WELDER asked:


isn’t mortgage insurance for if you die, the loan will be paid off? if so wouldn’t life insurance do the same, so why is mortgage insurance needed. Must you have it or is it just a option?

gerbera asked:


Plz explain the meaning of mortgage in this context:
“The man sends his paycheck to the bank for the mortgage payment on his house.”

Thanks.

.: Jezz :. asked:


For his birthday, little Joe asked for a 10-speed bicycle. His father said, “Son, we’d give you one, but the mortgage on this house is $280,000 & your mother just lost her job. There’s no way we can afford it.”

The next day the father saw little Joe heading out the front door with a suitcase. So he asked, “Son, where are you going?”

Little Joe told him; “I was walking past your room last night and heard you telling Mom you were pulling out. Then I heard her tell you to wait because she was coming too.

And I’ll be damned if I’m staying here by myself with a $280,000 mortgage & no bike.

Snow B asked:


I have been a loan officer, sales manager and Wholesale rep at various times over 31 yrs. I never wrote subprime loans. With the mortgage crash, I am looking for another career. I am not really interested in insurance, financial planning or being a stockbroker. I do have a college degree.

Any suggestions?

Thanks!