2007-03-26 08:56:58 · 10 answers · asked by cn54 1 in Business & Finance ➔ Renting & Real Estate
NO
2007-03-26 08:59:48 · answer #1 · answered by EGOman 5 · 0⤊ 0⤋
I think it is always a good industry to be in people always need mortgages or need to refinance, and it depends on where you live on how well the market is doing, its not the same across the country, you can find out online about how well your states market is right now. Also the rates right now are actually low, they are around here any way. They have been around 6% which is really good.
2007-03-26 09:02:56 · answer #2 · answered by Anonymous · 0⤊ 0⤋
i am going to say no, but thats because i dont want any more competition. if you hear someone saying that they are a broke mortgage banker, that means they are lazy! broke mortgage brokers now thats believable.
if you want to sell mortgages make sure you are working for a lender, not a broker. when you go to interviews ask for rate sheets and compare them to other companies. leads are a big deal. good leads can take you a long way. i provide my employees with very solid leads and they all have pretty decent paychecks! its hard to get business "pounding the pavement" now. real estate agents have become very hard to deal with, plus the average agent only closes a house or two a month.
if you can find a company that has a decent lead source take the job, no leads no job!
2007-03-26 09:13:48 · answer #3 · answered by Bradley H 2 · 0⤊ 0⤋
Depends on where you live. It's picking up in general though.
I have a feeling the new restrictions on home loans will hurt a lot of people though, so it's hard to say. If you write mortgages for government-based loans like FHA, then yeah, go for it.
2007-03-26 09:00:17 · answer #4 · answered by pancakes & hyrup 6 · 0⤊ 0⤋
Not really. There are a ton of them out there so the competition is very high. Rates are not great and a lot of sub prime lenders have gone out of business lately making it very hard to place a loan.
2007-03-26 09:00:33 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Depends on where you work at. My friend just opened his own mortgage company, and he is making alot of money. Of course he has always been a hustler, so he has alot of connections.
2007-03-26 09:00:33 · answer #6 · answered by Anonymous · 0⤊ 0⤋
It's GREAT!!!! I mean it's tougher to get someone qualified but when they are qualified the rates are GREAT! I say if you are a hammer and not afraid of a little hard work you will make it......hell I'm making it and I'm a single mom!!!! =0)
2007-03-26 09:03:08 · answer #7 · answered by peapod_mommy 2 · 0⤊ 0⤋
nope........with the home market taking a turn it's too uncertain of a job to be in right now.
2007-03-26 08:59:31 · answer #8 · answered by Scotty 6 · 0⤊ 0⤋
No the int rest is to high
2007-03-26 09:00:36 · answer #9 · answered by Steven Rogers 1 · 0⤊ 1⤋
If you can market yourself yes.....................
Sub prime is not DEAD, but renew with new guidelines.
2007-03-26 12:15:28 · answer #10 · answered by ron d 3 · 0⤊ 0⤋