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do i need a moertgae bankers license to owner finance my own

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mcinvest04 Joined: 17 Mar 2008 Posts: 1 1.27 Dollars($)	Posted: Mon Mar 17, 2008 1:07 pm    Post subject: do i need a moertgae bankers license to owner finance my own Like 0 Dislike 0 If i owner finance my own property and finance more than 5 properties a year , do I have to have a mortgage bankers license? i live in texas
larry Joined: 27 Jun 2007 Posts: 3322 474.67 Dollars($)	Posted: Mon Mar 17, 2008 2:09 pm    Post subject: Like 0 Dislike 0 Hi mcinvest, Welcome to the forum. I think you need a mortgage banker license but it will be better if you can just consult with an attorney in this regard. Best of luck, Larry
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Tue Mar 18, 2008 6:19 am    Post subject: Like 0 Dislike 0 mcinvest, I don't think you need a mortgage banker license for owner financing on your own property. Any seller can go for owner financing. Moreover, a banker license is meant strictly for mortgage bankers. _________________ Procrastination is the enemy of your financial success

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