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The Proud Family Part 1

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Gone are the days when playgrounds are nothing more than the good old merry go round, see-saw, and a slide. Today, there is so much more when it comes to playground equipment that the smallest park can easily turn into a massive area of fun, just for kids. The playgrounds of today are designed to be both mentally and physically appealing to children of all ages.

What is great about the playgrounds and playground equipment is the fact that they are now designed to promote healthy activities for children. The designs are built to aid in providing enjoyment and recreation, as well as flexibility, strength, and coordination. What is more, there is so much more to playgrounds these days then the simple playground equipment. Now, tetherballs, basketball courts, and other activity areas are incorporated into the playgrounds for even more activities.

Fun for the younger children

Playgrounds have always been looked to as a source for fun, physical activities for the younger kids. Babies, toddlers, and children generally up to twelve years of age have a great time on the playground equipment. Depending on the playground you visit, you may find a variety of different slides, such as the traditional straight slide, longer slides, or even twisty, turning slides.

Monkey bars are also a very common piece of playground equipment you will find, as are mazes, chin up bars, jungle gyms, swings, trapeze rings, and so much more. Younger children especially enjoy the old favorites that have been around forever, such as the seesaw and merry go round.

Children learn a variety of skills on playgrounds that they may not otherwise learn. They take great pride in making across the monkey bars on their own or reaching the top of the jungle gym. Parents enjoy time spent with their children at the playground. Most playground equipment is safe, inspected, and maintained by the city in which the playgrounds reside. Therefore, you can rest assured that your children are safe and secure during your visits to the park.

The Proud Family Part 1

If you're going to be a happy homeowner, then you need to know the rules of the home-loan game. The first thing to understand is that your monthly mortgage repayments are just the start of the fun, because there are dozens of other fees and extras that you could be forced to pay for. So here's my plain-English guide to the finances of buying and owning a home:

A is for...

Annual Percentage Rate (APR)

The APR is meant to give you an indication of the cost of borrowing, enabling you to shop around for low-rate loans. However, it's complicated to calculate and open to manipulation, so don't rely on it too much. Always dig down into the small print to find out exactly how much you have to pay.

Application, booking or reservation fee

These days, most special-rate mortgages (and even some bog-standard deals) come with an upfront fee attached. This can be paid separately you can choose top add it to the mortgage ? at which point it begins to incur interest and ends up costing considerable more in the long terms. In the past, this initial fee would be around the ?200 to ?400 mark; these days, it's more like ?600 to ?2,500 for low-rate 'bargains'. Ouch!

B is for...

Broker

A mortgage broker is a middleman who helps you to find a good deal. However, some brokers have links only to certain lenders, so be sure to look for a broker who can search the whole of the market for you, and avoid brokers with high brokerage fees. The Fool's mortgage service is an award-winning, no-fee, whole-of-market facility, which we're rather proud of.

C is for...

Capital repayment or interest only (IO)

With a repayment mortgage, your monthly repayments pay your monthly interest bill plus an extra amount which chips away at your debt. With an interest-only mortgage, you pay only the interest bill and must make your own arrangements to pay off your debt at the end. Interest only is usually abbreviated to IO, which is short for 'I owe a lot of money, so I can't afford a repayment mortgage'.

Cashback

With a cashback mortgage, you receive an upfront 'gift' (of up to 10% of your loan) in return for being locked into a higher mortgage rate for, say, ten years. As with most bungs, this can backfire, so I generally warn readers against taking out a cashback loan.

Conveyancingor legal fees

The fees paid to your solicitor or conveyancer for doing the necessary legal work to buy or sell your home. Can add ?1,000+ to the purchase cost.

D is for...

Daily interest

Some lenders take your repayments each month, but only subtract them from your debt at the end of the year. It's far better to have daily interest, where each repayment reduces your loan as soon as it hits your account. Deeds release, exit, sealing or discharge fee A charge paid to your mortgage lender when you pay off your mortgage. Fifteen years ago, this would have been about ?50; nowadays, some lenders charge ?300+. Learn how to reclaim rip-off mortgage exit fees.

Deposit

This is what you need to save in order to own a stake in your home. Even a 5% deposit (a twentieth of the purchase price) will give you access to better mortgage interest rates. No-deposit (100%) mortgages are riskier and thus are more expensive.

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About Author

Both Adrian Adams & Peter Spyr are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Adrian Adams has sinced written about articles on various topics from Diabetes Treatment, Gift Ideas and Personal Desktop. Get and at http://www.gio. Adrian Adams's top article generates over 673000 views. to your Favourites.

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