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Posted on Nov 28, 2014 in Business Marketing

How to become a Canadian military mortgage broker

In an unstable economy and an even more unstable employment environment, people are always looking for career opportunities that would help them earn more and that would also give them a certain feeling of job security or stability. This is why many people are looking to be self-employed or to activate in a field where that is possible at any given time, such as the real estate field or the mortgage industry. Indeed, a mortgage broker, even if he or she works for an agency or a financial institution, can at any time go on his or her own and make a career individually, reason for which the job is highly sought after. Even more, since one never knows how the housing market will react, there is a particular sector within the industry that will never go out of clients and that is government relocation, therefore many brokers are looking to become a Canadian military mortgage broker. However, becoming one is not as easy as it sounds and it involves a lot of training and hard work, not to mention dedication and perseverance.


It is true that, if you are ever thinking about opening your own small business or going independent, the job of Canadian military mortgage broker is the one you want to have, but, as mentioned above, it takes a lot to become one. Apart from the usual mortgage broker training that you need, that every broker needs regardless of the field of operation, as a military mortgage broker you also need to specialize in government relocation. There are not many places where you can get that sort of specialty training, so you need to research the market very carefully and take your time and be patient. Even after you finish government relocation training, you still need to spend some time working for or with a military mortgage broker, preferably a highly experienced one, so that you can grasp the ins and outs of the job, because being this type of broker basically means being the middleman between DND or military personnel and banks and other financial institutions.


Before you can even think about opening your own shop or going on your own, you need to make sure that you are fully knowledgeable as far as current law, legislation and regulations are concerned with reference to government relocation and military mortgages and you also need to develop relationships with both sides of the market. This is a task that takes time, as well as negotiating skills, so you can’t expect to become a Canadian military mortgage broker over night. Nevertheless, if you have the needed perseverance, dedication and will to work hard and go through all the stages of training, this job is more than just a job, it is a career opportunity and even a business opportunity, so in the end it will be greatly profitable for you.