Tips & Advice
What is a cementitious waterproofing system?
Cementitious waterproofing systems that uses a mix of chemicals, applied t to the surface of cement with ing brushes or sprayers; once dried, it forms a protective membrane across the surface of the cement. This method is relatively user-friendly for DIYers. One downside is it does not naturally adjust to any changes in the cement (like cracks). There are additives you can use to increase the malleability in cementitious waterproofing chemicals to account for slight changes in the cement.
What is bituminous damp proofing?
Bituminous damp proofing is not just a cool-sounding term, it’s a great way to waterproof materials. Damp proofing materials are chemical compounds that, when applied to the surface of a variety of materials like wood, metal and concrete, provide a breathable membrane that allows internal moisture to escape, while providing a protective water-resistant surface. It can be painted or sprayed on and is popular on outdoor decks and fencing materials.
What is waterproof concrete?
Waterproof concrete has been treated to prevent interior or exterior water or moisture buildup. Crystalline waterproofing is a process used in the concrete mixing to eliminate the naturally porous elements inside of concrete. Chemicals can also be applied to the exterior of any concrete structure to provide a surface membrane that shields the concrete from any external water sources. Both can be used to create a virtually waterproof concrete.
What is crystalline waterproofing?
Crystalline waterproofing is an admixture that is used to create permanently waterproof concrete. Concrete is a naturally porous material with tiny grooves and capillaries inside. Crystalline waterproofing makes concrete non-porous and uses chemicals that change the actual chemical makeup of the concrete, allowing those grooves to be filled in and, making it waterproof from the inside out.
What is elastomeric waterproofing?
Elastomeric waterproofing is a polymer with viscoelasticity, meaning it has both viscosity and elasticity properties, which makes it kind of thick and gooey.Elastomeric waterproofing materials are ideal for concrete structures as they provide a strong exterior coat that is malleable prior to drying, so it can fill nooks and crannies to provide maximum coverage and protection. Its chemical makeup also makes it durable, mold and mildew resistant, and, of course, highly water resistant. Elastomeric waterproofing is an exterior-based type of waterproofing that goes between the structure (your house, building, or fence) and the elements.
What chemicals are used in waterproofing?
Most chemicals used in waterproofing are acrylic, elastomeric acrylic, and latex based. Some chemicals are designed for internal usage, such as elasomeric waterproofing, which is designed to be mixed into concrete to create waterproofing from the inside out. Other materials are designed to create a surface membrane, or a protective layer or barrier between the structure and the outside elements.
What is the purpose of waterproofing?
Waterproofing is a chemical process used to prevent water or moisture from seeping into structures, especially buildings and housing structures where they can cause damage. Waterproofing can be done to metals, woods and concrete; homes, buildings, fences, decks, driveways, roofs and basements are all typical structures that need to be waterproofed.
What is a reverse mortgage loan?
A reverse mortgage is a type of mortgage loan that's open to homeowners who are 62 or older. These loans allow these homeowners to convert a portion of their home equity into cash. With a reverse mortgage, the borrower doesn't make monthly payments to the lender. Instead, the loan is repaid to the lender via proceeds raised from the sale of the property after the borrower moves out of the home or dies.
How to get a home mortgage
- Take a look at your credit. Strong credit can help you get a mortgage loan at attractive interest rates. Before applying for a loan, take a look at your credit score. A FICO credit score of 670 to 739 is considered good, while a score of 740 to 850 is considered very good or exceptional. If your score is weak, consider taking steps to improve your credit before seeking a loan. You can improve your credit by paying off balances and limiting credit card usage to 20 percent of available credit.
- Know what size loan you can afford. Many experts say your mortgage loan shouldn't exceed 2.5 times your annual salary. Your monthly payment will be dictated by the size of your loan and the amount of your down-payment. You can reduce the size of your monthly payment by increasing the size of your down-payment.
- Get pre-approved by a mortgage lender. Before beginning your home search, it's a good idea to get your loan pre-approved by a mortgage lender. This will let you know how large of a loan you can expect to get. You can use this information to narrow your home search to properties that are priced to fall within the limits of your loan amount.
- Choose a mortgage type. Your choices include a fixed-rate mortgage and an adjustable-rate mortgage, and you can choose a mortgage insured by the government or one that is not.
- Find a home. Once you've found a property you'd like to purchase, the lender will have the property appraised to make sure its value is commensurate with the amount of your mortgage loan. Once the mortgage has been approved, you'll need to do things like order a title search and purchase homeowner's insurance. If you have a government-backed loan, there might be other types of insurance you need to purchase.
- Fixed-rate mortgage. This is a mortgage that has a fixed interest rate over the entire life of the loan. The benefit is that it offers predictable payment terms and the fixed interest rate allows the size of your monthly payment to stay the same year after year.
- Adjustable-rate mortgage (ARM). With this type of mortgage, interest rates change from time to time to reflect current market conditions. In many cases, the rate remains fixed for an initial period, and then it is adjusted on a yearly basis. For example, with a 3/1 ARM loan, the 3 in the name indicates that the loan has a fixed interest rate for the first three years. Afterward, the rate is adjusted on a yearly basis, as indicated by the 1.
- Conventional mortgage. This is a mortgage loan that is issued with no government backing. A conventional mortgage might come with a fixed rate or an adjustable rate.
- Government-insured mortgage. This is a mortgage that is backed by the government, such as Federal Housing Administration (FHA), the U.S. Department of Veterans Affairs (VA), or the U.S. Department of Agriculture (USDA). A government-backed loan might come with a fixed rate or an adjustable rate, and typically requires a smaller downpayment than a non-government issues loan.
- Conforming mortgage. A conforming mortgage is one that falls within loan limits set by the FHA. These limits vary by real estate market. Expensive real estate markets like Los Angeles and San Francisco have higher loan limits.
- Jumbo mortgage. A jumbo mortgage is one that exceeds loan limits set by the FHA. In most markets, a jumbo loan is one that exceeds roughly $400,000. However, in expensive markets like New York City and San Francisco, the limits are higher; in these markets, a jumbo loan is one that exceeds roughly $600,000. Jumbo loans usually require higher down-payments and excellent credit.