Like home or auto insurance, mortgage insurance requires payment of a premium, is for protection against loss, and is used in the event of an emergency. If a borrower can't repay an insured mortgage loan as agreed, the lender may foreclose on the property and file a claim with the mortgage insurer for some or most of the total losses.
Fingerjointing is a process in which short pieces of high grade wood are end glued together to make long lengths of stock. The advantages to this process are cost and availability of long lengths. Fingerjointed wood is used in a variety of applications including interior and exterior trim, moldings, and siding materials. In exterior applications, its one drawback is the way in which the different grains of the various pieces react to weather exposure. The individual pieces may telegraph their differences through the finish coat of paint giving a somewhat uneven or checkerboard appearance over time. Fingerjointing is a wonderful recycler of wood products if you give thought to where it can work best for you.