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his takes the Freelance
Mortgage Consultant idea onto the internet. Many people face tough decisions
when it comes to finding the right mortgage for their needs. While banks do
have many types of mortgage packages and payment plans, it would help if all
the information could be presented in one easy-to-find location instead of in
sheets and sheets of paper or brochures.
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Real Estate small business ideas or Mortgage Portal
To start a mortgage portal, you first need to find bank and financial institutions
who are willing to participate by providing their information to your portal.
There are obviously many ways to work out the system. Allowing members to input
their information themselves would probably be a friendlier and more cost efficient
way of doing things. There are obvious reasons why banks and lending institutions
should participate in your portal. I will assume your portal manages to attract
tons of traffic in the mortgage niche market. NOT being listed on your portal
when EVERYONE else is, could potentially hurt them! You will store all the mortgage
information in a database and visitors to your portal will be able to filter
only the information they require. Application forms should also be made available
on your portal. This saves visitors lots of time. They can narrow down the mortgages
that best suits their needs, and then visit the banks concerned.
So how do you make money from your portal? Well for one, you could charge your
member banks and finacial institutions a membership fee, and probably a commision
for every mortgage application that is approved that came from your portal.
Of course, traffic and exposure is the keyword here. You have to let people
know where they can find all this information without having to do lots of legwork!
There are technical issues involved in making sure the backend serves visitors
quick and accurate information, so this requires investment in personnel, software
and hardware. However, if you or your friends are whizzes at these stuff, then
you already have the advantage!