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The Plumeria Lounge is one of two Hawaiian Airlines lounges at Honolulu’s Daniel K. Inouye International Airport. It’s available to Priority Pass members, as well as to select Hawaiian Airlines business and first class travelers, plus frequent fliers with Hawaiian Airlines’ Pualani Platinum elite status.

Unlike the tropical paradise you’ll find elsewhere on Oahu, this lounge is more like an oasis of beige. It has some snacks, but don’t arrive seeking a feast. If all you need is a comfy chair, a place to charge your devices and a brief escape from the pre-flight pandemonium, the Plumeria Lounge is just fine.

Here’s what it’s like inside:

Spaces to relax and work

(Photo by Sally French)

The design of the Plumeria Lounge is bland, though not bad. Prepare your eyes for a steady color palette of beige on beige.

(Photo by Sally French)

There are a few types of seating options, including counter seating, table seating, booths and armchairs. Most have access to power outlets. The Plumeria Lounge also has a strong, lounge-exclusive Wi-Fi network, so it should be easy to get connected before your flight.

Food and drink at the Plumeria Lounge

(Photo by Sally French)

Some people judge lounges based on the food offerings. At Honolulu’s Plumeria Lounge, the food is solidly mediocre and spare. There is a self-service buffet with complimentary light snacks.

(Photo by Sally French)

Expect some apples, cheese, small sandwiches and soup.

(Photo by Sally French)

There are also a few types of prepackaged snacks such as pretzels and gummies. Delightfully, though, there are cookie jars with Hawaiian desserts including Honolulu Cookie Company shortbread and Mele Macs macadamia nuts.

(Photo by Sally French)

There’s a coffee maker for lattes and espresso, as well as a standard drip coffee dispenser. A soda fountain nearby offers standard soft drinks.

(Photo by Sally French)

The alcoholic beverages are also self-serve. There are wine bottles on the counter, so you can pour yourself a glass. Or you can grab a beer from the fridge.

Bathrooms

(Photo by Sally French)

The bathrooms were quite clean. However, during our visit in December 2023, one of the three women’s bathroom stalls was out of service.

(Photo by Sally French)

There are some nice touches, including colorful flowers and complimentary feminine care products.

How to get into the Plumeria Lounge at HNL

Plumeria Lounge access is offered to:

  • Business class guests departing Honolulu to Japan, South Korea, Australia or New Zealand.

  • First class guests departing Honolulu to New York or Boston.

  • Pualani Platinum elite status holders departing Honolulu to Japan, South Korea, Australia or New Zealand. These travelers may bring one guest.

  • All other Hawaiian Airlines passengers who purchase a day pass.

  • Priority Pass members.

Cards with Priority Pass access

The Platinum Card® from American Express

Capital One Venture X Rewards Credit Card

Marriott Bonvoy Brilliant® American Express® Card

Hilton Honors American Express Surpass® Card

U.S. Bank Altitude™ Reserve Visa Infinite® Card

Annual fee

Priority Pass benefits

Full Priority Pass Select membership. Enrollment required. Terms apply.

Full Priority Pass Select membership. Includes two guests per visit. No restaurants.

Full Priority Pass Select membership. Enrollment required. Terms apply.

10 complimentary Priority Pass lounge visits per year. Enrollment required. Existing cardholders who enrolled in Priority Pass on or before Jan. 31, 2023 will no longer have a membership as of Feb. 1, 2024. Cardholders who enroll between Feb. 1, 2023 and Jan. 31, 2024, will continue to have membership through Oct. 31, 2024. Terms apply.

Eight free Priority Pass lounge visits per year.

Learn more

As a Priority Pass member, you don’t need to fly on Hawaiian Airlines to access the lounge, but you will have to show a same-day boarding pass with an outbound departure from the HNL airport.

🤓Nerdy Tip

The Plumeria Lounge uses a waiting list for Priority Pass members, so access isn’t guaranteed if the lounge is busy.

Purchasing a Plumeria Lounge day pass

You can purchase a day pass either as a walk-in directly upon arrival at the lounge or beforehand during check-in.

The general admission price is $40, though there are discounts for passengers with Pualani elite status. Day passes for Pualani Gold cost $30 and Pualani Platinum can purchase day passes for $25.

Though, don’t try buying a day pass if you’re flying out of Honolulu on any other airline. You must present a same-day Hawaiian Airlines boarding pass to be able to purchase a day pass.

Getting to the Plumeria Lounge inside HNL

The Plumeria Lounge is located in Terminal 1 on the third level.

Honolulu Airport has two terminals, Terminal 1 and Terminal 2. Both are connected post-security, which makes it possible to access the Plumeria Lounge even if you’re flying out of Terminal 2, but it could be a long walk. You also could take the Wiki Wiki Shuttle between the terminals.

Other HNL lounges to consider

Honolulu’s other Priority Pass Lounge is the I.A.S.S. Hawaii Lounge. It’s adorned with colorful walls, plumeria print chairs and a view of lush plants outside. It might be more aesthetically appealing, but the snacks at the I.A.S.S. lounge are almost nonexistent, so if you prioritize complimentary food, the Plumeria lounge is the better choice.

Is the Plumeria Lounge Honolulu worth it?

(Photo by Sally French)

The Plumeria Lounge is hardly making any lists of best airport lounges. But if you received complimentary access anyway (by purchasing a premium airfare or having a Priority Pass membership), then it’s tough to complain about this lounge.

The food isn’t fancy, but few airport meals are. You’ll have a place to set down your bag. And don’t overlook the unlimited supply of coffee, soda and other drinks. The Honolulu Cookie Company shortbread treats are tasty, too.

As far as whether it’s worth purchasing a day pass, that’s a tougher decision. If you’ll otherwise purchase multiple adult beverages elsewhere in the terminal, then that might end up justifying a good chunk of the $40 day pass fee right there. If you’ve got a long layover, a delayed flight or just got to the airport way too early, then it might be easier to justify the day pass simply given how many more hours you’ll get out of your stay.

Sure, you’d much rather be lying on the beach in Waikiki. But, if you’re stranded in the Honolulu Airport, then the Plumeria Lounge has some complimentary food and drinks to help pass the time, but not much else.

How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2024, including those best for:

Source: nerdwallet.com

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If you know you can’t commit to a full year, subletting a room or living in a short-term apartment might be your best option.

Never subleased an apartment before? We’ll break it down for you!

What does it mean to sublet an apartment?

The legal definition of subletting is leasing or renting a part, or all, of your lease or rented property, to another person called a subtenant. Subtenants have responsibilities to both the tenant and the landlord, but the tenant is still responsible for paying rent to the landlord and for any damage done to the property.

In simpler words, a sublet, or sublease, is when the original tenant transfers the lease to a subtenant for the remaining duration of the lease period — typically less than a year.

While it varies case-by-case, it typically involves a lease transfer fee and does not require the full move-in costs that one-year leases usually have. Therefore, subletting a room or apartment is a great option if you value affordability and flexibility.

Who is involved when subleasing?

  • Landlord: The owner of the townhouse/apartment. They receive rent on a monthly basis from the tenants.
  • Tenant/Sublessor: The renter who signs the lease must pay monthly rent to become a resident of the apartment. The contract period is usually one year.
  • Subtenant/Sublessee: The person who may live in said townhouse/apartment and commits to paying the rent for their period of stay. However, they’re not officially on the lease. Their point of contact is the tenant (the person obligated to pay the landlord).

What are the legal and financial responsibilities?

Every lease differs, so you first need to figure out if it’s even allowed. If you’re the tenant, read your contract again to ensure that your landlord allows subletting. If you’re the subtenant, ensure that tenant is following the proper procedure.

Regardless of what the lease outlines, it’s a requirement to talk to your landlord about the fact that you want to sublease. If they allow it, they’ll inform you of the procedure that you must follow — it could involve either a transfer of lease and/or a subletting fee.

Alternatively, the landlord may not permit it at all. Tenants/subtenants must adhere to the decision of the landlord or they hold the right to sue/evict or charge hefty fines to both the tenant and the subtenant from the apartment.

Subleasing often involves a fee for processing the addition of the subtenant on the lease agreement. In case there is a lease transfer, there may be penalty fees for breaking the lease. The landlord may request a security deposit from the subtenant, as well. In certain rare cases, there is no fee.

Read the fine print in your subletting contract: Length of stay, utilities, rent amount, parking fees. These are important factors that all parties must agree on. It’s in all parties’ best interests to sign a sublease contract to make sure you’re protected and have the rules for both parties in writing.

Make sure you know what type of sublet you’re agreeing to

There are two main forms of subletting.

  1. Both the sublessor and sublessee are jointly responsible for the apartment and all associated costs.
  2. The original tenant is fully responsible for the lease and is thus responsible for complying with all rules and regulations. The original tenant is liable for any damages and missed payments on behalf of the sublessee.

Read more on the regulations here.

Benefits of subletting a room or an apartment

A sublet isn’t as much of a commitment. Now more than ever, signing on to a one-year lease is something to think twice about. Sublets are much more lenient, and allow you the flexibility during these unpredictable times.

Another pro is that sublets are much more affordable. People looking to transfer their lease will sometimes negotiate on rent. Even a small amount can certainly add up, making a large difference in your overall cost.

And finally, people seeking subletters typically leave their apartments completely furnished, or offer to sell their furniture at a discount. Not only will this save you money, but it also makes all the difference when you’re trying to move in furniture up a few flights of stairs. Definitely a huge perk of subletting!

Benefits of finding someone to sublet your apartment

You don’t have to break your contract. In most cases, breaking a lease is not an option. If you’re committed to a lease, then finding someone to sublet your apartment means you don’t throw money away. Nobody wants to pay for an apartment they aren’t living in.

Another perk is the ability to leave your apartment for a few months, but still move back in eventually. With subletting, you don’t need to give up your apartment.

And by subletting, you don’t need to urgently leave the apartment and pack up your entire life. We all know how difficult moving is in general, not to mention on short notice.

Drawbacks to subletting a room

While subleasing is a great option for someone looking for short-term housing, there are a few drawbacks to the process.

For the renter, it’s only temporary. If you find a great place to live, you know that you’re going to have to move out eventually. So don’t fall in love with your temporary digs.

For the tenant, there are always risks when having someone come into your place when you’re not there, especially if you have really nice things. Think of it like if you were to Airbnb your apartment, there’s always a chance something could get stolen. Also, if your sublessee bails on you or fails to pay the rent, your landlord will still come after you for that missing payment.

What to keep in mind while searching for sublet?

Make sure a sublet is the best option for your circumstances: Will you live in this apartment for less than a year? Do you want to avoid upfront costs that come with a full-year lease? Do you want flexibility? If you answered yes to these questions, you should definitely consider subleasing an apartment.

Make sure to start early. If you’re seeking a sublet for the spring semester, now’s the perfect time to start. It’s best to give yourself at least two months when starting your apartment search. Oftentimes, people with available apartments start searching for a subletter two months in advance, while others leave it until the last minute. To give yourself ample time to find an apartment that fits your budget, location and lifestyle, start your search early.

And remember, there may be a lot of competition. When you start early, you get in touch with more people looking for a place to sublet. That gives you more choices in terms of who you want to have living in your room. By giving yourself time, you’ll have the opportunity to get to know them. Ask them all the important questions: Background checks? Will they pay on time? Is your landlord OK with it? Will they keep your room clean? Are your roommates OK living with them?

How can I find a short-term rental?

Now more than ever, there are various platforms to use to search for sublets or short-term rentals.

  • Facebook is great if you want to write a short description of your apartment and post a few pictures for more elaboration. It’s also great for networking due to the sheer volume of people using the platform for the purpose of seeking/subletting an apartment. However, if you’re the one finding a room/apartment, you’re bound to spend hours on your Facebook timeline reading every little detail to find your perfect fit. This happens because, in the post format, the information is not standardized.
  • If you want an interactive experience, Hoamsy is a Boston-based platform that uniquely allows you to list and find sublets. Once you make a profile, you’ll get personalized leads based on your preferences. Once you find a match, you can directly connect with them through Hoamsy’s direct messaging feature. It’s a great resource for people looking to find sublets.
  • Apartment rental sites like Apartment Guide and Rent. are good platforms to use if you have a very specific apartment in mind. You can filter your search to show only properties that offer short-term rentals. They also have listings available in most major cities and give you a ton of guidance on all aspects of moving on their blogs.

Enjoy your freedom of subletting a room

It’s always good to have options and flexibility and subletting a room definitely gives you the opportunity to do that. Just much sure you understand the process before you get started, and get permission from your landlord before doing anything!

The information contained in this article is for educational purposes only and does not, and is not intended to, constitute legal or financial advice. Readers are encouraged to seek professional legal or financial advice as they may deem it necessary.

Clarissa Garza is a Product Marketing Associate at Hoamsy, a real estate tech platform, where she works on content creation, acquiring new users and copywriting. Clarissa is a student at Boston University with experience in marketing and journalism. Aside from Hoamsy, she is a Statehouse Correspondent at The MetroWest Daily News.

Source: rent.com

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Credit card debt is a widespread issue that affects countless Americans, becoming a heavy burden that can disrupt financial stability and well-being. Whether due to unforeseen expenses, medical emergencies, or the convenience of online shopping, the roots of accumulating debt vary widely across individuals.

However, when debt reaches overwhelming levels, seeking ways to reduce or eliminate it becomes a critical goal. This is where the concept of debt settlement enters the picture—a strategy that involves negotiating with creditors to resolve a debt for less than the total amount owed.

The path to settling credit card debt might appear challenging, but armed with the correct information and strategies, it’s entirely possible to regain control over your financial destiny. This article aims to provide a comprehensive guide through the different paths available for settling credit card debt, ranging from self-managed methods to seeking professional assistance.

By gaining an understanding of your options, the steps involved, and the implications of each decision, you can make choices that align with your financial situation and objectives.

Understanding Your Debt Settlement Options

When faced with credit card debt, choosing the best strategy to reduce what you owe can seem overwhelming. However, understanding your options can simplify this process, making it clearer and more manageable. Whether you’re considering a do-it-yourself approach, thinking about seeking legal advice, or pondering the assistance of a debt relief service, it’s crucial to weigh the benefits and challenges of each method.

DIY Settlement Strategies

Settling debt on your own can be empowering and financially beneficial, as it saves you the fees associated with professional debt settlement companies. This approach requires you to directly contact your credit card company to negotiate a settlement—a lump sum payment that’s less than the total amount owed.

To succeed, you’ll need to be well-prepared: research your credit card company’s policies on debt settlement, understand your financial situation thoroughly to know how much you can afford to offer, and be ready to present your case persuasively. While this method demands significant time and effort, it allows you to maintain complete control over the negotiation process.

Consulting with a Debt Settlement Attorney

For those who prefer professional guidance, consulting with a debt settlement attorney can provide valuable legal insights and negotiation leverage. An attorney can evaluate your financial situation from a legal standpoint, offer advice on the feasibility of a settlement, and represent you in negotiations with creditors.

This option is particularly beneficial if you’re facing lawsuits from creditors or if your debt situation is complex. While hiring an attorney involves legal fees, their expertise can lead to more favorable settlement terms and protect you from potential legal pitfalls.

Engaging a Professional Debt Settlement Company

Debt settlement companies act as an intermediary between you and your creditors. These services negotiate on your behalf to reduce the total amount of debt you owe. Opting for a debt relief company can be a good choice if you’re uncomfortable handling negotiations yourself or if you have a significant amount of debt.

It’s important to do thorough research before selecting a debt settlement company: look for reputable companies with transparent fee structures and positive customer reviews. Keep in mind, however, that while a debt relief service can simplify the process, it also means you’ll pay a fee for their assistance, which is typically a percentage of the debt reduced or settled.

Evaluating Whether Debt Settlement Is the Right Choice for You

Deciding to settle credit card debt is a significant financial decision that requires careful consideration of your personal circumstances. It involves analyzing your financial situation, understanding the advantages and drawbacks of settlement, and considering other potential strategies for managing debt.

Assessing Your Financial Situation

The first step in determining if debt settlement is the right path involves a thorough assessment of your financial situation. This means taking stock of all your debts, including credit card balances, loans, and any other financial obligations.

Additionally, evaluate your income, monthly expenses, and any savings or assets you may have. This comprehensive financial overview will provide clarity on how much you can realistically afford to pay towards settling your debts. If you find that your debts far exceed your capacity to pay, and you’re experiencing financial hardship, debt settlement might be a viable option to consider.

The Pros and Cons of Debt Settlement

Before deciding on debt settlement, it’s essential to understand both the benefits and potential drawbacks.

Pros

  • Reduced debt: The most significant advantage is the possibility of paying off your debt for less than the full amount owed, potentially saving you thousands of dollars.
  • Avoiding bankruptcy: For many, working with a debt settlement company is a preferable alternative to bankruptcy, which has a longer-lasting impact on your credit scores.

Cons

  • Credit score impact: Settling your debt can negatively affect your credit score in the short term, as it involves paying less than the agreed-upon amount.
  • Potential fees: If you use a debt settlement company, you will likely incur fees, which can be substantial.
  • Tax implications: Forgiven debt may be considered taxable income, which could increase your tax liability.

The Step-by-Step Process to Negotiate Credit Card Debt Settlement on Your Own

Tackling credit card debt through settlement is a proactive approach to managing financial challenges. This process involves several key steps, each designed to help you successfully negotiate with credit card companies and reach a settlement that reduces your debt. Here’s a structured guide to navigating this journey on your own.

1. Educate Yourself on Debt Settlement

Begin by conducting thorough research on how to settle your debt. Learn about the process, its impact on your credit scores, and the legal factors involved. Become familiar with the typical practices in this area, including the average percentage by which debts can be reduced. Gaining knowledge in these areas is crucial and equips you for effective negotiation with credit card companies.

2. Inventory Your Debts

Compile a detailed list of all your debts, including credit card company information, outstanding balances, interest rates, and monthly payment amounts. This comprehensive overview will clarify the total amount you owe and help you prioritize which debts to settle first based on their impact on your financial health.

3. Analyze Your Financial Capacity

Assess your financial situation by reviewing your income, expenses, and available assets. This analysis will help you determine how much you can realistically afford to offer in a settlement without compromising your basic living needs. Creating a budget, if you haven’t already done so, is a crucial step in this process.

4. Organize Your Negotiation Strategy

Before contacting your credit card issuer, develop a clear negotiation strategy. Decide on the initial settlement offer you’re comfortable with and the maximum amount you’re willing to pay. Also, plan how to address any counteroffers from the credit card company. Having a strategy in place will help you navigate the negotiation process more effectively.

5. Establish Communication with Credit Card Companies

Initiate contact with your credit card companies to express your interest in negotiating a settlement. It’s often best to start this communication in writing, followed by phone calls. Be polite, concise, and clear about your financial situation and your desire to settle the debt.

6. Negotiate with Persistence and Patience

Negotiation is a process that requires both persistence and patience. A credit card company may initially resist your settlement offers, so be prepared to negotiate firmly but respectfully. Keep detailed records of all communications and offers made during the negotiation process.

7. Secure and Review the Settlement Agreement

Once you reach an agreement, request a written settlement agreement from the credit card company. Review this document carefully to ensure it accurately reflects the terms you negotiated, including the settlement amount and any conditions regarding the reporting of the debt to credit bureaus.

8. Fulfill the Settlement Terms Diligently

After securing the settlement agreement, adhere to the terms diligently. Make the agreed-upon payment by the specified deadline to ensure the settlement is honored. Once the payment is made, confirm that the account is reported as settled on your credit report.

Negotiating a credit card debt settlement on your own can be challenging, but with thorough preparation and a strategic approach, it’s possible to reduce your debt and move towards financial recovery.

Alternatives to Debt Settlement

Turning to a debt settlement company is only one of several strategies for handling overwhelming debt. It’s crucial to explore all available options to make an informed decision that aligns with your financial situation and goals. Here’s a more comprehensive look at the alternatives:

Debt Consolidation

Debt consolidation involves taking out a new loan to pay off multiple debts, effectively combining them into a single debt with one monthly payment. This approach is particularly beneficial if you can secure a consolidation loan with a lower interest rate than your current debts.

The advantages include simplifying your monthly payments, potentially lowering your overall interest rate, and providing a clear timeline for debt repayment. However, it requires a good credit score to obtain favorable loan terms.

Credit Counseling

Credit counseling agencies offer a valuable service for those struggling with debt. They work with you to create a personalized debt management plan (DMP) and can often negotiate lower interest rates and waived fees with your creditors.

Enrolling in a DMP means making a single monthly payment to the credit counseling agency, which then distributes the funds to your creditors according to the plan. A credit counselor can help you manage your debts more effectively without taking on new loans, but usually involves a small monthly fee.

Bankruptcy

Filing for bankruptcy is a legal process that offers a way out for those in severe financial distress. There are two main types of bankruptcy for individuals: Chapter 7, which liquidates your assets to pay off as much debt as possible, and Chapter 13, which sets up a repayment plan to pay back debts over time.

Bankruptcy can severely impact your credit scores and your ability to obtain future credit, but it provides a clean slate for those who have no other way to manage their debts. It’s advisable to speak to a bankruptcy attorney to understand the implications fully.

Budget Adjustments

Sometimes, the solution to managing debt is as straightforward as adjusting your budget. Reviewing your income and expenses meticulously to identify areas where you can cut back can free up additional funds to pay down your debt.

This might include reducing discretionary spending, canceling subscriptions, or finding ways to increase your income. While it requires discipline and may involve some lifestyle changes, this approach avoids the potential negative impacts on your credit score associated with other debt relief strategies.

Preparing for Life After Settlement

Successfully negotiating a debt settlement marks a significant milestone in your financial journey. However, the path to full financial recovery extends beyond just settling your debts.

Preparing for life after settlement involves taking proactive steps to monitor your credit report, rebuild your credit score, and develop healthy financial habits. These actions are crucial for ensuring long-term financial health and avoiding future debt issues.

Monitor Your Credit Report

After settling your debts, it’s important to regularly check your credit report from the three major credit bureaus—Equifax, Experian, and TransUnion. Ensure that the settled debts are accurately reported and reflect a zero balance.

Monitoring your credit report helps you catch and correct any inaccuracies or errors that could negatively affect your credit scores. It also keeps you informed of your credit status, which is essential for rebuilding credit. You’re entitled to one free credit report from each bureau per year through AnnualCreditReport.com, making it easier to keep tabs on your financial standing.

Rebuilding Your Credit Scores

Settling your debts can impact your credit scores, so focusing on rebuilding it is crucial. Start by making any remaining debt payments on time, as payment history is a significant factor in your credit scores.

Consider using a secured credit card, which requires a deposit that serves as your credit limit. Using this card responsibly and paying the balance in full each month can help demonstrate your creditworthiness and improve your credit scores over time. Additionally, keeping your credit utilization ratio low—below 30% of your available credit—is key to showing lenders you can manage credit effectively.

Developing Healthy Financial Habits

The final step in securing your financial future is developing and maintaining healthy financial habits. Create a realistic budget that accounts for your income, expenses, savings, and investments. Stick to this budget to avoid overspending and to ensure you’re saving adequately for emergencies and future goals.

Prioritize building an emergency fund with enough savings to cover at least three to six months of living expenses. This fund can help you avoid falling back into debt in case of unexpected expenses. Finally, continue educating yourself on financial management and seek professional advice when necessary to make informed decisions about investing and saving for the future.

Frequently Asked Questions

What happens if I miss a payment on a settled debt?

If you miss a payment on a settled debt, it could potentially void the settlement agreement, leading the credit card company to possibly demand the full original amount owed or take legal action against you. It’s crucial to adhere to the terms of the settlement agreement and make payments on time. If you foresee difficulties making a payment, contact the credit card company immediately to discuss your options.

Can I settle debt that’s already in collections?

Yes, you can settle debts that have been transferred to a collection agency. In fact, collection agencies might be more willing to negotiate a settlement since they acquire debts at a fraction of the original amount owed.

Negotiating with a debt collector follows a similar process to negotiating with the original creditor, but ensure any agreement is documented and that you understand the impact on your credit report.

How does debt settlement affect my ability to get new credit?

Debt settlement can impact your credit scores and might be viewed negatively by future lenders, as it shows you did not pay the full amount owed. This can make obtaining new credit more challenging, at least in the short term. However, as you rebuild your credit over time and demonstrate financial responsibility, lenders may be more willing to extend credit to you.

Should I use my savings to settle debts?

Using savings to settle debts can be a viable strategy, especially if it significantly reduces your financial burden and avoids accruing additional interest. However, consider keeping enough in your savings for emergencies.

Evaluate your financial situation carefully to make an informed decision. Consider working with a financial advisor to ensure you’re not putting yourself at risk for future financial emergencies.

How long does a settled debt stay on my credit report?

A settled debt typically remains on your credit report for seven years from the date of the original delinquency that led to the settlement. While the impact of the settled debt on your credit scores decreases over time, it’s important to focus on rebuilding your credit by maintaining good financial habits.

Source: crediful.com

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Geometric patterns redefine the art of home decor, effortlessly infusing a timeless yet modern aesthetic into our living spaces. Geometric patterns have emerged as a quintessential element in modern interior design, injecting a sense of contemporary sophistication into our living spaces.

Geometric patterns in home decor: Tips to add modern flair to your interior space (Photo by Max Rahubovskiy on Pexels)

In an interview with HT Lifestyle, Jenis Makwana, Head of Design and Innovation Lab at Bonito Designs, shared, “Whether it’s bold prints or subtle textures, these patterns offer a versatile means of self-expression, accommodating various design preferences. Their adaptability allows them to seamlessly grace any room, from the serene intimacy of bedrooms to the shared warmth of living rooms and kitchens. Geometric patterns strike a perfect balance, merging classic charm with a refreshing contemporary touch, creating an ambiance that feels both familiar and stylishly up-to-date.”

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She revealed, “Practically applied, these patterns act as dynamic focal points on walls, floors, or furniture, providing a visual break. Achieving the right balance is crucial, ensuring that the patterns enhance rather than overwhelm the overall design. Beyond their aesthetic appeal, geometric patterns play a functional role in defining specific spaces within a room, adding character to areas like dining spaces or cozy reading nooks. Their application extends across elements like rugs, furniture, artwork, and accessories, fostering a dynamic and visually stimulating environment that mirrors individual design sensibilities with a touch of personal warmth.”

Bringing his expertise to the same, Anuj Ramchandran, Studio Principle, Premium BU at Livspace, said, “From sleek lines to bold shapes, these patterns offer a versatile canvas for expressing style and personality within home décor. One of the most compelling aspects of geometric patterns is their ability to create visual interest and depth in a room. Whether it’s through intricate tessellations or minimalist repetitions, these designs can transform ordinary surfaces into dynamic focal points, instantly revitalizing the interiors with a touch of modern flair.”

He added, “Moreover, geometric patterns possess a timeless quality that transcends fleeting trends, making them a reliable choice for immortal design schemes. Their clean and structured aesthetic resonates with the principles of modern contemporary design, which prioritize simplicity, functionality, and innovation. Whether in a monochromatic palette or a vibrant burst of colors, geometric patterns effortlessly complement various design styles, from Scandinavian minimalism to industrial chic. The versatility of geometric patterns extends beyond mere aesthetics. They can also be used strategically to manipulate perceptions of space and light within a room. For instance, vertical or horizontal lines can elongate walls, while geometric shapes can create illusions of depth or movement.”

He concluded, “This design strategy not only enhances the overall ambiance of a space but also contributes to its functionality and livability. In essence, geometric patterns serve as a dynamic tool for modernizing home décor. By harnessing their visual appeal and versatility, homeowners can infuse their living spaces with contemporary charm and personality, creating environments that are both stylish and inviting. Whether used sparingly as accent pieces or boldly as statement elements, geometric patterns continue to captivate and inspire within the realm of modern interior design.”

Source: hindustantimes.com

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In AD PRO’s monthly Having a Moment column, AD senior design editor Hannah Martin reports as a weathervane for fads big and small, documenting the patterns and home decor trends she’s clocked in the pages of AD and beyond. Here, enjoy a look back at 2023’s most defining moments.

From nostalgic styles making a comeback to innovative responses to how we live today, there were many stand-out moments in the world of interior design this year. Reviewing them retrospectively, the selections sum up the past year’s tentpole memories—from the design fair debuts we’re still thinking about to the interiors that will inspire well into the new year. Before diving into the design forecasts and color predictions for 2024, take a minute to reflect on the home decor trends that ruled interiors this year.

The kitchen counters and island of Nate Berkus and Jeremiah Brent’s renovated New York family home are clad in Calacatta Turquoise Antico marble from ABC Stone.

Photo: Kelly Marshall

Forget the subtlety of travertine (last year’s surface du jour) or the always-in elegance of snow-white Carrara. This year was all about an eye-popping specimen—strong veining, unusual colors, and (for the ultra-daring) perhaps a graphic mix of both. Surfaces need not blend into the background; they can say something too. Let’s call it personality marble—that essential dose of pattern that can make any interior pop. Take, for instance, the freestanding onyx bar Roman and Williams turned into a showstopping moment in Gwyneth Paltrow’s Montecito living room, or the all-over marble bathroom of Tinder founder Sean Rad and his wife, Lizzie Grover Rad, conjured by designer Jane Hallworth. Consider it a new kind of conversation piece for the home.

Jaxx Red Marble Side Table

In artist Mary Weatherford’s midcentury-modern LA home, revamped by AD100 designer Oliver M. Furth, the pink toilet is vintage Kohler.

Photo: Douglas Friedman

“With a rise in midcentury-modern home remodels and an increased nostalgia for retro furnishings, we’re seeing more customers favoring color,” says Alyssa Wilterdink, senior marketing manager at Kohler, which relaunched a duo of vintage hues for its plumbing fixtures in honor of the American manufacturer’s 150th anniversary this year. Designers are indeed leaning in: Virginia Tupker recently ordered custom colored Water Monopoly sinks in pale pink and blue for a family home in Connecticut; color fiend Frances Merrill installed a cobalt blue sink in the powder room of a Cape Ann, Massachusetts, home; and designer Oliver M. Furth opted for a vintage pink toilet from Kohler for artist Mary Wetherford’s midcentury-modern abode in LA.

Lookin’ Good Shower Set

The Plain English kitchen of this Virginia Tupker project in Connecticut, features a backsplash made of custom Portuguese tile, hand-painted with a William Morris–inspired motif.

Photo: Isabel Parra

This year, we witnessed a surge in designers adding color, pattern, and artistic flair to their projects with hand-painted tile. “I’ll tile just about anything,” says interior designer Jessica Jubelirer, who applied the treatment to the hearth, the bathrooms, the baseboards, and, most memorably, inset in the closet doors in a lakeside Wisconsin family home. Meanwhile, in a historic Connecticut family home designed by Virginia Tupker, Delft and Portuguese tiles create a sort of wainscoting in the entryway and bathrooms, as well as fireplace surrounds. In the kitchen of that project, hand-painted tile adds a splash of pattern (drawn from a William Morris motif) as a backsplash. Practical and durable with an artisan flair, hand-painted tile adds visual interest wherever needed. Adds Jubilerer: “Kitchens, bathrooms, and fireplaces can all benefit from its practicality and beauty.”

São Dinis 88 Portuguese Tile

Massimiliano Locatelli’s Milan apartment features task lighting; an industrial, stainless-steel kitchen; and terrazzo floors.

This spring’s design fair circuit hinted at a return to the industrial minimalism, high-tech style of the ’70s and ’80s—an industrial revolution of the interior, if you will. In April we returned from Milan with notes about a minimalism resurgence, with a particular emphasis on industrial materials. Knoll had reissued some of high-tech star Joe D’Urso’s super-adaptable and sleek low tables from the ’80s. Ledongil Workshop’s experimental lighting and furnishings, on display at Ordet gallery, felt like an elevated take on track lighting. And at Drop City, designer Daisuke Yamamoto showcased a collection of clean-lined chairs made of the most frequently trashed construction material: lightweight gauge steel. Indeed, industrial materials and minimalist silhouettes were the protagonists of this year’s debuts.

Hector Small Dome Clip Light

A pale plink moire dressing room by Sophie Ashby

Photo: Alexander James

“We’re blowing the dust off moire,” says Raffaele Fabrizio, creative director of Dedar, while showing off the Italian fabric house’s newly expanded Amoir Libre textile. Cue the ripple effect. As of late, a handful of brands and interior designers have redirected their gaze to the historic textile that oozes opulence, repackaging it for today’s quiet luxury. Interior designer Sophie Ashby, who recently wrapped a dressing room in a pale pink Dedar moire, praises the home decor trend for its ability to expand space: “When used in the right way it can really enhance a space, enveloping the interior with tactility whilst also subtly playing with light to make smaller spaces—such as dressing rooms or hidden nooks—appear larger.”

Quadratic Rug in Burgundy by Objects of Common Interest for CC-Tapis

Aerin Lauder mounted a grid of prints in the service pantry of her Palm Beach kitchen.

Photo: Simon Upton

Before there was photography, botanists—or anyone wishing to document flora—created detailed illustrations, known as botanical studies, intended to convey the plant’s physical appearance and other qualities. Unsurprisingly, such botanical studies have long been used to decorate. Lately, the botanical studies trend—a longtime hallmark of traditional, even preppy interiors—is blooming anew. In Lauren Dupont’s Connecticut home, designed by Stephen Sills, a pair of ​​antique botanical prints purchased at auction hang in her dressing room, and in her Palm Beach kitchen, Aerin Lauder mounted a grid of floral prints in the service pantry. Sure, there’s nothing innately groundbreaking about florals when it comes to home decor trends, but perhaps that’s just what gives them eternal life.

Nasturtium Wall Tray

In his Manhattan loft, Colin King styles a minimalist bed—or “grandma-style,” as he dubs it.

Rich Stapleton

In the bedroom, gone are the piles of decorative pillows and fussy, overstuffed duvets. Back is a simple coverlet that is perfectly happy not to take center stage. You know this super-simple look: a flat coverlet is laid across the bed, folded down a little at the top, and then back over a pair of standard pillows. “It always felt a bit traditional and almost religious,” says Colin King, the stylist and longtime AD contributor, who favors the minimalist bed. “It’s clean and tidy, simple but elegant. It gives the room the feeling you want your bedroom to have—serenity.” The back-to-basics look has been spotted in a restored Brooklyn Heights apartment by Augusta Hoffman, John Legend and Chrissy Teigen’s California bedroom designed by Jake Arnold, and Andre Mellone’s Manhattan sleeping quarters too.

Repose Heavyweight Bedcover

A pair of Biedermeier armchairs add a classical touch to a Nashville living room designed by Roger Higgins.

Photo: Haris Kenjar

In Germany and Austria between 1815 and 1850, when the Napoleonic wars had ended and a burgeoning middle class emerged, a new style of furniture was created to suit their needs: streamlined versions of more opulent Empire furniture, characterized by strong lines, warm local woods, and simplified shapes—though, notably, not totally stripped of ornament. Biedermeier furniture, as it would later be named, has regained appeal in contemporary interiors for its chameleon qualities. It brings a calculated hit of classicism to a cool, minimalist interior, but it can deliver streamlined modernity to one that is layered and super decorated. These days, says Campbell-Rey’s Charlotte Rey, it’s all about the mix: “It is important to not be afraid to mix them with color and other periods. Perhaps you place a Memphis Milano lamp on top of a Biedermeier sideboard? Being too respectful can make it feel overly polite.”

19th Century Biedermeier Walnut Chairs

Source: architecturaldigest.com

Apache is functioning normally

Cats are simple creatures. They only require that you love them unconditionally (when they are ready for love), always give in to their (sometimes frivolous) demands and have a full bowl of kibble ready at any hour of the day.

In exchange, you’ll get a feline friend who is mostly indifferent to everything around them, has energy bursts and sleeps a lot. The last point is important, as cats can snooze for up to 16 hours daily. And naturally, the king of your urban jungle needs a comfortable bed, and the more elegant it is, the better.    

In this article: Furhaven Mid-Century Modern Elevated Pet Bed, Gavenia Fluffy Self-Warming Cat Bed and Pickle & Polly A-Frame Tent for Cats.

Only the best for your fluffy friends

Pet owners naturally want to provide their furry friends with some comfortable furniture, but too often cat scratchers and loungers look ghastly. Most of the designs don’t seem to take into consideration that only a few people’s aesthetic is cardboard chic or sisal serene.

But cats don’t need to scratch and sleep in the same location. Having a scratcher is fine when it’s in a busy, high-traffic area, but for other quieter areas, felines feel most at home in a comfortable bed.

However, not just any bed will do. Apart from getting cat furniture that fits in with your decor, there are a few things to consider. If your cat prefers a space off the ground, consider an elevated bed that gives them a vantage point.

Also, take your cat’s weight into consideration. The thickness of a mattress might seem sufficient, but heavier cats will naturally need a bit more support and the frame should be able to handle it. Related to the mattress, consider the material that it’s made from, as some are better suited for colder months while others are more lightweight for summer.

Best cat beds that might as well be home decor

Furhaven Mid-Century Modern Elevated Pet Bed 

There is no better cat bed than this piece inspired by mid-century modern design. It looks good in any room, and at first glance, it doesn’t even seem like a bed for pets. It is 32 inches long and 22 inches wide and stands 9.8 inches tall. The wooden bed frame comes with pre-drilled partitions to make assembly easier, and it fits 20-inch by 30-inch mattresses. 

Sold by Amazon 

Gavenia Fluffy Self-Warming Cat Bed 

This ultra-fluffy doughnut-shaped cat bed fits in with any clean decor or carpeted room. It has a water- and dirt-resistant base that won’t slide around on the floor. There are three sizes, and the smallest bed measures 20 inches in diameter and is 7.5 inches thick. The filling is polypropylene cotton, which is warm and cozy.   

Sold by Amazon

Pickle & Polly A-Frame Tent for Cats 

This adorable cat bed is perfect for a home with a rustic decor scheme or a vintage aesthetic. The simple frame is made from sturdy wood and held together at the top with a dowl rod. The fabric tent neatly attaches to the frame through elegant bows and provides a comfortable space for any cat to catch some shut-eye.   

Sold by Amazon

PawHut Weaved Banana Leaf Elevated Cat Bed 

This cat bed can easily be mistaken for a plant holder or an elaborate storage space. The weaved banana leaf cat bed gives off a tropical or rustic vibe, yet also looks elegant. The entrance into the ball-shaped area where cats sleep is 15 inches in diameter, and it stands on a 6.7 inch base. The fluffy cushion is 1 inch thick and 19.7 inches in diameter.  

Sold by Amazon

The Refined Feline Faux Rattan Elevated Ball Cat Bed 

Similar to the banana leaf bed, this elevated ball cat bed stand 28 inches tall on a 17 inch base and the ball is 11 inches off the ground. The opening on the ball is 17 inches in diameter, which is large enough for most cats. It is made from faux rattan, which is durable and elegant. 

Sold by Amazon

Petmate Aspen Pet Sofa Bed with Pillow

This adorable cat couch is perfect for making your feline feel right at home while fitting in with the room’s decor. It is 20 inches long and 9 inches wide, with a plush ridge around the back edge. The sleeping area is covered in a synthetic lambswool and it even comes with a little pillow for comfort. 

Sold by Amazon

Wall-Mounted Hammock for Cats

If your cat prefers to gaze upon the world from above, then this wall-mounted hammock is the perfect option. The cream and brown color scheme complements any decor choice and provides a functional sleeping spot. The sturdy backing has a scratch pad and the hammock can easily support cats up to 22 pounds.

Sold by Amazon

Free-Standing Cat Hammock

This free-standing hammock resembles an ottoman, which is great if you want it to seem like it’s part of the furniture. The simplistic metal frame is 19 inches wide and the hammock is 9.5 inches off the ground. The sleeping area is made from durable fabric is detaches from the frame for machine washing. 

Sold by Amazon

Lazy Lush Orthopedic Pet Bed

If humans can have a comfortable couch, then why can’t cats? This bed isn’t elevated off the floor, but it has a 3-inch mattress for comfort. Measuring 30 inches by 20 inches, there is a 3.5-inch shredded foam wall around three sides, which doubles up as a pillow. The mattress comprises a waterproof lining, orthopedic foam and soft fur on top.

Sold by Amazon

Asrug Soft Faux Fur Pet Bed

If a fur rug is part of your decor choices, then this cat bed will be hardly noticeable. Approximately 26 inches by 37 inches, it has a 2.5 inch thick fake fur pile that provides a luxurious space for daytime napping. It has a soft, ivory-colored suede backing to prevent slipping and is machine-washable.

Sold by Amazon

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Source: wvnstv.com

Apache is functioning normally

Now that we’ve been working from home for a while, everyone has more or less figured out what works. But there are still a few basic pieces of Zoom etiquette that people need to master.

Whether you’re hosting a video call or attending one, here are some Zoom etiquette tips to keep you from being “that guy” on your calls.

1. Mind the background noise

Be mindful of the background noise on your end. Things you might have grown accustomed to and don’t notice are noisy and distracting for those on a Zoom call with you.

Think about appliances that are running, like the dishwasher, washing machine and dryer, and fans and HVAC units can make noticeable noise. Consider either turning them off or moving well away from them during your call.

And one of the most obvious, yet overlooked, pieces of advice is to close the door while on a call. If you’re working where other people live or work, a closed door is a respectful signal to not bother you and keep noises from outside the room from being heard.

2. Clean up your background

What’s going on behind you during calls? Can others see cars passing by the street through your front window or the sink full of dirty dishes in your kitchen? Your visible background can say a lot about you and leaves an impression on Zoom calls. Try to keep a neutral background when possible and keep it clean so you don’t show off your messes.

Zoom does offer virtual background options, but unless you’re desperate, try not to use it all the time. Virtual backgrounds are fun and quirky at times, but they can create distrust or seem improper if overused. It’s alright to use them in an emergency when you’ve got a couch full of laundry behind you, but if it’s not necessary, it’s best to let everyone see you in your work environment at home.

As a word of warning, it’s appropriate to show everyone where you’re working in your home, but do it with caution! Yes, your bed is comfortable, but do you really want people seeing your bedroom? Instead, try setting up your camera in such a way that it doesn’t look like you’re lounging in your bedroom, like positioning yourself so only a wall is visible.

3. Check the lighting

Especially when working in a small space, lighting is challenging. An overhead light can create harsh or awkward shadows on your face. Natural light always shows up best through your webcam, but if you don’t have natural light that adequately highlights your face, you might want to consider alternative options like a ring light.

4. Use a dedicated office space

It’s important to have a specific office area in your home in general, but it’s especially helpful for taking calls. It can help you minimize distractions and avoid potential mishaps.

If you’re always taking calls from the same spot, you’ll know what parts of your house show in the background, how to minimize noise and adjust lighting and keep messes and distracting items out of the way. Or, if you have a pet, consider having a bed next to your Zoom location, so they know there’s a place for them and won’t jump into your lap mid-call.

5. Dress to impress

When you’re at home and have your closet only steps away, it’s tempting to change into comfortable clothes for work. When on camera, it’s best to have slightly more professional attire. This doesn’t mean you need to wear a suit and tie or a dress, but it’s best to put on something other than your sweats and an old hoodie. Try setting timers a few minutes before calls so you know when to change.

And just because people are only seeing the top half of your body doesn’t mean you should skip the pants — we all know that some Zoomers are flying fast and loose with pants, which is a dangerous game to play. If for some reason you do need to stand up or move during your meeting, you don’t want everyone seeing your unmentionables in a professional environment.

6. Watch the chat

Zoom’s chat function is a great tool for sending comments while other people are speaking and for sharing links. Sometimes, these comments are important or someone is sharing a link to a document you need to view. Check the chat throughout your meeting so you aren’t completely lost and others don’t think you weren’t paying attention.

7. Mute yourself

Even if there’s no background noise where you’re working, mute yourself when you’re not speaking. Unexpected things happen, like a doorbell ringing or noise you’re unaware of.

8. Turn off your camera when appropriate

While it’s nice to show everyone your face, turning off your camera is sometimes appropriate. If you’re getting up from your desk to grab something from another room, turn off your video. Seeing someone get up and leave for a minute may cause others to wonder what’s going on, and it can distract from the actual meeting at hand.

Or, if you’re moving yourself during the call from one room to another, you should also turn off your video. Your coworkers don’t need to feel like they’re on a roller coaster or traveling through hyperspace while you’re walking through your home.

Finally, turn off the camera if you’re eating, even if it’s just a quick snack. It’s poor Zoom etiquette and, frankly, gross to others if you’re eating while on a call.

9. Be careful while screen sharing

We’ve all had someone inadvertently show a confidential or personal message in a Zoom meeting, whether it was via notifications or poor planning when sharing their screen.

If you’re showing your screen to others on a call, make sure the screen you share is free from messaging platforms or other irrelevant windows. It’s also smart to mute your notifications while screen sharing, too. If you have difficulty remembering to turn off your notifications, try installing something like Muzzle that will silence your notifications for you when you share a screen.

10. Look into the camera

Many of us are using more than one monitor and are on a zoom call while viewing other documents on different screens. Even if what you’re viewing on another screen is relevant to the meeting, it’s better to look into the camera so people know you’re actively present in the meeting and not distracted.

11. Test video, microphone beforehand

Do a quick test of your audio and video before your meeting starts. It only takes a minute or two and can help you avoid awkward moments of realizing you have a mess behind you or wasting time at the beginning of the call to figure out why the sound isn’t working.

12. Use reactions

Zoom has a few reactions you can use when you don’t want to unmute yourself or make too much noise. These are emojis that you can click that will show on your video window for a few seconds. It’s much easier when you have a large meeting to show you understand something by giving a visual “thumbs up,” rather than verbally saying “I got it” and everyone wondering who said what.

13. Try multiple windows

In your Zoom settings, you can set it to display on two windows. This is especially helpful for meetings where people are sharing a screen because you can see the gallery view for people’s faces, as well as a screen share. That means no more scrolling through everyone on the top or side of the screen during calls!

14. Ask for permission to record

One of the greatest benefits of using Zoom for meetings is that you can record entire meetings and refer back to them later or send them to people who couldn’t attend. But, before you hit the button to record, make sure you’ve asked those in the meeting if it’s OK. Chances are, everyone will be fine with it, but it’s still good Zoom etiquette to ask so that others are aware.

15. Beware of taking calls from your patio

When the weather is good, it’s nice to take calls from outside. When you’re working from your balcony or patio, be aware of your noise level as neighbors might have opened windows to let fresh air in and they can hear you. This is bothersome to the neighbors who are trying to work or take calls themselves, and it could give away information about your company that shouldn’t be shared.

You should also monitor the noise in your background. It’s relaxing to hear birds chirping or feel a breeze, but it’s annoying to everyone else on your Zoom call.

16. Take precautions with common areas

Whether you’re in a conference room, business center or other shared common space, take precautions and be considerate of those around you. That means practicing social distancing, wearing a mask and being as quiet as possible — including when using the printer and coffee machine. No one wants to be interrupted in their meeting by someone printing out a 100-page document nearby.

Practice good Zoom etiquette

Most of us have had something unexpected happen during a Zoom call — and that’s OK! The great part about this pandemic is that it has shown us we’re all human. Even the CEO of the big company is dealing with pets, unexpected doorbells or visits from their little ones while they’re working. Life happens.

That being said, it’s still a work environment and we want to avoid being too unprofessional. Be conscious of Zoom etiquette and you’ll (hopefully) avoid being the distraction during calls!

Source: rent.com

Apache is functioning normally

It doesn’t matter how long ago you purchased your house, whether it’s been just a few years or several decades. Consider re-evaluating your current mortgage and living situation to determine whether a refinance could benefit your wallet.

The process is almost as in-depth as getting a new mortgage, so we’ll show you exactly when you should consider refinancing and how to complete the process.

What is a mortgage refinance?

Mortgage refinancing is the process of replacing an existing mortgage with a new mortgage loan. The new loan may have a different interest rate, term, or loan amount than the original mortgage.

People often refinance their mortgages to take advantage of lower interest rates, to change the terms of their loan, or to tap into the equity they have built up in their home.

When should you refinance your mortgage?

Before you jump into the refinance process, it’s wise to think about your goals. There are many times when it’s a good idea to look into mortgage refinancing, but you always have to look at the big picture as well.

For example, if interest rates are lower than when you got your mortgage or your credit has improved recently, you may qualify for a lower interest rate. This allows you to save money over the long run and have a lower monthly payment.

But here’s the catch.

If you lock into that lower interest rate and refinance for another 30-year mortgage, you’re adding time to the loan term. This might not be a big deal if you’ve only been paying off your mortgage for a couple of years. On the other hand, you may end up paying more interest over time, even with the lower rate, if you’re already several years into your current term.

Get your lender to crunch some comparisons for you, or do it yourself using a refinance calculator. That way you know for sure whether you’re really saving money or not.

See also: How Much Does it Cost to Refinance a Mortgage?

Drop Your PMI Coverage

Another time to look into refinancing your mortgage is if you’re paying private mortgage insurance and have reached 20% equity in your home’s value. At that point, you may be able to refinance and drop that PMI contingency.

Since PMI typically costs up to 1% of your loan amount each year, you could save yourself some serious money, especially since it’s not going towards your principal or interest.

As always, be sure to also consider the closing costs that come along with refinancing as well as how much of your loan you’ve already repaid. The financial benefits of the refinance should always outweigh the expenses.

Cash-Out Refinance

Another reason some people want to refinance is to access cash. Maybe they want to fund a home renovation project or pay off debts. A cash-out refinance will allow them to leverage the equity in their house to obtain that cash.

How soon can you refinance your home?

When it comes to refinancing, lenders typically look more at the amount of equity in your home than the length of time you’ve owned it. This is especially true of cash out refinances, which require 20% equity in the home. If you just want to change your interest rate or length of the loan, then you’ll need somewhere between 5% and 10% home equity.

If you’ve already refinanced your home once after the original purchase, your lender might make you wait before doing it again. The industry standard is usually six months, so as long as you’re over that threshold, you shouldn’t have an issue.

Prepayment Penalties

One issue to be aware of, however, is the potential for a prepayment clause in your existing home loan. Although it’s rare these days, this penalty can charge you a large fee if you pay off your mortgage early.

When you refinance, that’s exactly what you’re doing: paying off your old mortgage (and lender) with a new mortgage that could very well be through a new lender. Check your existing loan contract to make sure a refinance won’t come with any unexpected penalties.

How much could you end up paying?

Some prepayment penalty clauses are structured so that you pay 80% of the interest you would owe over the next six months. That can easily amount to thousands of dollars, especially if you’re early in your mortgage with interest-heavy payments.

How to Refinance a Mortgage

Refinancing your home doesn’t happen overnight. In fact, there are several steps involved. Here’s a play by play so you know exactly what to expect.

1. Determine the Type of Refinance You Want

We’ve talked about setting a goal for your refinance and this is a huge part of starting the process. You may want a standard refinance that merely adjusts your interest rate. Or perhaps you want to cash out some of your equity. Alternatively, you may wish to refinance out of an adjustable-rate mortgage to a fixed-rate or switch the length of your term.

2. Check Your Credit Score

Once you know the type of mortgage loan you want, it’s time to start preparing for the process. Knowing your credit score lets you know a bit more what you can expect in terms of loan qualification and interest rates.

Some loan types have absolute minimums, while others are more flexible. Check your credit score upfront so that you can get an idea of whether you meet basic refinance requirements.

3. Estimate Your Home’s Value

Next, you need to get an idea of how much your home is currently worth. The best way to do this is to look at comps in your neighborhood.

Check websites like Zillow and Realtor.com to find out what current sales prices look like, as well as properties that have been recently sold. Take a look at the price per square foot for these homes and apply that number to the square footage of your own home.

Of course, that’s not an absolute. Your home’s true value depends on several factors, including upgrades and lot size. But you can take these things into consideration to get a general idea of what your appraisal value could be.

4. Compare Lenders

You don’t have to refinance with your current mortgage lender. In fact, it’s smart to shop around to find the best loan terms. Compare all the details of your refinance offer. Getting a lower interest rate is definitely important, but you also want to consider potential closing costs and origination fees.

How a lender structures the new loan is also significant and can influence your decision. If you’re trying to save on how much cash you spend upfront, you might prefer a lender who lets you incorporate your closing costs into the loan amount. Alternatively, low interest rates may be the most influential factor when choosing a lender.

5. Get a Loan Estimate

After comparing rates and fees from multiple mortgage lenders, you can get a loan estimate from your top choices. A loan estimate is a form that provides essential information about the terms of a mortgage refinance loan.

It is intended to help borrowers compare different loan offers and make an informed decision about which one is the best fit for them. The loan estimate includes the loan terms, the projected monthly payments, the closing costs, and other charges associated with the loan. It also includes information about the lender, the mortgage broker (if applicable), and the real estate broker (if applicable).

6. Prepare for Your Application

After you pick out a lender with the mortgage rates and terms you like, it’s time to start gathering your documentation for your refinance application. You’ll likely need things like bank statements, tax forms from the last two years, and pay stubs.

Getting all of this paperwork together in advance can save time during the application and underwriting processes.

7. Get Ready for the Appraisal

Part of the mortgage refinance process is to get a professional appraisal on your home. Your lender typically orders this and the fee is usually included in your closing costs. Make sure your home is clean and presentable. You don’t need to make major changes but picking up ahead of time can create a good impression on the appraiser, as can a freshly mowed yard.

8. Anticipate Your Needs for Closing

Closing on a refinance is similar to when you originally closed on your home. Typically, your lender will arrange a meeting with a public notary so you can sign all of your paperwork. You can make this at a time and place that is convenient for you. If the refinanced loan is in both your name and someone else’s, like your spouse’s, then you’ll both need to be present to sign.

Once the paperwork is complete, you’ll start making monthly payments to your new lender as scheduled in your closing documents. Any new terms or rates will also apply so you can start paying down your newly refinanced home loan.

How to Refinance Your Mortgage FAQs

What are the eligibility requirements for a mortgage refinance?

To be eligible for a mortgage refinance, you typically need to have good credit, sufficient equity in your home, and the ability to make the monthly payment on the new loan.

  • Credit score: Lenders typically prefer borrowers with good credit scores when evaluating mortgage refinance applications. A good credit score is generally considered to be above 670, but this can vary depending on the lender. If you have a lower credit score, you may still be able to refinance your mortgage. However, you may be offered less favorable terms, such as a higher interest rate.
  • Equity: To be eligible for a mortgage refinance, you typically need to have sufficient equity in your home. Equity is the portion of your home that you own outright, and it is determined by subtracting the amount you owe on your mortgage from the value of your home. To refinance, you will typically need to have at least 20% equity in your home.
  • Ability to make payments: Lenders will consider your income, debts, and other financial obligations when evaluating your ability to make the monthly mortgage payment on a refinance. You will typically have to provide proof of income, such as pay stubs or tax returns, and you will need a debt-to-income ratio that is within the lender’s guidelines.

In addition to these requirements, you may also need to meet other eligibility criteria, such as being current on your mortgage payments and having no recent bankruptcies or foreclosures.

How do I compare refinancing options?

To compare refinancing options, you can use online mortgage calculators or consult a financial professional or mortgage lender. You should consider the interest rate, terms, and costs of each option.

What are closing costs?

Closing costs are fees that are associated with the process of obtaining a mortgage. They can include fees for appraisals, credit checks, title searches, and other services.

How much do closing costs typically cost?

Closing costs can vary widely depending on the specific loan and lender, but they typically range from 2% to 5% of the loan amount.

Can I refinance my mortgage if I have bad credit?

It may be more difficult to qualify for mortgage refinancing if you have bad credit, but it’s not impossible. You may be able to qualify for a refinancing option with a higher interest rate or with a co-signer.

How long does it take to refinance a mortgage?

Refinancing your mortgage can take anywhere from a few weeks to a few months, depending on the complexity of your situation and the lender’s process. It’s a good idea to start the process as early as possible to ensure that you have enough time to complete it.

Source: crediful.com

Apache is functioning normally

In a world of constantly evolving trends, the whole process of decorating your home can soon start to feel overwhelming. Just as you’ve begun to nail one trend, it can feel as if it’s already out of style. 

But fear not, decorating your home doesn’t need to mean abiding by all the rules of the latest trends. In fact, a more considered approach can result in a far more timeless scheme that doesn’t quickly date and withstands the test of time. 

happy rooms, that turn to the natural world for inspiration, while also prioritizing conscious consumption – steering clear of fast decor. 

5 ways to mindfully decorate your home

The core and underlying message of the following home decor ideas is that your home should be personal to you, ensuring first and foremost that it’s a space that speaks to your own interests, rather than the latest interior design trends. 

‘The most important thing when going about home decor is to prioritize making your space feel most like you: designing a space that is functional while having a personality,’ says interior designer Nicole Lanteri.

Nicole Lanteri

design a home that feels like you.

‘Creating a mindful approach to home decor involves a deliberate and thoughtful selection process for each item that enters your space,’ says interior designer Jennifer Davis. ‘Start by considering the purpose of each piece, ensuring that it serves a functional need or adds aesthetic value without cluttering your surroundings. Quality over quantity is key, prioritize well-made items that will endure over time and appreciate craftsmanship.’

‘Practice mindful consumption by selecting sustainable and ethically produced products, considering their environmental and social impact. Pay attention to the intentional placement of decor items, creating a balanced and harmonious arrangement that enhances the flow of your space. Ultimately, approach home decor with the question of whether each item brings you genuine happiness and contributes positively to your living space.’

Jennifer Davis

decorating with art that means something and practical items are going to serve you well and make your space feel balanced. For example, if you’re styling your coffee table, you might want a decorative tray that holds a framed family photo, a cool sculpture, and daily use items like a scented candle and your TV remotes.’

Well by Design, also recommends making the decorating process as personal as possible for a mindful approach: ‘Incorporate found objects, antiques, and vintage items that bring a sense of joy or recall a special memory. And above all else, don’t just buy to fill a space – slow curation of meaningful items that you actually love is more likely to be treasured longer and kept out of landfills – it’s a win-win for everyone. Fast design is not always the best design.’

3. Choose biophilic design

(Image credit: Nicole Hirsch / Photography Sarah Winchester Studios)

For a mindful home that’s filled with soothing decor ideas and wellness-boosting designs, one of the most important things you can do is embrace biophilic design, which is all about referencing nature through the elements you interact with. 

‘Incorporating biophilic design elements can contribute to creating a mindful home,’ explains Sarah Barnard, founder of wellness-led design studio Sarah Barnard Design. ‘Nature-inspired patterns, color palettes, and materials connect interior spaces with the landscape outside, mirroring the sense of calm and wellbeing we experience in the natural world.’

Another way you can reference nature in your home decor is by opting for natural materials, which will instantly bring a feeling of nature indoors while withstanding daily wear and tear. Designer Cinzia Moretti, Creative Director at Moretti Interior Design explains: ‘My top tip is to start by paying attention to the details around and introducing more natural elements such as wood, stone, wool, cotton and rattan. Integrating these into furniture and decor items can help to get us connected harmoniously with nature and help us to get close to our environment.’

4. Embrace minimalism

(Image credit: deVOL Kitchens)

‘Embrace minimalism by de-cluttering and simplifying your space, focusing on a few key pieces that bring you joy and contribute positively to the atmosphere,’ suggests Jennifer Davis. 

Of course, you don’t need to be a true minimalist to follow a mindful approach throughout your home decor. Whether you’re a fan of pared-back schemes or you love decorating with patterns and color, make sure to maintain a calm environment by de-cluttering items that no longer serve a purpose or add to your home’s visual appeal. A clean home that’s free from excessive amounts of decorative items is bound to positively affect your mood and help establish a feeling of order and calm, especially important in rooms such as the bedroom.

As a starting point, consider how you can improve your storage ideas to ensure a sense of order throughout your home, which will make this concept a lot easier to follow: ‘Think about what storage options work best for you, a clutter-free home promotes calm and mindfulness,’ advises Sarah Barnard.

5. Maximize natural light

(Image credit: Julie Soefer)

And lastly, when prioritizing mindfulness throughout your home decor, make sure to always pay close attention to lighting ideas. Maximizing natural light will further connect your home to the natural world, in turn having a positive impact on your mood. And while the dream is for each room throughout our homes to have lovely light streaming in throughout the day, this isn’t always the case. If you’re relying on artificial lighting to create a restful atmosphere, incorporate different sources for a more relaxed look, as Lauren Sullivan suggests: 

‘Access to natural light is a must, but if this isn’t a feasible option, be sure to incorporate lighting from multiple sources for ambiance and a sense of coziness. Don’t ever rely solely on overhead lighting to illuminate a room. Decorate with mirrors to reflect light about a space.’

Decorating a home mindfully isn’t something that can be rushed. It’s about slowly curating a home over time that naturally evolves to reflect personality and a style that lasts beyond trend cycles. By keeping these five ideas front of mind when decorating your home, over time you’ll create a calming space that feels both personality-led and considered. 

Source: homesandgardens.com