The mortgage industry is going through big changes as shifts in demographics reshape how people buy homes. From an aging population to the rise of millennial buyers and more people moving to cities, these changes are pushing lenders to rethink their approach. It’s no longer just about offering new mortgage products — lenders are creating solutions that better meet the evolving needs of today’s diverse homebuyers and the emerging demographic trends. Aging Population One of the biggest demographic trends shifts is the aging population, especially in developed countries. As Baby Boomers retire, many are tapping into their home equity or…
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Have you ever wondered what it takes to become a trusted mortgage broker? It’s more than just crunching numbers and closing deals. Although mortgage broker licensing requirements differ across the country, they are consistently designed to create a profession marked by integrity, competence and accountability. To help you get a better picture of the process, let’s go over the essentials of how a mortgage broker earns a license and becomes ready to serve clients. Eligibility Criteria for Mortgage Broker Licenses First, candidates need to meet basic eligibility criteria. This usually means being of legal age and having a high school…