Steve and Lisa's Mortgage Morsels

This Week’s Mortgage Morsal: What you need to know about home warranties

Whether you are considering selling your home or purchasing a new one, understanding what a home warranty is - and what it covers - is important.

A warranty protects your investment in a home by providing coverage should certain appliances or systems fail. For first-time home buyers who are also novices at home maintenance, a home warranty may be particularly appealing. But home warranties aren't just for first-timers; they're smart for any home buyer. And if you are selling your home, a home warranty may distinguish your home from others not covered by a warranty.

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