A look at home warranties

A home warranty is a contract that guarantees that certain systems in the home are in good working order. If they fail, the warranty company will repair or replace them. Home warranties can provide added security and peace of mind for all parties involved. Before buying a home warranty be sure that you review the list of all components that are insured. Most programs cover major systems such as heating and cooling, plumbing, electrical as well as built-in appliances and water heaters. Most contracts do not include the roof, foundation or structural components. Be sure to find out the cost

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Rent vs. Buy

Q: How do I choose between renting or buying? A: Owning a home offers tax benefits, as well as the freedom to make decisions about where you live. Homeowners, unlike renters, can secure a fixed-rate loan and lock in their monthly payments, so they can make investment plans knowing their expenses won’t change substantially. Renters are at the whim of their landlord, who can raise the rent each year without a renter’s input. Homeowners, on the other hand, are in control of their property and decide whether they allow pets, decorating, or permanent improvements.

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How to buy a new home before you sell the one you have now

It’s a good time to trade up to a home that suits your circumstances better than the one you have now. Before interest rates go up any more, you will be able to afford a larger mortgage, and your present home will be affordable to a larger group of people. If you want to buy before selling, you have to decide how to do it before your home equity is available to you. That could be tricky. Here are some ways to do it: * Some home builders offer plans that allow up to 100 percent of the purchase price

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