did it since he was 19 up until last year and made a killing over those 7 years and I know that I am very much a people person and aim to please.


On a side note, is it possible to do this job 30-40 hours a week while finishing up my degree at UCF (possibly full time).


Thank you in advance to anyone who may respond.


- Fernando

[FBERNAR]

anyone with an opinion?

[FBERNAR]

anyone with an opinion?

[Troy]

I'm sure there are plenty of companies that would be willing to take you on part time or to train you.

I'd start looking for local shops in your area. Not necessarily sweat shops... but maybe a mom n' pop type place that is doing a good volume of business.

Or... go into your local real estate office and find out who they use. If the local real estate agents are referring one place business then you should be able to do pretty well there.

hope that helps..

Troy

[FBERNAR]

So some do pay a salary until you get on your feet in regards to the business?

[Troy]

Yeah, there definitely will be some out there. The pay probably won't be that much or maybe a draw against your commission. Or you could always work as an assistant and learn the ropes that way.

[shubh]

Working as a Mortgage Broker full time or pert time has good scope to grow but first but this business needs strong marketing of self. You need prestige, relations, in-depth reach to the consumer segment. Try to provide all the related services under one roof.

[divengrabber]

becoming mortgage broker is a good oppertunity bt how much output we can harvest frm it?