The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!
It’s getting wild by the day. The prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways.
I get such worries too. I'm 50 and retiring early. Already worried of the future and where its headed, especially in terms of financies and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
Personally, I can connect to that. When I began working with "Catherine Morrison Evans," a fiduciary financial counsellor, my advantages were certain. In these circumstances, I would always advise getting professional help so they can steer you through choppy markets and just give you indicators and strategies for knowing when to enter and exit the market.
Thank you so much Shilpa and Amit for all the information and being truthful and honest. The main reason I subscribed to your channel is how well you explain everything and are very down to earth. I like how well you have adjusted here and made Canada your home.
Great job, Amit, for being transparent with potential hires. One imp thing i.would like to add is that the success of a Mortgage Specislist depends on tjeir ability to build their book of business. Given the difficult market with recessionary trend, it is not afvisable that they opt for this career as it can be financially challenging as one gets paid only after a mortgage is dispensed. Real estate sales being diwn, it has a negative impact on mortgage growth. Part time option seems feasible
I have 8 months saved up for bills and an emergency fund set aside for repairs. I did just buy a house and was able to get it for 8%. It was on the higher end of my budget but I have a few extra hundred to put away each month for repairs. The home is turnkey but I know expenses will come down the road which I'll be prepared for. Hypothetically speaking, given the worst case scenario and layoffs start happening; can my emergency fund be in good use to invest and linked to our mortgage to increase interest overtime? rather than defaulting on mortgage Is that a feasible way to pivot?
that's the only way to become debt free. I've already paid off two previous mortgages. Now I'm working on my third and I cannot wait since it has to happen before retirement in four years
Really appreciate the way chit chat shilpa and amitji explain the content 💃💃canadian job market is excellent no other qualification required for selected profession.like the one discussed in the vlog💃💃
Your carrier series is so informative and helpful. Its just going good. I am from India and want to move to Canada in 2023-24. I am an Electrical Engineer with mid level experience. What are the challenges I have to face to restart my carrier as an Electrical Engineer in Canada? What are the scope & the which province is best suitable for migration for a Electrical background......It will be very helpful if you make a video on this regulatory profession too....
Hi ma'am and sir , it's really very informative video, thank you so much, One thing pls do let me know ma'am that if someone is at student visa , Can he/she do this certification along with his degree for which he is inside canada. Thanks in advance
Hello Shilpa and Amit, I watch your videos, they are really very informative and you guys explain them very clearly. Amit is very calm and soft spoken. I live in Calgary, can you you suggest any college here.
Very informative video good job. Please make video also on Accounts and cashier field like this video and let us know the scope of this industry in Canada.
You guys r amazing..if this comment leaves u with a boost u need I got just one word. Real content is rare in canada desi vloggers u guys r the best. Giving such good info out, the time and effort I appreciate it alot. I was very interested in this topic actually as i had some similar plans and this really helped me alot. So a big thank you✌🙏😇.....plz keep sharing this kind of great content. And if you can also make a video on how to become a real estate agent would be grt too. The basics etc.....full time mommy job part time jobs that mom can do enchance their career and also some side tips and tricks or small own business
Please answer. Thanks for answering most of our questions related to this particular carrier, But I have 2 another questions please answer 1. Do i have to be a citizen, PR, or work permit holder to find the brokerage after passing the exam or to get the license? 2. Once i start working with a brokerage, after how much time will i be able to get my license?
Hii, i have a quastion. Can mortgage agent and realtor be a one person. Means if you have mortgage and realtor both licence, then can you be a mortgage agent and realtor of same client?
Mam nursing student real estate agent krr skhte hai part time tkk and monthly sallary and bbA graduates from indian woh bhi licence lai skhte hai kyoke unne bussiness ka experience hota hai plz reply
hi, can someone on a work permit also start this as a career. Or it is only for permanent residents. And also if you can explain a bit about the commission per successful mortgage and what sum does the brokerage take from that commission. Plz reply. Thanks.
Yes, you can also start this as your career. Commission from lenders could be anything between 0.5% to 0.8% of mortgage amount (sometimes even less) and you share it with your brokerage.
Hi Shilpa. I want to make this as a part time career since I had a banking experience in India. But I am too scared to give up my full time job in other field right now. How can I make this as a part time career for me as of now? Thanku in advance
@@chitchatwithshilpa Thank you for the reply. Last question so income wise we make more money with bank or brokerage?? Also can a person join bank and brokerage together or they have to choose one?
Hi Thank you for sharing this useful information. Quick question If you can answer Does it look like a work from home profession once you became mortgage agent ? After joining brokerage , do a person needs to go to the brokerage for every deal or they can work from home ?
@@chitchatwithshilpa Thank you for your reply. Can you make another video on how new mortgage agents can generate leads, what are the sources. Is it worth paying for leads and how it works?
Real Estate course is not a full-time course. You complete it at your own pace. To be eligible for work permit, you must complete a diploma or degree which is a full-time course for atleast 8 months.
Hi quick question. Banks pays better than brokerage to mortgage agents commission wise???? I m little confused about it... please can you clarify. Thanks
Banks don't work with individuals until you are employed with them. With the brokerages, you share your commission but you get access to many banks and products for your clients which gives you and them a better choice.
@@chitchatwithshilpa Thank you for your reply. I understand but what if mortgage agent is working in bank like RBC, BMO, TD etc then i believe he gets paid by bank?? I only get paid by brokerage if i work for them not for bank?? So my question is related to bank do banks pay better than brokerage if i m working in bank or brokerage pays better if i m working in brokerage???
Yes but here as well the commission structure depends on your experience. The good part is the easy access to prospective clients as banks distribute leads with its agents.
Can we do part time Mortgage agent work if we are already working as Data Analyst in IT department of a financial firm? Is it legal? Since both will be considered financial industries?
Hey, loved your video and style of expressing the real life experiences. Keep up the good work and keep educating us with the practical life. Just a quick question, Can i be a mortgage agent and an insurance agent at the same time? Can you enlighten me with that?? Thanks
Yes, you can be a Mortgage Agent and an Insurance Agent at the same time. While applying for your license, FSRA will ask you to declare if you have any other license too.
The issue is that either the renter or the owner must in some way pay insurance and property taxes if they want a "permanent roof" with utilities like electricity, gas and water. Because of this, many people-at least in California, where I currently reside-are living in tents. No taxes, rent, mortgages, or insurance. The number of people who tell me they live in their car that I meet amazes me. Its crazy out here!
It’s getting wild by the day. The prices of homes are quite ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%). Sometimes i wonder if to just invest my spare cash into the stock market and wait for a housing crash or just go ahead to buy a home anyways.
I get such worries too. I'm 50 and retiring early. Already worried of the future and where its headed, especially in terms of financies and how to get by. I'm also considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
Personally, I can connect to that. When I began working with "Catherine Morrison Evans," a fiduciary financial counsellor, my advantages were certain. In these circumstances, I would always advise getting professional help so they can steer you through choppy markets and just give you indicators and strategies for knowing when to enter and exit the market.
@@bob.weaver72 Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you so much Shilpa and Amit for all the information and being truthful and honest. The main reason I subscribed to your channel is how well you explain everything and are very down to earth. I like how well you have adjusted here and made Canada your home.
Thanks a ton
Your channel name should be "Curly tales with Shilpa"... It very much suits to your appearance also... Wishes from India to both of u
I was thinking the same today...:):)
@@chitchatwithshilpa plz tell me warehouse job is hood in cananda and monthly sallary
@@chitchatwithshilpa curly tales already channel hai uski tarah mat rkhna reach down hoti hai agr kisi ke naam jasia rkhte hai
Great job, Amit, for being transparent with potential hires.
One imp thing i.would like to add is that the success of a Mortgage Specislist depends on tjeir ability to build their book of business. Given the difficult market with recessionary trend, it is not afvisable that they opt for this career as it can be financially challenging as one gets paid only after a mortgage is dispensed. Real estate sales being diwn, it has a negative impact on mortgage growth. Part time option seems feasible
Ur channel is informative. It's value added videos no one gets disappointed
Hey Thanks 😊
I have 8 months saved up for bills and an emergency fund set aside for repairs. I did just buy a house and was able to get it for 8%. It was on the higher end of my budget but I have a few extra hundred to put away each month for repairs. The home is turnkey but I know expenses will come down the road which I'll be prepared for. Hypothetically speaking, given the worst case scenario and layoffs start happening; can my emergency fund be in good use to invest and linked to our mortgage to increase interest overtime? rather than defaulting on mortgage
Is that a feasible way to pivot?
Nice, It appears margaret is well established in the financial field. Would her advisory give access to more interest to offset my mortgage overtime?
that's the only way to become debt free. I've already paid off two previous mortgages. Now I'm working on my third and I cannot wait since it has to happen before retirement in four years
u r giving your best in your videos keep it up Shilpa😊😊😊😊great to see you together
Ammit is straight forward person and Shipa is unique
Very informative. I learnt so many new things from you Amit.
Well, your content is mostly very informative and precise, one of the better channels for people coming to Canada
Lots of best wishes from Lahore
Appreciate that
I like your video when Amit is in video he always give right information
hi shilpa, can you please confirm whether person needs to be PR Holder?
Happy birthday to Amit. Please do make more vlogs of winners and homesense .
Thank you for such a informative video. Keep up the good work!
Very informative video with detailed steps laid out for the community at large
In BC course by UBC is 1150 CAD fee.
Worth subscribing, Smart questions 👌
Income kitni hoti hai, commision kitna milta hai, this also should have mentioned
Really appreciate the way chit chat shilpa and amitji explain the content 💃💃canadian job market is excellent no other qualification required for selected profession.like the one discussed in the vlog💃💃
I've noticed ads...
Monetization enabled !
Great job guys !! Keep Going like This....Video is going to be very Helpful for New Immigrants.
When 2 genius sit together 😍😘
Lots of love from Baku
😀😀🙏🙏
Can we be both realtor and mortgage agent at the same time? Thanks
I liked, Your all video are informative nd superb way to presant👌🏼
Keep it up 👍
What is Mortgage Level 1, Level 2, broker?
Excellent career oriented guidelines for beginners
Can we get an update how is he doing?Is he making money doing this side hussle?
Aap explain bahut achche se karte ho 👍
Thanks for making in Hindi. Appreciate you g
Your carrier series is so informative and helpful. Its just going good. I am from India and want to move to Canada in 2023-24. I am an Electrical Engineer with mid level experience. What are the challenges I have to face to restart my carrier as an Electrical Engineer in Canada? What are the scope & the which province is best suitable for migration for a Electrical background......It will be very helpful if you make a video on this regulatory profession too....
Very good going .... keep up Amit-Shilpa :) !!
Thank you so much...
Mam ur video is just awsm u teach everything point to point ND clear cut..😍😍
Thank u Jalpa..🙏
What's the commission structure yeh to bataya hi nahi
Hi ma'am and sir , it's really very informative video, thank you so much,
One thing pls do let me know ma'am that if someone is at student visa ,
Can he/she do this certification along with his degree for which he is inside canada.
Thanks in advance
Thank you for the information 😇❤️
I guess every day 1k subscriber badh rahe hain aap ke channel ke.. congratulations for the increasing subscribers..
All coz of viewers' support..Thank u so much..
Hello Shilpa and Amit, I watch your videos, they are really very informative and you guys explain them very clearly. Amit is very calm and soft spoken. I live in Calgary, can you you suggest any college here.
Hi mam,
Can food industry jobs in quality control sector available in Canada considering present day market.
Informative video as always🙂
Really informative video👍. Congratulations on reaching 5k subscribers milestone 🙂
Thank you so much..
V important point to be noted
Thx for bringing it up!
🙏🙏
Great Video
You are excellent People
Thanks
So nice of you
Very informative video good job.
Please make video also on Accounts and cashier field like this video and let us know the scope of this industry in Canada.
An insightful video I would say...
In Alberta cost 5k dear
Really insightful, Great info Shilpa, what’s the course name?
Well explained
are there any free, online self study courses for Mortgage Agent Level 1?
Loving your videos Shilpa, please can you do a video on CIP as well. Also other options if anyone is keen on career change
Sure. Will make videos on CIP and some other short term courses soon.
Good job shilpa 🙏🏼
You guys r amazing..if this comment leaves u with a boost u need I got just one word. Real content is rare in canada desi vloggers u guys r the best. Giving such good info out, the time and effort I appreciate it alot. I was very interested in this topic actually as i had some similar plans and this really helped me alot. So a big thank you✌🙏😇.....plz keep sharing this kind of great content. And if you can also make a video on how to become a real estate agent would be grt too. The basics etc.....full time mommy job part time jobs that mom can do enchance their career and also some side tips and tricks or small own business
U actually boosted me honey....will make a video on real estate soon...keep showering ur love n support like this...
Thanks for this information...
Please answer.
Thanks for answering most of our questions related to this particular carrier,
But I have 2 another questions please answer
1. Do i have to be a citizen, PR, or work permit holder to find the brokerage after passing the exam or to get the license?
2. Once i start working with a brokerage, after how much time will i be able to get my license?
Thank you very helpful video good information
Glad it was helpful!
Hii, i have a quastion.
Can mortgage agent and realtor be a one person.
Means if you have mortgage and realtor both licence, then can you be a mortgage agent and realtor of same client?
Hi Arpit, yes it's possible.
Excellent knowledge transfer👍
I have open work permit
May I do this course
Very good video and please ek video real estate broker or agent pr bnayo ki real estate agents kaise bne or kya income hoti hai
Sure .,,soon
Mam nursing student real estate agent krr skhte hai part time tkk and monthly sallary and bbA graduates from indian woh bhi licence lai skhte hai kyoke unne bussiness ka experience hota hai plz reply
Nice and informative video keep it up
How do I enroll in the course
hi, can someone on a work permit also start this as a career. Or it is only for permanent residents. And also if you can explain a bit about the commission per successful mortgage and what sum does the brokerage take from that commission. Plz reply. Thanks.
Yes, you can also start this as your career. Commission from lenders could be anything between 0.5% to 0.8% of mortgage amount (sometimes even less) and you share it with your brokerage.
Good informative speech indeed
Thanks Amit 👍
Resident mean student or work permit holder cannot do this??
Hi Shilpa, I am a new immigrant. Planning to be a mortgage agent. I heard that brokerages don’t hire part time agents..
Amit recently got his mortgage license and currently working part-time with a well-known brokerage.
@@chitchatwithshilpa You also going for this license right.. Remic would be the best option, what would you suggest??
@@yatinhkapoor yes right
Remic or humber ?? Which one is best in comparison…. Can a work permit holder start this course ?
REMIC gives you more flexibility and it's cost effective compared to Humber.
@@chitchatwithshilpa thank you and can work permit holder start this course ?
Informative 👍🏻
who else also wants Chitchat with Shilpa × RavishVlogs Collaboration
I want it..🤪
Hi Shilpa. I want to make this as a part time career since I had a banking experience in India. But I am too scared to give up my full time job in other field right now. How can I make this as a part time career for me as of now?
Thanku in advance
Keen on knowing too
Please make a video on medical system of Canada.
U will see the video soon..
Thanks for the info.. so as a beginner one should join bank or brokerage for experience. Thanks
Banks look for experienced candidates. So start with a brokerage to gain some experience. Then it's your choice.
@@chitchatwithshilpa Thank you for the reply. Last question so income wise we make more money with bank or brokerage?? Also can a person join bank and brokerage together or they have to choose one?
I love your videos ...full informative ..
Glad you like them!
Hi Shilpa I love to watch your videos, it's very detailed, can you please guide me what to do if I want to be a real estate agent
I already have a detailed video on this topi on my channel..I have interviewed a Real Estate Agent
Ohhhh bhai just waiting for your video and I got update on screen .sooooo much coincidence
so good to know that somebody waits for my videos..
Informative video ma'am
Thank u so much Manik..
Kindly suggest some businesses too.
Well done.. 👌
Hi
Thank you for sharing this useful information.
Quick question If you can answer
Does it look like a work from home profession once you became mortgage agent ? After joining brokerage , do a person needs to go to the brokerage for every deal or they can work from home ?
You can definitely work from home all the time...but u need office space for your clients' meetings...some clients prefer to meet only in d ofc
Hii there, I want to make a career in this part. But my question is can I start on work permit or i need to be permanent resident !
Better to be PR first
Hi mam, can u make a video on why u choose Ontario and not BC.
Good Information
Do the brokerage also help you with leads?
Most of the times, noo
@@chitchatwithshilpa Thank you for your reply. Can you make another video on how new mortgage agents can generate leads, what are the sources. Is it worth paying for leads and how it works?
Hi Shilpa..thanks a lot for the information. Plz do suggest other short term courses / options as well other than Real Estate agents.
Sure, next video on this..promise..
Well done with the video. You should have given a glimpse of how much money a person can earn being a mortgage agent
allot can be earned. only a few banks work with agents. I just passed my course.
@@GusgusA1 which course??
@@Merlinmanridrllk I took REMIC
I am real estate agent in India
Dear sir and ma'am
As international student can I do real estate course and can I get work permit after this course
Real Estate course is not a full-time course. You complete it at your own pace. To be eligible for work permit, you must complete a diploma or degree which is a full-time course for atleast 8 months.
Great video
Hi quick question.
Banks pays better than brokerage to mortgage agents commission wise????
I m little confused about it... please can you clarify. Thanks
Banks don't work with individuals until you are employed with them. With the brokerages, you share your commission but you get access to many banks and products for your clients which gives you and them a better choice.
@@chitchatwithshilpa Thank you for your reply. I understand but what if mortgage agent is working in bank like RBC, BMO, TD etc then i believe he gets paid by bank??
I only get paid by brokerage if i work for them not for bank??
So my question is related to bank do banks pay better than brokerage if i m working in bank or brokerage pays better if i m working in brokerage???
Yes but here as well the commission structure depends on your experience. The good part is the easy access to prospective clients as banks distribute leads with its agents.
@@chitchatwithshilpa So as a beginner is it good to start with bank or brokerage because i will be needing leads to get clients??
@@denverd513 brokerage
Very nice information
How much can one earn in this profile??
You guys too good 👍
Please make video like this like other short course ND less fees
Thats the plan!
Can we do part time Mortgage agent work if we are already working as Data Analyst in IT department of a financial firm?
Is it legal? Since both will be considered financial industries?
Sure, u can work part time initially..u have to source ur clients of ur own though
Is it a noc code 0 a b? Eligible for PR?
Not eligible
Can we do this course on student permit or pgwp or after obtainin PR status
Better to get PR first
very educational
Do u need to be permanent resident or we can do even on work permit??
U can do it on work permit
Hey, loved your video and style of expressing the real life experiences. Keep up the good work and keep educating us with the practical life.
Just a quick question, Can i be a mortgage agent and an insurance agent at the same time? Can you enlighten me with that??
Thanks
Yes, you can be a Mortgage Agent and an Insurance Agent at the same time. While applying for your license, FSRA will ask you to declare if you have any other license too.
I have 4.5yrs of IT experience as a developer and looking out for pg diploma .. How tough is it to find an IT job?
IT jobs are available in Canada..everybody gets settled...its just that during COVID market is slow..
Hi Shilpa
Could you please mention how much I can earn , by monthly or yearly in this field
Depends on number of deals you close