I get the feeling that being a mortgage broker is similar in aspects to being a Migration agent (I'm a migration agent). Answering a lot of questions/emails with detailed and ever changing rules only to have the recipient of the information use another broker or even do the application themselves.
At least you receive trailing commissions. Maybe my immigration clients could pay me a trailing commission for every year they stay in Australia on visas that I obtain for them.
Had a mortgage broker as an immigration client who had trails from loans written in South Africa, then moved to UK and had trails from there, then moved to Australia and had more trails. Didn't matter what the broker did each month the broker had cashflow. I also got to see how aggressive a mortgage broker could be with their own borrowings if they think the property market is rising.
Thanks again to the brokers on this site.
Ajax
At least you receive trailing commissions. Maybe my immigration clients could pay me a trailing commission for every year they stay in Australia on visas that I obtain for them.
Had a mortgage broker as an immigration client who had trails from loans written in South Africa, then moved to UK and had trails from there, then moved to Australia and had more trails. Didn't matter what the broker did each month the broker had cashflow. I also got to see how aggressive a mortgage broker could be with their own borrowings if they think the property market is rising.
Thanks again to the brokers on this site.
Ajax
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