Something good has come during Covid time...
6 years ago
last modified: 6 years ago
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Crazy to apply for mortgages / house hunt during Covid-19?
Comments (14)I had a great conversation with my bank today, through whom we hold our current mortgage, and with whom we will apply for this one. They said a letter of pre approval is good for 120 days. The banker said it is very easy to get it extended thereafter, they would just need to recheck our credit scores, and that there would be no more paperwork that we have to submit for the renewal of an additional 120 days. She mentioned having a client who is now on her fourth renewal! The banker encouraged us to get pre-approval for a higher amount that what we are looking for because she is confident we will qualify and it is obviously much easier to get a montage for a smaller amount than the pre-approval, but a lot of last minute work to apply for a montage that is higher. She sent me all of the paperwork to get started and said they would all be working from home next week if I had any questions. She said the biggest hiccup she sees now in the buying process is getting appraisers out to a property. But that is quite far down the road for us. I'm glad to have something positive to focus on by getting all of our paperwork together. I'm sure it might take longer than usual to get verification of whatever we may need from employers as HR departments seem quite slammed with organizing work from home capacities. Lindee Lee, I'm sorry for your Tenant and in turn for you too. I hope there is a lot of government support and forgiveness for both renters and landlords who need their rent checks. I just looked at the financial support net that England is rolling out. It is enviable and will keep their economy in much better shape....See MoreWasher repair vs. replace during COVID, great outcome.
Comments (15)@dadoes good point and examples of plastic gears, seems likely an engineering decision to create a replaceable weak link to protect the mechanism similar to a shear pin. In the case of my machine’s common Maytag transmission, the aftermarket has a solution shown in the pic below. This seems to be the “shear pin” which fails. Not an easy job to remove and disassemble the transmission, and in my case replacing all 3 bearings and two tub seals was a good move given the age and hard use. Paying a pro to do the job would be cost prohibitive, but for a DIY’er it’s doable and cheap....See MoreHoliday meals during COVID
Comments (27)Like Plllog, it's the holidays for us now. We did Passover via Zoom when it wasn't clear how long social distancing would last. It has been very strange going through the High Holidays without being able to gather for prayer. Our congregation has done a wonderful job of dealing with having only on-line services as best as possible, especially the cantor. Our kid's are all within driving distance - the closest lives a few miles away and the others are around 100 miles. They are all serious about social distancing - in some cases they have medical reasons in their families to be extra careful. As it has become clear how long this would last, we decided that it was okay to see each other. It has helped the families to at least have a change of scenery for a bit and we have been able to give the parents a break by taking care of the grandkids for a few days every few weeks. We had a family gathering for Rosh Hashanah dinner and we are planning on another one for Sukkot. During Sukkot, one eats meals outside in a sukkah - a temporary structure built for the holiday. So, on another night we will have another couple over. We had an outside brunch at their house this summer and they are people I trust to have been socially distancing. If getting together required flying, I'd be very hesitant to do it....See MoreBathroom Remodel during COVID
Comments (17)If you "hope to get started right away" then we assume you have chosen your contractor and you are already on the schedule. Is there a GC or are you managing the contracting to various trades? Plans underway? What procedures does your contractor have in place and are you comfortable with them? And if you are in a condo, the access (daily unloading and transfer of materials and tools), space for fabricating (do you have an area where the saws and other equipment can be used?) And yes there will be noise and dust. Waste removal, parking and other considerations are likely built into your proposal/contract. And it will take longer than two weeks even if you have every design and material selection done in advance. Note that a covid impactor you might not be considering is the lead time on products and materials. You have not yet demoed the space, correct? Most of us have safety procedures in place and specific to COVID,. and we adapt within reason. That is a conversation we have with our clients to assure that every job is a good fit for them and for us. The most important resource is your trusted and vetted contractor. Hire wisely and you will have your answers....See More- 6 years agolast modified: 6 years ago
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