So, you want to start your first mortgage
business, or your first business. You're a mortgage broker, and you want to start makin'
a lot more many than what you're makin' now, and you want to start your own business. No
problem. I'll tell you how to do it. My name is Adriel Torres. I'm the owner of utimatecredittoday.com.
The first thing I suggest is to seek legal counsel. Every state is going to have different
laws and different regulations as far as operating a mortgage broker business. In the state of
Florida for instance you have to be a licensed mortgage broker, and have that license active
for at least a year with another broker or a lender before you can apply to get the license
that's required to operate a business. On top of that license you also need to be incorporated,
you have to have a corporation, whether it's an LLC, or you're an Inc. or you're incorporated,
or sole proprietorship, whatever the case may be you have to another legal entity besides
yourself. Also, you have to have not only the license, but you have to have, on some
states you have to pay quite a little bit of money to the state for the licensing and
the overall setup, so please make sure you seek legal counsel on how to start your own
mortgage broker business. You follow those rules you'll start on your way to makin' a
lot more money than what you're makin' now. Again, Adriel Torres, I'm the owner of ultimatecredittoday.com.
Thank you very much.