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Today we’ll check out newcomer “Revolution Mortgage,” which is looking to shake up the home loan business by creating a “collaborative and meaningful consumer lending experience.”

Their ultimate goal is to become the most consumer-friendly brand in the mortgage space, something they believe can be achieved by being authentic, kind, different, relevant, and simply doing the right thing.

So far, their customer reviews have been stellar, which tells me they’re doing something right and could be well on their way to reaching that ambitious goal of theirs.

Revolution Mortgage Fast Facts

  • Direct mortgage lender that offers home purchase loans and refinances
  • A DBA of parent company T2 Financial, LLC
  • Founded in 2019, headquartered in Westerville, Ohio
  • Has 33 branch locations nationwide and employs nearly 200 loan officers
  • Goal is to be the most consumer-friendly mortgage brand in the country

Revolution Mortgage is a direct-to-consumer retail mortgage lender, which means they work with borrowers directly both in-person at branches and remotely online.

They offer home purchase loans and refinance loans, with the former probably their specialty as HMDA data shows their parent company T2 Financial, LLC had a 75% purchase loan share in 2019.

But they also offer rate and term refinances and cash out refinances to existing homeowners, so they’re happy to serve both first-timers and long-time homeowners.

At the moment, Revolution Mortgage is licensed in 20 states, including Arizona, California, Colorado, Florida, Illinois, Indiana, Kentucky, Maryland, Michigan, Minnesota, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, and Wisconsin.

The company also has 33 physical locations sprinkled across the United States, with some branches as far west as Colorado. So if you like to do business in-person, they could be a good fit.

How to Apply with Revolution Mortgage

  • You can apply online, over the phone, via their smartphone app, or even at a branch
  • They offer a digital mortgage application that lets you complete most tasks electronically
  • Borrowers can securely scan/upload documents and eSign disclosures from a smartphone device
  • And message their loan officer instantly whenever they have questions or want status updates

One plus to using Revolution Mortgage is the ability to apply for a mortgage in just about every way imaginable.

It’s possible to start your application online on your own, via their mobile app, over the phone, or in-person. So no matter your approach, there’s an option that will fit your unique personality.

To get started, you can visit their website and click on Apply, at which point you’ll be prompted to fill out a short lead form with your contact information.

Alternatively, you can call them directly or browse their online loan officer directory to find someone specific to work with.

Once you do, it’s possible to apply directly from their website, or you can download their free smartphone app and go about it that way.

Those who dare can also visit a local Revolution Mortgage branch and apply for a mortgage in-person.

Regardless of how you apply, you’ll be able to manage your loan via the online borrower portal or the app, and perform most tasks paperlessly.

You can also message your loan officer instantly whenever you have questions, and opt in to status updates to stay on top of your loan progress.

To sum it up, you have pretty much every option under the sun to apply, and you get to take advantage of the latest mortgage technology available.

Loan Programs Available at Revolution Mortgage

  • Home purchase loans
  • Refinance loans: rate and term and cash out
  • Home renovation loans
  • Conforming loans
  • Jumbo loans
  • FHA loans
  • VA loans
  • USDA loans
  • Fixed-rate mortgages and ARMs available in a variety of loan terms

While Revolution Mortgage doesn’t appear to have any unique loan programs, they do seem to have all the basic offerings most borrowers seek.

This includes home purchase loans, refinance loans, and home renovation loans, which are available on all major property types and occupancy types.

You can get a conforming loan backed by Fannie/Freddie, or a jumbo home loan if your loan amount exceeds your county’s limit.

Additionally, they offer the full slate of government loan options, including FHA, VA, and USDA loans, which means it’s possible to get mortgage with no money down.

And while most borrowers will go with a 30-year fixed mortgage, they also offer the 15-year fixed and adjustable-rate mortgages such as the 7/1 ARM.

Ultimately, you should be able to find what you’re looking for unless you have a very unique loan scenario.

Revolution Mortgage Rates

One slight negative to Revolution Mortgage is the fact that they don’t publicize their mortgage interest rates on their website.

Some lenders do, some don’t, but it’s always nice to get a taste for pricing, even if it’s merely just a sample.

While they say they leverage technology to boost efficiencies and provide you with a lower rate, it’s unclear how low, and more importantly, how competitive it is compared to other lenders out there.

The only hint we have comes via Bankrate, where Revolution Mortgage tends to advertise its rates to the public.

At last glance, they had some of the lowest interest rate and mortgage point combinations on the platform, so they appear to be competitively priced.

Of course, loan scenarios can vary so you’ll need to get in touch with a Revolution Mortgage loan officer to obtain pricing first.

But from what I saw, the pricing is at least encouraging, and if the customer service is also stellar, it could be a good combo.

Lastly, be sure to inquire about lender fees to determine if they charge a loan origination fee, or fees for tasks like loan processing or underwriting.

Once you know all those details, you can effectively shop your loan by using the mortgage APR.

Revolution Mortgage Reviews

On Zillow, Revolution Mortgage has a very impressive 4.95-star rating out of a possible 5 from over 300 customer reviews, which is as close to perfection as you can get.

Many of the reviews indicated that both the interest rate and fees/closing costs were lower than expected, a good sign for those looking for a competitively-priced home loan.

Over at Google, they have a 4.7-star rating from about 270 reviews, and on Bankrate a 4.5-star rating from about 40 reviews.

They also have a perfect 5-star rating on LendingTree, albeit from just under 20 reviews. They also boast a 100% recommended score on LendingTree.

Lastly, they are an accredited business with the Better Business Bureau and currently have an ‘A’ rating based on customer complaint history.

In summary, Revolution Mortgage appears to be living up to their pledge to be the most consumer-friendly brand in the mortgage space, and if they also offer low rates, they could be a great choice for your home loan needs.

They provide a ton of different ways to apply, whether it’s online, in-person, or via their free smartphone app, so they should have an approach to suit all personality types.

Revolution Mortgage Pros and Cons

The Good Stuff

  • Offer a digital mortgage application process
  • Can apply in a variety of different ways including in-person
  • Lots of different home loan program to choose from
  • Excellent customer reviews across all ratings websites
  • An accredited business with an ‘A’ BBB rating
  • 33 physical branch locations throughout the country
  • Free smartphone app

The Maybe Not

  • Only licensed in 20 states currently
  • Do not publicize mortgage rates or lender fees
  • May not service your loan after closing

(photo: mario)

Source: thetruthaboutmortgage.com

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Borrowers’ demand for home loans slowed down last week as mortgage rates increased to their highest level in two months. This time the source of volatility is not the Federal Reserve’s tightening monetary policy but ongoing discussions to raise the U.S. statutory debt ceiling in Congress.

Secretary of the Treasury Janet Yellen sent a letter to all members of Congressional leadership on Monday saying the federal government will likely no longer be able to satisfy its obligations if Congress has not acted to raise or suspend the debt limit potentially as early as June 1. The impasse, however, is already impacting the economy, Yellen wrote.

“We have learned from past debt limit impasses that waiting until the last minute to suspend or increase the debt limit can cause serious harm to business and consumer confidence, raise short-term borrowing costs for taxpayers, and negatively impact the credit rating of the United States,” Yellen wrote in the letter. 

“In fact, we have already seen Treasury‘s borrowing costs increase substantially for securities maturing in early June. If Congress fails to increase the debt limit, it would cause severe hardship to American families, harm our global leadership position, and raise questions about our ability to defend our national security interests.” 

In the mortgage market, the latest Mortgage Bankers Association  (MBA) data published on Wednesday morning showed that loan applications decreased by 5.7% for the week ending May 12, 2023, compared to one week earlier. The survey, conducted weekly since 1990, covers over 75% of all U.S. retail residential mortgage applications.

Borrowers’ demand followed an increase in mortgage rates. The average 30-year fixed rate for conforming loans ($726,200 or less) rose to 6.57% last week from 6.48% the previous week. For jumbo loan balances (greater than $726,200), the rate grew to 6.46% from 6.33% in the same period, according to the MBA.   

At Mortgage News Daily, rates were even higher on Tuesday afternoon, at 6.69%, up two basis points from the previous day. 

“Mortgage rates increased last week even as Treasury yields were essentially flat, with the spread between the two rates widening to 310 basis points,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement. “Mortgage application activity slowed, as most mortgage rates in the survey increased, with the 30-year fixed rate jumping nine basis points to its highest level in two months.” 

Mortgage loan types

According to the MBA, refinancing applications declined 8% from the previous week and were 43% lower than the same week one year ago. Refis comprised 27.4% of the total applications last week, compared to 28% the prior week. 

According to Kan, “Most borrowers have lower rates on their mortgages, and those who are in the market are extremely rate sensitive.”

On Monday, a new Federal Reserve Bank of New York report showed that, from the second quarter of 2020 to the fourth quarter of 2021, 14 million mortgages were refinanced, accounting for nearly one-third of the outstanding mortgage balances.  

Meanwhile, purchase applications decreased 4.8% from one week earlier and were 26% lower than last year’s levels, as “buyers remain wary of this rate volatility, but also as for-sale inventory in many parts of the country remains scarce,” according to Kan. 

Regarding loan types, the adjustable-rate mortgage (ARM) share of mortgage apps decreased to 6.5% of total applications last week from 6.8% in the previous week, the MBA data shows. 

The Federal Housing Administration loans’ share fell to 12% from 12.1% the week prior. The U.S. Department of Veteran Affairs loans’ share decreased to 12.2% from 12.9% in the same period. And the U.S. Department of Agriculture loans’ share remained at 0.4% of the total applications.   

Source: housingwire.com

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Myrtle Beach is one of the most popular vacation destinations on the East Coast of the United States, and for good reason. With its stunning beaches, family-friendly attractions, and fantastic dining and shopping options, it’s no surprise that millions of visitors flock to this South Carolina city each year.

When it comes to choosing the perfect place to stay, there are plenty of options to suit every traveler’s style and budget. Whether you’re looking for a luxurious resort experience, a cozy beachfront condo or a budget-friendly hotel room, Myrtle Beach has it all.

Here are some of the best hotels in the bustling Southern beach town.

Marina Inn at Grande Dunes

Myrtle Beach, South Carolina, USA

THE MARINA INN AT GRANDE DUNES/FACEBOOK

Best for: Travelers looking for an all-around well-balanced experience.

Why stay here: The Marina Inn at Grande Dunes is centrally located between North and South Myrtle Beach, and the property’s award-winning WaterScapes Restaurant is worth the stay alone.

Best way to book: Book directly for the best rates and packages, or through your favorite credit card travel portal.

Situated by the serene waters of the marina, the Marina Inn at Grande Dunes boasts a luxurious experience for every guest.

With warm and inviting rooms adorned with high-thread-count linens, en suite bathrooms and private terraces overlooking the marina or water, relaxation is inevitable. Studios and suites come equipped with kitchenettes or full kitchens, perfect for guests seeking an extended stay.

As the sun sets, guests can indulge in the evening turndown service, setting the stage for a peaceful night’s sleep. In addition, the hotel offers an impressive golf course, indoor and outdoor pools, and a 24-hour fitness center.

Beach lovers can bask in the sun on the hotel’s private stretch of sand. On-site activities like water sports, nature trails and tennis courts ensure guests will never have a dull moment. The hotel’s spa offers a range of treatments for those seeking some R&R, although at an additional charge.

When it’s time to eat, sample local seafood, burgers and salads at the hotel’s signature restaurant WaterScapes, or enjoy a cocktail and light bites waterside at Anchor Cafe or Reflections.

Rates for the Marina Inn at Grande Dunes start at $126 or 15,200 Stash Hotel Rewards points a night.

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Ocean Reef Resort

Myrtle Beach, South Carolina, USA

THE OCEAN REEF RESORT/FACEBOOK

Best for: Families with kids who love water parks.

Why stay here: A lazy river, water park and easy access to the beach make Ocean Reef a great place for the entire family.

Best way to book: Book directly for the best rates and packages, or through your favorite credit card travel portal.

Just 6 miles from the bustling Myrtle Beach Boardwalk and Broadway at the Beach, Ocean Reef Resort is a casual, high-rise resort that offers a laid-back atmosphere.

The bright and airy rooms, many with balconies offering stunning ocean views, are stylish yet practical with minifridges, microwaves and coffee makers. Suites and condos provide extra space thanks to living areas with pull-out sofa beds and kitchen facilities, while a few units also offer whirlpool tubs.

In-room Wi-Fi is available in all quarters. Additionally, the resort provides a range of amenities to keep guests entertained. There’s a water park and play area, an indoor pool, a seasonal kids club and beach volleyball courts.

Complimentary DVD rentals and tickets to select local attractions are available. On-property food options include a breakfast buffet at Cafe du Port and casual bites and drinks at the poolside Banana Boat Lounge.

Rates for Ocean Reef Resort start at $99 a night.

Island Vista Resort

Myrtle Beach, South Carolina, USA

THE ISLAND VISTA/FACEBOOK

Best for: Travelers who want a quiet, sustainability-focused resort.

Why stay here: The Island Vista is a restorative resort along a more secluded section of the beach.

Best way to book: Book directly for the best rates and packages, or through your favorite credit card travel portal.

Set against a gorgeous ocean backdrop, the relaxed beachfront Island Vista Resort is the epitome of laid-back luxury.

Within 4 miles of the buzzing Broadway at the Beach and the enchanting Ripley’s Aquarium, the resort’s prime location offers guests the perfect blend of city and seaside.

Each of the resort’s comfortable rooms features a private balcony, flat-screen TV, complimentary Wi-Fi and convenient in-room amenities such as microwaves, coffee makers and minifridges.

For those seeking an extra touch of luxury, upgraded rooms provide awe-inspiring views of the sparkling ocean, while the spacious one- to four-bedroom suites feature full kitchens, living rooms and whirlpool tubs in some upgraded suites.

From casual oceanfront dining in the Cypress Room to poolside sandwiches and salads at Tiki Hut, guests will be well sated. The resort also boasts indoor and outdoor pools, hot tubs, a lazy river and a serene beachfront deck, providing endless opportunities to unwind in style.

For those who want to stay active, the modern gym provides all the necessary equipment, while the on-site spa offers indulgent treatments.

Rates for Island Vista Resort start at $127.50 a night.

Marriott Myrtle Beach Resort Grande Dunes

Myrtle Beach, South Carolina, USA

MARRIOTT MYRTLE BEACH RESORT AND SPA AT GRANDE DUNES/FACEBOOK

Best for: Families that want to pursue their individual interests during the day and relax together at night.

Why stay here: The whole family can choose among championship golf courses, wellness treatments, gourmet cuisine and more.

Best way to book: Book directly with Marriott to earn or redeem Marriott Bonvoy points and enjoy any elite benefits.

This impressive oceanfront property offers guests an array of upscale amenities. Opulent rooms at the Marriott Myrtle Beach Resort & Spa at Grande Dunes are tastefully decorated and well appointed with desks, flat-screen TVs with HD channels and coffee makers.

Some rooms feature private balconies with stunning views of the surrounding area. The hotel’s impressive amenities include indoor and outdoor pools, a 24/7 fitness center and multiple dining options. Wi-Fi is available for an additional fee.

Guests can indulge in culinary delights at the hotel’s four distinctive food and beverage outlets, including all-day dining at Ocean’s on 82nd, or relax with a cocktail at the chic bar. There are tennis courts, a high-end spa with a whirlpool, and beach access, providing almost limitless opportunities for relaxation and rejuvenation.

For business travelers or those looking for event space, the hotel offers 45,000 square feet of flexible meeting space and a business center. A breakfast buffet and parking are available for an additional fee.

Rates for the Marriott Resort & Spa at Grande Dunes start at $185 or 40,000 Marriott Bonvoy Points per night.

North Beach Resort & Villas

Myrtle Beach, South Carolina, USA

NORTH BEACH RESORTS AND VILLAS/FACEBOOK

Best for: Visitors desiring access to a private secluded beach and spacious living accommodations.

Why stay here: North Beach Resort & Villas (formerly the North Beach Plantation) features elegant architecture and private beach access.

Best way to book: Book directly for the best rates and packages, or through your favorite credit card travel portal.

Upon arrival, guests are greeted by a grand lobby that exudes elegance and sophistication. The ambiance is warm and inviting, with plush seating areas and a sparkling chandelier that casts a beautiful glow. The staff is friendly and welcoming, setting the tone for an unforgettable stay.

North Beach Resort & Villas offers a range of exquisite rooms and suites, each with modern amenities and tasteful decor. The rooms are spacious and comfortable, featuring plush furnishings, flat-screen TVs and balconies or patios that offer ocean views. The suites are equally impressive, with fully equipped kitchens, dining areas and whirlpool tubs.

It’s the resort’s amenities that truly set it apart, though. The outdoor pool area is an oasis of relaxation, with a lazy river, hot tubs and plenty of lounge chairs for basking in the sun. The poolside cabanas offer a luxurious retreat from the heat, with comfortable seating and flat-screen TVs to entertain.

The fitness center offers modern equipment and plenty of natural light, while the spa has skilled therapists and rejuvenating treatments. The on-site restaurants, including the acclaimed 21 Main Prime Steakhouse, offer delectable dining experiences.

A significant downside for some is that the property is 25 minutes from the main boardwalk.

Rates for North Beach Resort & Villas start at $149 per night.

Anderson Ocean Club and Spa

Myrtle Beach, South Carolina, USA

THE ANDERSON OCEAN CLUB AND SPA/FACEBOOK

Best for: Travelers who want a resort in the center of Myrtle Beach focused on health and wellness.

Why stay here: In addition to being in the center of Myrtle Beach, the Anderson Ocean Club and Spa provides guests access to its full-service spa.

Best way to book: Book directly for the best rates and packages, or through your favorite credit card travel portal.

This classic all-condo resort boasts luxurious studios and one-, two- and three-bedroom suites, each designed to offer you the comforts of home.

Anderson Ocean Club and Spa provides an array of convenient amenities, including a fully equipped kitchen and a washer and dryer in each unit, so you can make yourself at home and easily prepare a quick meal or do laundry during your stay.

When you’re ready to step outside your room, the resort offers plenty to keep you entertained, such as indoor and outdoor pools, a lazy river, a hot tub and an oceanfront bar.

Awakening Spa is a resort highlight. Its menu features a variety of treatments like the Chamomile Azulene facial and the deep tissue muscle recovery massage. For those who prefer to stay active, the resort is close to nationally recognized golf courses, restaurants and other popular attractions.

Guests also have easy access to Broadway at the Beach and Pine Lakes Country Club, as well as restaurants, shopping and other entertainment venues.

Rates for Anderson Ocean Club and Spa start at $224 or 119,000 Hilton Honors points per night.

Dunes Village Resort

Myrtle Beach, South Carolina, USA

THE DUNES VILLAGE RESORT/FACEBOOK

Best for: Families with kids who want access to Myrtle Beach’s largest indoor water park.

Why stay here: While kids will enjoy the best indoor water slides in Myrtle Beach, adults can relax, thanks to the resort’s quiet location away from the city’s center.

Best way to book: Book directly for the best rates and packages, or through your favorite credit card travel portal.

With free parking and convenient access to Myrtle Beach’s top attractions — just 3 miles from Myrtle Beach Boardwalk — Dunes Village Resort is a top pick for families. The resort also features not one but two indoor water parks with exciting waterslides, a lazy river and even water volleyball and basketball for the more adventurous.

The accommodations are equally impressive, with unfussy rooms offering ocean-view balconies, kitchenettes and comfortable pull-out sofa beds. For those seeking more space and amenities, one- to four-bedroom condos are the way to go. They come with separate living and dining areas, fully equipped kitchens and luxurious whirlpool tubs.

The resort also offers plenty of on-land diversions — a spa, sports and games facilities, two restaurants, a tiki bar and a coffee shop. Want to chill by the pool? Rent a private cabana and level up your poolside experience.

Rates for Dunes Village Resort start at $79 a night.

Marriott’s OceanWatch Villas at Grande Dunes

Myrtle Beach, South Carolina, USA

MARRIOT OCEANWATCH VILLAS AT GRAND DUNES/MARRIOTT

Best for: Families and groups desiring privacy and spacious living accommodations.

Why stay here: Exclusive beach access, an on-site grocery store and private balconies make stays here incredibly convenient — and there’s plenty of space for groups to spread out.

Best way to book: Book directly with Marriott to enjoy elite benefits.

Just a stone’s throw away from the beach, this property offers ocean views, spacious villas and an array of amenities catering to families and couples.

Each villa at Marriott’s OceanWatch Villas at Grande Dunes exudes a sense of modern elegance with its contemporary furnishings, plush bedding, full kitchens and private balconies. The one-, two- and three-bedroom villas can accommodate up to 10 guests and provide a home-away-from-home feel.

Families will love the multiple pools, lazy river and children’s pool, where one can indulge in “aqua-tainment.” Several hot tubs provide the perfect relaxation spot after a long day at the beach. For those who prefer land-based activities, the on-site golf course is a great place to hone one’s swing or take a short drive to other popular courses.

The property also provides easy access to the beach, where guests can revel in numerous water activities, such as parasailing, kayaking and fishing. Resort dining includes the full-service Woodsy Grill & Pool Bar and casual poolside Sand Dollar Grille. Stock up on snacks and groceries at Marketplace Express.

Craving relaxation? Head to the on-site spa for a range of treatments to rejuvenate your body and soul. Guests can stay active at the on-site fitness center.

Rates for Marriott’s OceanWatch Villas at Grande Dunes start at $332 a night. Marriott Bonvoy points are not applicable at this location.

Sea Crest Oceanfront Resort

Myrtle Beach, South Carolina, USA

SEA CREST OCEANFRONT RESORT/FACEBOOK

Best for: Visitors on a budget who want to avoid parting from their pets.

Why stay here: The resort is pet-friendly, affordable and, thanks to its central location, may just be the best value for your dollar in Myrtle Beach.

Best way to book: Book directly for the best rates and packages, or through your favorite credit card travel portal.

This resort offers a variety of accommodations to meet the needs of any party size, from standard efficiencies to spacious one-bedroom suites, all of which have been recently renovated with modern amenities.

Most units at Sea Crest Oceanfront Resort feature kitchenettes or full kitchens, free Wi-Fi and private balconies. With nine pools, two indoor Jacuzzis, lazy rivers and a kiddie-size interactive aquatic playground, guests can enjoy various activities for all ages.

The resort also offers an exercise room, free tennis at a local club and discounts at top area golf courses. Food and beverage options are plentiful, with the Malibu Beach Bar and Oceanfront Snack Shack serving delicious drinks and bites. In addition, the Beach Java Cafe offers a variety of light snacks, coffee and breakfast options.

Guests can also take advantage of the convenience store and gift shop or purchase discounted tickets to local attractions. Beyond the resort, the Myrtle Beach Boardwalk is just a mile away and offers a wide selection of restaurants, shopping and entertainment options.

The Family Kingdom amusement park is also nearby and ideal for family fun, with rides and attractions for all ages. Local favorite eateries like Manny’s Deli and Subs, Loco Gecko and Captain Benjamin’s Calabash are convenient, too.

Rates for Sea Crest Oceanfront Resort start at $59 for a one-room, one-night stay.

The Strand

Myrtle Beach, South Carolina, USA

THE STRAND/FACEBOOK

Best for: Travelers looking for a modern and hip design in the center of Myrtle Beach’s attractions.

Why stay here: The Strand is smartly designed with sleek finishes, modern furnishings and oceanfront balconies that add to its upscale feel.

Best way to book: Book directly for the best rates and packages, or through your favorite credit card travel portal.

One mile from the iconic SkyWheel Myrtle Beach and 5 miles from Myrtle Beach International Airport, The Strand is a low-key property in the popular beach town.

Rooms feature airy, beach-inspired decor with ocean views from furnished balconies. Studios come with a kitchenette and washer-dryer. The one- and two-bedroom suites and condos add separate living rooms and pull-out sofa beds, making them ideal for families or groups of friends.

Start your day here with a complimentary deluxe hot breakfast served in the casual Market Restaurant. After, relax on the beachfront sun deck with private cabanas, take a refreshing dip in the outdoor pool or soak in the hot tub.

Fitness enthusiasts will enjoy the well-equipped exercise room. Guests can also take advantage of the spacious, convenient, covered parking across the street.

Rates for The Strand start at $105 a day for one room.

Homewood Suites by Hilton Myrtle Beach Oceanfront

Myrtle Beach, South Carolina, USA

HOMEWOOD SUITES BY HILTON MYRTLE BEACH OCEANFRONT/HILTON

Best for: Ocean lovers who want to stay in a hotel directly on the beach.

Why stay here: Sleep on the beach, why don’t you? Homewood Suites by Hilton allows guests to stay as close to the rolling waves as possible without getting sand in their ears.

Best way to book: Book directly with Hilton to earn or redeem Hilton Honors points and enjoy elite benefits.

Homewood Suites by Hilton Myrtle Beach Oceanfront boasts a prime location just an 11-minute stroll from the famous SkyWheel, and only 3 miles away from the Hollywood Wax Museum and Myrtle Beach International Airport.

Rooms with city or ocean views are bright and airy and offer modern amenities such as free Wi-Fi, flat-screen TVs, microwaves and minifridges. Families and larger groups will love the one- to two-bedroom suites equipped with sofa beds and kitchenettes, offering a perfect spot to whip up a quick meal while enjoying incredible Atlantic Ocean views.

Guests have access to a range of fun activities such as a water park with slides, poolside games and contests, board games, pool, foosball, pingpong tables and beach towel service (included in the daily resort fee).

A stay here also comes with complimentary breakfast and parking. An indoor water park, game room and gym are ideal for active guests. For food, Coconut Charlie’s Beach Bar serves coastal-American dishes (tacos, fresh seafood and boozy slushies). Hersheys Shake Shop is the spot for cool sweet treats.

Rates for Homewood Suites by Hilton Myrtle Beach Oceanfront start at $179 or 54,000 Hilton Honors points a night.

Ocean 22, a Hilton Grand Vacations Club

Myrtle Beach, South Carolina, USA

HILTON GRAND VACATIONS CLUB OCEAN 22 MYRTLE BEACH/HILTON

Best for: Hilton loyalists seeking family-friendly luxury.

Why stay here: Families will enjoy direct access to the beach, 24-hour concierge service, a kids activity center and poolside games like cornhole without leaving the property.

Best way to book: Book directly with Hilton to earn or redeem Hilton Honors points and enjoy elite benefits.

For those looking to explore the area’s stunning golf courses, lively country music clubs and exciting entertainment options, Hilton Grand Vacations Club Ocean 22 Myrtle Beach’s central location makes it the perfect base for your Myrtle Beach adventures.

Broadway at the Beach is nearby, and guests can indulge in various shopping, dining and entertainment options at their fingertips. Also convenient, the iconic Myrtle Beach Boardwalk is a must-visit attraction for any beach lover. This bustling beachfront promenade is home to lively bars, beachfront eateries, souvenir shops, thrilling rides and an arcade.

With so much to see and do, guests can spend hours exploring all the boardwalk offers. The hotel’s location, just two blocks from the Myrtle Beach Convention Center, makes it the perfect choice for business travelers attending events and conferences in the area.

Guests can retreat to their spacious one-, two- or three-bedroom suite with a fully equipped kitchen and a large master bedroom. Relax and enjoy partial or full Atlantic Ocean views from your open balcony.

Rates for Hilton Grand Vacations Club Ocean 22 Myrtle Beach start at $150 or 71,000 Hilton Honors points a night.

Source: thepointsguy.com

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You can’t have top-tier colleges without picturesque college towns

Maryland is home to some of the most prestigious colleges and universities in the country. In this article, we’ll explore the best college towns in Maryland, which offer a delightful combination of academic excellence, cultural richness and professional opportunities. College Park, Chestertown, Baltimore, Frederick and Towson are just a few examples of the best college towns in Maryland, and we’ll dive into what makes each one unique.

College Park is a vibrant town located just outside of Washington, D.C. and home to the University of Maryland. This flagship institution is well-known for its cutting-edge research, strong athletics programs and a wide range of academic avenues. College Park itself is an attractive place for students and longtime locals alike thanks to its convenient location, great public transportation system and thriving local economy.

One of the main attractions of College Park is its proximity to Washington, D.C. Students here have easy access to internships, job opportunities and cultural experiences in the nation’s capital. Furthermore, College Park has a variety of restaurants, bars and entertainment options that cater to the college crowd.

The town’s commitment to sustainability and green initiatives also makes it an appealing choice for environmentally conscious individuals. Not to mention a more affordable rent average compared to

Chestertown is situated on the picturesque Chester River on Maryland’s Eastern Shore. This idyllic setting is home to Washington College, a small liberal arts institution with a strong sense of community. Chestertown’s rich history, dating back to the 18th century, adds to the town’s allure, making it a great place to study and live.

Chestertown is a haven for those who appreciate the arts, as it hosts numerous gallery shows, theatrical events and live music throughout the year. The town’s waterfront location also provides ample opportunity for boating, fishing and kayaking. Furthermore, the lively farmers market, boutique shops and cozy cafes give Chestertown a warm, small-town charm that’s hard to resist.

Baltimore is home to numerous colleges and universities, including the esteemed Johns Hopkins University, Loyola University Maryland and the Maryland Institute College of Art. As one of the best college towns in Maryland, Baltimore provides a diverse urban experience with a rich culture, exciting nightlife and a thriving food scene.

Baltimore’s Inner Harbor is a popular destination for locals and tourists alike, with attractions including the National Aquarium, the Maryland Science Center and various shops and restaurants. The city’s many distinctive neighborhoods, like Fells Point, Federal Hill and Hampden, offer individually unique charm and a variety of entertainment options for students and residents. Furthermore, Baltimore’s numerous museums, historic sites and art galleries provide endless opportunities for cultural enrichment and artistic inspiration.

Located in western Maryland, Frederick is a historic town that’s home to Hood College and Frederick Community College. With its stunning architecture and lively arts scene, Frederick offers a unique blend of small-town charm and urban sophistication. The town’s bustling downtown area is lined with local shops, art galleries and an array of dining options, making it a popular destination for students and full-time residents.

Frederick’s commitment to preserving its history is evident in its beautifully restored 18th and 19th-century buildings, which provide a picturesque backdrop for four years of higher education. Events like the Frederick Festival of the Arts, In the Street Festival and the Maryland Craft Beer Festival make Frederick an exciting place to live and study.

Outdoor enthusiasts will also appreciate the town’s proximity to the Catoctin Mountains and the numerous parks and trails in the area.

A suburb located just north of Baltimore, Towson is another contender for the title of one of the best college towns in Maryland. Towson University, the second-largest university in the state, is at the heart of this thriving community. The campus features state-of-the-art facilities and a wide range of academic programs, making it an attractive option for students seeking a quality education in a cool Maryland community.

Towson offers a perfect blend of urban and suburban living, with a vibrant downtown area featuring shops, restaurants and plenty of entertainment options. The Towson Town Center, one of the largest shopping malls in the region, attracts shoppers from across the state. Additionally, the town’s numerous parks provide a welcome respite from the hustle and bustle of daily life.

Another town worth considering is Salisbury, a picturesque town located on the Eastern Shore of Maryland. Salisbury is home to Salisbury University, a public institution known for its strong liberal arts and business programs. The town has a laid-back atmosphere, with plenty of outdoor activities available due to its proximity to the Wicomico River and the Chesapeake Bay.

Downtown Salisbury has seen a revival in recent years, with new shops, restaurants and galleries popping up all the time. The town hosts various events and festivals throughout the year, including the Maryland Folk Festival which showcases local artists and musicians.

Finally, we have Annapolis, the state capital of Maryland, which is home to the United States Naval Academy and St. John’s College. This historic seaport town is well-known for its colonial architecture, cobblestone streets and waterfront location along the Chesapeake Bay. Annapolis offers a rich cultural experience, with numerous museums, art galleries and historic sites to explore.

Annapolis’ thriving downtown area features a wide variety of restaurants, boutiques and cafes that cater to students and residents. The town also boasts a lively arts and music scene, with events like the Annapolis Film Festival and Maryland Day hosted locally.

Make a Maryland college town your home

The best college towns in Maryland offer a diverse range of experiences for students and residents alike. From the bustling urban life of Baltimore to the charming waterfront town of Chestertown, each of these towns has its unique charm and appeal. College Park, Frederick and Towson provide additional options for those seeking a balance between urban and suburban living, while Salisbury and Annapolis offer picturesque settings with rich histories.

Maryland’s college towns boast excellent educational institutions, thriving arts and culture scenes and a wide array of recreational opportunities.

Whether you’re a prospective student, a proud alumnus, or simply looking for a new place to call home, consider exploring the best college towns in Maryland to find the perfect community for your needs.

Source: rent.com

Apache is functioning normally

There’s been some discussion recently among moneybloggers about writing more for those who earn the minimum wage, and for those who face other financial difficulties. This is a good thing. But all this talk made me wonder: How prevalent is the minimum wage? Who works minimum wage jobs? I decided to do some research.

According to the U.S. Department of Labor, the median annual income of a U.S. worker is $32,140. Federal minimum wage is currently $5.85 an hour, or about $11,500 per year — just above the poverty line. Of the 76.5 million people paid by the hour in the United States in 2006, 2.2% make minimum wage or less. Here are some generalizations we can make about minimum wage workers:

  • Most minimum wage earners are young. While 2.2% of all hourly workers earn minimum wage or less, just 1.4% of workers over the age of 25 are paid at or below the Federal minimum wage. More than half (51.2%) of minimum wage workers are between 16 and 24 years old. Another 21.2% are between 25 and 34.
  • Most minimum wage earners work in food service. Nearly two-thirds of those paid minimum wage (or less) are food service workers. Many of these people receive supplemental income in the form of tips, which the government does not track.
  • Most minimum wage earners never attended college. Just 1.2% of college graduates are paid the minimum wage. If you only have a high school degree, you’re more likely (1.9%) to be paid minimum wage. Those without a high school degree are nearly three times as likely (3.7%) to earn minimum wage. 59.8% of all minimum wage workers have no advanced education.
  • Finally, as you might expect, part-time workers are five times more likely to be paid the minimum wage than full-time workers.

You can find more information at the official characteristics of minimum wage workers page, and in the page of data tables. Also, the Department of Labor has a map that shows how state minimum wage rates compare to Federal minimum wage rates:

These statistics mirror my own experience. When I earned minimum wage, I was working on farms or in restaurants. I was young. The other people I knew who earned minimum wage were also young. As an adult, I’ve known a few people who earned at (or just above) minimum wage. These people have usually lacked a college education. In many cases, they were actually working toward some sort of degree while they worked their minimum wage job. Most people don’t see a minimum wage job as an end, but as a means to an end.

That’s not to say that there aren’t those who aren’t stuck in bad situations. Research from the U.S. Bureau of Labor Statistics indicates:

Many workers begin their post-school careers in jobs paying the minimum or something close to it, but…the vast majority of workers move on to higher paying jobs as they accumulate experience. However, there is a nontrivial fraction of workers who spend substantial portions of their early careers consistently working in minimum wage jobs. […] Less educated persons, blacks, women with young children, and workers who reside outside of urban areas are much more likely to have such minimum wage careers.

The percentage of hourly workers paid at or below the Federal minimum wage has declined steadily (and significantly) since the numbers were first tracked in 1979. In 1980 and 1981, 15.1% of workers were paid at or below the minimum wage. In 2006, just 2.2% of workers were paid at or below the minimum wage. (A strong argument could be made that the minimum wage has failed to keep pace with the cost of living, and that employers have been raising wages on their own. In other words, this statistic may be meaningless.)

Enough numbers! Later today I’ll explore ways for those trapped in minimum wage jobs to get ahead. It’s not all about pinching pennies. I’d also like to hear stories from people who have worked minimum wage jobs in the past, and from those who still do. If I collect enough stories, I’ll post them in a separate entry. (If you’d like to share your story, please drop me a line, or post it in this forum thread.)

Update: I’ve posted my piece on how to escape from minimum wage.

Source: getrichslowly.org

Apache is functioning normally

Earlier today I provided a statistical snapshot of minimum wage earners. The numbers indicate that in the United States:

  • Most minimum wage earners are young.
  • Most minimum wage earners work in food service.
  • Most minimum wage earners have never attended college.

Statistics are one thing, but real-life is another. There are still millions of older college-educated Americans who earn minimum wage in jobs outside the food service industry. Many of these people want to escape their situation, but don’t know how.

More than pinching pennies
Over the weekend, Trent at The Simple Dollar shared ten steps to financial success for a minimum wage earner. His advice is excellent, but emphasizes frugality and cutting costs. I want to look at another approach to escaping minimum wage — earning more money.

Here’s what one minimum wage earner once wrote at Get Rich Slowly:

There are definitely [minimum wage earners] who casually spend beyond their means without regard to or serious consideration of consequences. There are also those who are living frugally yet are squeezed financially, perhaps by high rents and utilities (the homeownership rate of the working poor is close to zero), falling real wages, or health and medical expenses…I make minimum wage and have student loan debt. I can’t think of any spending I can cut out without feeling deprived.

The fundamental law of money still applies to those who make minimum wage: to gain wealth, you must spend less than you earn. But it’s more difficult for a person making minimum wage to spend less than she earns. Even after cutting luxuries — cable television, eating out, etc. — there are certain minimum costs associated with living in our culture. If you’re in a situation where you’ve reduced expenses as far as they will go, it’s time to focus on the other component of the wealth equation: increasing your income.

Breaking free from minimum wage
A minimum wage job can seem like a prison — you can’t imagine you’ll ever break free. You can’t imagine you’ll ever earn more money. However, opportunities do exist. Here are several approaches to escaping the shackles of a low-wage job:

  • Work two jobs. If debt or living expenses are keeping you down, take a second job. This may not help you escape from minimum wage in the short-term, but it will alleviate some of the financial pressure you’re facing, which will eventually allow you to focus on long-terms solutions.
  • Seek a promotion. Find a way to advance in your current job. What would it take for you to move into some sort of management position? What about moving to another department where the pay is better? Be the sort of employee that managers can’t live without: show up on time, be efficient, do quality work. Watch for advancement opportunities with your current employer.
  • Change companies. If there’s no path to higher income at your current job, what about a similar job with another company? Not all employers have the same pay structure. Scout the competition, and see if they can offer a better opportunity.
  • Change professions. You may need to leave your current field altogether. If you’re working at the counter in a convenience store, you’re better off taking another line of work. What sorts of jobs are you qualified for? “None,” you might say, but many employers need unskilled laborers. An unskilled laborer who shows up for work on time, is agreeable, and makes an effort will usually be earning more than minimum wage in just a few months.
  • Steer clear of corporate giants. As a small business owner, I’m biased against big corporations. Publicly held companies have huge motivations to keep worker wages and benefits low. It’s true that your top-end advancement may be limited with a small business, but they’re generally more flexible than corporate giants. Many small business owners go out of their way to look out for their best employees.
  • Educate yourself. Finally — and most importantly — do what you can to increase your education and marketability. Make yourself appealing to employers. Develop skills that they can use.

In fact, education is so vital to escaping minimum wage that it deserves a closer look.

The importance of education
Education makes a huge difference in your earning potential. The median income for a U.S. male who dropped out of high school is $18,990. The median income for a high school graduate is $28,763. The median income for a man with even some college is $35,073. Education opens doors. And it’s not just about the piece of paper — if you take practical classes, you can learn skills that will have a direct effect on how much you can earn.

I am a huge fan of community colleges. They’re an excellent place to pick up additional training. What can you learn at a community college? Here are a handful of the programs that my local community college offers:

  • Alcohol and drug counseling
  • Automotive service and repair
  • Business administration
  • Computer programming
  • Construction
  • Dental hygiene
  • Electrical trades
  • Graphic design
  • Landscaping
  • Real estate
  • And much, much more

Make no mistake: these classes will not get you a top-paying job in the field. They will, however, help you land entry-level positions, positions that will pay more than the minimum wage, positions that will help you find a career path with advancement opportunities. It might take you a couple years to reach this point, but you can reach it. How do I know? Because I did it myself.

In 1998, I was fed up with working for the box factory. I decided to become a computer programmer. While still working full-time, I began to take classes at the local community college. Most of the time I could only afford one class per term, but sometimes I squeezed in two. Within eighteen months I had developed the skills to be hired as an entry-level computer programmer. My pay was $25 an hour, which was at the low end of the spectrum for that kind of job (but appropriate for the skill-set I had acquired).

If you decide to use education to break free from minimum wage, be sure to choose practical classes in order to increase your earning potential. A philosophy class might sound cool, but it’s not going to get you a job. Nor will creative writing.

Don’t forget that school is an excellent place to make contacts with people who might serve as references for future job applications. Most community college instructors have connections in their fields. Make a good impression, and follow through with class requirements. Meet deadlines. Take pride in your work. People will notice.

Ask yourself the hard questions
If you’re in a minimum wage job and would like to escape, it’s important to ask yourself why you’re in a minimum wage job. Are the reasons obvious? Is it because you’re young? If you’re just out of school, minimum wage is a rite of passage. It’s something most people experience. Keep moving in the right direction and you will leave it behind.

Are you in a minimum wage job because you lack education? Make education a priority. Pick a career that interests you and is in demand. Obtain the skills necessary to enter the field.

But if you don’t know why you’re in a minimum wage job, or if your answer is that your boss, co-workers, or life won’t give you a break, then you may need to look inward. I had a friend who was trapped in a low-paying job that he hated. He had a long list of external forces that kept him stuck there (and in the crummy jobs he’d had before). He couldn’t understand why he wasn’t able to break free. To everyone around him, the reasons were obvious, but he didn’t want to hear them. He’s still trapped in a low-paying job.

Final thoughts
Perhaps I’m naive, but I believe most minimum wage earners can find a path out of their plight. In most instances, hard work, patience, and education can counter the forces of history and bad luck.

I’d love to hear how former minimum wage earners managed to graduate to higher incomes. (Or how they didn’t, if that’s the case.) If I collect enough stories, I’ll post them in a separate entry. If you’d like to share your story, please drop me a line, or post it in this forum thread.

Source: getrichslowly.org