At HomeSec we see no reason why you should be limited by how much commission you charge on a loan. Charging .05% is not a lot of money to earn for a home loan, given the amount of effort and work that is required.
Some lenders guidelines seem like they are limiting your potential for growth and earnings, and to put it into context, here is a snapshot of what other industries charge…
Real estate agent > up to 3.3%
Agents that sell businesses > up to 4%
Mortgage brokers that specialise in home loans > Av. 0.6%
Finance brokers that settle loans with HomeSec > up to 4%
We feel like this is a real eye-opener when you look at it like this. As a broker, if you do a short-term business loan with HomeSec and have the deal submitted to us in the morning, you get paid by the afternoon without all the rigmarole that is involved with home loans, and we don't have clawbacks.
On the other hand, as a broker focusing solely on home loans, it can take up to two months to settle a deal and get paid for it. Short-term business loans allow you to create a substantial supplementary income on the side.
And, as an added bonus for every loan you settle with HomeSec, you receive points to put towards a trip to Hawaii, which is extremely achievable after just a couple of larger loans!
CLICK HERE to find out how YOU could be kitted out with a new iPhone X or packing your bags for a week in Hawaii on us.