Many people aspire to become high earners but lack that extra bit of guidance required to nudge them in the right direction. Without realising it, they could be literally just months away from a new career and doubling their incomes.
We all strive for success by studying for university degrees, attend courses and continuously look for a spark for direction in life and it's not until we see a professional person in front of us that we realise that it's the job that we would like to do. It seems easy watching that individual working at the height of their career without realising what price they have had to pay to achieve success.
If you are looking for a career change, you could consider the mortgage industry. For the right individual the position of mortgage adviser can be extremely satisfying if you enjoy helping people. Are you looking for an opportunity in the UK mortgage industry and finding it hard to get on to the mortgage adviser job ladder?
So what criteria should you use when deciding on your future career direction? Well, try asking yourself a few of the following questions:
· Do you think that you would enjoy helping people with their finances?
· Would you prefer to be an employee?
· Would you like to be self-employed?
· Are you determined to become a high earner?
· Are you intent on being successful?
· Would you like to be in charge of your own destiny?
A 'yes' answer to most of these could mean that you could consider investigating how to become a mortgage adviser but before you do, let's look a little further. The start to becoming a mortgage advisor means is passing a mortgage advice qualification and in my opinion the most recognised one in the UK is the Certificate in Mortgage Advice and Practice (CeMAP)
Being in the Financial Services Industry for over 20 years, many people have asked me what it takes to become a successful mortgage adviser. As the Marketing Director of Money Marketing Limited, a company that offers mortgage adviser training courses to hundreds of budding UK mortgage advisers per month, I feel that I am well qualified to answer that question.
It takes dedication, focus, hard work and the ability to strive for success and a little help from a mortgage adviser training course.
Many people ask, do you need to have a degree to pass the exams? The answer is that you will not need academic qualifications to be able to pass the Cemap exams but one thing you will need is a strong desire to succeed in a highly competitive industry. If you are considering a career in the UK Financial Services Industry as a mortgage adviser but are finding it hard to get your foot in the door, why not let a dedicated team of industry-experienced mortgage adviser training professionals lead the way.
Having said that, it can be easy for the gifted people who are just natural at passing academic exams. I recently spent a week with a group of 10 delegates on a CEMAP 2 & 3 training course and the range of abilities on the course was extremely diverse. The challenge here for the cemap trainer was to get them all to the same standard by the end of the week and prepare them for their exams, the week after. Nine out of the ten passed their relevant exams.
The challenges of the CeMAP exams are that you need to learn the qualification content and pass the exams at 70% but that is not all. Many people coming into the mortgage industry have not sat exams for years and in some cases not since they left school. Our CeMAP training courses were built for individuals who are new to the mortgage industry and as a consequence, we teach the course content and mock examine you on a daily basis.
The advantage to this system is obvious, not only are you learning the course content but the exam techniques as well. With strengths and weaknesses identified on a daily basis, it is easy to identify the areas that require extra tuition during the week. This proven system allows us to help hundreds of people get through their Certificate in Mortgage Advice & Practice (CeMAP) exams per month.
Do take care, as the route to becoming a mortgage adviser could be fraught with dangers for the unprepared and under researched person, as the journey could be a long and arduous one. Care should be taken when choosing the company for the initial CeMAP training as many organisations are strictly in the business of offering either a two-day revision course or a self-study CeMAP examination course that in our opinion is not enough.
Furthermore, there are unscrupulous organisations that may try to lure individuals into offering cheap mortgage adviser training courses and then taking £5,000, £6,000 or even £9,000 off them in an attempt to recruit them into their mortgage business as mortgage advisers or offering expensive and unnecessary mortgage franchises.
You could be a qualified mortgage adviser after just days of intensive, fast track mortgage adviser training and be on your way to becoming a high earner. Let your imagination run away with itself and picture the nice house, the quality car, the white sands on holiday and the clothes that you have always dreamed of.
Most mortgage advisors working for banks, building societies and estate agents work on a salary plus a bonus system and the employer keeps the bulk of the commission income generated from the sale of mortgages and insurances. The packages on offer to the employed trainee mortgage adviser can range from a minimum of £15,000 pa plus car and bonuses, to £35,000 pa plus car and bonuses, dependent upon what part of the country you work in.
The self-employed mortgage advisor however can determine his/her own income but this can depend on a number of factors but the sky's the limit.
Joe Kocsis the author has been in the UK Financial Services Industry for over 20 years. Follow the link http://www.cemap-training.org.uk cemap training for further information.
http://www.wirral-estate-agent.info/Mortgage-Adviser-Training.php
Saturday, July 14, 2007
How To Make The Home Buying Decision Easier
Purchasing a home can be a very big decision. There are many things that you need to consider when purchasing a home. Nothing about this process is easy. First you have to decide where you want to be located, and what you want your house to have. A few questions you need to think about are: do we want a garage, how many bedrooms and bathrooms do you want, do you want a basement, and how big of a yard do we want? You will also need to decide which of these items you are willing to compromise on.
If you are serious about purchasing a new house you may also want to start shopping around for a bank where you can get a mortgage that you like. Once you find your house you want to purchase you will not want to waste any time getting moved in.
Many banks offer you the option of pre qualification. With this you will know how much you can spend on a house based on how much your loan can be. Banks take into consideration your income and your debt to determine how much they think you can afford for a house payment. This may be something you want to know before you start getting too excited about a house. You may have a limit to how much you can spend, and this could save you time when looking at houses.
The bank will also run a credit check to see how your credit is. Your credit score is based on how good you are at paying your bills on time. It also allows the bank to see who else you are in debt to and how much you are in debt. This may also affect your loan amount. If you have good credit the bank may be more willing to work with you on a loan amount.
You will also want to check around to see which bank can get you a better interest rate. Some banks can offer better interest rates than others. Your interest rate may also depend on your credit score. You want to find the bank that will give you the lowest interest rate, as this will also affect your payment. Your interest affects how much you actually end up paying for your house by the time it is paid off. You will also need to decide if you want a fixed interest rate or not. Some banks offer you a lower interest rate to begin with, and then increase the rate later on. You will want to check if this type of interest rate has a limit to how high it can go.
Not all banks can offer you the same types of loans. If you would like a first time homebuyer's loan you will need to talk to the banks that offer this type of loan. They are loans that are backed by government. Loans that are not backed are called conventional loans.
You can also get loans that require no or low down payments. Closing costs are another expense you need to consider. Some banks charge more than others and some offer no closing costs.
You have many things to consider when choosing a bank for your loan. Make sure you do not limit yourself, shop around before you make your decision. Find a bank that is willing to work with you. You need to keep in mind what kind of loan you want, what kind of interest rate and payment works for you, and how much you have for down payment and closing costs.
Gregg Hall is an author living in Navarre Florida. Find more about this as well as Shop 4 Mortgage Rates at http://www.shop4mortgagerates.com
http://www.wirral-estate-agent.info/How-To-Make-The-Home-Buying-Decision-Easier.php
If you are serious about purchasing a new house you may also want to start shopping around for a bank where you can get a mortgage that you like. Once you find your house you want to purchase you will not want to waste any time getting moved in.
Many banks offer you the option of pre qualification. With this you will know how much you can spend on a house based on how much your loan can be. Banks take into consideration your income and your debt to determine how much they think you can afford for a house payment. This may be something you want to know before you start getting too excited about a house. You may have a limit to how much you can spend, and this could save you time when looking at houses.
The bank will also run a credit check to see how your credit is. Your credit score is based on how good you are at paying your bills on time. It also allows the bank to see who else you are in debt to and how much you are in debt. This may also affect your loan amount. If you have good credit the bank may be more willing to work with you on a loan amount.
You will also want to check around to see which bank can get you a better interest rate. Some banks can offer better interest rates than others. Your interest rate may also depend on your credit score. You want to find the bank that will give you the lowest interest rate, as this will also affect your payment. Your interest affects how much you actually end up paying for your house by the time it is paid off. You will also need to decide if you want a fixed interest rate or not. Some banks offer you a lower interest rate to begin with, and then increase the rate later on. You will want to check if this type of interest rate has a limit to how high it can go.
Not all banks can offer you the same types of loans. If you would like a first time homebuyer's loan you will need to talk to the banks that offer this type of loan. They are loans that are backed by government. Loans that are not backed are called conventional loans.
You can also get loans that require no or low down payments. Closing costs are another expense you need to consider. Some banks charge more than others and some offer no closing costs.
You have many things to consider when choosing a bank for your loan. Make sure you do not limit yourself, shop around before you make your decision. Find a bank that is willing to work with you. You need to keep in mind what kind of loan you want, what kind of interest rate and payment works for you, and how much you have for down payment and closing costs.
Gregg Hall is an author living in Navarre Florida. Find more about this as well as Shop 4 Mortgage Rates at http://www.shop4mortgagerates.com
http://www.wirral-estate-agent.info/How-To-Make-The-Home-Buying-Decision-Easier.php
Why use a Fast House Buyer when Selling your Home?
There are many reasons why people are now selling their properties to companies which buy homes for cash.
Firstly if they decide to sell by this method they are in control of the sale of their home and therefore are not reliant on Estate Agents to make that all important sale for them.
Secondly, by using this method of selling their property they are provided with some privacy as there will being no “for sale” boards outside the house and not having to deal with the endless viewings that the Estate Agent sets up. Plus these companies provide them with complete confidentiality when buying the property.
Another advantage to selling a property by this method is that people are able to decide upon a moving date which is agreeable to them rather than to the purchaser and sometimes you will find that these companies will purchase a property because the seller has to sell (say due to a divorce, need to relocate quickly etc) and allow them some concession on the time period for when they leave the property.
Also many of these companies are willing to purchase all sorts of properties and will even consider a property that is in need of some renovation.
The next point people should consider when thinking of selling their home by this method is that they may well be in a situation where they wish to break a property chain rather than waiting to find the right purchaser for their home as they have already found the property that they want to buy. It has been found that being in a property chain can be quite stressful especially if people are having to do everything within a certain timescale (i.e., needing to relocate because of work commitments etc., or because they are likely to lose the property that they wish to buy).
These companies offer you the chance to sell your property in a quick and efficient timescale and will provide you with a competitive price for your property. Also by selling your property by this method you will find that you will save on having to pay Estate Agent, Survey and Legal Fees.
Finally, such companies will normally be able to provide you with a offer for you property within 24 hours of viewing it.
If you should require any further information or have any questions please go to http://www.fasthousebuyers.co.uk.
Author: Allison Thompson with 15 years experience in the property market.
Allison Thompson, now lives in Spain and has 15 years experience in the property field.
http://www.wirral-estate-agent.info/Why-use-a-Fast-House-Buyer-when-Selling-your-Home.php
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