Primemax Mortgage Group

Why the Wood Destroying Report "WDIR"? Determining Termite Damage

Termites may be small insects that often stay out of plain sight, however, the damage they leave behind can quickly become an issue—and one that’s very expensive to fix. In the U.S. alone, these wood-destroying insects are responsible for billions of dollars of property destruction every year.

As a prospective homebuyer, you’ll want to know if these destructive pests are causing damage to the property or have left some behind in the past. A must when buying, selling, or refinancing a home, the WDIR (Wood Destroying Insect Report) is an inexpensive way to avoid problems before you seal any deal.

What is a WDIR?

A Wood Destroying Insect Report (WDIR), or a termite certificate, is a legal document usually required by the lender that has been issued by a licensed inspector. It states whether or not a particular structure has an infestation or has had one in the past. More specifically, it determines the following:

  • Does the structure, or home, have a current infestation?
  • What type of insect is causing the infestation?
  • Has the structure had an infestation in the past?
  • Is there structural damage due to current or past infestations?
  • Has the home been treated in the past for infestations?

Termites are not the only wood-destroying insects that are common in the state of Pennsylvania, although they often are the most damaging. Some others include:

  • Powder post beetles
  • Carpenter ants
  • Carpenter bees
  • Wood-destroying organisms (WDO)

If you are using a real estate agent they likely will have a pest control professional that they recommend for a termite certificate, or WDIR. Make sure to ask them or research some good local companies on your own. A qualified professional will be able to spot any current wood destroying insect infestation or damage from a previous one. If they inspect the dwelling and find nothing concerning then that is one less thing you need to worry about as you look to close on your new home.

 

Posted by on May 11th, 2017 1:00 PM
Student loan debt and repayments play a large role in buyers qualifying for mortgage loans. With escalating costs of college education, many graduates are carrying the heavy burden of debt. Luckily there are many programs providing student loan payment relief, but when it comes to mortgage qualification, the programs are not often recognized. VA home loans, available to qualifying military veterans or active service members, are the most flexible when it come to student loan debt. So Veterans can take advantage of these flexible student loan guidelines to purchase a new home.

The Veterans Benefits Administration, in the Department of Veteran Affairs, recently announced a rule clarification, in Regards to student loan debt. 



Additionally, new policy provides guidance for student loans in repayment. This includes loans which will be in repayment within 12 months.

Check out how VA loans help service members, Veterans or surviving spouses with student loan payments. 

Deferred student loan payments mean payments are not required for a period of time.

Guess what? VA loans recognize the zero required payment under certain circumstances.

VA guidelines state the following:  Student loan payments which are deferred greater than 12 months after the mortgage closing date may be disregarded! 
Posted in:Home Buying and tagged: home buying
Posted by on March 8th, 2017 4:28 PM
Did you buy a starter house in your twenties and now you have a family or are planning a family and need a bigger house? We can help you make that happen!

With June being right around the corner and being NATIONAL HOME OWNER MONTH now is the time for you to upgrade your starter home to your dream home! You will have more space, better schooling options for the kids, closer to work, and that pool you have been wanting.

Give us a call today to see if you qualify!

256-543-9211
Posted by on May 20th, 2015 2:29 PM