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What does a Mortgage Broker do?
 
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Colton and Alex discuss what mortgage brokers do, and how they can benefit you. Calgary Mortgage Guys are powered by Canada Mortgage Direct.
Views: 3124 Calgary Mortgage Guys
What Does a Mortgage Broker Do?
 
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Watch this explainer video to learn more about the services a mortgage broker provides. Visit my website to lean more: http://www.scottdawson.ca
Views: 9363 Scott Dawson
How Much Does A Mortgage Broker Make? (Ep172)
 
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How much does a mortgage broker make per deal and how much do they tend to make per year? Mortgage brokers are paid on a commission basis from the banks or the lenders that supply you with your loan. So how much do mortgage brokers make? We are going to break this into two categories, firstly, how much they make per deal and secondly how much they generally make per year. Today we're talking about mortgage brokers and more specifically how much they make per deal and how much a mortgage broker tends to make per year. http://onproperty.com.au/172 - Visit the site for a full transcription and downloadable audio version of this video. ------------------------- Get More OnProperty All Over The Internet Podcast (iTunes): http://onproperty.com.au/itunes Podcast (Stitcher): http://onproperty.com.au/stitcher Instagram: http://onproperty.com.au/instagram ———————————— Want to learn the exact methods I use to find positive cash flow properties all over Australia? Sign up for the Positive CashFlow Academy today http://positivecashflowacademy.com
Views: 34862 On Property
What is MORTGAGE BROKER? What does MORTGAGE BROKER mean? MORTGAGE BROKER meaning & explanation
 
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What is MORTGAGE BROKER? What does MORTGAGE BROKER mean? MORTGAGE BROKER meaning - MORTGAGE BROKER definition - MORTGAGE BROKER explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions have sold their own products. As markets for mortgages have become more competitive, however, the role of the mortgage broker has become more popular. In many developed mortgage markets today, (especially in Canada, the United States, the United Kingdom, Australia, New Zealand and Spain), mortgage brokers are the largest sellers of mortgage products for lenders. Mortgage brokers exist to find a bank or a direct lender that will be willing to make specific loan an individual is seeking. Mortgage brokers in Canada are paid by the lender and do not charge fees for good credit applications. Many mortgage brokers are regulated to assure compliance with banking and finance laws in the jurisdiction of the consumer. The extent of the regulation depends on the jurisdiction. Only one state within the United States has no laws that govern mortgage lending. A mortgage broker works as a conduit between the buyer (borrower) and the lender (banks and non-bank lenders), whereas a loan officer typically works directly for the lender. Many states require the mortgage broker to be licensed. States regulate lending practice and licensing, and the rules vary from state to state. Most states require a license for those persons who wish to be a "Broker Associate", a "Brokerage Business", and a "Direct Lender". A mortgage broker is normally registered with the state, and is personally liable (punishable by revocation or prison) for fraud for the life of a loan. A loan officer works under the umbrella license of an institution, typically a bank or direct lender. Both positions have legal, moral, and professional responsibilities and obligations to prevent fraud and to fully disclose loan terms to both consumer and lender. Agents of mortgage brokers may refer to themselves as "loan officers". Mortgage brokers must also be licensed through the Nationwide Mortgage Licensing System and Registry (NMLS). The purpose of the NMLS is to improve and enhance mortgage industry supervision, create better communication from state to state, and to create consistency in licensing requirements and automate the licensing process to the greatest degree possible. Loan officers who work for a depository institution are required to be registered with the NMLS, but not licensed. Typically, a mortgage broker will make more money per loan than a loan officer, but a loan officer can use the referral network available from the lending institution to sell more loans. There are mortgage brokers and loan officers at all levels of experience.
Views: 2514 The Audiopedia
10 Questions You Should Ask Your Mortgage Broker (Ep268)
 
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What questions should I ask a mortgage broker? If you’re dealing with a mortgage broker there’s some questions that you should ask both on your first meeting with the mortgage broker and throughout working with your mortgage broker to make sure that you’re getting the best service possible. I’m going to go through 10 different questions that you can ask your broker to make sure you’re getting the loan that you need and the service that you want. The first question that I think everyone should ask a mortgage broker is a pretty straightforward one. And that’s, “How much will it cost me?” Most mortgage brokers actually work for free. So it doesn’t actually cost you anything in order to do it. They get money because they are paid by the banks when you successfully get a loan. So they get a small commission of the loan that you apply for and if you get it. So most mortgage brokers will work for free and it won’t cost you anything. However, there are some mortgage brokers out there who do require deposits or who do require you to pay. So, it’s important to ask, “How much will this cost me?” when assessing which mortgage broker you want to go with. Another question that you want to ask the mortgage broker is simply, “How much do you earn in commission from me and from my loan?” This is less to understand exactly how much they make. If you want to understand how much mortgage brokers make, I’ve done an episode on that, which you can check out at onproperty.com.au/172. And you can see what percentage of commissions they make and things like that. But it’s more to understand whether or not they’ll be willing to give you this information. A transparent mortgage broker is someone that’d be willing to give you this information and you know that they have your best interest at heart. If they skirt around this issue and they don’t tell you how much they earn. Well then that would send out red flags for me because I can’t trust them to put my best interest at heart because there are some circumstances where one loan will earn them more money than a loan that could potentially be better for me but not as good for them. So, I’m just trying to establish whether or not this mortgage broker is someone that I can trust. And by asking them the big question, the money question, “How much will you earn from me?” That’s a great way to understand whether or not you can trust them. So ask that question and see how they respond. ------------------------------------------- http://onproperty.com.au/268 - View the full transcription and audio version of this episode. http://onproperty.com.au/free - See real positive cash flow property listings
Views: 18662 On Property
Loan Officer vs Mortgage Broker
 
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Understanding the difference between a bank Lender, Loan Officer, and a Mortgage Broker with Bay Area Realtor Phil Evans and Loan Officer Phil Caulfield.
Views: 14796 Phil Evans
Mortgage Choice - What does a mortgage broker do?
 
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Jessica Darnbrough from Mortgage Choice gives you tips for purchasing your home If you are thinking of buying property or refinancing in the not –too-distant future, you may be considering whether or not you should use the services of a mortgage broker. If you haven’t used a mortgage broker before, you may be wondering what the advantages or benefits of doing so are. First and foremost, a mortgage broker can save you time, confusion, hassle and possibly money by helping you find a suitable finance solution for your individual financial situation, needs, wants, lifestyle and objectives. With access to an extensive panel of lending institutions such as banks, non-banks, credit unions and building societies, mortgage brokers offer what an individual lender cannot – choice. But how do you choose the right mortgage broker and what questions should you be asking a mortgage broker to ensure you pick the right one? Firstly, it is important to ask your mortgage broker whether or not they are part of an industry body. All mortgage brokers are required to be a member of either the MFAA or the FBAA, so if your broker isn’t a member, then it might be worth considering dealing with someone else. Secondly, ask your broker how many lenders they have on their panel. A good mortgage broker will have access to at least 20 lenders and therefore hundreds of loan products, which means they should be able to help you find the right product for your needs. Thirdly, it is definitely worth asking your mortgage broker how they get paid. The good news is, as a customer, you do not have to pay your broker for the great service they provide, the bank does. Basically, your broker will present all the different options to you and once you have chosen which lender to go through, the application is submitted and approved and you are settled in your new home, that lender will then pay your broker a commission for assisting in setting up the loan. What is important to note is that most lenders pay different commission, so you may be forgiven for assuming that if one lender was to pay more commission than another, then your broker may be swayed to present that lender as a more suitable option. Thankfully however, at Mortgage Choice, our brokers are paid the same regardless of which lender you choose, as long as it’s a residential loan from our panel of lenders. This ensures Mortgage Choice brokers focus on the right outcome for you. If you would like more information on how a mortgage broker gets paid, or if you would like to speak to your local mortgage choice broker, call us today on 13 66 78.
Views: 1756 Mortgage Choice
What's It Like To Be A Mortgage Broker
 
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https://www.nationwidefinance.com.au https://www.whyjames.com.au https://www.twitter.com/nationwide_co https://www.facebook.com/nationwidefinance I got an email the other day from a friend who is considering a career in the Mortgage industry. He asked me what it's like and if I have any tips for him so after I spoke with him I thought it'd be a cool idea to do a video on what it's like for a mortgage broker and give a few tips.
Views: 19061 James Tsimopoulos
What is a Mortgage Broker? Why Use One?
 
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http://MortgagesInVancouver.com Hi everyone! How are you? It is Leah Coss with Mortgage Center, and I wanted to actually go over what the heck a mortgage broker actually is. What is the difference between a mortgage broker and an independent mortgage broker? How much mortgage brokers cost, if anything? And really, what is the difference between coming to me, as opposed to just walking into your bank? Well, let's take this from that last one. What's the difference between going to your bank, and going to me? Well, there is two main things. The first thing is obviously, if you go to the bank, you are only choosing from one set of products from one lender. There is no real competition aspect. So by going to them, you are just choosing from one set of products. By going to me, you're choosing from 40 different products. I've got a huge list of lenders, banks as well as non banks. If you are curious what non banks are check out my blog. It will tell you there the difference between non banks, banks, and private lenders. Those are the three main categories for financing. Because of that obviously, I have created two different things; one, variety and selection. There are many different products out there. If you are self employed, or if you are a new immigrant, or if you are buying a previous grow op, or if you want to buy a rental property, those are going to be four different lenders that I would send you to based on those different criteria. So, by going to your one bank, they may decline you, whereas with another lender, you would be approved in a second. So going to a mortgage broker is obviously saving you time, it's giving you variety. Now, second thing is, what about fees? Well, if you were working with a mortgage broker, and they are trying to charge you a fee by sending you to just a regular lender, a bank or a non bank, drop them, drop them, drop them, drop them. There should be no fees involved. The banks and the non banks, they pay us. Again, we're getting huge volume discounts. We're bringing them business. We are basically working like salesman for them, and so because of that they are paying us a commission. That's where you are going to need private financing. Private lenders do not pay us anything. You have to pay them a fee. You also have to pay us a fee. So, that is how that works. Other than that, it should always be free to use a mortgage broker. We work for you, not for the lenders. Now, what was the last thing? Oh! What is the difference between a mortgage broker that works in a bank, and an independent mortgage broker? Well, I'm sure after this post, I will get many letters from different banks and different mortgage brokers who work for banks, but this is how I am going to say it. People who work for a bank are not a mortgage broker. They call themselves a "Mortgage broker," but they are not. They do not have to go through the same licensing that I do. They do not have to go through the same education and schooling that I have to. They are simply a bank employee who has been shifted into the mortgage department, and is now doing mortgages. They may call themselves "Mobile mortgage brokers," or all these things, but they are not an independent mortgage broker. If you go into Scotia, and you talk to their mortgage broker, you are only going to be offered Scotia products. Where is the brokering in there? There is no brokering. If you walk into TD, and you talk to a TD mobile mortgage specialist, they are not a broker. They are only brokering TD products. Going to an independent mortgage broker is crucial. Ask the mortgage broker, "Do you work for any one bank?" If they say, "Well, yeah. I work for CIBC, or HSBC," or something, they are not a mortgage broker. They are only going to sell you those bank's products.
Views: 23464 MortgagesInVancouver
How Much Does A Mortgage Broker Make?-Really!
 
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http://onlinewithjohn.com - How Much Does A Mortgage Broker Make? I can remember that for over 10 years I was mortgage Broker. When I was looking for a career I asked someone how much does a mortgage broker make? I was really excited when I found out. I made really great money for 10 years. Then it ended with the Mortgage Crisis. When somebody asks me how much does a mortgage broker make I tell them they made alot of money 5 years ago. You should click the link above and checkout my Internet Marketing Business
Views: 7438 John Richards
How Do Mortgage Brokers Make Money?- This Is How!
 
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http://www.onlinewithjohn.com – How Do Mortgage Brokers Make Money? How do mortgage brokers make money was a question I was asking a few years back. I ended up being a mortgage broker for about 10 years. I did really well and made great money. Once I found out how mortgage brokers make money and how much they could make I got pretty excited. Mortgage brokers make their money in 3 ways. The first way is they get paid an origination fee. This is what the borrower pays to have the loan done. Then you get a yield spread premium. This is the money the lenders pays you based on the rate. The higher the rate the more yield spread premium you make. Then you split fee with other loan originators that work for you. The more originators that work for you the more fees you get. Let me take you in a different direction. Sounds like you might be just starting your search if you’re looking for how do mortgage brokers make money . I left the mortgage business after the mortgage crisis because of all the new government restrictions. All the new testing. It became very tough. It became almost impossible to close a loan which killed my income. I was introduced to internet marketing. Everything is moving towards the internet. I realized if you could market on the internet you could sell anything. I am also partnered up with some 7 figure earners. Let me give you an alternative. Go see what I am doing with internet marketing. Just click the link above and we can talk on the other side. If you’re in transition or just starting out this could be a great move for you. It was the best thing I have ever done. I am in control. Go click the link above and we will talk soon. https://youtu.be/esBAS4wpIog
Views: 4280 John Richards
What Does Being a Mortgage Advisor Entail?
 
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Mortgage Advisor Richard White explains the responsibilities of his profession. We learn that the profession requires a large amount of communication with individuals such as current clients, prospective clients, and operation staff. Richard explains that since the position is a sales job, it is likely that you attend meetings or events. Company Website: http://www.awiseway.com Join Mailing List: http://eepurl.com/4O_iD Social Media: Facebook: https://www.facebook.com/AWiseWay Twitter: https://twitter.com/awiseway Instagram: http://instagram.com/awiseway Mission: To help people act, think, and live wiser through knowledge provided by the experienced and well qualified. A Wise Way Organization is dedicated to providing the world with the proper words of advice through video interviews, books, and written stories. We have developed highly valued material by interviewing professionals about their career, and individuals about their success in overcoming a particular hardship. A Wise Way is aware of the rapidly growing trend of learning both quickly and easily. The younger generation in particular, is interested in learning the most information in the shortest amount of time or what we call “INSTANT LEARNING”. By creating concise material under 5 minutes, we appeal to those who seek this method of education for their primary source of information. We know that with our condensed informative content, we are improving this new way of learning. Our committed staff consists of Humanitarian Award Recipients, highly experienced community mentors, and people who are going through the trials and tribulations themselves. Most importantly, our staff consists of individuals who have based their lives around helping others understand what it takes to succeed in life. We truly believe that everyone has the potential to share information in order to help others. You can help us reach more people by sharing our mission, participating in an interview, or by simply sharing our videos. Your support is highly valued, as any effort is a major contribution in educating and influencing others.
Views: 430 A Wise Way
What is a real estate mortgage broker career & how to become a real estate mortgage broker
 
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Try my business apps http://www.problemio.com for more business help. In this tutorial, Christopher Stafford shares what it takes to become a good and successful real estate mortgage broker. To learn more about how to become a successful real estate mortgage broker, visit Chris's website http://www.tpblueprint.com If you are starting a business, you may be interested in my book on how to go from business ideas to starting a business: http://www.amazon.com/Business-Start-up-Ideas-Comprehensive-entrepreneurs/dp/1495261840 In this video, I ask Chris what is a real estate mortgage broker, and how to become a real estate broker as a career. To become a real estate mortgage broker, you need a real estate license. There should also be a differentiation between a mortgage banker, and a mortgage broker. A mortgage banker is somebody who works for one bank, and gives loans from only the bank that they work with. A mortgage broker takes your information, and takes it to many different lenders. To be a real estate mortgage broker, you have to be a salesperson because these deals don't just fall on your lap. You have to go out there and get those deals. Also, if you want to become a real estate mortgage broker, there has been some legislation passed in 2009 restricting what you can do. So make sure you understand how that legislation impacts your own work as a real estate mortgage broker. what is a real estate mortgage broker real estate mortgage broker how to become a real estate mortgage broker how to be a real estate mortgage broker Book on going from business ideas to starting a business: https://www.youtube.com/watch?v=XtmJEeZmiig What is a business model: https://www.youtube.com/watch?v=dsUz6lfXCkE Video of step by step process on how to start a business: https://www.youtube.com/watch?v=goGyLtvKNeA What is a business plan https://www.youtube.com/watch?v=T63QsuNIwZA Course on how to start a business: https://www.youtube.com/watch?v=kgyLxrhgdAk Fundraising course on how to raise money: https://www.youtube.com/watch?v=EwT3oXlCRdA Fundraising strategies book: https://www.youtube.com/watch?v=wczuIohbG7k Hiring tips and strategies: https://www.youtube.com/watch?v=LEPLs1dOBZg Entrepreneurship playlist: https://www.youtube.com/watch?v=c1fcvHu26XQ&list=PLAgq5S6WQmzFQsL2NvOU2wVGnz92xhPEA How to protect business ideas with NDA https://www.youtube.com/watch?v=3LQtO7q8xug How much to pay yourself as the business owner: https://www.youtube.com/watch?v=k1dq4vjT5z0 Top reasons why businesses fail: https://www.youtube.com/watch?v=yXZ9IT-bUw4 How to start a business with no money https://www.youtube.com/watch?v=8gTZknxNoZg What is ab testing and how to do ab testing: https://www.youtube.com/watch?v=BTjGBwRBI10 How to work from home efficiently and be productive: https://www.youtube.com/watch?v=S0OIf6R-sak Different types of business risk: https://www.youtube.com/watch?v=NlQgo1KYEqw Should you use a web hosting company for a website: https://www.youtube.com/watch?v=Ba69JkQLqwY How to open your own franchise business: https://www.youtube.com/watch?v=A_cnPMNJLRs How to pitch your business: https://www.youtube.com/watch?v=m8F6kVEUqIE How to stay motivated as the entrepreneur starting a business: https://www.youtube.com/watch?v=OURdhu3AVNI How to find business partners and co founders: https://www.youtube.com/watch?v=SJ0diYwM3Wk Starting a business with no experience: https://www.youtube.com/watch?v=PWbQtguyywk Entrepreneur health: https://www.youtube.com/watch?v=60OVfcYw1uw How to manage your time as an entrepreneur: https://www.youtube.com/watch?v=M96v03kCMkI What is a business mission statement and why it is needed https://www.youtube.com/watch?v=0c8_8YV47ug How to get out of poverty by starting a business: https://www.youtube.com/watch?v=20eX43HsaIo What is a real estate appraiser and how to become one: https://www.youtube.com/watch?v=lMvY3umALt4
What are the differences between a real estate agent and a mortgage broker?
 
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Finding the right people to help you on the home buying journey can be challenging. In this episode, we discuss the differences between a real estate agent and a mortgage broker as well as their roles in home buying. We discuss the following questions: - Difference between a real estate agent and mortgage broker - Who would you talk to first? - Are there mortgage brokers who are also real estate agents? - Do you go with both in the same company or is it better to be separate? Prefer to read or need to take notes? See the transcripts: http://stories.brookfieldresidential.com/homebuyersschool/difference-between-a-real-estate-agent-and-a-mortgage-broker SUBSCRIBE TO THIS CHANNEL for more home buying strategies, tactics, and tips: https://goo.gl/aX7gkz Get educated on the home buying process: http://stories.brookfieldresidential.com/homebuyersschool
Views: 473 Homebuyer's School
How to Get Your Mortgage Broker License
 
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For more info and 1-step ballpark estimate go to http://www.jwsuretybonds.com/info/videos/license-permit/become-licensed-mortgage-broker.htm "If you’re trying to become a mortgage broker, getting your mortgage broker’s license is the first step. Fortunately, JW Surety Bonds can help, and below this YouTube video is a drop down tool that is integrated with the Nationwide Mortgage Licensing System. This tool lets you select the state in which you’re trying to get licensed, and will provide a roadmap to everything you need in one convenient place. Bookmark our page to make it easier to access in the future. The licensing process is pretty similar across state boundaries, and the total cost will be made up of your state application fees and your surety bond cost (if the state requires one). Below this video, you can calculate this cost for each state and the amount of the bond you’ll have to post. Here at JW Surety Bonds, we write enough bonds that we can get you your bond costs instantly. Unfortunately, there’s no federal licensing system, so if you have a license in one state, you can’t apply it to your business in another. Since every state has a different bonding and licensing regimen, it may be more difficult to get a bond in some states than in others. Fortunately, as the largest US surety company, JW Surety Bonds approves nearly everyone who applies, so we can help with getting a surety bond in any state! Given how easy it is to get approved for a bond, you can calculate your future surety bond cost and get one with JW Surety Bonds today.
Views: 5776 JW Surety Bonds
Should I go to a Broker or a Bank?
 
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Colton and Alex discuss a few of the benefits of utilizing a mortgage broker instead of a bank. For more information please visit us at: www.CalgaryMortgageGuys.com There are a lot of reasons to utilize a mortgage broker over a bank. Better customer service is just the beginning. Aside from excellent service and availability, mortgage brokers have several advantages over banks: Mortgage brokers negotiate on your behalf with an array of lenders. This way we can compete the lenders offers against each other and leverage the best possible mortgage products for you. A bank's mortgage agent is salaried, so they are paid to negotiate only on behalf of the bank. A bank employee has no incentive to look out for your best interests, and is in fact paid to negotiate solely in the best interest of the bank. Bank employees are also salaried and have little incentive to deliver quality customer service - it just isn't essential to their business model. A mortgage broker is a singular point of contact for all of your mortgage needs. You will know exactly who to contact if you have any questions about your mortgage product or it's features. Calgary Mortgage Guys are powered by Canada Mortgage Direct.
Views: 10340 Calgary Mortgage Guys
Quicken Loans vs Mortgage Brokers
 
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Update! Quicken Wholesale has been pricing well lately (fall 2018) and I've placed multiple clients into loans with the wholesale division. Remember there is a difference between wholesale and retail so remember to do the math and compare. When shopping for a mortgage, doing your homework can save you time and money. Here I talk about the difference between Quicken Loans and Mortgage Brokers. Just because a company is famous doesn't mean they're the best option out there. The math matters!
Views: 8963 Real Estate Advocate
5 reasons to choose a Mortgage Broker over a Bank
 
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The 5 main benefits of using a mortgage broker instead of going directly to the bank. Let Mortgage Choice in Perth find the right loan for you.
Mortgages 101 - Dumb Questions, Smart Answers - What Do Mortgage Brokers Do?
 
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Mortgage brokers save you money and provide you with the unbiased advise you deserve, all at no cost to you!
Views: 61 Adam Hawryluk
How much does a mortgage broker make
 
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When working with a mortgage broker they will generally offer their services to their clients fee free. The reason behind this is that they will receive a commission from the credit facility for securing the deal on their behalf. So how much does a mortgage broker actually receive… well it all depends! And in truth it is hard to put down concrete numbers because it will vary significantly from lender to lender. Mortgage Broker will tend to work with an aggregator. An aggregator is basically a platform that brokers can access to give their customers a wide choice of lenders and products. For the use of this service the broker will have to pay a monthly fee or in most cases split the commission. Again, this varies depending on the aggregator platform and the volume of business that is actually written. That aside a broker will receive commission in two different formats if they were to sign up your business. The first, is the upfront commission which is generally the largest proportion. This can range from 0.2% to 0.7% this is a big variance if we were talking about a loan in the $450k to $500k range. But believe me most will be paid at the lower end of that range. Also if you pull out of the loan in the first couple of years or default the broker could need to rebate some or all of that commission. The second aspect is the trail commission. Trail is the by product of the loan and is associated with a wide range of products including insurance and investments. Now this trail figure will be paid on a monthly basis and could be paid for five years or in some cases the life of the loan. And the average loan has a life of about four years. Also, there is no certainty that a trail will even be paid. Typically it can range from 0.01% to 0.2/0.3%. Again it generally on the lower side. To ensure that you are in actual fact getting the best deal ask for disclosure. Appreciate that the broker needs to earn an income, feed the family and keep the lights on but also ensure that their recommended product is best for you and not because it provides the highest comm’s. The Buyers Guide - www.thebuyersguide.com.au - How much commission do mortgage brokers receive?
Views: 3324 Peter Mastroianni
How Are Mortgage Brokers Paid?
 
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What are mortgage brokers paid and how is payment calculated? What is a good faith estimate and how can you tell junk fees from legitimate costs? Watch this Expert Real Estate Tips segment for more information about mortgage brokers fees and how mortgage brokers are paid.
Views: 11186 ExpertRealEstateTips
Broker Mentoring - So you want to be a Mortgage Broker?
 
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So you want to be a Mortgage Broker! We talk to Therese O'neill from Alpha Broker on the mentoring and support programs available for new brokers entering the finance industry. Thanks for watching our video! Links to more information - The Local Loan Company website - http://www.localloan.com.au/ The Local Loan Company Facebook Page - https://www.facebook.com/The-Local-Loan-Company-683651745083064/ Where to find Therese from Alphabroker Website - http://alphabroker.com.au/ Facebook - https://www.facebook.com/alphabrokermentor/?hc_ref=SEARCH
Views: 2217 Money Money Money
Mortgage Broker vs Bank.  WINNER is.....
 
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Videos to help with Mortgage related questions: This channel is for those looking for the Facts behind Everything Mortgages: APPLY NOW. www.TheMortgageUpdate.net Where can I get the best Mortgage Interest Rate: https://youtu.be/q9IBiK1ejEc How can I refinance: https://youtu.be/bAWhE0Y1wn4 DO I qualify for a VA Home Mortgage https://youtu.be/mZRL9yN8BpI Whats the qualifications for an FHA Loan https://youtu.be/XdBUMzSEUts Should I use a Mortgage Broker or the Mortgage Company on TV https://youtu.be/SFaxSoe0owE Are there any Special programs for 1st Time Home Buyers https://youtu.be/2-MEvQnPvdw What is my TRUE CREDIT Score https://youtu.be/r7yWgzESZpA 1st Time Home Buying Mistakes https://youtu.be/2-MEvQnPvdw How to get your Credit Report for FREE https://youtu.be/oeae8J7L0F0 What is a USDA Home Mortgage Loan https://youtu.be/BhJxbQazUJk To APPLY NOW http://1160mortgage.com/applynow Follow me on Facebook for Daily updates on Rates, Programs https://www.facebook.com/TheMortgageUpdate Please leave any comments on any question you may have or a VIDEO you would like to see
Views: 508 Dan Frio
Mortgage Broker vs Loan Officer What's the Difference?
 
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In this video, I'll clear up the reason why I as a REALTOR need to find a mortgage broker or loan officer. I also explain the difference between the two. This was recorded by Shake shack downtown New Haven on the Green. Feel free to leave your comments below (Good or bad, I want to know what you think)! If you’re interested in buying or selling Connecticut Real Estate, feel free to contact me at http://www.CameronNorfleet.com Equipment I use to make videos: Note, this is all of the equipment that I have, I don’t use every piece in every video. • My Vlogging Camera: https://www.amazon.com/gp/product/B01BV14OXA/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=B01BV14OXA&linkCode=as2&tag=cameronnorfle-20&linkId=b9dcef9f6bb4e5997129906f763bf874 • My DSLR Camera: https://www.amazon.com/gp/product/B00894YWD0/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=B00894YWD0&linkCode=as2&tag=cameronnorfle-20&linkId=82aa6d902775a70b5ec69d951d197067 • My Car Camera Mount: https://www.amazon.com/gp/product/B0023ZK2TY/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=B0023ZK2TY&linkCode=as2&tag=cameronnorfle-20&linkId=b55715c64f7928e34233fc8d8f5d47e6 • Camera Gimble: https://www.amazon.com/gp/product/B01MTTZ1L4/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=B01MTTZ1L4&linkCode=as2&tag=cameronnorfle-20&linkId=978f0397fd3dfbad990c2a9b0b629b25 • Voiceover Microphone: https://www.amazon.com/gp/product/B00N1YPXW2/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=B00N1YPXW2&linkCode=as2&tag=cameronnorfle-20&linkId=5014b534495bc1ae35ceca1bc61d64f1 • Shotgun Microphone (I generally use this during interviews, not Vlogs): https://www.amazon.com/gp/product/B0749GV5L3/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=B0749GV5L3&linkCode=as2&tag=cameronnorfle-20&linkId=35d8fdc51a569b9f6a9a4a0cb75c76fe • Tripod: https://www.amazon.com/gp/product/B003XDU2XQ/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=B003XDU2XQ&linkCode=as2&tag=cameronnorfle-20&linkId=6d7639a7a0222d45ef9ee0983d71f3b3 • Small Tripod: https://www.amazon.com/gp/product/B005HY4U4Q/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=B005HY4U4Q&linkCode=as2&tag=cameronnorfle-20&linkId=333ede614e141027170cb485b1eb8afd • Lighting: https://www.amazon.com/gp/product/B01KMTF3ZU/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=B01KMTF3ZU&linkCode=as2&tag=cameronnorfle-20&linkId=57f8d8bc65ce17300fd666948c77ec21 My favorite books: • The first step to financial freedom is to change your way of thinking. The book that did this for me is "Rich Dad, Poor Dad” by Robert Kiyosaki: https://www.amazon.com/gp/product/1612680194/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=1612680194&linkCode=as2&tag=cameronnorfle-20&linkId=5caa476b3c51fc94aaca92039df900bd • A great book for learning how to invest your money to achieve financial freedom is “Investing for Dummies”by Eric Tyson: https://www.amazon.com/gp/product/1119320690/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=1119320690&linkCode=as2&tag=cameronnorfle-20&linkId=709c81b7e9b29787a6b7fab3ae88467b • If you’d like to start your landlording career, I’d recommend "The Book on Rental Property Investing” by Brandon Turner: https://www.amazon.com/gp/product/099071179X/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=099071179X&linkCode=as2&tag=cameronnorfle-20&linkId=86b51b3fdc3316a72063057c974d499b • If you don’t have a lot of money for a downpayment but you still want to invest in real estate, I recommend "The Book on Investing in Real Estate with No (and Low) Money Down” by Brandon Turner: https://www.amazon.com/gp/product/0990711714/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0990711714&linkCode=as2&tag=cameronnorfle-20&linkId=f3e0b46706cc17ffceaa8e7996e9fccc • The book that I recommend to EVERY landlord and anyone that wants to be a landlord is "The Book on Managing Rental Properties” by Brandon Turner / Biggerpockets: https://www.amazon.com/gp/product/0990711757/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0990711757&linkCode=as2&tag=cameronnorfle-20&linkId=bbbde27490a926644f460b3a729211c5 Disclaimer: I am not an attorney, an accountant, or a financial advisor. Nothing in this video should be considered as legal, tax, or financial advice. You should seek appropriate counsel for your own situation. Also, please note that this post is directed toward readers in Connecticut (United States). If you are conducting business outside of this area, I highly encourage you to find and understand your obligations regarding disclosure. Disclosure: This video description contains paid affiliate links. If you purchase products using any of these links, I may receive a commission payment.
Views: 1514 Cameron Norfleet
$50m of sales in his 1st year as a Mortgage Broker!
 
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"We are in the business of prospecting loans, not processing loans." In his first year as a mortgage broker, Bernard Desmond is on-track to write $50m in sales. This multi award-winning broker reveals the 2 things he has built his business on that are crucial for success. Share this with a broker you know and inspire them. Login to the Real Estate Gym for the full interview: https://realestategym.com.au/ Facebook: https://business.facebook.com/tompanos.training/ Instagram: https://www.instagram.com/tom_panos/ Twitter: https://twitter.com/tompanos LinkedIn: https://www.linkedin.com/in/tompanos/ Website: https://www.tompanos.com.au/
Difference Between a Mortgage Banker vs Mortgage Broker
 
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Looking for a new home and wondering the benefits to working with a mortgage broker over a mortgage banker? Explore the differences it makes on your home loan.
What do mortgage brokers do
 
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Mortgage brokers should: • Gather information about your finances, employment and credit history and access your eligibility for mortgages based on that information. • Give you a wide variety of loan and lender choices. • Guide you through the mortgage process. • Help you get pre-approved for a loan. • They should help you present your dossier to the lender. • They will check that all the documents you are presenting are in order. Compare any deal they offer against the best deals you can find on the internet. A lot of people choose to work with the lender without the use of a broker. Choosing your mortgage broker When you are selecting your mortgage broker make sure your broker gets back to you quickly, is willing to explain everything, provide you with multiple options and a timeline to receive the mortgage with a full explanation of the terms and conditions of the mortgage. Questions for mortgage brokers 1. How long have you been a mortgage broker? 2. How many homes did you obtain mortgages for last year? 3. What is your average charge last year? 4. How many buyers do you currently have? 5. Can you give me a sufficient amount of your time? 6. What would your strategy be for my situation? 7. How do you get most of your clients? 8. Please provide references.
Views: 11 HomeHippo.com
How do mortgage brokers get paid in Canada?
 
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A borrower asked me a very important question a few days ago - a question not many ask. "Do you submit my application to the lender that pays you the most?" Tune in for the answer.
What Does a Mortgage Broker Do?
 
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What does a mortgage broker do? We all we can to get you the best rate and mortgage. We deal with most all the major banks and credit unions and can come to you! We do refinancing, purchases and debt consolidation. Call Us today, go to www.ez2comply.co.uk or follow us on facebook on www.facebook.com/ez2comply Thanks for watching!
Views: 78 Danyal Patel
Mortgage Advisor Nottingham - Top Tips for First Time Mortgage Applicants
 
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Paul from Estate Agents Nottingham, Walton & Allen, gives top tips for any first time mortgage applicants. You can visit our website now to book free, impartial mortgage advice in Nottingham https://www.waltonandallen.co.uk/financial-services You can also visit our dedicated mortgage advice website at https://www.wamortgageadvice.com. Including - Mortgage Application Process - Amount eligible to borrow - Deposit Amounts - AIP (Agreement in Principle) - Mortgage Valuations - Solicitors - Exchange and Completion - Best Mortgage Deals - Insurance and Financial Services - Help To Buy Scheme Visit Walton & Allen's website http://bit.ly/WaltonAndAllen to look for your first home or call 0115 924 3304.
HOW I MAKE MONEY | How I Became A Mortgage Loan Officer + Real Estate Industry Tips!
 
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How I Make Money, how I became a mortgage loan officer, mortgage lending training, and real estate industry tips from real estate agents! Study guide I used to pass the Mortgage Loan Officer Licensing test: https://amzn.to/2QFmmGu Click here to use my services and apply for a mortgage loan in the states of LA, TX, MS, and AL https://ciara.floify.com/apply Email Me: [email protected] Follow Me: http://www.instagram.com/CiaraFosterLoanOfficer https://www.facebook.com/ApproveYourLoansFast/ If you need a real estate agent in Louisiana... Get in touch with Kai: [email protected] Get in touch with Kenya: [email protected] → BECOME A HONEYBEE & SAY HI TO ME ← ✧ SUBSCRIBE: https://goo.gl/R6LhMD ✧ FOLLOW: IG: https://goo.gl/KKdQ54 FB: https://www.facebook.com/BodyBeautyBrilliant/ ✧ BUSINESS: [email protected] *FTC: Not Sponsored WHAT I USE: Camera: https://amzn.to/2C5E1U Editing: https://amzn.to/2N3GcMN TAGS #HowIMakeMoney #MortgageLoanOfficer #RealEstate #MortgageLendingTraining #WorkFromHomeJobs this video is about how i became a mortgage loan officer,real estate industry tips,how i make money,how i make money as a mortgage loan officer,how i make money 2018,a day in the like of a mortgage broker,a day in the life of a mortage broker,how i make money online,real estate agent career description,real estate,real estate investing for beginners 2018,real estate agent day in the life,work from home jobs 2018 in usa,secrets of a mortgage loan officer,mortgage lending training,2018
Views: 4436 Ciarahoneydip
The Ugly Truth: Is it Better to Work With Bank Mortgage Specialist or Mortgage Brokers
 
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What's the difference in working with mortgage brokers and bank mortgage specialists? What can bank mortgage advisors do that is better that mortgage brokers? Do people actually need to work with mortgage brokers to get better results? ---===}}}-----------------------------------------------------------{{{===--- Creating Commercial Financing videos is one way to express my passion to help Residential Mortgage Brokers diving into the Commercial Financing space. Thank you for watching and please Subscribe to the channel. I will auto publish on Youtube channel and you will automatically be notified IF you subscribe to my channel, you will get it first. Let me know if you would like me to cover a certain topic of interest. Just remember, it took me years to gain experience and knowledge to be great at what I do so do not expect to be able to do it after a few videos. Visit COMFEA.org or CommercialFinancingMastery.com for the online fast track training or weekend workshop Keywords: Commercial financing, commercial lending, commercial mortgage, mortgage broker, mortgage financing, project financing, apartment financing, MUR financing, commercial financing workshop, small business lending program, Canada Small Business Financing Program, closing, branding, marketing, hard money lending, unsecured business loan
Views: 395 Sua Truong
Advantages of an Independent Mortgage Broker
 
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Looking to purchase a place of your own? Monica and Jimmy are going through the same process, and have a lot of questions about home loans. Who do I go to? How do I know I've chosen the right broker? Am I getting a good deal? A visit to an Independent Mortgage Broker and a leading expert in the field of home loans gives us the inside scoop on how to select the broker that is right for you. We learn that not all mortgage brokers are the same. Finding the right broker is the key to long term savings and securing the right home loan for you. Visit: http://www.designingspaces.tv Like: https://www.facebook.com/DSpacesTV Follow: https://twitter.com/DSpacesTV #DesigningSpaces 104120
Views: 1076 DSpacesTV
Canada mortgage: learn the basics
 
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What is a mortgage, and which lending provisions are right for you? Learn about down payments, the difference between a mortgage term and amortization, types of mortgage rates, and the benefits of a mortgage broker.
Views: 50487 Ratehub.ca
How are Mortgage Brokers Paid?
 
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Colton and Alex discuss how mortgage brokers can offer free mortgage consultation services - where does their compensation come from? For more information please visit us at: www.CalgaryMortgageGuys.com There's a lot of confusion as to how mortgage brokers are compensated. The simple explanation is, lenders have a budget in which they use to pay brokers a "finder's fee" for bringing them new business. Each of the lenders wants your business, because it generates them revenue, so they're willing to pay a small amount of their profit margin as a commission to mortgage brokers. A question that commonly arises is "How do we know you won't just put us with a mortgage that pays you the most commission?" and that's a fair question. Our answer to that is that we all our mortgage deals with complete transparency. If you'd like to see every deal you qualify for, we'll gladly show you so you can pick. Of course we'll give our expert recommendation as well. However, another great answer to that question is to point out that with a mortgage broker they may put you with a lender that pays them the most commission - it really depends on the quality of their character. With a bank's mortgage associate, they are always negotiate on the banks behalf, so you can be certain that you are not getting the best possible deal. Calgary Mortgage Guys are powered by Canada Mortgage Direct.
What does a mortgage broker do? Finance for Living
 
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Andrew Heard, Senior Mortgage Broker and Director at Finance for Living tells what mortgage brokers actually do. http://www.financeforliving.com.au "Hi, I'm Andrew Heard, I'm a Director and Senior Mortgage Broker at Finance for Living. So what do mortgage brokers do? We are an intermediary between banks and clients, so like stockbrokers broker stocks and shares, a mortgage broker brokers mortgages. I think the big advantage of using a mortgage broker is that we have access to 30 different banks' products and services, whereas if you went to your bank, you'd only be dealing with that bank's products and services. So we can compare different products and find the right loan that meets your circumstances. For more information, please contact me at Finance for Living."
Views: 50 Finance For Living
How To Pick A Mortgage Lender When Buying A House
 
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Learn how to pick a mortgage lender when buying a house. Contact me at http://www.tampa2enjoy.com/contact-us/ and Check out http://www.tampa2enjoy.com to view all homes for sale in Tampa and surrounding areas. Here's my updated video on How To Choose a Mortgage Lender: https://www.youtube.com/watch?v=NRkfgkQrwrU If you do not need financing, don’t worry about watching this video unless you want to know more information. This video covers how to buy a house and how to pick a mortgage lender to help you with your home buying process. Finding a mortgage lender is a good place to start after choosing a real estate agent to work with. Make sure to also ask your friends/family who they choose to work with and get a general idea. There are 3 types of top mortgage lenders out there: big banks, mortgage bankers, and mortgage brokers. I personally do not like big banks. If you have a special circumstance, big banks will usually tell you that you do not qualify for a loan, period. However, you may qualify for a home loan through someone else. Big banks are also limited because they are only lending their own money, and if you can’t work around it, then it won’t work for them. I highly recommend looking for local mortgage lenders, try not to use someone out of state. I’ve also worked with several credit unions in the past, and yes, while they do care about their customers, I find that they, unfortunately, provide their loan officers with insufficient training. I’m a big fan of mortgage bankers because they lend their own money but they also do the underwriting for the file in-house. Mortgage brokers have access to several lenders but you want someone who will make sure your loan deal happens because otherwise they won’t get paid until you close. When calling up for rate quotes, make sure to call all of your choices on the same day so that you can get your interest rate locked in. Interest rates change daily so make sure to get your rate quote in writing from the lender. Pick someone who is going to help you with representing your best interests. Make sure to ask the right questions; why should I choose you to work with? What makes you one of the best mortgage lenders for me? Get statistics and information on local schools in Tampa, etc... Click here: http://www.tampa2enjoy.com/area-info/school-info/ Please contact me if you have any questions or would like to set up a free consultation. If you like this video, please give it a thumbs up or give me a comment. Don't forget to "Subscribe" to my YouTube Channel. Love this? Like our page on Facebook.com/TampaRealEstateExpert Follow us on Twitter.com/tampa2enjoy Lance Mohr Mohr Realty Group at Keller Williams 813-317-4009 http://www.tampa2enjoy.com http://www.tampabayrealtypros.com *************************************************************** Find out how to choose a mortgage lender that'll perfectly suit your needs and more when buying a house... Click here: https://www.youtube.com/watch?v=95UcxFXAJ9M
Views: 28052 Lance Mohr
How is a Mortgage Broker gets paid
 
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Josh Higgelke, Founder of Higgelke Mortgage Group creates transparency on how a Mortgage Broker gets paid. Essentially, the lender pays a commission to the Mortgage Broker and the homeowner pays the same if not less by going with a Mortgage Broker. It's always a better idea to use a broker as they can shop around for the best Mortgage to fit your needs. For more information please visit https://www.higgelkemortgagegroup.com
Views: 1380 POD Marketing Inc.
How Much Do Mortgage Brokers Make?
 
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Not as much as you think. In fact 95% of Mortgage Brokers in Australia are paid by the banks which means they are FREE. In this one we explain how they are paid and how you can find the right Broker for you. Like what you've watched so far? Why not book a one on one Strategy Session with us here: https://www.pumpedonproperty.com/serv... WHAT CAN YOU EXPECT FROM YOUR STRATEGY SESSION? By the end of your session you’ll have identified: 1. Where you are right now in terms of your property investing goals. 2. Where you want to be by the time you retire. 3. The roadblocks currently holding you back from achieving your goals and how to address them. 4. Your next action steps. Follow Us Online Here: Website: https://www.pumpedonproperty.com Facebook: https://www.facebook.com/pumpedonproperty/ Soundcloud: https://soundcloud.com/pumpedonproperty DISCLAIMER No Legal, Financial & Taxation Advice The Listener acknowledges and agrees that: • Any information provided by us is provided as general information and for general information purposes only; • We have not taken the Listeners’ personal and financial circumstances into account when providing information; • We must not and have not provided legal, financial or taxation advice to the Listener; • The information provided must be verified by the Listener prior to the Listener acting or relying on the information by an independent professional advisor including a legal, financial, taxation advisor and the Listener’s accountant; • The information may not be suitable or applicable to the Listener’s individual circumstances; • We do not hold an Australian Financial Services Licence as defined by section 9 of the Corporations Act 2001 (Cth) and we are not authorised to provide financial services to the Listener, and we have not provided financial services to the Listener
Views: 169 Pumped on Property
What do mortgage brokers do?
 
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What can a mortgage broker do for you? This video explains it!
Views: 0 Katie Grindon
What do Mortgage Brokers do?
 
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There is a huge range of loan products available in the market that mortgage brokers can sort quickly for you. A mortgage broker will also be able to help: Assess your financial circumstance Find a suitable competitive loan for your situation Manage the application process Provide advice at every step Save many hours of leg work Save you big money by negotiating the most competitive interest rate All that for free as the banks pay their commissions, not you Mortgage brokers take the time to assess your real needs. This gives them the opportunity to determine which type of loan is most suitable. Once your mortgage broker understands your objectives and finances, they can show you the best loan products to best fit your needs. Your mortgage broker will search their database containing hundreds of loan products from many different lenders, including major banks, smaller banks, credit unions and other lenders. During the assessment process the broker can additionally show you product comparisons, mortgage repayment amounts and any upfront and ongoing fees. Find a suitable loan for your situation Sometimes, your mortgage broker can have access to some exclusive loan products which are not available elsewhere. With this software your broker can swiftly sift down to the product or products which will suit your needs best. If you like what you see, your mortgage broker will help you to complete the necessary paperwork, submit it to the chosen lender and liaise with the lender on your behalf. There are many steps in the loan process. A professional mortgage broker will skillfully guide you through those steps. Such as organising your paperwork Getting pre-approved or conditional approval And then process your application right on through to settlement. A great mortgage broker can also provide a home loan health check further down the track. After the ‘health check’ a mortgage broker may be able to help you; Reduce your repayments Unlock the equity in your home Or consolidate debt. They can also assist with your refinancing needs should your objectives or financial circumstances change. The earlier you start using a broker the better it is for you! Call A Top Broker Now 02 8861 1689
Expert Real Estate Tips: Mortgage Broker or Mortgage Banker?
 
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What is the difference between a mortgage broker and a mortgage lender in real estate? Do mortgage brokers have an advantage over mortgage bankers with loan sources? Do mortgage brokers and mortgage bankers have the same access to funds? Watch this Expert Real Estate Tips segment for information on mortgage brokers and mortgage bankers.
Views: 1439 ExpertRealEstateTips
Mortgage Brokers Services - Empower Wealth Melbourne
 
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http://mortgage-broking.empowerwealth.com.au/ Finding a home loan can be so overwhelming. So many banks, so many options how do you know if you are getting the best deal? Mortgage Brokers can help source the best loan to suit your situation and give you advice on structuring your loan. Empower Wealth has links to all the major banks and lending partners. Talk to us today to see how you can save. To download the free report or Book a Free one hour appointment with us, please click here: http://mortgage-broking.empowerwealth.com.au/ Empower Wealth is a multi-award professional property and financial advisory firm. Our team of qualified and experienced professionals offer independent and tailored property investment advice and buyers agent services, along with fully integrated mortgage broking and financial planning services to best meet our clients, needs. Whether it is buying your first home, finding the right home loan, or planning your wealth strategy for your long-term investment goals, Empower Wealth Advisory can help you. Although we are based in Melbourne, our services extends across other States and Territories in Australia.
A mortgage broker testifies at the Banking Royal Commission
 
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[1.5] Mark Harris, a mortgage broker and director of The Home Loan Broker in Brisbane, testifies about Commonwealth Bank of Australia (CBA) withdrawing his accreditation because he wasn't writing enough loans for them, and his concerns on how this practice could effectively force mortgage brokers to write CBA loans for clients even if they aren't the most suitable product for that customer. Recorded on 14 March 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne. Witness statement: https://bit.ly/2jhqcXa Exhibit documents: https://bit.ly/2w10zmk Transcript: https://bit.ly/2I86Pus Testimony held during the first round of public hearings on consumer lending practices in Australia at the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. Content republished from the Royal Commission's website as permitted by its Creative Commons Attribution 4.0 International licence. © Commonwealth of Australia 2018.
Why Are Mortgage Brokers Free? (Ep270)
 
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Mortgage brokers do a lot of work to help you get your finance approved. So why are mortgage brokers free? How do mortgage brokers make money? Why are mortgage brokers free? Mortgage brokers do a lot of work to help you get your finance over the line and they give you access to over 30 different lenders that you can choose from. They do a lot of work and this takes time and manpower. So why are mortgage brokers free? That’s what I’m going to answer in today’s video. Hey, I’m Ryan McLean from onproperty.com.au, your daily dose of property education and inspiration. And the reason mortgage brokers are free is because mortgage brokers are paid by the banks and lenders when you successfully get a loan. Mortgage brokers aren’t paid by you, but they are paid a commission by the lender that you end up going with. And they’re paid based on the value of your loan. If people had to pay for mortgage brokers’ services, chances are, not many people would actually be willing to pay for brokers. And, thus, they wouldn’t exist and wouldn’t be able to make any money. So, yes, it would be nice for them to charge their customers but they’re already making money from the banks so they don’t need to charge their customers. ------------------------------------------- http://onproperty.com.au/270 - View the full transcription and audio version of this episode. http://onproperty.com.au/free - See real positive cash flow property listings
Views: 435 On Property
Scott Brennan: The art of discipline, mortgage broker training – Top Broker (part 2/4)
 
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Scott Brennan is a disciplined mortgage broker, a self made man writing more loans in one month than most mortgage brokers do in a year. Scott gives insights in high dollar activities and keeping focus. Top Broker Top Tips - https://www.topbroker.com.au
Views: 951 Top Broker
About Mortgage Brokers - ABC Radio Interview
 
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A recent ABC Radio National Breakfast item, in which I participated. "A prominent finance industry expert has warned we're witnessing the beginning of the end of the mortgage broking industry as new technology makes it easier for consumers to apply for a loan on their own". http://www.abc.net.au/radionational/programs/breakfast/mortgage-broking-industry/9569996
Views: 524 Walk The World
What does a mortgage broker do ?
 
02:29
Thinking about a home loan or refinance? Assured Lending Mortgage Brokers Parramatta & Baulkham Hills can help you get the best deal and save thousands on your loan. assuredlending.com.au phone 8859-0215.

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