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Broker VS Bank: Why Brokers Are The Obvious Answer

Posted onJuly 10/2015By

Qualifying for a mortgage is not a decision that should be made hastily. It takes deep consideration and attention to the details of your life that might affect your mortgage qualifications. You should have a stable credit and job history among other key factors that will affect your interest rate and ability to get a loan. When you go to apply for a mortgage loan, you will need to decide whether you should go through a direct lender or a broker. A direct lender is usually the bank which will loan you the money out right and then you will pay them back in installments. A broker will find a direct lender for you to work with. At this point you are probably wondering why some people may choose to go through a broker rather than directly through the bank. A broker has relationships with some of the best mortgage…

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How Do I Become A Mortgage Broker?

Posted onJune 08/2015By

Working as a mortgage broker can be an extremely rewarding career choice. Helping people find funding for their dream homes, building relationships with lenders and giving people the best mortgage packages are all in a day’s work for brokers. If you think this is the right career move for you, read on to get insight as to what it takes to be a broker! Unfortunately it does take some work to get people into their dream house; you need to get licensed. Every province requires its own provincial license, but you can’t go online and get licensed right away. There are courses you need to take prior in order to learn the ins and outs of the industry. The Canadian Association of Accredited Mortgage Professionals (CAAMP) offers an education program for those who wish to enter the mortgage brokerage industry. The CAAMP program has two phases. The first is completed…

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