Wow, I’m so sorry you’ve had such a bad experience with your shiplap 🙁 Definitely not fun! I’m wondering what kind of wood your contractor used for the shiplap? Was it pine? (we used pine) If so, pine is a smooth surface so it should have rough patches. It does, however, have knots and holes. My hubby filled most all our holes with wood putty prior to sanding & painting. Is it possible they used cedar shiplap? Cedar would have a rougher texture to it, so not ideal for shiplap. Did your shiplap have 2 different surfaces on each side (a smooth surface on one side and a rough surface on the other side?) I have seen it come like that. Regardless, don’t let the lumber company condescend your wishes! You are not crazy at all for thinking that is should be smooth – who wants a million splinters on the wall of your boy’s room? Stand your ground with your contractor and have them fix it to your satisfaction. You are the customer and it is their job to make you happy. And don’t pay them until they make it right! Good luck!
The "standard" 28%/36% ratios have been in place for a long, long time and the market performed well with them (when adhered to, and in conjunction with items such as proper income documentation) in both good times and bad. Also, please know that our calculation does take into account available tax and insurance information. It's admirable that you look deeper into a client's finances, and of course you know that debts do play a role in qualification. However, items such as cable, emergency funds and retirement planning have always been beyond the scope of mortgage qualification and likely always will be.