Click Here Now
to learn a Powerful Amazing Secret on how you could earn a fortune by working one-on-one with your own Internet Marketing & Real Estate Investing Mentor.
Our Proven Mentoring Program might help you achieve a Guaranteed Income for life.
The American Way!
Make $75,000 or more per year promoting our courses. No purchase required.
AmeraWay Marketing | home
Galaxy Mall | Day Trading | Judgment Recovery | Mortgage Broker | Business Billing | Home Inspector | Stock Market Programs | Carpet Cleaning | Multi Level Marketing | Opportunities For Woman | Gambling Programs | Vending Opportunities | Government Grants | Mortgage Insurance Refunds | Craft/Assembly Opportunities | Net Based Opportunities | Liquidating Inventories | Work at Home Computing | Making Money At Home | Government Auctions | Internet Treasure Chest | Bad Check Business | Computer Consulting | Recycling Consulting | Personal Organizer | Personal Assistant | Hauling Service | Personal Coaching | Pet Sitter | Candle Making | Antiques & Collectibles Dealer | Cut-flower Business | Transcription Service | Handicrafts | Niche newsletter | Home Sewing | Herb Farming | Party Planner | Bookkeeping Business
Home Based Business Opportunities From Around The World Plus Candid Opinions On More Than 250 Different Opportunities.
40 Years Of Business Experience To Help You!
Being A Mortgage Broker
A good mortgage broker can earn a very good income full time. There is a lot of competition in the residential loan business at the current time because rates are so low. You can run your mortgage business out of your home in some cases. I have been a mortgage broker for about eleven years now. I do it part time and I work out of my home.
The way I get business is to run a small display ad in my local paper. I also mail out post cards to people I know have a mortgage with higher rates. This is a great business to work with a real estate investing program like I offer.
There are two ways to get paid for originating a loan for someone. You can charge an origination fee of 1 to 2 percent and or you can receive a premium from the lender.
Here is an example:
You do a loan for $225,000. You charge the borrower a 1% origination fee which is $2,225.00. You tell the borrower you will try to get him a 7% loan. His present loan is 8%. This new loan will save hi. $2,225.00 in interest each year. You tell the borrower that you will wait to lock the loan when the rates go down a little. A week later the rate falls to 7% with a 1% premium paid by the lender. You lock the loan.
Here is what you have made. $2,225 on the point from the borrower, and $2,225 from the lender for a total of $4,500. This is just one loan. One of the people I work with has been closing about 10 loans a month. Of course this is a good time for the loan business.
When your working with clients that do not have perfect credit we call that a B loan. They are harder to work but you will usually make more money because of that fact. A $200,000 B loan will probably pay about 3 to 4 points which would be $6,000 to $8,000. By doing one loan per month makes this a perfect home based business. You will need to get a license however in most states.
Commercial loans are harder to do but a person can earn $5,000 to $20,000 or more on just one loan plus there is not as much competition with those kind of loans. You usually do not need a license when you do commercial loans.
You can learn to about being a mortgage broker by going to your local library and getting a book on the subject. There are also companies that have courses they sell for about $200 that will also teach you the business. Some of these companies are good and some are not so be careful.
If you're interested in hearing more about being a mortgage broker you can e-mail me for more information.
Like I said before this goes perfectly with my real estate investing program so why not kill two birds with one stone and check them both out?
After 26 months of testing, research and development I have discovered the easiest way you can potentially Get Rich ever. My new program will show you how to set up the easiest Home Business ever available. This program is like having your very own ATM machine that can generate cash for you 24 hours a day, 7 days a week. Click Here to .
Learn To Develop Other Sources of Income. Do it now before it's too late.
Get Jan's Business Secrets For Free!
Subscribe to Jan Gaudina's FREE e-zine; it's full of hot tips and techniques on making money with real estate investments, Internet Marketing, as well as other money making opportunities. We're giving away hot money-making tips - but we need to hear from you today! Simply enter your e-mail address in the box below and click "Send Info" ($129 value - FREE for stopping by. (Your information will never be sold, shared, or made public.) Read a recent issue.
Yes Jan, I'm tired of being a slave to a job (just over broke) with all the empty promises … and I'm ready to be my own boss building a lifetime stream of income. Please send me your free newsletter today.
© 1989-2006 AmeraDream Corporation