There are a variety of job roles available to you in real estate if you decide to take online real estate courses in BC. You can become a realtor, of course, but there are also other options – such as becoming a mortgage broker. Being a mortgage broker is a more specialized position, with less demand, but there’s also far less competition than there is among realtors.
So, if you’d like to get into real estate, but only on the financial side, taking an online real estate course in BC to become a mortgage broker is a good possibility. Here are a few questions people often have.
What Does A Mortgage Broker Do?
A mortgage broker is a sort of ‘middle man’ who works with would-be home buyers to help them find affordable home loans. Mortgage brokers tend to be sought out by people who have iffy credit, in hopes of finding more funding options, but they can potentially help any home buyer find better rates on their mortgage.
What Benefits Are There to Being a Mortgage Broker?
You’ll be able to cultivate relationships with many financial institutions, and that can have substantial side benefits in your own life. You’ll also become an expert in financing and the money side of the real estate industry, putting you in an excellent position to buy and sell real estate yourself. Plus, from the perspective of home buyers, you’re one of the “good guys.” Your role is simply to help them make a mortgage happen, and there’s a lot of job satisfaction from that.
How Does A Mortgage Broker Get Paid?
Brokers are actually paid by the lending institution, and you would get a percentage of the final agreed loan amount. This is another reason clients like working with mortgage brokers – it’s effectively free for them, while potentially lowering their interest rates or overall costs.
Can I Offer Other Financial Services as a Mortgage Broker?
Assuming you get the relevant licenses, absolutely. It’s quite common for mortgage brokers to also act as insurance agents, investment brokers, or other roles in the financial industry. Nothing stops you from branching out.
Quick Pass Master Helps You Get Your Mortgage Broker License – And Fast!
The Quick Pass Master online real estate course in BC is designed to streamline the mortgage broker licensing process. Contact us to learn how our courses will save you time!
