How to Setup Your Mortgage Business - Be Ready For the Next Mortgage Refinance Boom Next Year

I started revising and updating our Bringitout to start Select Quote insurance Denbydo company guides in 2008 in one of Mississippi Lemon Laws worse mortgage markets I have ever seen. I had just witnessed Wall Street Firm Bear Stearns get sold to JP Morgan Chase for just two bucks a share and IndyMac Bank get taken over by the FDIC for safety and soundness concerns. I watched company after company close their doors. I saw mortgage processors, loan officers and others lose their jobs and be told not to apply into other industries if they were coming from the mortgage industry. These were indeed tough times in the mortgage business.

Set Up a Mortgage Business in 2008?
I keep asking myself, who out there is going to want to get into the mortgage business in 2008? Who out there wants to get into the business just to be the next company listed in on the Mortgage Imploder.com website? Shouldn't we all be running from the mortgage business right now and not embracing it as an area of opportunity? And I am hearing that you just can't make as much money on mortgage loans as we all did in the good ole days of yesteryear.

But next year, the mortgage market will come back and those remaining in the business will do well and will continue to grow their businesses in another strong mortgage market. The mortgage business is, has been, and always will be a cyclical business. We are near the bottom of a down cycle. The industry will soon regroup, rebound and re-evolve. Will you be ready to be part of it?

Get Ahead of the Mortgage Business Setup Curve
After the news hits of a renewed and strong mortgage market, newcomers to the business will try to get their mortgage entities set up, will begin applying for licenses and will submit approvals to mortgage wholesalers to whom they will be able to broker loan applications. This process will take at least 90 days to get going. Get your mortgage company to be 2009 ready by taking action today.

Learn the steps you need to take to open your mortgage company in the next 90 days, download this: Step by Step How to Get a www.mortgageroadrules.com/Mortgage-Licensing-Guide-art2.htm">Mortgage License in 90 Days or Less.

KJ Block is a mortgage professional and attorney at law who teaches people how to get started and to better manage risks involved with traditional, internet, and e-commerce marketing of mortgage products.

KJ Block can be reached by email at mailto:Info@MortgageRoadRules.com">Info@MortgageRoadRules.com