A mortgage broker franchise costs $13,000 as an initial fee. Training costs an additional $6,000 if you lack mortgage experience. You don’t need a degree to become a mortgage broker. Develop partnerships with realtors and builders to get mortgage leads. Identify realtors with many listings by searching websites and magazines.
An Aussie mortgage franchise costs $45,000 initially, including marketing. Existing franchises with clients and sales history cost over $150,000. Smartline mortgage brokers have diverse backgrounds but share a strong work ethic and drive to build a business.
Motto Mortgage Franchise Costs and Benefits
The Motto Mortgage franchise fee is $30,000 to $31,500. The total investment is $52,800 to $73,800. Motto has ranked 4 straight years in the top 500 franchises. It is the fastest growing franchise under $100,000. Brokers are paid 1-2% of a mortgage by either the borrower or lender. Costs to start a mortgage brokerage range from $62 to $23,259, averaging $12,272. Franchises provide branding, training and support. Brokers pay a startup fee and subscription. Some franchises provide leads and marketing.
Motto Mortgage revolutionized the mortgage brokerage industry by giving the power of choice back to consumers with less jargon, more transparency, and even more options. With over 225 offices open in 40 states, Motto Franchising’s national franchise model is the first of its kind. Created to disrupt the industry, Motto connects brokers to provide a seamless, personalized experience for consumers.
Each office is independently owned, operated and licensed. The network gives choice back to buyers with transparency and options as they find a home loan. With an out-of-the-box franchise model, training and support, Motto makes it easy to get set up fast. It’s consumer centric, efficient for homebuyers.
Franchise Opportunities and Earnings
It costs $13,000 initially for a Smartline mortgage broker franchise, plus $6,000 for training without experience. Investing in a franchise with low-cost opportunities can provide income, flexibility and equity for retirement.
Brokers are paid 1-2% of a mortgage by either the borrower or lender. Existing Aussie franchises with clients and sales history cost over $150,000. Some great options don’t require breaking the bank. The unique model brings opportunity by easing barriers to mortgage lending. The ideal Motto franchisee works hard, believes in flexibility and growth.