Should i become a mortgage broker near Balıkesir

If you’re good with numbers and desire a career in the real estate and mortgage industries, you might be interested in becoming a mortgage broker – and understanding what the role entails and what the requirements are can help you pursue this profession with greater ease.

Data from Glassdoor shows that mortgage brokers in the United States have an average annual income of at least $70,000 – higher than the national average of $54,000 in 2021, according to the Bureau of Labor Statistics (BLS).

Brokers are paid by the lender when a loan is closed, with the fee typically between 1% to 2% of the total loan amount, according to finance company Nerdwallet.

Additionally, you don’t need to have a college degree to qualify – and everyone starts on equal footing because you have to pass the same exams and meet your state’s licensing requirements.

Here are vital things that you must know from pre-licensing to getting your surety bond if you decide on becoming a mortgage broker.