All Forum Posts by: Michael Frish

"Structo-Lite goes on white so your pictures only show one white wall, which indicates he still has three walls and a ceiling to go!"

The white wall is an original wall with old painting. The gray walls and the ceiling is a new plaster...

Wall and ceiling plaster work...Is it normal? Hired a contractor (with a lots of good reviews via the "thumbtack" ). Paying

him on daily basis: $400 (labor only)

He's spent one week for ..one room (cleaned old painting and ... I don't know for what else. ) I'm paying for a labor only and buy all materials. Came to see his work after one week.. Is it normal?

How long does this work take? Should the ceiling and walls look like this? 5 bags of 50 lb. Structo-Lite Basecoat Plaster- how much material is needed for what he did? Is it worth continuing to work with this contractor (he says everything is fine) or is he a scammer? How much does this work cost (and how long does it take): prepare the ceiling and walls, cover them with plaster and paint them (one room)?

How legitimate is the broker's claim (clauses from the mortgage loan commitment)?:

1" This approval is based upon your current liabilities. You should not apply for or enter into any new credit obligations (i.e. car loan, car lease, credit card, etc.) prior to your loan closing."

Should I agree with those clauses of the loan commitment?

A question for those who are connected with a mortgage (working as a broker or with a broker) or have received a mortgage:

How legitimate is the broker's claim (clauses from the mortgage loan commitment):

1" This approval is based upon your current liabilities. You should not apply for or enter into any new credit obligations (i.e. car loan, car lease, credit card, etc.) prior to your loan closing."

2. " Improvements are to be built in a good and workman-like manner In strict accordance with plans and specifications fumished Lender and in compliance with applicable building codes. After completion, said improvements shall be approved by a representative of Lender and an occupancy permit issued by local municipality. Any changes, whether they be additions, deletions, or alterations, of the plans and specifications, must be approved in writing by Lender in order that this loan commitment remain in effect"

I'll pay 20% down payment and have a very good credit history, no debt and a high income. Particularly worried about the first point ... Does it mean that having signed an agreement with these points, I lose the opportunity (mortgage for 30 years) to take a new car, buy additional real estate, etc.?