What is the return policy?

Most unopened items in new condition and returned within 90 days will receive a refund or exchange. Some items have a modified return policy noted on the receipt or packing slip. Items that are opened or damaged or do not have a receipt may be denied a refund or exchange. Items purchased online or in-store may be returned to any store. Online purchases may be returned via a major parcel carrier. Click here to initiate a return.

How long does it take to process a refund?

We will reimburse you for returned items in the same way you paid for them. For example, any amounts deducted from a gift card will be credited back to a gift card. For returns by mail, once we receive your return, we will process it within 4–5 business days. It may take up to 7 days after we process the return to reflect in your account, depending on your financial institution's processing time.

What is the policy for late/non-delivery of items ordered online?

Our local teams work diligently to make sure that your order arrives on time, within our normaldelivery hours of 9AM to 8PM in the recipient's time zone. During busy holiday periods like Christmas, Valentine's and Mother's Day, we may extend our delivery hours before 9AM and after 8PM to ensure that all gifts are delivered on time. If for any reason your gift does not arrive on time, our dedicated Customer Service agents will do everything they can to help successfully resolve your issue. Click here to complete the form with your order-related question(s).

When will my credit card be charged?

We'll attempt to securely charge your credit card at the point of purchase online. If there's a problem, you'll be notified on the spot and prompted to use another card. Once we receive verification of sufficient funds, your payment will be completed and transferred securely to us. Your account will be charged in 24 to 48 hours.

Will I be charged sales tax for online orders?

Local and State sales tax will be collected if your recipient's mailing address is in: Arizona California Colorado

Mortgage

February 07, 2024

Unmasking PMI: Your Guide

Unmasking PMI: Your Guide to Mortgage Insurance

Buying a home is exciting, but the financial jargon can be daunting. One term that often confuses homeowners is PMI, or Private Mortgage Insurance. Fear not, future homeowner! This guide will demystify PMI and empower you to make informed decisions.

What is PMI?

Think of PMI as a safety net for your lender. If you put down less than 20% of your home's purchase price, your loan is considered "risky." PMI protects the lender in case you default on your mortgage.

How does it work?

You pay a monthly premium, typically around 0.5% of your loan amount, added to your regular mortgage payment. The good news? You don't have to pay PMI forever!

When does it go away?

Once you reach 20% equity in your home (meaning you've paid down 20% of the original loan amount), most lenders automatically cancel PMI. This usually happens around the 78% loan-to-value ratio mark, translating to roughly a $37-$50 monthly savings!

Exceptions to the rule:

For "high-risk" loans, like those with limited income documentation or spotty credit history, lenders might require PMI until you reach 50% equity. Always clarify the terms with your lender upfront.

Avoiding PMI:

The ideal scenario? Skip PMI altogether by putting down 20% or more. Other options include:

Higher interest rate: Some lenders offer lower PMI premiums with slightly higher interest rates. Weigh the long-term cost difference carefully.
Piggyback loan: Combine a conventional 80% loan with a smaller second mortgage to cover the remaining 10%-20%. This can be complex, so consult a financial expert.

Remember:

PMI is not optional: If you don't put down 20%, you'll likely need PMI.
Shop around: Compare rates and terms from different lenders.
Plan ahead: Saving for a larger down payment can save you money in the long run.

By understanding PMI and exploring your options, you can make informed choices and navigate the path to homeownership with confidence!

Bonus tip: Consult a mortgage broker for personalized guidance and tailored recommendations. They can help you understand your specific situation and find the best loan option for your needs.

Mortgage