why do we need to have insurance on the land portion of our construction loan?

Mary B asked: We are getting a construction loan through Wells Fargo. We have bought land already and have a loan on it with another bank that we are going to roll over into the construction loan. Our loan officer told us that we have to get insurance on the whole loan amount but that [...]

loan officer or insurance sales? which is harder?

ms.jackson… asked: Right now I am working as a loan officer, but i have the opportunity to cross over into insurance… mortgages are pretty easy because if you call enough people eventually you find some that want, or that you can convince they need to refinance. but i feel some of the things that are [...]