"Fall Back" Reminder

This Sunday, November 5th at 2:00am, Daylight Savings Time ends. 

Remember to set your clocks back one hour.

Did you know...

  • The United States didn't start until 1918, which we adopted from our Canadian neighbors from the North.  


  • The U.S. Chamber of Commerce was the major backer for the policy. They argued that Americans getting off work while it was still light out meant they would be more likely to go out in the evening.


  • In 1966, President Lyndon B. Johnson signed the "Uniform Time Act". This set in place the standard six months of Daylight Savings Time and six months of Standard Time. States had to either adopt Daylight Savings or opt out. Hawaii and most of Arizona are the only states that do not practice this policy.


  • By 1986, the U.S. started observing seven month - the extra month added between $200 million and $400 million to the golf industry and barbecue equipment manufacturers. Since 2005, the U.S. has been observing eight months of Daylight Savings Time.


Acker, Lizzy, The Oregonian, and OregonLive. When does daylight saving(s) time 2016 end? Get ready to change your clocks this weekend. OregonLive.com, 4 Nov. 2016. Web. 4 Nov. 2016.
Waxman, Olivia B. The real reason why daylight saving time is a thing. TIME.com, 4 Nov. 2016. Web. 4 Nov. 2016.


The Tax Collector Cometh

It's that time of year... the tax bills are hitting your mailbox.

The good news is, these taxes are tax deductible on your federal tax return so keep the statement to give to your CPA next year.

If you’ve received a YELLOW bill, that means the county knows you are not in charge of paying it; no action is needed on your part.

If you’ve received a GREEN bill, that means the county thinks you are in charge of paying it.

Did you get a green bill but have an escrow account?

If your loan closed in the last month it is very likely that the county just didn’t get the message in time.

If you closed in September with a first mortgage payment of November, then the escrow company will be paying your bill and you will get the 3% discount.

If you closed earlier than September but believe your taxes are included in your payment (check your mortgage statement for money collected in an escrow account), then call the servicer of your mortgage and make sure they got the bill.  Write down who you talked to and when right on the bill. 

If you got the green bill because you are in charge if you pay by the 15th you will get a 3% discount.

Protect Your Investment

Your home is your largest investment. A blocked heating vent, a damaged roof, leaking window frames — all of these can go from minor issues to major issues if they're not addressed. The following are home maintenance projects you’ll want to stay on top of, because maintaining these items is much more affordable than replacing them in an emergency. 

It lasts a long time, but not forever. On a dry day, look over your roof for missing or broken shingles. Next, look for signs of leaking in the attic and crawlspaces under the roof. Trim back any overhanging branches to keep squirrels and other potential home invaders at bay. 

A damaged foundation can cost thousands of dollars to repair. Water damage is the most common, so keeping gutters clear and ensuring downspouts drain away from the home is crucial. Overly dry weather can cause problems too, leading to cracks and to earth pulling away from the foundation. If you see any cracks along the walls or notice doors becoming difficult to shut, you may already have a big problem. Another symptom of foundation issues, surprisingly, is slow-draining sinks and tubs, so be sure to call in a professional if you notice this problem. 

You don’t want to be caught needing your heat or A/C and suddenly realize it has broken down. Regular seasonal maintenance checks are a must to keep your HVAC in good working order and get the longest lifespan out of it. Vents should be cleaned and seals checked, and you can replace the filters yourself. Have a professional come in twice a year, ideally in spring and fall, for cleaning and maintenance.

Most water heaters employ a large, insulated holding tank to ensure there’s plenty of hot water on hand. A leak or a blockage could mean sudden flooding and major water damage. Over time, naturally occurring minerals in the water, as well as sand and grit, can build up in the bottom of the tank, reducing the efficiency and capacity of your water heater. It can also plug the drain and interfere with ongoing maintenance, leading to early failure. With few moving parts, repairs to a water heater generally cost a couple hundred dollars; replacement, however, is going to be closer to $1,000. 

When a sewer line is clogged or broken by tree roots and debris, you’ve got an expensive — and disgusting — mess on your hands. These issues can cost in the tens of thousands of dollars to repair, so maintenance is critical to avoiding a disaster. The older your home, the more critical it is to get regular inspections.

Regular maintenance on your home is a means of protecting your investment. Of course, these are only a few of the regular maintenance jobs required to keep your home running smoothly and comfortably. You can download seasonal checklists that will guide you through all the maintenance and inspections you can perform to keep your house at its best. If you do choose to make repairs, upgrades, or replacements, I’m happy to show you the benefits of a line of credit to help you keep your house in tip-top shape. 

Happy Labor Day!

Directors Mortgage would like to wish you and your family and safe and happy Labor Day weekend! Our offices will be closed on Monday, September 5th, in observance. Check out these interesting Labor Day facts including one about our home state!

Labor Day Facts

  1. The first celebrated US Labor Day was on Tuesday, September 5, 1882 in New York City, planned by the Central Labor Union.
  2. 10,000 workers marched from City Hall all the way to 42nd Street and then met with their families in Wendel’s Elm Park for a picnic, concert, and speeches.
  3. Canada is said to have originated the idea of hosting a day honoring the labor movement. In 1872, they held a “Nine-Hour Movement” to show support for striking workers.
  4. There is disagreement about who actually proposed Labor Day as a holiday. Some say it was Peter J. McGuire, who was the cofounder of the American Federation of Labor. Others believe that it was Matthew Maguire, a machinist.
  5. Oregon was the first state to celebrate Labor Day as a legal holiday in 1887.
  6. The decision to make Labor Day the first Monday of September was approved on June 28, 1894.
  7. Labor Day started as a part of the labor union movement, to recognize the contributions of men and women in the US workforce, but modernly is seen as a chance to celebrate the last weekend of summer.
  8. Americans worked 12-hour days seven days a week during the 19th century!
  9. The Adamson Act was passed on September 3, 1916 to establish an eight-hour work day.
  10. Historians say the expression “no white after Labor Day” comes from when the upper class would return from their summer vacations and stow away their lightweight, white summer clothes as they returned back to school and work.
  11. There is still a Labor Day parade in New York City, which takes place throughout the 20 blocks north of the 1882 labor march.


  • United States Department of Labor. “Labor Day History.” 2014. Web Accessed November 4, 2014.
  • The Library of Congress American Memory. “The First Labor Day.” January 20, 2011. Web Accessed November 4, 2014.
  • Phillips, Pattie. “Highlights in Canadian labour history.” CBC News, September 4, 2009. Web Accessed November 4, 2014.
  • United States Department of Labor. “Labor Day History.” 2014. Web Accessed November 4, 2014.
  • CNN. “Labor Day Fast Facts.” September 1, 2014. Web Accessed November 4, 2014.
  • Harbster, Jennifer. “The First Monday of September.” The Library of Congress, September 4, 2010. Web Accessed November 4, 2014.
  • PBS NewsHour. “The Origins of Labor Day.” September 2, 2001. Web Accessed November 4, 2014.
  • PBS American Experience. “The Steel Business: The Lot of a Steel Worker.” 2009. Web Accessed November 4, 2014.
  • Newspaper & Current Periodical Reading Room. “Topics in Chronicling America - Eight Hour Day (1916).” The Library of Congress, November 13, 2012. Web Accessed November 4, 2014.
  • Berry, Allison. “The Rule ‘No White After Labor Day’ Has Historical Roots.” TIME, September 5, 2011. Web Accessed November 4, 2014.
  • New York City Central Labor Council. “2014 NYC Labor Day Parade.” 2014. Web Accessed November 4, 2014.

Need To Qualify For More?

Directors Mortgage has the solution! Fannie Mae’s HomeReady loan program is designed to help you realize your dream of homeownership with guidelines specifically created to help you qualify!  Some of the highlights include:

  • Only 3% down payment required – even better, the entire down payment (and closing costs) can come from a gift or grant!
  • You do not need to be a first time home buyer to qualify!
  • Unique income sources (boarder income, non-borrowing household member income, and rent from an ADU) can allow for greater purchasing power!
  • Reduced mortgage insurance applies when you put less than 10% down, which will result in a cheaper overall payment!
  • Rates can be as good or better than normal conforming rates depending on your down payment and credit score!

Income limits may apply; contact your Directors Mortgage Senior Mortgage Specialist to help you get started. Don't have one yet? Find our closest office to you!