The term mortgage refers to the transfer of an interest in property as security for the repayment of money borrowed. This means a mortgage is a loan given by the lender and the property acts as security for the loan.

Arranging a mortgage is the usual method of purchasing real estate by businesses and individuals alike, this allows the purchasing of commercial and residential property without needing to pay the full value immediately.

Very few people are fortunate enough to have the finances available to purchase property; therefore the normal method of purchasing real estate is through obtaining a mortgage. There are a wide variety of features available with mortgage loans and it is prudent to obtain professional advice and recommendations to ensure that you achieve the best possible mortgage product to suit your financial circumstances.

Should you wish to compete in the mortgage business it is necessary to obtain a Cemap (Certificate in Mortgage Advice and Practise) certificate, which is a specialized programme that provides training and the required qualification for work in the mortgage market. The mortgage business is highly competitive and it would be foolish not to assure the optimum level of training available to gain the best possible start in the industry.

To become a success within the mortgage field, knowledge is vital and will make all the difference between success and failure. Investing time learning as considerable amounts of information regarding mortgage lenders and available products helps to keep up to date in the quickly developing mortgage market. This attitude towards professional development divides the brokers who do their best from the brokers who are the best.

The Cemap training you undertake should provide you with all the knowledge you require to enable you to face the challenges that lie ahead as a new mortgage broker. The Cemap course will give detailed information, test papers, various questionnaires and various mock exams. Cemap is available through many routes, training can be arranged through seminars, lectures, and open study or in house, whichever is most suitable.

When choosing a suitable training route it is worth considering whether or not the organisation offers a guaranteed pass or at least free re-training if required. Check out how many other people will be attending the same course, 12 or less is ideal as the more attendees then the higher the amount of retakes needed. Some organisations that offer Cemap training will also look to finding suitable full or time positions in employment after you have successfully completed the Cemap course.

It is essential to obtain the Cemap qualification if choosing to pursue a career in the mortgage advice market. No-one is permitted to give mortgage advice unless they are fully qualified to do so. Once the Cemap course is triumphantly completed the employment opportunities are plentiful, currently Cemap qualified professionals only fill one quarter of the employment demand. This is reassuring as so many courses promise the moon and never amount to actual employment. If a complete change of employment direction is called for at least the Cemap qualification provides the means to gain full time employment, with flexible training available and a great many job prospects to boot.