Quote:
Originally posted by xenigo
I'm 25, and I don't have wild visions of fortunes. I'm hoping I can make a couple hundred k, though. I mean, I didn't have wild visions of fortunes when I got into this business... but all my friends gave me the same BS, and I'm doing just alright, but you're right it's not easy. I don't expect it to be easy.
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Your gonna be a loan officer first off, no if and or butts about it. So with that said lets go through a scenario. You work for a broker and they give you this lead for a re-fi. You contact the owner and they want to talk to you about lowering the rate, you wander over to their house and the first thing they notice is your a youngster. FIRST thing that comes to mind is "Im gonna trust my 200k house to some kid who can be my son"? Ok IF you make it over that first obstacle then the next obstacle is rate, mind you they have telemarkets and mailers flooding their phone and mailbox with rates lower than your able to offer cause these massive lending institutions work on volume and you may be unable to compete. I can give you 10 more scenarios to were youll fall short but you may not want to listen to the truth.
