Best Home Buyer Protection Plan According To The Experts At Loan Love

PR Newswire

SAN DIEGO, May 16, 2014 /PRNewswire-iReach/ -- LoanLove.com is a borrower advice website that offers in-depth information on home loans that experienced home buyers can benefit from in an easy-to-understand and entertaining way that even first-time borrowers will be able to grasp. The team at LoanLove.com is devoted to help empower both first time and experienced homeowners with valuable resources, first-class knowledge and connections to top-rated industry professionals and has the mission of helping consumers and borrowers to obtain the latest information on mortgage lending news, the real estate market and the U.S. financial landscape in order to help them obtain a home loan that they will love. Despite what home owners may think, getting a protection plan a home is nothing to scoff at and can save a home owners much cash in the long run. Loan Love's new article titled "Home Buyer Protection Plan (Cover Your ASSets)" provides the home owners with the best home buyer protection plan among other important details to ensuring a home safety.

Expenses for a home don't end with the home's initial purchase alone, there are other expenses every callow home buyer will need to factor in, such as the possibility of major repair bills. To secure a home owner's own investment in a home, the Loan Love article recommends a few home protection plans, such as a home warranty. The article goes into further detail:

"A home warranty is essentially a one-year residential services contract that covers repair or replacement of the components of your home's most important operating systems and appliances if they fail due to normal wear and tear.

There are benefits to both buyer and seller. The seller has the assurance of knowing he or she is not going to be getting phone calls from angry buyers who have had to sink money into repairs and replacements of major systems in the home just sold.

As a buyer, your benefits are obvious: you can move in with peace of mind, knowing the cost of any possible major repairs with most of your home's systems are covered."

Home protection plans are made to differ from house to house but will usually cover many important housing items, from water heaters to dishwashers or even doorbells. In the event that a repair on the home becomes necessary, a home warranty will usually allow home buyers to make a repair call for any of the covered items in a warranty, but with the home buyer protection plan covering the costs instead of the home owner paying directly.

Loan Love's article also tells home buyers to make note that not all property or items on a home lot is inclusive under the home buyer protection plan. Many outdoor items such as pools or lamp posts are omitted from home repair coverage or replacement. Savvy home owners should speak with their real estate agent to see what their home protection plan will cover when finalizing a purchase on a home.

The article provides more details on home protection programs and how to avail on them. As a last reminder, the Loan Love article mentions: "In some areas, it is commonplace for the seller to purchase the home buyer protection plan for the buyer. In others, the buyer is left on his or her own to find coverage. Your real estate agent and lender can serve as excellent resources for helping you find a protection plan that fits your needs.

The plans are typically economical to purchase, with price varying according to the cost of living and other financial parameters in your area."

To learn more on the best home buyer protection plan, please visit LoanLove.com to read the complete article.

Media Contact: Kevin Blue, LoanLove.com, 949-292-8401, contact@loanlove.com

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