Published at Sunday, April 15th, 2018 - 17:46:45 PM. Flooring. By Christelle Brunelle.
Financial institutions usually don't have much experience with log homes. Lenders follow Fannie Mae's guidelines to appraise a property by comparing its value to that of similar homes which have sold in the past year. This can mean the appraiser must find at least three log homes which have turned over in the same county in the past year - hard task iin many areas. However Fannie Mae considers log homes to be in a class with "rustic-construction" bungalow style house plans; therefore any rustic home can be used in the comparison (have the appraiser or the mortgage loan officer contact FNMA to obtain clarification).
Mannington Mills first started its business in Salem New Jersey as a small felt-based flooring company and operated under the three-fold values: firm food practices strong values and effective professional management. With these three company rules the company has weathered through a great number of adversities such as the Great Depression a number of devastating fires two world wars and several setbacks. But with constant innovation and resolute determination Mannington has pulled through all these and still maintained a firm hold on their market share. The efficacy of the threefold policy prompted them to strictly adhere to it as they have decidedly done so in the past.
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