Florida Mortgage Broker: Rules and Regulations

Mortgage brokering is one of the hottest jobs around. People have found that you can make a lot of money doing this if you really have the drive and spirit necessary to pull it off. If you are interested in starting a new and exciting career, then you may want to consider becoming a mortgage broker. If you live in Florida, there are extra benefits to going into this field.

Florida is not only hot temperature-wise, but it is also hot when it comes to popularity. So many people move to Florida. They love the beautiful weather, access to fun beaches, and the low housing costs. What does this mean for you? Well, if you are a Florida mortgage broker, it means that you'll have a lot of constant business. There are always people looking for homes in this part of the country. If you help them find the right mortgage loans to purchase their home, then you will no doubt be a great Florida mortgage broker.

There is a lot of information that you'll need to know if you want to be good at this job. To help you learn enough, you could potentially go to the Florida Mortgage Broker School. While this isn't required, it will definitely help get you the education required for you to do a good job. They will also point you toward the accreditations and licensing that you'll need into order to become a real and respected Florida mortgage broker.

Once you've become the great mortgage broker that you long to be, you can get extra press and prestige by joining the Florida Association of Mortgage Brokers. Not only will this get you in touch with other Florida mortgage brokers, but it will be a great way to show your seriousness and dedication to potential clients. When you join the Florida Association of Mortgage Brokers, or FAMB for short, you will find that you are automatically a member of the National Association of Mortgage Brokers as well.

The most important thing that you have to do in order to start a career as a mortgage broker is to become licensed. Until you do this, you won't be able to actually run your business. That's how important it is. Generally, mortgage broker licenses cost $200 in Florida. They then cost $150 in order to renew them. While these may seem like high fees, they are very much worth it. You will be making a lot more than that once your mortgage brokerage business goes in full swing. You won't need to worry about these prices anymore.