Benefits of Becoming A High Income Loan Broker

Benefits of Becoming A High-Income Loan Broker

To become a loan broker, you will need the tools of the trade.

A loan broker can earn up to $70,000 part-time or $175,000 or more full-time, potential. So let's get started in this exciting high-income business by outlining the facts and benefits of becoming a high-income loan broker.

What is a loan broker?

A loan broker is an intermediary agent between a borrower and a lender, passing on information from the borrower to the lender. Most people are not familiar with the finance industry and only know their local bank. If they can't make a deal with their local bank they don't know where to go, so they contact a loan broker who can introduce the borrower to many other qualified lenders who are more flexible than banks and offer competitive rates. You also need to know lenders who deal in more difficult proposals as well.

To become a loan broker, you need to "Work Smart" Not Hard!

As a loan broker, you need to know how to have people contact you with their financial needs, which lenders to contact based on the type of loan your client is looking for, and what information the lender needs to approve the loan.

As a loan broker, the business advantages are:

No experience required

No selling involved

No employees or office rent

No inventory or special equipment

Can be worked from home or office

Ideal for men or women

Can be operated part-time, at your own pace

A modern day entrepreneur shouldn't be required to carry a stock of materials, handle an inventory of products, or be burdened with their sales and delivery. Your time is much more valuable and should be spent building your business income.

Most businesses in which a person can earn serious money does not have all these advantages. That's why you should pay careful attention to this exceptional business and realize how profitable it can be for you.

A professional "Financial Business Agent" negotiates with the most sought-after product in the world...MONEY. A professional "Financial Business Agent" knows where the lenders or investors are and what type of loans or investments they prefer. Then they match the borrower with the right lender or investor. When a proposal is accepted, your potential fee for each loan could be $2,000, $5,000, $10,000, $20,000 dollars or more depending on the size of the loan.

What Type of Loans Does A Loan Broker Handle?

A loan broker handles loans for almost any useful purpose such as venture projects, factoring, accounts receivable, boat and equipment loans or leases, mortgages, income properties, business loans of all kinds, working capital, commercial projects, debt consolidation, and auto, truck, boat and equipment loans or leases.

How Does A Loan Broker Get Paid?

When a loan proposal is accepted by the lender, fees are paid to the loan broker by the borrower or the lender by written agreement.

Does A Person Need Experience to Become A Loan Broker?

Experience is not required to become a loan broker. In-home training is available. The best part of this business is its low overhead - if a person does not have an outside office he or she can work from home - there is no inventory and the person is free to do business anywhere in Canada, the U.S.A., or overseas.