Buying a house in this day and age is quite expensive. To the point, it’ll leave you broke. But, that does not mean that maintaining it should burn another hole in your wallet.
So, the question that now begs an answer is – do you need home insurance or home warranty insurance? And what is the difference between the two? Fret not, we have these questions covered.
Home insurance covers the structure of your home and protects you from damages, theft and at times may extend coverage to medical expenses that occur on the property. Home Warranty Insurance protects the internal elements such as the systems and appliances of your home.
If you’re still unconvinced about the amazing advantages of home warranty insurance, here are more reasons why you should opt for it:
The cost of repair or replacement of any household appliance is anywhere between $6000 to $14000. But, if you had a home warranty insurance plan, it’d get replaced with no hassle.
From your heating and cooling systems to all the major appliances, the warranty covers it all.
All that stress of going through the yellow pages, finding one contractor that suits your needs, getting quotations, all that gets thrown out the window when you have a home warranty insurance plan.
Now, if these options have you convinced on why it’s absolutely necessary to get a warranty, let’s see when is the right time to get home warranty insurance coverage? You can get one when:
So, how do you pick a service provider?
It’s important to remember, that the services you receive will be based on the premium you’re willing to shell out. Also, select the provider based on customer reviews and their reputation.
3 providers of home loans with no down payment
Most borrowers wanting to buy a house are always on a lookout for the most-suited mortgage. They look for lenders who offer them the lowest rates of down payments. Although there are lenders who offer mortgages at extremely low down payment requirement, a no down payment home loan is rare to find. Following are the three providers of loans who do not require any down payment:
Department of Veteran Affairs
Qualified veterans, specific members of National Guards and Reserves, as well as duty service members are eligible for a house loan from the Department of Veteran Affairs. Apart from getting a no down payment home loan, the borrower does not need to obtain additional mortgage insurance either. This is covered by the funding fees which is paid by the borrower and further added into the loan amount itself. As a first-time borrower, there is a varying funding fee of 2.15% for veterans or the current members of the military as well as 2.4% for other eligible members of the National Guards and Reserves.
Navy Federal Credit Union
Known to be the largest credit union when it comes to the membership as well as assets, the Navy Federal offers no down payment home loans with 100% financing to primary members. The eligibility, however, is only for specific civilian employees of the military and the Department of Defense, military members as well as the immediate family of those mentioned above. The funding fee of 1.75% of the Navy Federal Credit Union is lesser than that of the Department of Veteran Affairs.
United States Department of Agriculture (USDA)
USDA has grown to be one of the highest lenders of no down payment home loans in the nation. Contrary to what the name suggests, the borrowers are not just associated with farmlands. In fact, you may find your eligibility as well on their website. The only two restrictions are the household income criteria and the geographical limitation. Although it is not a written guideline, experts say that USDA prefers first-time borrowers. However, again, it is not a hard and fast rule, but it is easier for first-time borrowers to procure a loan from USDA.
The eligibility criteria to procure a loan with the first two providers is very limited. However, you may try your luck with USDA while looking for a mortgage with zero down payment.
Baby strollers-A highly useful asset for your little one
The arrival of a baby marks the start of a whole new time and phase in the life of a parent. This is a time when love and affection take a priority even as the logistics of raising a baby into adulthood will become the uppermost concern on everyone’s mind.
There are several products that we tend to invest in, when a new baby is on the way. Starting from clothes to cribs and even baby strollers or prams, there are a number of things that make life easier when you have to handle a baby. It is imperative to invest in the right kind of products because handling the delicate infant is a matter of getting the position, posture and other such details correct so that the child and mother are both comfortable. For this, one will have to look into many details so that the products will actually help in taking care of the child. Here are a few tips on buying the best kind of baby stroller for your baby.
Lightweight and easy to push
One of the main things to remember is that you will need all your strength and both your hands at the same time for your baby. For a while, the new mother will not be able enjoy a hands-free existence unless the baby is sleeping. So, it would be best to invest in a stroller that is lightweight and easy to push rather than a very heavy duty stroller, which will cause discomfort for the mother.
Brakes and other mechanics
There are a number of mechanisms that have to be in place so that the baby stroller is safe to use. You will need to check the brakes and ensure that they work properly and are easy to apply. Also, ask for a demo at the store so that there is no confusion thereafter. Further, you can check for the guarantee or warranty on the stroller and find out what all it covers. Also, the wheels and other aspects should be checked properly. This is especially important so that your toddlers and older children are also safe in case they are walking beside you while you have the baby in the stroller.
Expandable and foldable
The average baby stroller today is one that can be expanded in terms of size and also folded so that you can easily stow the same when you are on the go. Ensure that these mechanisms work properly and check for the location of the levers so that the same is well out of the baby’s reach and grasp.
Try and choose a piece that can later on accommodate a toddler as well so that you do not have to invest in a new baby stroller with the growing years. Do check whether the seat can be pushed upright so that the baby can easily sit up when he or she starts to sit.