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The Complete Idiot's Guide to Success as a Mortgage Broker by Marian Edelman Borden, Daniel S. Kahn

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Chapter 1
The Inside Track of a Fast-Moving Industry
In This Chapter
• Home ownership rates are soaring
• Buying a home is a smart investment
• Buyers want options
• The role of the mortgage broker in today’s market
 
Today there are more than 73 million homeowners in the United States—more than ever before in our history. The demand for residential mortgages is growing exponentially as home ownership continues to be an essential part of the American dream. Commercial mortgages, which finance apartment complexes, housing developments, office buildings, manufacturing plants, shopping malls, and so on, are essential to the growth of our economy. The total outstanding mortgage debt for single-family homes is over $8 trillion. The U.S housing finance ...

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