All Posts in "Home Products and Services"

This Chart Should Scare You; is the mortgage market in for a 2008 wreck; average down not even close to 20%

Article Originally posted on Fairview Lending

The federal government in their quest to shore up the mortgage market in 2008 has created some new risks to the housing market.  Non bank lenders now make up 74% of the origination volume with only 3 banks even making the list.  What does this mean for the mortgage market and in turn the housing market?  Why are non bank lenders now making up such a large share of originations?  Do we have another large scale “wreck” coming our way?

Why are non bank lenders gobbling market share from traditional banks?

Before talking about why banks are gaining market share, it is important to discuss Dodd Frank.  The response to the 2008 mortgage crisis was the creation of increased regulation in banks to prevent future crashes.  What was in Dodd Frank?

Dodd Frank is a series of measures that first required banks to have more capital on hand, meaning more of their own money would be at risk when they lend, and second, a set of measures restricting certain kinds of lending activities, in particular, nontransparent chopping and dicing of loans into other securities. And a third piece of the action, particularly aimed at the too-big-to-fail institutions, is that they were forced to create what are called ‘living wills,’ which are supposed to make it easier for authorities to unwind or shut down a troubled financial institution when a crisis hits.

“The fourth, and in some ways perhaps most important, was that the largest … READ MORE ...

Emily Burgman by — July 21, 2022 in Home Products and Services
4 Things to Consider When Renting a Dumpster

While renting a dumpster for your business may seem like a trivial decision, there are many factors you need to consider. Here are four things to keep in mind when making your rental choice. By taking these into account, you’ll be sure to get the right dumpster for your needs and avoid any unexpected surprises.

1. Dumpster Size

Your first concern should be determining what size of dumpster you’ll need. This will depend on the number of people in your business and how much waste you produce. A good rule of thumb is to ask yourself how long it would take you to fill the dumpster with trash and consider renting a dumpster that is at least one or two days’ worth of waste.

2. Appropriate Equipment

Ensure you have the right equipment on hand to ensure that loading and unloading your dumpster is as easy as possible. A few common pieces of helpful equipment include a hand truck, ramps, and wheel chocks.

3. Proximity to Your Home or Business

Consider how close the dumpster needs to be to your home or business. If it isn’t right next door, a dumpster rental company may have to charge you more since it costs them money to deliver the dumpster. Also, if there aren’t any roads in the area that can accommodate a large truck, you may have to pay for the dumpster company to get special permits.

4. Reputation of Dumpster Rental Company

Before making your rental decision, it’s important … READ MORE ...

Emily Burgman by — March 12, 2022 in Home Products and Services
Some Disadvantages Of Metal Roofing

In some ways, a metal roof can be very advantageous to the person that lives under it. Steel, iron or other similar roofing materials can be very durable and great for the environment. However, there are also quite a few issues that you should be aware of before you decide to use metal to cover your roof. Two of these issues are written below. 

Can Make Noise

The sounds of objects such as hail, rain, or whatever the wind happens to be carrying at the time hitting metal shingles can be very loud and annoying. Sure, measures can be taken to suppress the sound before it passes into your home, such as putting sound isolation materials directly under your roofing, but only so much can be done. If you are easily irritated by noise or struggle to sleep when there’s too much noise, this is not the roofing material for you. 

Can Dent and Discolor

While it’s unlikely that anything which tends to fall from the sky will make a hole in steel, iron, or other metallic roofing, damage can still be done. Hail and wind debris can cause plenty of dents and enough rain can cause discoloration in certain metals. This may cause your roof to not look as good over time. If you are not bothered by this, then consider asking for metal roofing Daytona Beach the next time you’re building or remodeling your roof.

Again, if loud sounds and aesthetic issues bother you, then it’s understandable if … READ MORE ...

Emily Burgman by — January 19, 2022 in Home Products and Services
3 Things To Have Inspected Before You Buy a Home

Buying a new home is a considerable investment, and you want to ensure that you’re making the best purchase possible. That is why you should never take anyone’s word on the condition of any part of the home. Instead, you should always hire someone to inspect these three things before you buy a home. 

1. Roof

The roof is one of the most vital parts of a home, and if it has problems, they can be costly to fix. Replacing an average-sized roof can range from $7,000-$10,000, so you want to ensure that you know about any potential problems before signing the final papers. 

You might feel that only having a home inspection done will be sufficient. However, a home inspector will only look for apparent damage to the roof and won’t see any hidden issues as a certified roofer will. 

2. Plumbing

Plumbing issues in a new home can be challenging to identify because you don’t really use the plumbing before you purchase the house. That is why it’s helpful to have a plumbing inspection done.

You’ll want the plumber to check all faucets, showerheads, and toilets and ensure that they work correctly and don’t have any leaks. You’ll also want them to do a plumbing video inspection Hillsboro OR, of the main sewer line to check for any current issues or problems that could get worse over time, such as a bellying line. 

3. Well

If the home you would like to purchase is on a well, … READ MORE ...

Emily Burgman by — December 21, 2021 in Home Products and Services
Is A Ductless Mini-Split Right For You?

Not all buildings come equipped with air-conditioning or heating. This may be due to the age of the structure, cost concerns during construction, or in some instances, the property was intended for storage rather than a workspace or residence. 

Installing ductwork for an HVAC system can be destructive. Window air-conditioning units or space heaters may be ineffective. If neither meets your needs, it may be time to look into ductless mini-split systems in Concord CA for your home or property. 

What’s In A Name?

The “split” refers to its resemblance to HVAC systems with its outdoor component for ventilation.

“Ductless” means there are no air ducts to install or maintain. Installation is straightforward, connecting only the chosen room to the outside component. You don’t need to tear up floors and walls by installing ducts. 

The wall-mounted head inside is “mini” compared to window air-conditioning units, meaning they take up less space and are never in the way!

What Are The Benefits?

You can pick which rooms are climate-controlled, saving money on energy. A single outdoor component can serve as ventilation for up to eight rooms, so if you decided to start small with one room, there is nothing stopping you from connecting more later down the road. 

Each wall-mounted head maintains only the room it’s installed in, allowing for personalization. You can have a cool kitchen and a warm bedroom rather than a single temperature throughout the house. 

If you already have an HVAC system there may be areas in … READ MORE ...

Emily Burgman by — November 25, 2021 in Home Products and Services