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#41
12-20-2005, 01:04 AM
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Re: Taking a gamble in life
[ QUOTE ]
Depending on commission is a stressful bitch [/ QUOTE ] I had to live on commission from age 20-27. I know it. 
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#42
12-20-2005, 01:17 AM
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Re: Taking a gamble in life
[ QUOTE ]
I have been a loan officer for the last four years, and if I could give you any advice it is this: Now is the wrong time to get into the mortgage business. Rates will eventually go back up, and the loan officers who will make it either love to pick up the phone and telemarket for themselves, or have an established base of business. I live in a state that will continue to have a booming housing market, have a pretty established base, and I still worry every day about whether or not I am in the right position. I do make a fair amount of money, but I also work very long hours. I often find myself wishing I could take a job like yours. [/ QUOTE ] This company specialized in home equity loans. They very rarely sell "straight" mortgages. They have fallen into debt and want to find a way out. They want to remodel their home but dont have the money. The borrowers take out an equity loan to pay off their debts or make purchases. New cars, tuition, the people who can't get certain loans come to us.
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#43
12-20-2005, 01:34 AM
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Re: forgot to mention
Thats what my wife and I discussed.
The same as having the bills paid for a year if I wanted to become a poker pro  There is ROR (I didn't fully understand but it sounds like commision only. Don't know what that 2K is about) I get paid $2000 a month regardless of whether I sell or not. If I make commission, they take the $2000 from the commission. If I make $6400 commission, I have to pay back $2000. I do not have to give it back if I miss a month.
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#44
12-20-2005, 01:49 AM
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Re: I\'m actually qualified to respond here
Dude, thanks a lot for the advice.
They appealed to my ego and had me convinced I had what it took to become one of the elite. Reality took over and I realized, its a tough journey. I just wanted to run it by some of the best minds I know.
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#46
12-20-2005, 02:03 AM
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Re: Taking a gamble in life
Centrex home equities.
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