Residential Mortgage Loan


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Residential Mortgage Loan


 

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I'm 20yrs old and I want to know how to become residential mortgage loan officer? Need mentor.?
I have been working as a loan officer assistant for the past two years and I've decided to become a loan officer in due time. However, my current employer I know wouldn't give me the time or day to help me even though he and three others were helped tremendously 10years back....I want to be lucky like them too. Indeed, I'm attending an online university because I work 40-50yrs/week and I'm helping my family out...now i know that with time, the proper people, and a lot of luck...i could become a successful loan officer instead. My future goal for the next 10-15 years is to become a mortgage broker and run a small but productive office. I'm not looking to become rich rather just live a comfortable life. I don't want to become a fraudulent loan officer either...i've seen two loan officers careers go down the drain due to commiting fraud in their loans. -I speak Spanish...I'm in Los Angeles, CA

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I'm 20yrs old and I want to know how to become residential mortgage loan officer? Need mentor.?
I have been working as a loan officer assistant for the past two years and I've decided to become a loan officer in due time. However, my current employer I know wouldn't give me the time or day to help me even though he and three others were helped tremendously 10years back....I want to be lucky like them too. Indeed, I'm attending an online university because I work 40-50yrs/week and I'm helping my family out...now i know that with time, the proper people, and a lot of luck...i could become a successful loan officer instead. My future goal for the next 10-15 years is to become a mortgage broker and run a small but productive office. I'm not looking to become rich rather just live a comfortable life. I don't want to become a fraudulent loan officer either...i've seen two loan officers careers go down the drain due to commiting fraud in their loans. -I speak Spanish...I'm in Los An

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Where can I get a residential mortgage loan?
My credit score is right around 500. I make 32,000 year. I am trying to purchase the house I currently live in that my parents own. The lender ordered an appraisal that came in at 52,000. I only need to borrow 35,000-40,000. I have steady employment and make 34,000 year. I currently have no other debts except credit card chargeoffs, that I am paying back....which is why my credit score is so low. The mortgage co. I have been working with says they cannot find a "home for the loan" based on these three things: 1. low credit score 2. no verification of rental history( I've always paid my parents the rent in cash) 3. Loan amt. is under fifty thousand. If you know of any lenders that would loan on this please let me know.

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