Are you a young and ambitious person looking to get ahead in life? Or, maybe you are an experienced individual tired of their current job who is looking for something new and exciting? Whatever your case may be, mortgage broking can be just the perfect career opportunity for you. It’s never too late to become who you wanted to be!
If you play your cards right, this can be a career choice that actually pays off . Despite the constantly fluctuating global financial market, owning a home is still a top priority on many Australians’ wish lists. Therefore, there will always be a wide demand for mortgage brokers. And because they play such a key role in the real estate market, they have to be regulated somehow. That’s why if a person wants to work as a mortgage broker, they’ll have to obtain the certificate IV in Finance and Mortgage broking (FNS40811). But don’t get scared straight away. You actually don’t need years of college education if you have the right set of skills. All you need in order to get on the right track, is to sign up for a mortgage broker course that will reward you with the necessary certificate.
But a proper mortgage broker course will provide you with a lot more than just the required qualifications. Over the course of a few months, you’ll get to study in depth the fundamentals of the industry, such as the key stakeholders, processes like lending and compliance, the necessary steps a client needs to take from the initial interview to make a loan settlement and everything there is in between. You will even learn the most successful tactics for attracting and keeping clients and building a reputation. There are numerous online mortgage broker courses which will allow you to complete the whole program in your own time via interactive learning and a series of assessments. But generally, a course has 20 hours worth of material and will take around 2-3 months to successfully finish it.
After you’ve received your certificate, you can enter the industry with the right knowledge and confidence. If you turn out to be skillful in attracting customers and negoting deals on their behalf, you will quickly start earning a lot of money. Besides receiving salary, a unique advantage of mortgage broking is it’s passive income stream. This means that every month you’ll get to enjoy a trailing commission for all the loans you’ve settled in the previous months and even years. With the commission taken into account, you will basically end up with double or triple more money than you were initially paid.
Besides earning a good amount of money, you can also find personal fulfilment in mortgage broking. Mortgage brokers may end up saving families from a potential financial failiure. Many lenders try to swindle people out of their money or real estate, however, you can stop their bad intentions by educating borrowers on the potential risks so they do not fall into their trap. Helping people make the right decision can be really fulfilling, so go ahead and pursue your passion!