Opinion question - Posted by jeff

Posted by Smart Money on January 24, 2004 at 24:17:04:

Why not. They seem overwhelmed right now. As rates go up, they will get a lot of last minute refis, and then it will slow down a lot. If you set your business up with the understanding that pickings will be slim later on, you’ll be one of the survivors. So do it, and bank your profits. Don’t run out and buy a new car and house because your business is so good. Count on the volume dropping significantly just in case. Speak to people in the business to get an idea what kind of drop in volume, percentage-wise, you can expect. Oh, and if interest rates rise, there will be a lot of people in variable rate mortgages that will lose their houses. Seems like advertising to people caught in an interest rate squeeze would bring folks in the door.

Just my .02 cents

Opinion question - Posted by jeff

Posted by jeff on January 23, 2004 at 15:11:27:

Sorry this isn’t directly related to investing, but here goes…

Is now a good time to become a mortgage broker? Why/why not?


Re: Opinion question - Posted by blakey

Posted by blakey on January 24, 2004 at 07:28:49:

this business will never go away. If you can make a living in a non refi boom then it will only be better when the next one comes around (that may be a while).

Must agree with prior posting, save your money, pay cash for what you want and need, dont use credit, drive a paid off car and live within your means. You’ll sleep better.

What state are you in ?