Financial Advisor For Mortgage Loans

I have been in the mortgage business for 10 years and I am thinking about switching to becoming a financial advisor due to the mortgage meltdown going on or I was thinking about waiting it out. Your thoughts?

I am going to a career change at the moment.I have a business degree but never used it till now.I have been trying to find myself and decide what it is that I would like to do that would be both challenging and fullfilling.Well...this is it...an FA.Depends on the company but they have a very long screening process...I myself have been going through that for the past 2 months.The first 6 months there is a lot of studying involved,tests,training,long hours.Then afterwards...there is about a 2-year period where it is totally up to you to build your business.It is a lot of networking and meeting people 24/7.
If you really have your heart into it...go for it...I am determined to start that career.Every experienced person I had met...told me it is so tough and takes a lot of work and patience....especially at the very beginning.But when there is a will,there is a way.....Good luck if you decide to try it....I need some of that myself....

2007-08-29 12:25:41 by TommyT

LifeInsuranceNormalIL.com Financial advisor Normal IL, Mr. Dennis Kagel, discusses the truth behind reverse mortgage. Reverse mortgages have grown ...

o.k I'm about to buy a house ( me and 2 sisters) we are waiting for the bank to respond, but I want to enroll in this B.A program which will cost me 30k I need to do it before july 25th because the price for this course will increase next month, I don't know if the mortgage loan will affect the student loan because I need to get financial aid. Should I apply for the Student loan, without worrying about the mortgage loan which is in Process right now? or should I wait for the approval of the house and the apply for the student Loan?

Please I need an answer time is running fast.
o.k I make $45k a year

all my credit card debts are $2500 + A auto loan $6000 and that's it. Credit score o.k and the mortgage loan will be 305,000k

It's not so much school it's all about your debt to income ratio. ...so even if you weren't in school but had the same amount of debt in credit cards...loans...etc... you'd still have to be able to prove you can servie the debt.

Since the mortgage responsibility is being split 3-ways that will make each individuals load lighter. The bank is going to respond before July 25 and you can apply AFTER you get the mortgage. Don't increase your debt to income ratio for such a high amount $30K is way too much and your credit is going to take a hit.
Definetly wait for the house approval and have your student loan documents all filled out and ready to go afterwards.

2008-07-10 10:08:58 by Not Of This World - N.O.T.W -

Price: $9.99

i have no loans besides my mortgage. no credit card debt no car payments. he was saying i can use it for a vacation or just incase i lose my job i dont need to reapply, because "you never know" any thoughts on this??

I wouldn't do it. Sounds like you are smart about your finances. He probably needs to meet his quota for the month or something.

2008-05-09 11:24:37 by baybeevenus

Price: $59.99

Converts between percentage interest rate and effective interest rate
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I thought most mortgages are compound interest, so pay additional money towards mortgage monthly is a bad idea if that additional money can be used for other investment (not, say, spend on dining out). but many financial advisors always recommend to do. I thought this is the worst investment idea bcause bank makes the most money because the that additional payment will apply towards the last payments of the loan first, in that payment, only tiny portion is interest. Is this correct?

Pay off items with higher interest first, but don't get behind in anything.

2006-08-30 19:27:22 by Maxy

Incorrect responses were financial services, financial advisors, mortgages, bookkeeping, accounting, loans.

dont let any one fool you. I have a friend who works for an h&r block firm. they work in the governments best interest, not the clients!!!!!!!!!!!

2006-01-06 06:46:10 by tigeronio