What Is A Derecho? Did It Impact My Refinance?

August 27th, 2012

 

This a story about an odd storm called a derecho that blew through the Washington DC area in late June, and storm damage, and mortgages. I know it is hard to imagine what mortgages have to do with an odd storm called a derecho. A derecho is defined as a widespread, long-lived, straight-line windstorm that is associated with a fast-moving band of severe thunderstorms. The one that blew through the Washington DC Metro area was severe and caused lengthy power outages, and damages to homes, mostly from falling trees. When there is damage to a home, a mortgage lender will Read the rest of this entry »

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