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Christian Said:

Will I make money as a mortgage loan officer/insurance agent?

We Answered:

are you good in sales?? some people are natural hustlers, those are the ones that succeed. me, i am not, so i know that wouldnt work out for me.

eventhough it is not a straight "sales" position, that is exactly what that is! you need to get people to buy your insurance or take out loans with you, that takes a pushy person for that...

Kathleen Said:

what's a good estimate for mortgage insurance on a 160K loan?

We Answered:

It doesn't make sense to buy a foreclosed home for $160K, fix it, and relist it on the down market for $200K. What if the market continues to slide by the time you relist it. After the closing cost, financing, real estate agent, etc is it worth the time? I don't see how you will make a big money on a high risk investment.

Lorraine Said:

What happens if there is gap of time between two insurance policies in a home with a mortgage loan?

We Answered:

no you have like 90 days in most cases but you go to long and you will be forced to take there insurance and it will be for a year then you can get others and that ins they get you is expensive !!!! Just get insurance on it now before they catch you ! Plus they will put that insurance into the house payment and you might loose your house if you cant pay it!