This could be the time for a career change and if helping people is your thing, perhaps becoming a licensed mortgage

broker might be the solution for your career path. If you are good with people, interested in real estate and like numbers, this could be the job for you.

What is a Mortgage Broker?

Realtor.com defines a Mortgage Broker as a “contractor who analyzes mortgage loan products and counsels customers on loan availability, qualification requirements, interest rates and terms. A mortgage broker doesn’t actually loan any money but serves as the intermediary between the lender and the borrower.”

The process of becoming a mortgage broker is quite straight forward. In Ontario, when you first start in the mortgage industry, you must get your mortgage agent license and practice as an agent for 2 years. Becoming a mortgage agent is a quick process: take a course (can be completed online in a matter of weeks), pass the course, get hired by a mortgage brokerage, complete the FSRA application with the mortgage broker that hired you. (FSRA is the Financial Services of Regulatory of Ontario. Go to www.fsrao.ca for more information.) After you’ve worked as a mortgage agent for 2 years, you can start path to becoming a mortgage broker and change your license from agent to broker.

To become a licensed mortgage broker in Ontario, you must:

 be 18 years of age or older

 be a resident of Canada

 your mailing address has to have the ability to receive registered mail (not a P.O. box)

 be authorized by a mortgage brokerage to deal on their behalf

 completed an approved education program

 been a licensed mortgage agent for 2 years and take the Mortgage Brokers’ Exam within 3 years of completing

the course.

To become a licensed mortgage broker, you must take the mortgage broker course and become licensed as a mortgage broker. The name of the mortgage broker course is called the Mortgage Broker Education Program. This course focuses teaches its students the skills and knowledge in how to supervise and assist mortgage agents. If you become a practicing mortgage broker, you will make a positive impact on people’s lives and help them reach their financial goals.

Think about the first-time home buyer or those who have been turned down by traditional banks, these could be the people you help. The mortgage industry is constantly changing and you can be a part of it and help people in their mortgage needs.

As a mortgage broker, like those at Weisz Choice Mortgage Group, you will learn to take the time to understand the unique situations of your clients. Shopping for a home is a huge undertaking but shopping around for a mortgage broker doesn’t have to be. Using the services of a mortgage broker will free up your time to look at houses, especially if you are pre-approved for financing. Weisz Choice Mortgage Group will have your pre-approval ready in a timely manner so you can start your house hunting. They will let you know how much home you can afford. Your broker will contact lenders on your behalf, saving you valuable time, effort and stress. The professionals at Weisz Choice Mortgage will put you at ease and make the road to your mortgage painless. Their team will explain the mortgage process so that will feel comfortable about your commitment.

Make the Weisz Choice Today!

Call (905) 921-2701

Talk mortgages or talk about joining their team!