 Is there a down-side to paying off your mortgage early.? |
| In my state, there is no prepayment penalty. My accountant said to go ahead and pay it off. Now the other day my husband was telling me he was talking to a homeowner and she said she suffered all ... |
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 Can going to school full time and paying for your own apartment, car, food etc.. be done?!? |
Additional Details
Thank you everyone...I am starting to think that maybe i should realize that I am lucky enough to have great parents who will let me live here...and maybe it is a ... |
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 Can we move whenever we want to? |
| We have asked this apt to renew our lease about 5-10 times over the past year and a half. They haven't done so b/c of lack of organization and management changes. We didn't have time to ... |
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 Should I buy a townhouse now, or wait until I can afford a real house? |
| So pretty much, my wife and I want to move to Fowler but the only new houses available are either new track homes for $290,000+ by RJ Hill Homes or D.R. Horton's Townhomes that start in the $190,... |
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 Can you cancel a sale? |
| If someone puts an offer in on your house and you accept, can you cancel the sale if you have no place to move to?... |
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 Can your landlord do this? |
| i live in an apt. with a carport with storage. well they are re-doing the carports and asked every one to take there stuff out. ok i did it.and i put my stuff on my patio. but now they gave me and 3 ... |
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 I have been hearin that mortgage companies have really tightened their grip? |
| with approving mortgages,,,,even people with excellent credit and have ability to pay are being denied,,,,anyone professional that knows if this is true and why this is happening,... |
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 House not selling, is it the price? |
| I live in Baton Rouge in a great area and have my 3 bedroom 1 bath home listed at 155,000. I have shown it 3 times. and has been on the market for 3 weeks. Need some honest advice. Address is 4068... |
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 If my landlord fails to keep the pool operational can I get a rent discount or out of my lease? |
| I live at an apartment complex in Texas. May in Texas means HOT HOT HOT, and HOT means I want to use my pool. One problem with that is the fact that the pool is locked. When I called the apartment ... |
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 Is there any law that states a bank cant short sale a property to a family member? |
| A friend's home is in jeopardy of foreclosure and he is trying to divorce his wife who lives in the home. Their daughter wants to purchase the home through short sale but Bank of America told ... |
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 A complicated renting question...? |
| I have been renting an apartment for a year now.. and I just cant seem to afford it, so I gave my notice a month ago, and I'm moving at the end of this month... The problem is I can't ... |
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 How much mortgage could i get on a salary of £24,500 and what would the monthly payments be? |
Here some details about me for info:-
I finished uni last year with a degree in accounting. I am now earning £24,500 as a trainee accountant and once i become chartered this wll increase.... |
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 Should we buy a condo?? |
| My husband and I rent a kind of run down house with a landlord who refuses to do anything about our leaky basement and mice problem...We can't afford a nice big house right now--but, we can ... |
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 Pouring water off a Balcony, is this illegal? |
| I live in an apartment (condo complex where I am renting) and a person in the unit above me has twice poured water off their balcony onto mine. Fortunately I wss not on mine at the time. I am going ... |
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 Can i rent my house to a friend on benifits? |
| I have a house which is not in use and have asked a friend if she and her children would like to live there, can i rent it to her even though she is on benifits?? and still have my mail arriving at ... |
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 For those of you who have lived in an apartment, what were your worst neighbors? |
It's story time, so let 'em rip!
what crazy or awful neighbors have you had?... |
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 Downpayment dream shattered... what to do? |
Hey all, me again.
I was expecting a hearty tax return this year... last year we scooped up $7,000 and I was expecting the same this year, at the *least*, to function as a home down-... |
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intestinal mucous | Do you have to be good at math in order to be a mortgage broker? |
what kind of math? cause i am interested in this job but im not what you would call a math wiz at all |
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Gregorio
|
In todays market you need a strong stomach to be a broker. Lots of R-O-L-A-I-D-S helps too!
It also requires a broker's license, which at least in California, will take you 2 years after you get your sales license. My advice, pick a different profession until the market calms. |
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naveen n
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surely u need to be strong in maths |
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senbenimarkadasimsin
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Yes.
watch Pursuit of Happiness movie with Will Smith-it's about this job. |
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Genki
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The previous answers are "blonde" answers: cute but dumb!
A mortgage broker is successful by being able to bring in new clients who need loans, not math. It helps to be able to do basic math, but most of the calculations are done using computer tools, such as a spreadsheet or financial calculator. You should be intelligent enough to know if the answers provided by your tools are correct.
To quote a customer a loan, you look up the type of loan and the price sheet shows the rate. Next, there are a few numbers you add to or subtract from the rate in order to get the final result. For example:
the basic rate for a 5/1 adjustable mortgage might be, say, 6.500% with 0.00 points. If the borrower has a good credit score, you might be able to to subtract 0.125 from the rate (new total: 6.375%). If the borrower wants an interest-only option, maybe you add 0.25 points (new total: 6.375% with 0.25 points).
Can you do that math? If yes, you are qualified to be a loan officer! If not, learn how to add and subtract and then, guess what? You'll be qualified to be a loan officer! Unwilling to learn how to add or subtract? No problem-- every loan office has assistants called "processors" who will do it for you! Woo hooo! (or, for this website, Ya-hooo!)
If you are reasonably intelligent and, more importantly, good with people and want to help them in an honest way, you will do fine. |
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menotyou
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of course not. you just need a beating heart and the ability to lie to someones face. used car salesman experience is also a plus |
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veni vedi vici
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Of course, you need financial mathematics or business mathematics. It usually includes subjects on interests. |
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nissandude
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yeah, dude. i would say calculus and up! |
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