Mortgage broker

[Mike]

I was wondering if anyone is working as a mortgage broker? I was thinking about doing the training to become a broker in Australia.

Any advice?

[Dave Kaminski]

It's pretty much a technical sales job. If you can be innovative in your marketing, so as to say that you can find people who want a mortgage or a refinance, find people that need one, or convince people that they should with good reason, you will do well. Sales is the hardest job if you work it easy, and the easiest job if you work hard.

Originally Posted by Mike

I was wondering if anyone is working as a mortgage broker? I was thinking about doing the training to become a broker in Australia.

Any advice?

[Nelson]

My dad works as a mortgage broker in the US. You can make a lot of money but you NEED to have strong people skills, good character and a good understanding of finance. I put emphasis mostly on people skills, character and networking, becuase in the mortgage business the biggest and best sales all come from word of mouth, not advertising. Giving people a good deal and making them feel good about their loans will get you more leads than any other methods of marketing combined.

[Mike]

Thanks for your replies. I have used a broker a couple of times in the past and it seemed like something good to get into.

I am mostly making money now from websites/affiliate programs/adsense. I was thinking of leveraging this knowledge to build an offline business, so to speak.

I know it is very competitive, but I was wondering how many finance people know about internet marketing/seo. There is a bit of study to do to qualify in Australia, so it is more of a long term goal.

Thanks for your replies.