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Buy-to-let mortgage company tightens rules on new flats (Financial Times)  Capital Home Loans, a buy-to-let mortgage company, has tightened its lending criteria on new flats in the latest sign of rising concerns about the market.read more...


A Popular Mortgage Myth (The Motley Fool)  Overpaying on your mortgage can save thousands of pounds off your mortgage bill. read more...


Prime Buying at Thornburg Mortgage (Barron's Online via Yahoo! Finance)   Based in Santa Fe, N.M., Thornburg Mortgage is a single-family residential-mortgage lender with a real-estate investment trust tax structure and is not exposed to the subprime menace.read more...


Elsewhere in the Ist-a-verse  Bostonist has its first birthday party and investigates how to attach more gambling dollars to the Red Sox .read more...


Building still booming  New home. Jose Vallecer and his wife, Amelia, are getting ready to close on a new home in Palm Bay.read more...


Arm yourself to protect against shoddy service, workmanship  When Cathy Slocum and Jeff Clark moved into their home, they hired a guy to replace the leaky skylights.read more...

May 10th, 2008

Contractors’ three R’s

ESCANABA- Spring is usually the start of the construction season, but it’s uncertain how economic woes will impact projects. Residential contractors say more people are renovating rather than building new homes, and commercial contractors say business is slower but steady.

Dave Melin, owner of D Melin & Son Construction, Bark River, said more people are looking to remodel and renovate their home rather than build new.



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