How much does a mortgage broker make in Alberta?

2006 NOC: Mortgage Brokers (1114.6)…Note.

Average Wage $38.94 / hr
Average Salary $75,834.00 / yr
Hours Per Week 37.5 hrs

How much do mortgage Associates make?

Mortgage Associate Salaries

Job Title Salary
AMF Mortgage Associate salaries – 1 salaries reported $29/hr
CIBC Mortgage Advisor salaries – 20 salaries reported $33,650/yr
RBC Mortgage Specialist salaries – 15 salaries reported $70,000/yr
First National Financial Mortgage Underwriter salaries – 12 salaries reported $71,029/yr

How long is the mortgage broker course Alberta?

Total Duration Between the 2 courses you get 12 months to complete the education requirements. Within 1 year from the date you enroll in the first course, you have to finish both of these courses.

How much commission do mortgage brokers make in Canada?

How much do mortgage brokers make? Mortgage broker commissions vary depending on the lender, but typically range between 0.5% and 1.2% of your full mortgage amount. The exact percentage will also depend on the type of mortgage you choose as well as the length of your term.

Is there a demand for mortgage brokers?

According to the Bureau of Labor Statistics (BLS), the career will have an 11% increase in demand between 2016 and 2026. This rate is much higher than the national average for all careers, making a job as a mortgage broker an excellent option for those interested in the finance field.

Do you need good credit to become a mortgage broker?

While there are national licensing requirements, as well as state requirements, in place for mortgage loan officers, there are no requirements for a minimum credit score to become licensed. A poor credit score or other concerns don’t have to define your career future.

How hard is the real estate exam in Alberta?

Well, to be thorough, real estate exams in Alberta are designed to be difficult to pass, so they can weed out people who are not going to be skilled agents. Though the pass rate varies based on the state exam, they hover around 60% across the province.

What is the Alberta Mortgage Brokers Association?

The Alberta Mortgage Brokers Association has had a long-standing tradition of advocacy and best practices in the mortgage industry. I am proud to be an AMBA member for the past 20 years!

Why eded Edmonton mortgage brokers?

Edmonton mortgage brokers would be a part of the Alberta Mortgage Brokers Association (AMBA). The association helps to ensure ethical business practices, integrity and professionalism within the Alberta mortgage broker industry. They also deliver licensing and courses to become a fully licensed mortgage broker.

How do I become a mortgage broker in Edmonton?

To be a fully licensed mortgage broker in Edmonton, you must meet the education requirements outlined by the Real Estate Council of Alberta (RECA). This can be done by completing courses offered by the Alberta Mortgage Brokers Association or by RECA.

Why choose albertalberta mortgage?

Alberta Mortgage is an Edmonton Mortgage Brokerage with mortgage brokers in Edmonton who work hard to save you time, money, and the headache of having a mortgage that doesn’t work for you.