May 2024 - Hanover Mortgages

Apache is functioning normally

May 17, 2024 by Brett Tams

Applying for a credit card as an international student in the United States can be challenging — but it’s not impossible. And if you plan to stay in the U.S. after you graduate, having an established credit history through an international student credit card can be instrumental as you start the next phase of your life, from getting a job to buying a car or a house.

Wondering how to get a credit card as an international student? Our guide will walk you through the typical requirements, and the steps for an international student to apply for a credit card.

Recommended: What is a Charge Card

Benefits of Having a Credit Card as an International Student

Getting a credit card as an international student can have a number of benefits:

• Spending with ease: When you’re attending college in the U.S., you’ll have to pay more than tuition. Having a U.S. credit card can make it easier to pay for monthly expenses like groceries and entertainment. Even if you have a credit card issued in your home country, getting a card from a U.S.-based credit card issuer can be a good idea; cards from other countries might charge foreign transaction fees here in the States.

• Establishing credit in the U.S.: International students in the United States likely do not yet have a U.S. credit score. Having a credit history is important for things like applying for a job, getting approved to rent a home, and buying a car. If you plan to remain in the United States after graduation, establishing credit history as a student with a credit card can be a good idea.

• Learning how to manage credit: Whether you plan to remain in the United States after graduation or return home, learning how to use a credit card responsibly can be an important lesson. As a student with fewer bills, now might be a good time to learn how credit cards work and get used to the monthly payments and interest rates.

Recommended: Can International Students Get Student Loans in the U.S.?

Disadvantages of Having a Credit Card as an International Student

Applying for an international student credit card can also have its drawbacks:

• Difficult requirements: Getting a credit card as an international student is usually more challenging than it is for U.S. citizens. Students who are already overwhelmed by a new place with a new culture — plus their challenging curriculum — may not have the time or energy to apply for a credit card.

• No effect on credit score back home: Getting a credit card from a U.S. credit card issuer is a good step toward establishing a credit history in the United States. Students who plan to return to their home countries after college, however, will not see a benefit to their credit scores back home by using a U.S.-issued card.

Typical Credit Card Requirements for International Students

So can an international student get a credit card? Yes — but they may have a harder time than the average U.S. student.

Typically, you will need a Social Security number (SSN) to apply for a credit card. Some issuers may accept an Individual Taxpayer Identification number (ITIN), which can be easier for international students to obtain. While most credit cards will require a SSN or ITIN, you might be able to find a credit card issuer that only requires a passport.

Applying for a Social Security Number

Even if you are not a U.S. citizen, you may be able to apply for a Social Security number. For example, if you have an F-1 student visa (or another type of student visa), you might be eligible to apply, though you may need to have a part-time job and receive the proper authorization first.

Review the Social Security Administration’s guidelines , and don’t be afraid to ask a member of your school’s international student office for assistance. The advisors there are likely well-versed in common international student challenges, including applying for a Social Security number.

If you are having trouble getting a Social Security number, try instead to get an ITIN through the IRS. The IRS offers guidelines for obtaining an ITIN as a foreign student, but again, your international student office can likely walk through the process with you.

Applying for Credit Cards

Once you’ve gotten a Social Security number (or an ITIN), you may be wondering, how can an international student get a credit card? Start by looking for relevant credit card offers. Many credit card issuers offer cards specifically targeted at students.

Note that you will need to provide a permanent address for your application. You can use your U.S.-based school address for this field.

Recommended: Does Applying For a Credit Card Hurt Your Credit Score

Tips for Avoiding Credit Card Rejections as an International Student

Because nobody likes rejection — and because multiple hard inquiries for credit card applications might eventually take a toll on your credit score — it’s important to avoid credit card rejections. Here are some tips for improving your chances of approval:

• Open a bank account. Having a checking or savings account can improve your success rate. It also simplifies money management while you’re here in the States.

• Get a part-time job. Having a job might be a requirement to get your Social Security number. Having a steady income is a sign to creditors that you are reliable enough to lend money to. Just check with your advisor to ensure you are allowed to seek employment as an international student.

• Consider a secured credit card. Secured credit cards require a security deposit, often equal to the credit limit for the card in question. Because these cards are backed by collateral, they pose less risk to the credit card issuer and thus make it easier for those with bad or no credit to get approved. After you use your secured credit card responsibly for several months, you might have a strong enough credit score to apply for an unsecured card. Just make sure the card issuer reports usage of the secured card to the credit bureaus to ensure an impact to your score.

Recommended: When Are Credit Card Payments Due

Using a Credit Card Responsibly

Responsible credit card usage is a good way to improve your credit score. When you get your international student credit card, be sure to follow our general credit card rules to improve your chances of raising your credit score.

In general, responsible credit card usage entails:

• Avoiding impulse purchases.

• Signing up for automatic payments.

• Regularly checking your statements.

Paying your card off in full each month and maintaining a low credit utilization — meaning the amount of credit you’re currently using compared to the total credit you have available — are good ways to build a solid credit history. Following these guidelines can also help you to avoid some of the costs of credit cards, such as late payment fees and interest charges.

Recommended: Tips for Using a Credit Card Responsibly

The Takeaway

International students can apply for a credit card while studying here in the United States. Doing so can allow you to establish a credit history in the U.S. and spend money more easily during your time here. Applying for an international student credit card is more complicated, however, and typically requires a Social Security number or Individual Taxpayer Identification number.

Are you looking for the right credit card during your time in the U.S.? You might consider getting a credit card through SoFi.

The SoFi Credit Card offers unlimited 2% cash back on all eligible purchases. There are no spending categories or reward caps to worry about.¹

Take advantage of this offer by applying for a SoFi credit card today.

FAQ

What is a good credit card interest rate for international students?

Interest rates will vary by credit card, but some of the best international student credit cards offer APRs between 13% and 29%.

Do I need a Social Security number to open a credit card?

Having a Social Security number is a common requirement for opening a credit card, but many issuers will accept an Individual Taxpayer Identification number instead. Some credit card issuers may even accept only a passport for the credit card application.

Do international students have to use a secured credit card?

International students may have an easier time getting approved for a secured credit card, but it is not the only option. If a student has an established credit history in the United States, they might be able to get approved for a specific unsecured credit card designed for students. Some cards might even offer basic rewards.

¹See Rewards Details at SoFi.com/card/rewards.

External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

The SoFi Credit Card is issued by SoFi Bank, N.A. pursuant to license by Mastercard® International Incorporated and can be used everywhere Mastercard is accepted. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

¹Members earn 2 rewards points for every dollar spent on purchases. No rewards points will be earned with respect to reversed transactions, returned purchases, or other similar transactions. When you elect to redeem rewards points into your SoFi Checking or Savings account, SoFi Money® account, SoFi Active Invest account, SoFi Credit Card account, or SoFi Personal, Private Student, or Student Loan Refinance, your rewards points will redeem at a rate of 1 cent per every point. For more details please visit the Rewards page. Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA/SIPC. SoFi Securities LLC is an affiliate of SoFi Bank, N.A.

Photo credit: iStock/FatCamera
SOCC0522008

Source: sofi.com

Apache is functioning normally

May 17, 2024 by Brett Tams

Average mortgage interest rates were slightly lower this week as inflation data met market expectations, but hopes for a rate cut from the Federal Reserve remained dim. Mortgage rates may end up treading water until economic trends are decisive enough for Fed action to be inevitable.

The average rate on the 30-year fixed-rate mortgage fell to 6.98% in the week ending May 16, according to rates provided to NerdWallet by Zillow. It was a decrease of five basis points from the previous week. (A basis point is one one-hundredth of a percentage point.)

Explore mortgages today and get started on your homeownership goals

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Won’t affect your credit score

Inflation may be moderating

On May 15, the Bureau of Labor Statistics released the latest consumer price index, which is a key measure of the rate of inflation. The CPI creates a virtual “market basket” of consumer goods and services, covering categories like gas, apparel and dining out. By measuring how these prices change over time, the CPI serves as a useful gauge of the rate of inflation.

The most recent CPI, which covered April, showed a 3.4% year-over-year increase in prices. That doesn’t sound great, but it’s a decrease from March, when it was 3.5%.

This step in the right direction still leaves the rate of inflation well over the Federal Reserve’s stated goal of 2%. Inflation likely needs to slow more decisively before the Fed will consider cutting interest rates. Keeping rates higher — thus making it harder to borrow money — is one way the Federal Reserve tries to hobble inflation.

But the Fed exercises caution

This spring, it’s almost felt as though you could watch the chances of a Fed rate cut wane in real time. In early March, Federal Reserve Chair Jerome Powell told Congress, “If the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this year.” The next day, Powell went so far as to say that the Fed was “not far” from being able “to begin to dial back the level of restriction.”

But by the beginning of April, Powell was walking it back. “We do not expect that it will be appropriate to lower our policy rate until we have greater confidence that inflation is moving sustainably down toward 2%,” he said at the Stanford University business school. A few weeks later at a forum in Washington, he clarified that, “If higher inflation does persist, we can maintain the current level of restriction for as long as needed.”

Now it’s May, and we’ve gone from “not far” to “as long as needed” to something like well, at least we aren’t planning to raise rates.

This week, Powell told a panel of bankers in Amsterdam, “I don’t think that it’s likely, based on the data that we have, that the next move that we make would be a rate hike.” Though it’s essentially the same message as April — we’re going to hold interest rates steady — the very mention of higher rates is not what home buyers want to hear.

Explore mortgages today and get started on your homeownership goals

Get personalized rates. Your lender matches are just a few questions away.

What’s your property type?

How do you plan to use this property?

Won’t affect your credit score

Source: nerdwallet.com

Apache is functioning normally

May 17, 2024 by Brett Tams

“We are pleased to announce strong first quarter sequential funded loan volume and revenue growth, which we believe sets the stage for the continued growth we expect through the rest of 2024,” Better CEO Vishal Garg said in a Press release. Better’s funded loan volume for the quarter was $661 million, up 25% from Q4 … [Read more…]

Apache is functioning normally

May 17, 2024 by Brett Tams

Today’s average refinance rates

Today’s average mortgage rates on May. 17, 2024, compared with one week ago. We use rate data collected by Bankrate as reported by lenders across the US.

Mortgage refinance rates change every day. Experts recommend shopping around to make sure you’re getting the lowest rate. By entering your information below, you can get a custom quote from one of CNET’s partner lenders.

About these rates: Like CNET, Bankrate is owned by Red Ventures. This tool features partner rates from lenders that you can use when comparing multiple mortgage rates.

Today’s refinance rate trends

A vast majority of US homeowners already have mortgages with a rate below 6%. Because mortgage refinance rates have been averaging above 6.5% over the past several months, households are choosing to hold on to their existing mortgages instead of swapping them out with a new home loan.

If rates fell to 6%, at least a third of borrowers who took out mortgages in 2023 could reduce their rate by a full percentage point through a refinance, according to BlackKnight.

Refinancing in today’s market could make sense if you have a rate above 8%, said Logan Mohtashami, lead analyst at HousingWire. “However, with all refinancing options, it’s a personal financial choice because of the cost that goes with the loan process,” he said.

What to expect from refinance rates this year

Mortgage rates have been sky-high over the last two years, largely as a result of the Federal Reserve’s aggressive attempt to tame inflation by spiking interest rates. Experts say that decelerating inflation and the Fed’s projected interest rate cuts should help stabilize mortgage interest rates by the end of 2024. But the timing of Fed cuts will depend on incoming economic data and the response of the market.

For homeowners looking to refinance, remember that you can’t time the economy: Interest rates fluctuate on an hourly, daily and weekly basis, and are influenced by an array of factors. Your best move is to keep an eye on day-to-day rate changes and have a game plan on how to capitalize on a big enough percentage drop, said Matt Graham of Mortgage News Daily.

Refinancing 101

When you refinance your mortgage, you take out another home loan that pays off your initial mortgage. With a traditional refinance, your new home loan will have a different term and/or interest rate. With a cash-out refinance, you’ll tap into your equity with a new loan that’s bigger than your existing mortgage balance, allowing you to pocket the difference in cash.

Refinancing can be a great financial move if you score a low rate or can pay off your home loan in less time, but consider whether it’s the right choice for you. Reducing your interest rate by 1% or more is an incentive to refinance, allowing you to cut your monthly payment significantly.

How to select the right refinance type and term

The rates advertised online often require specific conditions for eligibility. Your personal interest rate will be influenced by market conditions as well as your specific credit history, financial profile and application. Having a high credit score, a low credit utilization ratio and a history of consistent and on-time payments will generally help you get the best interest rates.

30-year fixed-rate refinance

The average 30-year fixed refinance rate right now is 7.20%, a decrease of 0 basis point from what we saw one week ago. (A basis point is equivalent to 0.01%.) A 30-year fixed refinance will typically have lower monthly payments than a 15-year or 10-year refinance, but it will take you longer to pay off and typically cost you more in interest over the long term.

15-year fixed-rate refinance

For 15-year fixed refinances, the average rate is currently at 6.70%, an increase of 12 basis points over last week. Though a 15-year fixed refinance will most likely raise your monthly payment compared to a 30-year loan, you’ll save more money over time because you’re paying off your loan quicker. Also, 15-year refinance rates are typically lower than 30-year refinance rates, which will help you save more in the long run.

10-year fixed-rate refinance

The current average interest rate for a 10-year refinance is 6.69%, an increase of 28 basis points compared to one week ago. A 10-year refinance typically has the lowest interest rate but the highest monthly payment of all refinance terms. A 10-year refinance can help you pay off your house much quicker and save on interest, but make sure you can afford the steeper monthly payment.

To get the best refinance rates, make your application as strong as possible by getting your finances in order, using credit responsibly and monitoring your credit regularly. And don’t forget to speak with multiple lenders and shop around.

When to consider a mortgage refinance

Homeowners usually refinance to save money, but there are other reasons to do so. Here are the most common reasons homeowners refinance:

To get a lower interest rate: If you can secure a rate that’s at least 1% lower than the one on your current mortgage, it could make sense to refinance.
To switch the type of mortgage: If you have an adjustable-rate mortgage and want greater security, you could refinance to a fixed-rate mortgage.
To eliminate mortgage insurance: If you have an FHA loan that requires mortgage insurance, you can refinance to a conventional loan once you have 20% equity.
To change the length of a loan term: Refinancing to a longer loan term could lower your monthly payment. Refinancing to a shorter term will save you interest in the long run.
To tap into your equity through a cash-out refinance: If you replace your mortgage with a larger loan, you can receive the difference in cash to cover a large expense.
To take someone off the mortgage: In case of divorce, you can apply for a new home loan in just your name and use the funds to pay off your existing mortgage.

Source: cnet.com

Apache is functioning normally

May 17, 2024 by Brett Tams

Ben Villarreal

Market is always a blast, packed with days of appointments, fresh new fabrics and furniture frames and seemingly limitless inspiration. We go to pick up new products from vendors we know and love, source new merchandise, and scout out vendors we didn’t know we needed!

And while we’re doing all of these things, it’s impossible not to spot the trends as we walk through showroom after showroom. Some of them we embrace, others we enjoy from afar, and all of them we enjoy coming and going as the Markets and years go by.

I’m talking here about trends and the things we loved seeing the most at Spring 2024 Market in High Point, North Carolina.

Let’s kick things off with pastels! A throwback to the 1980s perhaps (and the ‘40s/’50s before that, and the ‘20s before that!)? A colorful yet soft palette, we saw sweet pinks, tender greens, serene blues, and gentle yellows all over market.

Within the pastels family, lavender was a standout color at Market. We spotted purples and plums frequently, but lovely lavender stole the show. Lavender started making an appearance last market and has been all over the world of fashion, but this spring it really was ubiquitous.

But if pastels are not your thing, fear not: Despite the popularity of pastels, moody palettes continued to make their bold statements, with blacks and plums reigning supreme.

Aesthetics

Cottagecore, a personal favorite of mine, was making its soft statement all over Market. This shabby chic reincarnation, which is zero percent shabby and 100% sweetly chic, creates soft, cozy spaces often incorporating florals, checks and ticking strips along with wood detailing, woven elements like wicker, and ruffles galore. It made us feel like spending the weekend in the English countryside. The look is a welcome contrast to clean lined, low patterned contemporary spaces and prioritizes warmth and comfort over all.

Mountain Modern plays up the neutral palettes mentioned before, bringing in cool leathers, plush furs, stained woods in varied hues, and accented with black elements. Whether you’re up for a run down the mountain or just here for the apre ski, this vibe will have you feeling like you’re perched in a mountaintop chalet.

In the world of design, it’s all about the layers. Whatever your aesthetic, it’s the layers of elements that pull a space together and give it the overall feeling you want to achieve. Perhaps it’s the resurgence of cottage charm, the return of pattern on pattern in general, or just our collective love of textiles, but ruffles, pleats and fringe were seen everywhere and we couldn’t get enough of them!

Whether it’s a pleated ottoman skirt, ruffles around a bench, bed skirts (I think it’s safe to say these have made their comeback) or a canopy bed draped in layers upon layers of gorgeous fabrics, these elements soften the spaces they fill and offer opportunities to add pattern, color and oh-so-lovely layers for which we are always looking.

In the same vein, while scallops are nothing new, we spotted them being used in fun new ways, including bed frames and furniture aprons and skirting. When a space begins to feel like it’s being overrun with straight lines, a sweet scallop addition is a great way to soften things up. Commit to the curvy lines of a scalloped furniture piece, or tuck in a scalloped tray on a tabletop or ottoman for just a dash of the look.

While we’re on the subject of making old new again, canopy beds are perhaps one of the things I loved seeing most at Market, and not only because they give us just that many more surfaces onto which we can apply color and pattern and use more textiles in general. This historic concept used to serve a purpose beyond their aesthetic contributions – they kept their occupants warm and cozy in a time when central heating didn’t exist, and offered a shred of privacy when privacy could be hard to come by. Today, this style and its many variations are getting plenty of attention and I just can’t get enough.

Mural wallpapers are still going strong and encompass a variety of aesthetics. From bold colors and graphic patterns to idyllic English countryside scenes to classic chinoiserie, they all make their own kind of statement and add large-scale personality to spaces.

While we often build a room from the ground up (if we begin designing around a rug), I’ll have to end this with what we spotted on the floor: hair-on-hide rugs and traditional rugs, both in all types of spaces. Hide rugs, layered or on their own, were featured in a number of spaces, and not just those with a rustic flair. Traditional rugs were also highlighted in settings that ranged from traditional to modern, serving as fantastic foundations to all.

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Source: journalnow.com

Apache is functioning normally

May 17, 2024 by Brett Tams

Did you know that there are many ways to get an instant sign up bonus? Making extra money has become simpler because of many apps and websites that give you instant bonuses just for signing up. These sites and apps give a nice extra money boost when you create an account, and they have different…

Did you know that there are many ways to get an instant sign up bonus?

Making extra money has become simpler because of many apps and websites that give you instant bonuses just for signing up. These sites and apps give a nice extra money boost when you create an account, and they have different rewards like cash, points for gift cards, or discounts.

Whether you’re doing surveys, shopping online, or investing, the bonus you get when you sign up can be a good reason to try out a new service.

I have earned many, many instant sign-up bonuses over the years, so I know this is a real way to make extra money.

Best Ways To Get an Instant Sign up Bonus

Below, you will see the different ways you can get instant sign-up bonuses from the best sign-up bonus apps.

Here are my quick picks to get started with:

1. Swagbucks

Swagbucks is one of the top sites to start with if you want to earn free gift cards to your favorite places, such as Target, Amazon, Walmart, Visa, and more. They also have an instant sign-up bonus of $10.

Swagbucks is a website where you can earn points (they call them “SB”) by doing tasks like searching around on the internet, watching quick videos, using their cash back shopping deals, and answering surveys.

I’ve been using Swagbucks for years, and in that time, I’ve personally earned over 110 free gift cards. It’s easy to earn points, and the website is very easy to use as well.

Here’s how the Swagbucks instant sign-up bonus works: To get the bonus, you need to activate it in the SwagUps section of your account. You’ll receive a 1000 SB bonus, equivalent to $10, when you spend at least $25 at a store listed on Swagbucks.com/Shop. You must earn a minimum of 25 SB from this purchase, and it must be completed within 30 days of registering your account.

Please click here to sign up for and use Swagbucks (and receive a $10 bonus).

2. Fetch Rewards

Fetch Rewards is a phone app (which I use regularly!) where you earn points by scanning receipts from grocery stores. You can use these points to get gift cards for Target, Amazon, Starbucks, and other places.

Plus, you’ll get a 1,000 point sign-up bonus for using the code “HD4YXY” when signing up.

I personally use Fetch Rewards every time I go grocery shopping (I use it at least a couple of times a week), as it’s one of the easiest tools to use to earn points. I just shop like I normally do, and once I get home (or once I get back to my car), I open the Fetch Rewards app on my phone and take a picture of my receipt.

After you scan a receipt using Fetch Rewards, the app quickly adds points to my account. It doesn’t matter what I buy at the grocery store – I can still earn points.

You can sign up for Fetch Rewards by clicking here.

3. Marcus (high yield savings account)

A high-yield bank account is a special type of savings account that earns a higher interest rate compared to a regular savings account. This means your money grows faster over time.

If you are looking for a new place to save your money other than the low amount that your bank is giving you, then this is an option to look into. Now, you don’t typically get a debit card with this kind of account (this is not a checking account), but you do get a much higher interest rate.

For example, if you have $10,000 saved, you could earn $540 with a high-yield savings account in a year. Whereas with normal banks, your earnings would only be $46. That is a huge difference.

I personally use Marcus by Goldman Sachs as they have a very high rate. You can get up to 5.40% (at the time of this writing) through my referral link bonus. Plus, there are no monthly fees.

With Marcus, you can earn an extra 1.00% on top of the high-yield rate on Marcus’ Online Savings Account by signing up today. I actually signed up for Marcus last year and received this sign-up bonus myself, so I know that it is real. An extra 1.00% as an instant sign-up bonus is a no-brainer!

You can join Marcus by Goldman Sachs and get the new account bonus by clicking here.

4. InboxDollars

InboxDollars is a rewards website where you earn points by answering online surveys, watching short video clips, playing online games, and doing other activities.

The points that you earn can be redeemed for gift cards to places such as Amazon, Walmart, Apple, Target, Starbucks, Lowe’s, and more.

You can join InboxDollars and get a free $5 sign-up bonus.

5. Survey Junkie

Survey Junkie is a popular platform where you can earn extra money for sharing your thoughts in online surveys.

By answering three surveys daily on Survey Junkie, you can earn about $40 per month in free gift cards and PayPal cash.

The sign-up bonus on Survey Junkie often changes. Here’s one I recently saw: You’ve been selected for a $5 bonus starting tomorrow called the “May Day Bonus.” To earn this bonus, you need to complete 3 surveys per day for a total of 7 days between May 1 and May 13. Each survey must be worth 20 points or more. On average, members earn $25 in rewards during bonus events like this.

Please click here to sign up for Survey Junkie.

6. Branded Surveys

Branded Surveys is a survey platform where you earn points by answering questions. You can use these points to get free gift cards or PayPal money.

The surveys on Branded Surveys usually take 5 to 15 minutes to finish and pay between $0.50 and $5.00 each.

They currently have a 100 point welcome bonus for signing up.

You can sign up for Branded Surveys here.

7. Upside

Upside is a cash back rewards app for fuel (gas, diesel, etc.) purchases at a gas station.

When you use the app to locate and buy gas at participating stations, you can earn cash back that can be redeemed for gift cards.

Plus, when you use the app for the first time, you can earn a higher cash back amount to help you get acquainted with it. In my first use of the app, I received $0.74 back per gallon. I purchased 12.62 gallons of gas and saved $9.33 just by using the app for the first time. This was a large cash bonus, and it won’t always be this high, but it was definitely still nice to get.

This welcome bonus was really nice and easy to use!

You can sign up for Upside here.

8. Ibotta

Ibotta is an app that gives you cash back for shopping, especially at grocery stores. After you shop, simply upload your receipts to earn cash back. You can use this cash back for free gift cards to places like Walmart, CVS, Amazon, DoorDash, and Target, or you can transfer it to your bank account or PayPal.

Here’s how Ibotta works:

Download the Ibotta app – Get the app on your phone.
Check available offers – Before you shop, look for offers on specific items like crackers or fruit.
Shop and scan – After shopping, scan your receipt in the app to earn points.

Plus, you can use the code “XWRAFGT” to get $5 after you submit your first receipt to Ibotta as a bonus for being a new member.

You can join Ibotta here.

9. Rakuten

Rakuten has an easy way to earn cash back on purchases from over 3,500 stores. When you buy something, a percentage of your purchase comes back to you as cash. Your earnings can be sent to you by check or PayPal.

With Rakuten, you can earn up to an additional 10% cash back on purchases made within your first 7 days of using the service.

When I first signed up for Rakuten, it was due to me receiving a welcome bonus. And, I know many others who have received this new member bonus too.

You can join Rakuten by clicking here.

10. Prime Opinion

Prime Opinion is a survey website where you can earn money by sharing your opinions from home. It’s a legitimate platform with many surveys available to complete – currently, there are over 40 different surveys listed in my personal dashboard when I log in.

Your points can be used toward free gift cards and PayPal cash.

Currently, you can sign up and get up to a $5 free bonus with Prime Opinion.

Click here to join Prime Opinion.

11. MoneyLion

MoneyLion is a finance app that has many features, such as the ability to get quick cash of up to $500, a tool that will help you to build your credit, another that will help you invest, and more.

MoneyLion also has a $5 instant sign-up bonus after you open an account.

12. MyPoints

MyPoints is an app that allows you to earn rewards by scanning receipts, answering surveys, watching videos, and shopping online. You can earn points by scanning your receipts and then redeem them for gift cards or cash.

To get started with MyPoints, visit their website and go to the “Magic Receipts” section. From there, you can snap a picture of any receipt from stores like grocery stores, warehouse clubs, drugstores, clothing stores, restaurants, and more.

When you sign up for MyPoints, you can receive a $10 welcome bonus. Here’s how it works: Spend $20 or more (excluding taxes and shipping) on any shop merchant through the MyPoints site or MyPoints emails within your first 30 days of membership. They’ll credit your account with 1,750 Points, which you can redeem for a $10 gift card of your choice.

Please click here to sign up for MyPoints.

13. InboxDollars

InboxDollars is a rewards platform that has many ways for you to earn points, such as taking surveys (earn between $0.50 and $5.00 for each one), reading emails, playing online games, and watching videos.

With InboxDollars, you can receive free gift cards to places like Target, Amazon, PayPal, iTunes, Apple, and many others.

Plus, you can get a $5 sign-up bonus when joining.

By signing up for InboxDollars, you can receive a free $5 too.

14. Cash App

Cash App is a mobile payment service that allows you to send money to friends and family. When you sign up for Cash App, you might receive an instant sign-up bonus too.

You’ll have to find a referral code from a friend who already uses Cash App. Then, sign up using this code and send $5 to another Cash App user. By doing this, you’ll receive a $5 bonus. It’s like getting free money just for trying out the app that you probably are already looking to use.

15. BeFrugal

BeFrugal is a cash back site that lets you earn money just by doing your regular shopping.

You can get up to 40% cash back at over 5,000 different stores. And, your cash payout is via check, PayPal, direct deposit, Zelle, Venmo, or gift card.

Plus, you can join for free and get a $10 bonus as a welcome.

You can sign up for BeFrugal here.

16. Fundrise

Investing in real estate can seem challenging, but with Fundrise, you can start a little more easily. When you join Fundrise, you can invest in properties across the USA without the hassle of being a landlord.

Plus, you can begin with a small amount of money.

When you sign up with Fundrise, you sometimes get a bonus.

You can sign up for Fundrise here.

17. Robinhood

Robinhood is a website where people can buy and sell stocks, ETFs, options, and more (like crypto) without having to pay high fees. This app was made to help more people start investing easily and have an investment portfolio, especially those who are new to it.

Robinhood gives new users different sign-up bonuses to get them started with trading in the stock market.

The bonus varies depending on when you sign up. But, some examples include:

$25 when you deposit $1,000+
$250 when you deposit $10,000+
$1,000 when you deposit $50,000+

Or, sometimes you can earn a bonus by moving your brokerage account from another company to Robinhood. Whether you transfer $10,000 or $1 million, they’ll give you a bonus equal to 1% of the amount you transfer, and there’s no limit on how much you can earn (Robinhood states this disclosure, “To keep the bonus, you must keep the money you transfer into Robinhood in your Robinhood individual brokerage account for at least 2 years.”).

18. Acorns

Acorns is a micro-investment app, meaning you can buy small pieces of stocks instead of full shares, which makes investing easier.

With Acorns, you can connect your debit and credit cards. It rounds up your transactions to the nearest dollar and invests the spare change.

Acorns typically gives a $5 welcome bonus to new users.

You can click here to sign up for Acorns.

Frequently Asked Questions

Below are answers to common questions about the best sites and apps for an instant sign-up bonus.

Do any apps actually give you money?

Yes, some apps do give you real money just for signing up. These apps range from survey platforms to financial services, and they use sign-up bonuses to get more people to sign up and try out their service or product.

What app gives you money instantly for signing up?

Apps that give you money instantly for signing up include Fetch Rewards, Swagbucks, Rakuten, Upside, Cash App, and more. Many apps pay you money to sign up because it makes their app look more appealing.

Which app gives the highest sign up bonus?

While sign-up bonuses change all the time, financial apps tend to have higher sign-up bonuses for new users.

Why do sites give a sign up bonus?

Sites give a sign-up bonus to encourage new users to join their site or app. It’s a marketing strategy that benefits both the company and you – they gain a new customer, and you get extra cash or rewards.

Do banks have sign up bonuses?

Yes, banks like Wells Fargo and Chase sometimes have sign-up bonuses for new members who have a qualifying direct deposit.

How To Get an Instant Sign up Bonus

I hope you enjoyed this article on the best ways to get an instant sign-up bonus.

Certain apps like Swagbucks and Cash App give you instant cash bonuses, while others like Fetch Rewards or BeFrugal reward you with points or cash back when you use their platforms for shopping. Investment apps like Fundrise or Acorns also have sign-up rewards, such as a free stock or investment credit.

Here’s a quick list of my favorite ways to get an instant sign-up bonus:

I have earned many instant sign-up bonuses over the years from many different apps and sites, so I know that this is real. While the sign-up bonuses won’t make you rich, they can be enticing and get you to try something new.

What is your favorite way to get an instant sign up bonus?

Recommended reading:

Source: makingsenseofcents.com

Apache is functioning normally

May 17, 2024 by Brett Tams

Welcome to the sun-kissed paradise of Palm Springs, CA, where the desert landscape meets luxurious relaxation. With its iconic mid-century modern architecture, world-class golf courses, and stunning mountain views, Palm Springs offers a unique blend of natural beauty and modern elegance. Whether you’re drawn to the vibrant arts scene, the renowned spas and resorts, or the outdoor adventures in the nearby Joshua Tree National Park, this city has something for everyone. So whether you’re searching for the perfect apartment in Palm Springs or eyeing a larger house for rent in the surrounding neighborhoods, you’ve come to the right place.

In this Apartment Guide article, we’ll cut to the chase, breaking down the pros and cons of moving to Palm Springs, CA. Let’s get started and see what awaits in this desert oasis.

Pros of living in Palm Springs, CA

1. Beautiful weather all year round

Palm Springs boasts a warm and sunny climate throughout the year, making it an ideal destination for those who enjoy outdoor activities and a relaxed lifestyle. With an average of 350 days of sunshine annually, residents can take advantage of the city’s beautiful weather by engaging in activities such as golfing, hiking, and lounging by the pool. The dry desert climate also contributes to the city’s reputation as a wellness destination, attracting visitors and residents alike seeking the benefits of the warm, dry air.

2. Vibrant arts and culture scene

Palm Springs is home to a thriving arts and culture scene, with numerous art galleries, museums, and cultural events that showcase the city’s creative spirit. The Palm Springs Art Museum features a diverse collection of contemporary and classic art, while the city’s annual Modernism Week celebrates its mid-century modern architecture and design. Residents can also enjoy live performances at the Palm Springs International Film Festival and the Coachella Valley Music and Arts Festival, adding to the city’s vibrant cultural landscape.

3. Outdoor recreational opportunities

With its stunning natural surroundings, Palm Springs offers a wide range of outdoor recreational opportunities for residents to enjoy. From hiking in the nearby San Jacinto Mountains to exploring the Indian Canyons and the Joshua Tree National Park, outdoor enthusiasts will find plenty of options to stay active and connect with nature. The city’s proximity to the Coachella Valley also provides access to world-class golf courses, tennis facilities, and equestrian activities, catering to a variety of interests.

4. Unique architectural heritage

Palm Springs is renowned for its distinctive mid-century modern architecture, characterized by clean lines, open floor plans, and indoor-outdoor living spaces. The city’s residential neighborhoods and commercial buildings showcase iconic examples of this architectural style, attracting enthusiasts and historians from around the world. Residents have the opportunity to live in or visit these architectural gems, contributing to the city’s unique and visually appealing environment.

5. Abundance of luxury resorts and spas

As a premier resort destination, Palm Springs offers residents access to a wide array of luxury resorts and spas, providing opportunities for relaxation and rejuvenation. From world-class hotels with stunning pools and wellness amenities to exclusive spa retreats offering a range of treatments and services, residents can indulge in the city’s luxurious offerings. The Murrietta Hot Springs Resort is a highlight. Whether for a weekend getaway or a regular self-care routine, the abundance of options adds to the city’s appeal as a desirable place to live.

6. Diverse dining and culinary experiences

Palm Springs boasts a diverse culinary scene, with a wide range of dining options that cater to various tastes and preferences. From upscale restaurants offering fine dining experiences to casual eateries serving international cuisine, residents can explore a multitude of flavors and culinary traditions. The city’s Food and Wine Festival, farmers’ markets, and local culinary events further contribute to the rich gastronomic landscape, providing residents with ample opportunities to savor the best of Palm Springs’ dining scene.

7. Active retirement community

Palm Springs has established itself as a popular retirement destination, attracting active adults seeking a vibrant and engaging lifestyle. The city’s retirement communities and senior living options offer a range of amenities and activities tailored to the needs and interests of older residents. From golf communities with championship courses to social clubs and wellness programs, retirees can find a supportive and active environment that enhances their quality of life in Palm Springs.

Cons of living in Palm Springs, CA

1. High cost of living

One of the drawbacks of living in Palm Springs is the relatively high cost of living, particularly in terms of housing and real estate. The average rent for a 2 bedroom apartment is $2,284, higher than the national average of $1,987. The city’s desirable location and amenities contribute to property values and rental prices that may be out of reach for some residents. Additionally, the cost of goods and services in the area can be higher compared to other cities, impacting the overall affordability for individuals and families.

2. Limited public transportation options

Palm Springs has limited public transportation options, which can pose challenges for residents who rely on alternative modes of transportation. Palm Springs has a transit score of 30 so while the city offers some bus routes and a free trolley service in the downtown area, the overall public transit infrastructure may not fully meet the needs of all residents. This can result in increased reliance on personal vehicles and limited accessibility for those without access to private transportation.

3. Seasonal tourism impact

As a popular tourist destination, Palm Springs experiences seasonal fluctuations in population and activity, which can impact the daily life of residents. The influx of visitors during peak tourist seasons may lead to crowded public spaces, increased traffic, and higher demand for services, affecting the overall livability of the city. Residents may need to adapt to these seasonal changes and plan accordingly to navigate the ebb and flow of tourism in Palm Springs.

4. Limited job market and career opportunities

While Palm Springs offers a desirable lifestyle, the city’s job market and career opportunities may be limited in certain industries. The local economy is heavily reliant on tourism, hospitality, and service-related sectors, which may not align with the professional aspirations of all residents. Those seeking diverse employment options or specialized career paths may find it challenging to secure suitable opportunities within the city, leading to potential career limitations.

5. Extreme summer temperatures

Palm Springs experiences extreme summer temperatures, with high heat and dry conditions that can be challenging for some residents. The desert climate can result in prolonged periods of intense heat, reaching the low to mid 100 degree temperatures during the peak of summer. While the warm weather is appealing to many, the extreme heat may pose health risks and discomfort for individuals who are sensitive to high temperatures, requiring careful adaptation and preparation during the summer months.

6. Limited educational institutions

Palm Springs has a limited number of educational institutions, particularly in terms of higher education and specialized academic programs. While the city offers primary and secondary schools, as well as community college options, residents seeking advanced degrees or specific fields of study may need to consider commuting to nearby areas for educational opportunities. This can impact the accessibility and diversity of academic pursuits for individuals and families residing in Palm Springs.

7. Water scarcity and conservation concerns

As a desert city, Palm Springs faces water scarcity and conservation concerns, which can impact the local environment and lifestyle. The region’s reliance on water resources for landscaping, agriculture, and residential use requires a concerted effort towards sustainable water management. Residents may need to adhere to water conservation measures and contribute to ongoing efforts to preserve and protect the natural resources of the area, addressing the challenges associated with water scarcity in Palm Springs.

Apache is functioning normally

May 17, 2024 by Brett Tams

It’s the day after the CPI data and thus begins a concerted effort over the next few weeks to avoid compiling every piece of commentary as a simple countdown to the next CPI. To be fair, we will avoid some of that temptation by counting down to the first week of June with its more robust economic calendar and by the time we get through the jobs report on June 7th, it will be perfectly logical to move on to CPI anticipation. But for now, Memorial Day market closures may as well start early.

Bonds are little-changed from yesterday with modest gains turning into modest losses after the 8:30am econ data. No one should read anything into the level of weakness seen so far today as it leaves trading levels easily inside yesterday’s post-CPI range. If there’s one report to blame for the push-back this morning, it would have to be Import Prices. That’s a break from the norm (it essentially never has an impact), but this one was exceptionally far from the forecast at 0.9 vs 0.3.

Source: mortgagenewsdaily.com

Apache is functioning normally

May 17, 2024 by Brett Tams

In the chart below, red shows single-family permits and blue shows five-unit permits. There is a big gap between single-family and five-unit permits, and currently, single-family permits are getting softer.

This is important to the economic cycle because construction workers tend to lose their jobs before a general recession. This hasn’t happened yet as the backlog of apartment units, which take 21 months to start and finish, has kept that labor employed. However, going out in the future, labor is at risk once those units are completed and with permits falling already, there aren’t other jobs waiting for them at the end. If single-family permits start to fall more aggressively, then that labor is also at risk.

From Census: Building Permits: Privately‐owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,440,000. This is 3.0 percent below the revised March rate of 1,485,000 and is 2.0 percent below the April 2023 rate of 1,470,000. Single‐family authorizations in April were at a rate of 976,000; this is 0.8 percent below the revised March figure of 984,000. Authorizations of units in buildings with five units or more were at a rate of 408,000 in April.

As you can see in the chart below, we aren’t overheating on housing permits. The Federal Reserve is playing a cat-and-mouse game with rates here, trying to cool down inflation without putting the U.S. into a job loss recession, but it will be very tricky with the housing permit data.

Housing Starts: Privately‐owned housing starts in April were at a seasonally adjusted annual rate of 1,360,000. This is 5.7 percent (±11.0 percent)* above the revised March estimate of 1,287,000, but is 0.6 percent (±12.3 percent)* below the April 2023 rate of 1,368,000. Single‐family housing starts in April were at a rate of 1,031,000; this is 0.4 percent (±9.5 percent)* below the revised March figure of 1,035,000. The April rate for units in buildings with five units or more was 322,000.

Like permits, housing starts aren’t doing much. If single-family and 5-unit permit data keep falling together, there is much more downside risk for future housing production and the labor that goes into that.

As you can see above, we now have housing permits falling on both fronts: single-family and five units. If it weren’t for the significant backlog and the builders paying down mortgage rates to sell more new homes, we would have less housing production today. However, the builders have been making this work as long as mortgage rates don’t get too high.

Recently, we have seen the builder confidence fall. This index is tilted more to smaller builders who don’t have the cash levels of big builders to pay down mortgage rates, so you can understand why this index is now falling again as mortgage rates were above 7% while this survey was taken.

Will the recent move to lower mortgage rates help the builders? Of course, if rates keep going down. Not all homebuilders have extra profit margins to buy down rates so with all the data we have today, we are getting to the point where we are losing permits for both single-family and apartment construction.

As you can see, the housing data gets recessionary faster than the general economy does. This runs with every economic recession we have seen post World War II, so when people say housing leads us in and out of recession, this is what they’re talking about.

Source: housingwire.com

Apache is functioning normally

May 17, 2024 by Brett Tams

Mortgage rates dipped to a 7.02% average this week, the second consecutive week for declines, Freddie Mac reports.

“The decrease in rates, albeit small, may provide a bit more wiggle room in the budgets of prospective home buyers,” says Sam Khater, Freddie Mac’s chief economist.

Rates above 7% have been blamed for slowing down the spring homebuying season. Homebuilders said this week that higher rates, which are pressing on home buyers’ budgets, are prompting them to build fewer homes.

“While the start of the year has seen an expansion for single-family home building because of a lack of existing inventory, homebuilding activity leveled off in April as higher interest rates, tighter lending conditions and lower sentiment acted as headwinds on new-home construction,” says Carl Harris, chairman of the National Association of Home Builders. “Lower interest rates, particularly for builder and developer loans, will help builders to increase the pace of home construction in the months ahead.”

Despite the latest ease in mortgage rates, home buyers haven’t been flooding back to the market. Mortgage applications for home purchases—viewed as a gauge of future homebuying activity—fell 2% in the latest week and are down 14% from a year ago, the Mortgage Bankers Association reports. The biggest pullback has been seen in Federal Housing Administration loan applications, which tend to be favored by first-time or low-income buyers.

“While the downward move in rates benefits prospective home buyers, mortgage rates are still much higher than they were a year ago while For Sale inventory remains tight,” says Joel Kan, deputy chief economist at the Mortgage Bankers Association.

At this week’s 7.02% average for the 30-year fixed-rate mortgage, the typical monthly mortgage payment on a $400,000 home, assuming a 10% down payment, would be about $2,400, says Jessica Lautz, deputy chief economist at the National Association of REALTORS®.

Mortgage rates have remained above 7% for five consecutive weeks. “Higher rates are hurting first-time homeowners and eroding affordability,” Lautz says. However, this week’s inflation data showed a slight decline, which could help lower mortgage rates for spring home buyers, Lautz adds.

Freddie Mac reports the following national averages with rates for the week ending May 16:

30-year fixed-rate mortgages: averaged 7.02%, dropping from last week’s 7.09% average. A year ago, 30-year rates averaged 6.39%.
15-year fixed-rate mortgages: averaged 6.28%, also falling from last week’s 6.38% average. A year ago, 15-year rates averaged 5.75%.

Source: nar.realtor

Benefits of Having a Credit Card as an International Student

Disadvantages of Having a Credit Card as an International Student

Typical Credit Card Requirements for International Students

Applying for a Social Security Number

Applying for Credit Cards

Tips for Avoiding Credit Card Rejections as an International Student

Using a Credit Card Responsibly

The Takeaway

FAQ

What is a good credit card interest rate for international students?

Do I need a Social Security number to open a credit card?

Do international students have to use a secured credit card?

Inflation may be moderating

But the Fed exercises caution

Today’s average refinance rates

Today’s refinance rate trends

What to expect from refinance rates this year

Refinancing 101

How to select the right refinance type and term

30-year fixed-rate refinance

15-year fixed-rate refinance

10-year fixed-rate refinance

When to consider a mortgage refinance

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Best Ways To Get an Instant Sign up Bonus

1. Swagbucks

2. Fetch Rewards

3. Marcus (high yield savings account)

4. InboxDollars

5. Survey Junkie

6. Branded Surveys

7. Upside

8. Ibotta

9. Rakuten

10. Prime Opinion

11. MoneyLion

12. MyPoints

13. InboxDollars

14. Cash App

15. BeFrugal

16. Fundrise

17. Robinhood

18. Acorns

Frequently Asked Questions

Do any apps actually give you money?

What app gives you money instantly for signing up?

Which app gives the highest sign up bonus?

Why do sites give a sign up bonus?

Do banks have sign up bonuses?

How To Get an Instant Sign up Bonus

Pros of living in Palm Springs, CA

1. Beautiful weather all year round

2. Vibrant arts and culture scene

3. Outdoor recreational opportunities

4. Unique architectural heritage

5. Abundance of luxury resorts and spas

6. Diverse dining and culinary experiences

7. Active retirement community

Cons of living in Palm Springs, CA

1. High cost of living

2. Limited public transportation options

3. Seasonal tourism impact

4. Limited job market and career opportunities

5. Extreme summer temperatures

6. Limited educational institutions

7. Water scarcity and conservation concerns