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January 2022

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WHAT ARE CABIN BEDS?

Cabin beds are beds that fold into the wall to produce additional storage space. These beds are ideal for kids because they can be used not only as a bed but also as an entertainment center. The cabin beds are great for kids because they give them more living space and at the same time keep their bedroom clutter-free.

WHY DO PEOPLE HAVE CABIN BEDS?

Cabin beds are comfortable beds with a cabin-like appearance. They also have a railing that keeps your child safe from rolling out of the bed. These beds are most commonly used for children between the ages of one and six years old, but they can be used for all ages. Some people buy cabin beds because they believe it leads to a safer sleep environment for their children. There is some thought that these beds allow children to enjoy a better night’s sleep because they feel more secure.

WHAT ARE THE SAFETY CONCERNS?

Cabin beds can be a concern for safety. One of the main concerns is the height from the floor to the bed. There are different models, so you should look at the measurements to see how high it is from the ground to the mattress.

There needs to be enough room for your child to enter and exit without having their head hit anything. If they have trouble climbing up on their own, then this could be a problem. Other safety issues include if there is a railing on both sides of the bed or just one side, as well as other safety precautions that need to be implemented like installing nightlights or covers that prevent your child from rolling off of the bed during sleep.

Another consideration is that cabin beds are not recommended for children under six years old because they can’t fit in them properly and will most likely slide off at some point during sleep. If you do decide to purchase these beds for younger children, make sure you take all precautions necessary including regular checks on your child’s position while sleeping!

HOW TO MAKE THEM SAFE FOR YOUR KIDS

One of the biggest concerns people have about cabin beds is the safety. The good news is that there are ways to make these beds safe for your child. First, it’s important to know that cabin beds are not recommended for children under the age of two. This is because they may be at an increased risk of falling out or falling off if they roll over during their sleep.

You should also make sure your child’s bedding doesn’t hang too low on either side while they sleep. The lower bedding can create a risk for your child falling out or sliding off the bed while they sleep. You should also make sure you secure these beds to wall studs or wall brackets so that they are heavy enough not to tip it over when your child gets into it or climbs out of it.

Cabin beds are a popular choice for families with many children. For many parents, they offer a practical solution to the problem of limited space. But cabin beds also come with a number of safety concerns.

It is a myth that it is safe for babies to sleep in a cabin bed, and there are a number of recent reports of incidents where babies have fallen from cabin beds and died. But this doesn’t mean that cabin beds are unsafe for all children. They just need to be used correctly, and there are some things you can do to make them safer. You can review this article which also sites cabin bed safety concerns and tips.

Before deciding to release equity from your home, it is important for you to determine whether or not it is the best financial move for you. Home Equity Release through a reverse mortgage or home equity line of credit can be a good move in certain circumstances and is not the right decision for everyone. In this article we’ll discuss releasing equity from your home pros and cons

Pros of Releasing Equity From Your Home

There are several pros to releasing equity from your home. Here are some of the advantages.

  • Lower Monthly Payments and Less Stress on Fixed Income

As we get older, we often rely more and more on fixed income. This is money that we can generally count on each month. In many cases this fixed income does not increase with inflation or cost of living. One advantage of a reverse mortgage is that it allows you to access home equity without having to make monthly payments. This can provide senior citizens with the opportunity to lower their monthly expenses, reduce stress and plan ahead for future financial situations that may arise.

  • Increase Liquidity of Assets for Inheritance or Other Financial Goals

Found money allows you to use some of your home’s equity now to access cash or treat yourself. It is not necessary for this found money to be spent on maintenance or bills, it can be used as a way to increase liquidity of your assets in order to purchase things like cars, vacations, boats, etc., or work towards other financial goals.

  • Unlock Value of Retired Life

Another reason to consider using a reverse mortgage is that it allows you to unlock the value of your retired life for things like specialized care, medical emergencies and other unexpected expenses. Instead of having to sell off assets, use the equity in your home as funding without losing ownership.

Cons of Releasing Equity From Your Home

There are also disadvantages to unlocking equity from your home. Here are some cons of releasing equity from your home.

  • Interest Rate on Reverse Mortgage is High

Reverse mortgages can have higher interest rates than other types of loans. The reason for this is that they are considered high risk, non-recourse loans which mean that if you die or sell your home before the loan has been paid off, then it becomes the responsibility of the lender to pay back their money.

  • Home Value May Not Remain High

As we age, our health may decline and this can affect our ability to maintain our homes. If you live in an urban area where land value has appreciated significantly over time than now might not be the right time to release equity from your home due to the chance that it will decrease in value faster then what you expected. By using a reverse mortgage or home equity line of credit, then the government will insure that you get a fair rate and your home gets appraised at its current value.

  • Interest on Reverse Mortgage is Added to Principal Balance

Because reverse mortgages are non-recourse loans, any interest accrued during the life of your loan is added to your principal balance. This means that if for whatever reason you were unable to make monthly payments or ended up having to sell your home (or died), then the lender would add all of this interest onto what you owe them. While most lenders do not require monthly repayment in order to maintain ownership of the home until it is sold, but it can affect how much equity can be released from your home in total.

Conclusion

Although it is beneficial in some circumstances to use the equity released from your home, you should always weigh all of your options before making a final decision. It’s best to consult with a financial advisor, especially if you’re close to or in retirement. Read more about equity release here.