How do you become a mortgage broker? Do you need to do a course, need any qual’s.
Do you have to buy in, like a Mortgage Choice
franchise or something?
Just a general interest question, how did you current brokers come to be?
Thanks in advance, G7G7
These days you need to become an AMC (accredited mortgage broker). see http://www.miaa.com.au for more info. I think you will need to do a course unless you have two years relevant experience (eg working in a bank etc). Once you are an AMC, you can then get accredited with the individual banks.
You can join an existing company, buy a franchise or start your own business. It would be better to work for an existing company for a while to make sure it is the right job for you and to gain some experience. It is a great job for investors as you gain knowledge of how to structure deals to stretch your borrowing capacity further, and you get so see what everyone else is buying.
Feel free to contact me with any specific questions you have.
Terryw
Discover Home Loans
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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