How Much Does A Mortgage Broker Earn- The Truth!

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How Much Does A Mortgage Broker Earn- The Truth! video duration 2 Minute(s) 6 Second(s), published by John Richards on 19 06 2015 - 09:44:36.

http://www.onlinewithjohn.com – How Much Does A Mortgage Broker Earn? So you just asked how much does a mortgage broker earn
A mortgage broker gets Why do banks offer you a lower rate on a 15 year mortgage versus a 30 year? Sit back and we'll help you with the math behind the answer.

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http://www.onlinewithjohn.com – How Much Does A Mortgage Broker Earn?

So you just asked how much does a mortgage broker earn. A mortgage broker gets paid 3 ways.

First they get paid a loan origination fee. This is the fee the borrower pays to get the loan done.
Next they get a yield spread premium which is what the lender pays based on the rate. The higher the rate the more yield spread you can make.
Lastly they split fees with the loan originators that work for them. Usually a 60/40 split. 60% to the broker. When I was a broker before the mortgage crisis you could make great money.
If you’re asking how much does a mortgage broker earn tells me your searching. You haven’t made up your mind yet. I was a mortgage broker for 10 years and I did very well but in 2010 the mortgage crisis happened and everything changed. I lost my business. I don’t want that to happen to you.

I know you were asking how much does a mortgage broker earn but let me take you in a different direction. Let me give you an alternative.

I became an internet marketer a little over 5 years ago after closing my mortgage business I have freedom that I never had in the mortgage business. I will never have to worry about going out of business again. That’s true freedom.

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