July 30, 2010
Are Mortgage Insurance Companies Affecting Your Owner Builder Construction Loan?
July 30th, 2010 | Posted in Articles
An owner builder construction loan, just like any construction loan, will not have any mortgage insurance payments while you build. So, why is it then that mortgage insurance companies are having a huge impact on your ability as an owner builder to secure your loan? The answer lies within the banks’ rules for converting you to permanent financing once the home is built.
Even though an owner builder loan has no mortgage insurance to worry about during the construction phase, the lender has to have a plan for when you are done building your home. They need to know that there is a way to secure financing once the home is built. Otherwise, the construction lender will be stuck holding the mortgage and unable to free up enough capital to lend to other owner builders. In fact, the best owner builder construction loan programs are designed to convert automatically from construction to permanent financing without making the borrower go through two rounds of closing costs.
Therefore, construction lenders have to take the permanent loan into consideration when qualifying a borrower for the construction phase. And, thus, the mortgage insurance guidelines that apply to permanent financing will greatly affect the construction loan, whether it’s for a...
Read more ...
July 30, 2010
They haggle over giving extensions for the unemployed; they threaten us that Social Security and Medicare are bleeding “Americans” dry; they’re unable to fund a universal health care program; the total loss of any safety net for the poor, usually single parents, since Reagan proclaimed the end of Welfare Queens; and the list goes on and on. Now that I am ‘enjoying’ my golden years of retirement, I not only can’t afford to live back home, I can’t even afford to fly there to see my family….Hawaii. I worked hard and feel guilty that I am able to get a pretty good amount monthly, yet, I can’t afford a medicare suppliment insurance. The rents are too high for the average person, food has gone up in price while the containers have gotten smaller, we did not qualify for a COLA this year, yet everything has gotten more expensive. My co-payments for health care; non-covered dental and vision care, with rent costs over half of the amount I have to live on every month…..I mean, it’s just too infuriating. We all knew this was going on and who was pocketing all the money, but having it official and in black and white makes me want to vote for guys like Green in S. Carolina. Does anyone know if Medicare pays for cyanide and if the co-payment is affordable????
Kathleen, Stuck in Baton Rouge without a paddle
A billion here, a billion there, before you know it, we’re talking about real money. Th...
Read more ...
July 30, 2010
If the horseplay as seen in the video is proven to have occurred, it would be a violation of Section 189 of Alberta's Occupational Health and Safety Code, stipulating "if a worker may be injured if equipment or material is dislodged, moved, spilled or damaged, both the employer and the worker must take all reasonable steps to ensure the equipment or material is contained, restrained or protected to eliminate the potential danger." (WCxKit)Alberta construction safety association
So I awoke this morning, thinking exactly how I should organise my day. Each day usually begins with no step by step plan on exactly how to make the next eight hours, worthwhile and fulfilling. Maybe I should start by searching the net for alberta construction safety association as this is a topic I have been putting off for the longest while. Will I be successful in obtaining information on this topic? Can there be consistency in working a full day? Will the focus be able to be sustained? Maybe I should stop asking questions and start working. Today I will start with a plan and assess my work at the end of the day....
Read more ...
July 30, 2010
Bresette + Company has been chosen to conduct market research, execute a brand audit, do a competitive market analysis as well as be involved with strategic planning in order to develop a comprehensive integrated marketing program for ConEst Software Systems. ConEst offers bidding and project management solutions for electrical and data cabling contractors.
Founded in 1989, ConEst Software released the first version of its software in 1990. The company's IntelliBid estimating and PowerSuite construction management software solutions were recognized by Electrical Products & Solutions magazine as Top Products of 2006. This latest system in their lineup of estimating products is designed to work with Windows-based systems, for ease of execution. ConEst also offers full support and training programs for their clients.
"ConEst offers the most comprehensive, advanced and innovative technology products available to the electrical and data cabling construction industries. To enhance our exposure and help move our company to the forefront of industry recognition, and after a careful review and selection process of qualified marketing firms to help us move forward with those plans, we eagerly chose Bresette. We felt that they quickly understood our objectives and developed an excellent strategic plan accompanied with a detailed overview of its tactical execution. Bresette gave us the confidence we needed, knowing that they had a thorough understanding of what is nece...
Read more ...
