It is simple but it is also depends what kind of answer you are looking for.
If it is for your own benefits, then Mortgage Brokers would save you allot of time. They are able to find the right product for you so you don't have to shop around for weeks or may be months from bank to bank.
It is also important to understand, that by using financial services your providing jobs, which means supporting economy of your own country.
If you are from Australia, then try this website - http://www.aussiebestloans.com.au/
They working with "TOP 100" Brokers in Australia
Good Luck
Nick
First you will need a copy of your income, bills, and mortgage itself. Next you will need to find the rates specific to your location. This can be done by seeing a mortgage broker or watching you local news.
Mortgage brokers do not lend money. The have knowledge of the lending market, and guide potential buyers, who need to find a mortgage to purchase a property. The mortgage broker offers advice and recommends the most appropriate mortgage for the buyer. Advice is usually free, but the broker will take a commission from selling a mortgage, paid by the mortgage lender. Its best to seek advice from an independent broker in order that are not tied to one lender, or can only offer you a limited range of mortgage products. As well as mortgage advise, mortgage brokers will also offer other products such as insurance.
You do not need a college degree to get a mortgage broker license, however, the process you must go through is tedious. A mortgage broker must have a broad and extensive knowledge of local laws and a relationship with several financial institutions in order to serve several different areas and clients. Although you may not need a college degree, it's advised that you have a bit of legal experience with real estate.
Mortgage brokers help their clients find the best lending rate when financing a mortgage. One can look in the yellow pages of the city they live in to find a mortgage broker that is right for them. A realtor will be able to suggest a good mortgage broker as well, as they often work closely together.
Yes In the US, no.
A broker needs to register at various sites that provide mortgage rates comparisons for customers. These sites act like a marketplace connecting brokers with potential customers.
I think there was no difference between supervised Mort Broker and Mortgage Broker. from the following link you can get the information about total cost of Mortgage Broker au.pfinance.yahoo.com/home-loans/features/online_homeloans/index.html
First you will need a copy of your income, bills, and mortgage itself. Next you will need to find the rates specific to your location. This can be done by seeing a mortgage broker or watching you local news.
You need to apply at www.corp.ca.gov You also need to apply with www.dre.cahwnet.gov
Mortgage brokers do not lend money. The have knowledge of the lending market, and guide potential buyers, who need to find a mortgage to purchase a property. The mortgage broker offers advice and recommends the most appropriate mortgage for the buyer. Advice is usually free, but the broker will take a commission from selling a mortgage, paid by the mortgage lender. Its best to seek advice from an independent broker in order that are not tied to one lender, or can only offer you a limited range of mortgage products. As well as mortgage advise, mortgage brokers will also offer other products such as insurance.
Capstone instutute of Mortange Finance offers mortgage broker training. http://www.capstoneinstitute.com/ I think that your best bet would also be talking to a local Mortgage Broker and seeking their advice.
You do not need a college degree to get a mortgage broker license, however, the process you must go through is tedious. A mortgage broker must have a broad and extensive knowledge of local laws and a relationship with several financial institutions in order to serve several different areas and clients. Although you may not need a college degree, it's advised that you have a bit of legal experience with real estate.
Yes In the US, no.
Mortgage brokers help their clients find the best lending rate when financing a mortgage. One can look in the yellow pages of the city they live in to find a mortgage broker that is right for them. A realtor will be able to suggest a good mortgage broker as well, as they often work closely together.
A mortgage broker is a person or company that helps borrowers find a mortgage loan. They do not borrow their own money but work with a network of lenders to ensure the best lending solution for each borrower's individual needs. For borrowers who are not sure what to do or want to make comparisons between rates of various lenders, mortgage broker may be a useful resource. In addition, they may help to obtain mortgages for a borrower who is in difficulty with his credit or another problem. Here are some of the advantages of working with a mortgage broker: They can help you find the best interest rate and terms for your mortgage. They can work with borrowers with poor credit or other challenges. Here are some of the disadvantages of working with a mortgage broker: They may charge a commission, which can add to the cost of your mortgage. They may not be as familiar with the specific requirements of each lender. They may not be as responsive to your needs as a direct lender. Ultimately, the decision of whether to work with a mortgage broker is a personal one. If you are comfortable doing your own research and comparing rates, you may not need a broker. However, if you want the help of a professional who can guide you through the process, a mortgage broker can be a valuable resource.
The easiest way to increase your mortgage broker services is to go into commercial mortgage brokering. There is a fantastic book that provides you with all the information you need to make the transition. See related link.Commercial mortgage brokers are still making nice money in some areas, regardless of the economic downfall.
"To become a mortgage broker in Massachusetts, you will need to apply through the National Mortgage Licensing System. Once that is done, you will be walked through a series of training and testing, equaling about 20 hours. There is a fee involved, as well as a requirement for continuing education after you are licensed."