2 Thoughts on Should i be a mortgage loan originator in this ecconomy?
  1. Reply
    December 2, 2011 at 11:02 pm

    It depends on how large of a client base you are bringing with you, if you have none it would be a poor choice.

  2. Reply
    December 2, 2011 at 11:20 pm

    It depends on whether you work for a bank or a private mortgage company. Banks are turning down good loan risk at this time and preferring to go for the Cream of the Crop. Private mortgage companies are more flexible, but charge a higher interest rate than banks.

    Private Mortgage companies are doing a terrific business right now with people who have jobs and can afford mortgages, but let the bank foreclose on their previous homes because they dropped so badly in value that it did not make good financial sense to keep them.

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