How to Become a Luxury Home Mortgage Advisor

1. How long will it take to earn my Luxury Home Mortgage Advisor designation?

The 18-modules of online training is self-paced. You will receive an on-boarding and off-boarding coaching call to ensure you are on track and to personalize your business plan to maximize return on your investment. Note: All Luxury Home Mortgage Advisors have lifetime access to all of our Master Classes at no additional charge! These are not required but they will definitely be of interest.

2. How much does it cost?

The cost is $1495. This also includes lifetime access to all of our Master Classes.

3. How much time do I have to complete the online course and exam?

You will have 1-year to complete the online course and exam from time of enrollment.

4. Will you offer Luxury Home Mortgage Advisor training in a classroom setting in the future?

In the future we may offer the course in a classroom setting in select cities in the USA and Canada. For now, the course is only available online. If you have fantastic presentation skills and are interested in becoming a course instructor, please send an email to: ceo@luxuryhomemortgageadvisor.com indicating your preferred city and a brief outline of why you’d be a good candidate.

5. How much do Luxury Home Mortgage Advisors earn on average?

We’ve had loan officers go through our training program who are in their first year of business and we’ve had veterans with over 20+ years of experience, generating over $50M+/year in mortgage originations.  Whether you are just starting out, or an industry veteran, your success will depend on how well you execute the materials and proven techniques we’ve laid out for you.

Master Class #1. Condo Corporation Loans

1. What is a Condo Corporation Loan?

Condominium corporation financing is a loan that is placed against the corporation itself.

2. Why would the condominium need or want to borrow?

Condo corporation financing is generally required due to repairs that are needed to the common property and there is not enough in the reserve fund to cover the costs.

3. Wouldn't it be easier to simply issue a Special Assessment?

There is a strong possibility some of the owners cannot obtain the funds within the timelines of the Special Assessment. This can negatively impact the ability of the Condo Board to sign the repair contract as the full amount of funds are not readily available to cover the repair costs due. One of the benefits of borrowing through the Condominium Corporation, it offers immediate relief for Condo Boards and owners. Alleviating a large level of anxiety to the owners who cannot raise the funds and also taking the stress away from the Condo Boards needing the work to be completed.

4. What will I learn from this Master Class?

We will give you an exact blueprint on how to find, structure and close these complex financial transactions. Broker fees range from $10K – $40K on this specialized type of financing. We will go through case studies, give you sample email scripts, sample condo loan proposal, sample document checklist and sample broker fee agreement. All of this is done live. The call will be interactive and you will be able to submit questions.

5. How much does it cost?

Cost is $295. Considering broker fees range between $10K – $40K on these loans and the sheer # of condos in Canada, that’s not a bad ROI (return on investment)!!!