How do I become a mortgage broker?
Answer:
Check with your local agencies to see the state requirements. Here in Arizona, it is required to have 3 years experience before you can complete the school and exam. Then you have to complete the background checks and put up a bond, obtain a license and start originating.
Lend me $500,000 to buy a house.
In most states you do not need your own license, you work under the license of the broker you work for.
As long as you can do math, use a financial calculator and most importantly, sell, you can be a mortgage broker.
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