I want to go to community college for 6 mo. cert. but can’t verify what jobs are out there?

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CareerBuilder and Monster, Craig’s List, whatever. I can’t find a job! I don’t have a college degree (doing admin for last 20 years). I can go to a community college for a certificate but can’t verify if the jobs are REALLY, really out there… thinking about medical billing and coding and mortgage processing. I don’t have good credit (got sick, bankruptcy) so I can’t do the four year thing, can’t get the loans.

Anyway, are there really, REALLY jobs out there for medical billing and coding and mortgage loan processing or, as i think, are the schools just trying to get their money regardless of whether or not there are jobs.

Anybody know for real that there are entry level jobs (I can live on little) in these fields or are the schools just trying to make their money?



So I went to the bank and applied for an FHA mortgage loan. All they did was open their public online bank site and filled out my information for a loan. That was a week and a half ago. They just sent me something that looks like an FHA consent form, I’m not sure, and a copy of my credit scores 800 average, that’s it. It doesn’t say anything about the progress.

I’m just wondering which step I’m on. Am I still applying or have they already did their check, approved, and just need to verify some information?
I also got a business card from the person that’s doing the paperwork, but I’m scared to call and ask 🙂

  1. Reply
    February 10, 2011 at 3:57 pm

    If you are looking at a community college, they should have info as to what their certificates are being used for in the job market.

  2. Reply
    ibu guru
    February 10, 2011 at 4:56 pm

    Mortgages are not being written in anything near former volumes, so that’s definitely a loser. Lots of people are taking up billing & coding because they are desperate for jobs, too. Admin: even legal secretaries are supporting 3 – 5 attorneys, and jobs are declining. However, with your admin background, how’s your medical terminology? Can you transcribe pathologist’s autopsy reports and the like? You need Dictaphone, and fast typing/word processing speeds with superb spelling of technical medical terminology. But that might be a foot in the door: use what you’ve got plus a med terminology course or such. The percentage of decline in number of jobs is lowest in government (down only 17%), followed by medical (down about 24%, IIRC).

    There are over 31 million Americans unemployed and looking for work. The real unemployment rate has been over 20% since last spring. We need to create 2 million (net) new jobs per year just to keep pace with new US-born entrants to the workforce – the Boomlets exceed the Boomers. And this number assumes ZERO immigration instead of the millions of immigrants, foreign workers, illegal aliens, et al, that we are getting each year. Instead, we are losing jobs at the fastest pace since the Depression, in fact, a bit faster than during the Depression.

    This is what you are up against. There are very, very few jobs and incredible competition. 1000 applications per opening is common. I know a guy who got 10,000 applicants for the job he advertised – which required a minimum of a masters degree plus several years of rather esoteric experience.

    Schools want your money – otherwise, they are out of jobs, too. What do you really WANT to do, and can you be better than anyone else at it? This is your personal key to success, happiness, and even a plain old job. Where and how can you compete matters more than “what field” since they are all glutted.

  3. Reply
    Steve D
    February 10, 2011 at 5:29 pm

    You are in the beginning stages. Still a lot of work to do (consent to check employment, etc.). Even when you get the pre-approval, there is still work to be done and the underwriters to be consulted. Call quickly so if they need anything, you can get it to them.

  4. Reply
    February 10, 2011 at 5:36 pm

    You are in the beginning stage of the loan process. You have a card of the person that is in charge of doing your loan. This person is now your employee. This person should be willing to answer any questions about the stage your mortgage is in and what else is necessary for you to get an approval.

    Call today, not tomorrow, ask for your loan consultant, he is listed on your business card sent to you.

    In order to find out the type of loan programs you are qualified for you will have to fill out a loan application, with a mortgage broker, which you can find one in your local telephone book.

    Make sure this mortgage broker or mortgage banker is able to do government loans such as FHA and VA loans if you qualify for one.

    He will fill out this application, which takes awhile so grab your favorite beverage and sit down. Once you have completed the application, he will run your credit report which will have your credit scores. These credit scores will determine your interest rate.

    The amount of your monthly debt payments you are required to pay as per your credit report and the amount of mortgage you can take on based on your income will determine the amount of house you will be able to purchase.

    When you speak with the mortgage broker you will need the following documents to complete the loan application, there will be others, but this will get you started.

    #1 One month of pay stubs for each person that will be on the mortgage.

    #2 Six months bank statements from each bank in which you bank as well as statements from any 401K from you place of employment.

    #3 Two years of federal income tax along with the W-2 that match.

    Once he has all that he need to do he can then issue you a pre-approval letter so you can purchase a home. In this pre-approval letter will be the amount of house you are qualified to purchased.

    Once he gives you this pre-approval you may now find a real estate agent to find yourself a home or he might have a referral.

    Now make sure before you get your pre-approval you and your mortgage broker go over all your options as to the mortgage programs you qualify for, the interest rate, monthly payments.

    If you are getting a FHA, fixed rate, two loans to eliminate PMI like an 80/20 or one loan, if you are qualified for and approved for a 100% loan.

    You should select the loan that best suit your financial condition at the time. That could be an adjustable rate loan. It could be a fixed rate loan for 5 or 10 years and then adjust. Some adjustable rate mortgages only adjust once.

    Make sure your mortgage broker explain all your options so you may make an intelligent decision.

    What might be good for one person might not be good for you, in other words just because your friends and all your real estate buddies are telling you about the great fixed rate they got, your financial situation might call for something else.

    So select the best option for you and your financial situation.

    You should also get a Good Faith Estimate (GFE) which will indicate the cost you will have to pay for getting this loan. It will also indicate the amount of your down payment.

    Once you have found a home the real estate agent will then prepare a contract for you and the seller to sign.

    Your mortgage broker will now order an appraisal to show proof of the property value.

    The mortgage broker might ask for additional information or documentation, don’t get all up tight this is normal, just supply the information or find the documents needed.

    After the appraisal has been completed you will be called by your mortgage broker to sign your loan docs so you can take possession of your new home.

    Before signing any loan docs make sure they say exactly what you and your mortgage broker went over when you decided on what mortgage program was best for you.

    I hope this has been of some use to you, good luck

    “FIGHT ON”

  5. Reply
    Paula O
    February 10, 2011 at 5:38 pm

    Once the mortgage is approved they will send you a mortgage offer detailing payments etc, once you get this then your mortgage is more or less guaranteed if you want to accept it.

  6. Reply
    February 10, 2011 at 6:01 pm

    you haven’t even started yet – you need to be “pre-approved,” not “pre-qualified.”

  7. Reply
    Expert Realtor
    February 10, 2011 at 7:01 pm

    You are in the application step. It’s not a pre-qualification b/c it doesn’t look like anyone has done that with you at all.

    Once they have all of your information on the application, they will pre-approve you for a certain amount of money if you fulfill a specific list of conditions.

    Once ALL of the conditions are met (including the appraisal and title work and employment verifications) the underwriter will issue a final approval which will NOT come until about 2 days prior to closing.

  8. Reply
    Nash P
    February 10, 2011 at 7:26 pm

    If you have an 800 credit score, why are you doing an FHA mortgage? Rates on conforming programs are much better than the FHA and if you have at least 10% equity the rates are much better. Not to mention they’re quicker and a lot easier to get through.

    To answer your questions, your approval probably hasnt even begun yet

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