Moving to the D.C. area after my twins were born, we transformed from a family of three living comfortably, to a family of five struggling to make ends meet on one income. I had to get creative with our family budget, and one of the biggest line items to tackle was clothing. Four years later, I finally have a handle on it. Shopping for clothes for my three kids has been fine tuned into a system that keeps us humming along season by season. How?
I get the best quality I can within my budget.
I take good care of what we have (and teach my children to do the same).
I resell my kids’ clothing in good condition to recoup my costs.
Buy Quality Clothes — For Less
You can save on sturdy kids’ clothing — I get great longevity from Lands’ End and Gymboree — by only shopping sales and clearance. In her article about the best time to buy almost everything, April mentioned which days are best to shop the clothing stores, but knowing the seasonal clearance schedule is helpful as well. For example, I send my kids to their first month of school in shorts and wait for the jeans/pants/leggings to go on sale in late September and October. Winter coats are on clearance in February; be ready to shop ahead for next year.
You can shop online, but do it wisely. I never shop online without coupon codes, and I always shop through a cashback site like Ebates. Shopping online gives me a larger selection of clearance items than local stores. Additionally, shopping online helps me stick to my list and budget, whereas in a store I am tempted to make impulse buys. Finally, most online retailers allow you to return clothing to the store for free if they don’t work out.
Another way to save is with used clothing, especially in the early years (infant to age four). Considering the amount of wear, tear, and washing these clothes go through, you’re better off saving the “good” clothes for church, holidays, and photo opportunities and dressing little ones in used clothing for everyday wear. Whether purchased at yard sales, thrift stores or consignment sales, look for those high-quality brands, the ones that hold their shape and color for years. (J.D. has shared his 18 tips for thrift-store shopping.) I’ve also found new-with-tag clothes at yard sales. The ultimate way to save? Get kids’ clothing for free through Freecycle or handed down from family and friends (don’t be shy about asking!).
Take Care of What You’ve Got
When you take care of the clothes you have, you stretch your dollars by giving items a longer life and better value. I’ve taught my children to care for their clothes by returning to the old-fashioned notion of “playclothes”. My son has learned to come home from school and change from his khaki pants (bought on sale with a coupon, of course) into sweats or other playclothes. These clothes are for running around outside, getting muddy, doing art projects, and the rest of childhood life. We all wear jeans at least twice before washing, and I tackle stains early so they don’t set in. If long-sleeved tees become stained or too worn, they become undershirts for layering.
Resell Clothing When You’re Done With It
I choose my best-quality items to resell at my multiples club’s consignment sale or eBay, sell some at yard sales, and donate or Freecycle the rest. By doing so, I not only recoup some of my initial cost, I also avoid the expense of storage space and keep my kids’ closets clutter-free. The only clothing I keep from my son are those I’ve bought with my twin girls in mind — raincoats, pajamas and other unisex items in neutral colors like red and blue (which my girls prefer to pink, anyway). I even resell my children’s shoes, though that phase is almost over; older children’s shoes get worn out before they’re outgrown.
While I’m sure I’ll have to adjust my system a bit as my kids reach the tween years, adding their opinions and peer pressure to the mix, I’ve set the groundwork for reasonable clothing expenses. My 6-year-old knows we have a budget set aside for clothing and we discuss why a Pokemon T-shirt costs more than a plain one. Already, I see him making choices with his allowance that come from our discussions about wants vs. needs.
We’re almost halfway through the week and mortgage rates have yet to move out of a tight range. We do get the minutes from the Federal Open Market Committee’s meeting a few weeks back. Financial market participants will be tuned in and ready to act on any information about the 2018 rate hike path. Read on for more details.
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Market Outlook 2.19.18 from Total Mortgage on Vimeo.
Where are mortgage rates going?
Rates flat ahead of FOMC Minutes
We’re approaching the halfway point of the week and, as expected, mortgage rates have remained mostly flat. There’s been very little economic data out over the past few days, which has been a major factor in keeping rates on an even keel.
Click here to get today’s latest mortgage rates (Jul. 13, 2023).
That could potentially change today, though, with the release of the FOMC minutes from their meeting a few weeks ago. Investors will be tuned in for that release at 2:00pm to see if there are any clues about the Fed’s rate hike path in 2018.
Depending on who you talk to the Fed could raise the nation’s benchmark interest rate–the federal funds rate–anywhere from 2-4 times throughout the year.
The one thing that everyone does seem to agree on, however, is that the Fed is going to follow through with a quarter point increase to the federal funds rate next month.
That would bring the target range up to 1.50%-1.75%. With regards to today’s minutes, the big question for investors is what happens after the March meeting.
Rate/Float Recommendation
Lock in a rate soon
Current mortgage rates are expected to rise throughout 2018. Given this expectation, we believe it makes sense for many borrowers to lock in a rate sooner rather than later.
Learn what you can do to get the best interest rate possible.
If you take a step back and consider that the 30-year fixed rate is expected to hit 5% at some point this year, current levels seem pretty appealing.
Today’s economic data:
Fedspeak
Philadelphia Fed President Patrick Harker at 9:00am
Minneapolis Fed President Neel Kashkari at 8:15pm
PMI Composite Flash
The PMI Composite Flash hit 55.9 for all three readings. This is a 27-month high that’s above both the prior reading and the consensus from analysts.
Existing Home Sales
Existing home sales for January came in at an annualized rate of 5.380 million. That’s a drop of 3.2% from the prior month, and a drop of 4.8% year over year.
FOMC Minutes
The FOMC minutes will get released this afternoon at 2:00pm
Notable events this week:
Monday:
Markets Closed: President’s Day
Tuesday:
Wednesday:
Fedspeak
PMI Composite Flash
Existing Home Sales
FOMC Minutes
Thursday:
Jobless Claims
Fedspeak
EIA Petroleum Status Report
Friday:
*Terms and conditions apply.
Carter Wessman
Carter Wessman is originally from the charming town of Norfolk, Massachusetts. When he isn’t busy writing about mortgage related topics, you can find him playing table tennis, or jamming on his bass guitar.
Democratic senators including Banking Chair Sherrod Brown and Elizabeth Warren want to restrict tax breaks for large corporate investors that buy local homes and often drive up costs.
The Stop Predatory Investing Act would prohibit an investor who acquires 50 or more single-family rental homes from deducting interest or depreciation on those properties.
In too many communities, “big investors funded by Wall Street buy up homes that could have gone to first-time home buyers, then jack up rent, neglect repairs, and threaten families with eviction,” said Ohio Senator Brown in a statement.
The legislation would also encourage big investors to sell single-family rental homes back to homeowners or nonprofits in the community.
Let’s not build up the upcoming CPI data too much. It’s important and it is highly likely to result in a level of bond market movement commensurate with its distance from forecasts. But that distance can be seen both above and below the forecast levels. Each option carries a different implication for the rate reaction and there’s no way to know which option we’ll get ahead of time. What we CAN know with relative certainty is that the bigger the “beat” the larger the jump in rates should be. The bigger the “miss,” the bigger the drop in rates.
09:19 AM
Modestly stronger overnight with yields as low as 3.95. Slight bounce early but still down 1.4bps at 3.986. MBS up 1 tick (0.03).
02:35 PM
Modest gains in the PM hours, but giving them up now. Bonds at exactly the same levels as the last update.
Download our mobile app to get alerts for MBS Commentary and streaming MBS and Treasury prices.
Inside: Are you waiting for your Amazon refund? This guide will help you check the status of your refund, the process returns quickly and get your money back as soon as possible.
Have you ever been curious about how long Amazon refunds take?
If so, you’re not alone. Many people are confused about the refund process on Amazon, and how long it takes to receive their money back.
In this post, we’ll walk you through the steps to getting a refund from Amazon.
By the end of this post, you’ll know exactly what to expect when requesting a refund from Amazon.
how long does Amazon take to refund?
Amazon refunds usually take 3-5 business days to process.
However, this time frame can vary depending on the payment method used and the issuing bank.
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
What factors affect how long it takes for Amazon to process a refund?
When it comes to refunds on Amazon, it’s important to understand the different types of refunds available and how they can affect the processing time for issuing a refund. The refund amount and method can vary based on factors such as the condition of the item, how long it has been owned, and how it was purchased.
1. Payment method
When it comes to processing refunds, Amazon takes into account the payment method used at checkout, which can affect the time it takes for the refund to be processed.
Here is an ordered list of different payment methods and the specific factors that can impact the refund processing time for each method:
Amazon Account Balance: This is the automatically checked option when making a return. The return amount will be loaded to your Amazon account balance for a future purchase.
Credit Card/Debit Card: If you used a credit or debit card to make your purchase, the refund will typically be credited back to the same card. The refund processing time for credit card or debit card refunds is usually 5-7 business days. However, it’s important to note that the actual time may vary depending on your bank’s processing time.
It is essential for customers to understand the refund processing time based on their chosen payment method.
2. Type of Item Returned
When returning an item on Amazon, it is important to understand the different types of items that can be returned and how each type may affect the processing time for a refund.
Amazon offers various options for returning items, including prepaid returns and free returns. Additionally, there are specific conditions and policies for different categories of items.
For a full list of types of items and their return policy, check this help section out. By familiarizing yourself with these details, you can ensure a smoother refund process.
3. Amazon’s Processing Speed
The first step of the return process is returning the item to a predetermined return location. Once that is complete, you need Amazon to be in possession of the item before they will issue the refund.
Personally, I have found out that sometimes returns are issued within one hour of returning the item. Whereas, other times, it may take up to a week as the item is shipped to an Amazon warehouse.
This step is completely outside your control.
From there, you are waiting for the refund to be posted to your account.
Learn how long does Amazon take to ship.
4. Time of year
Another factor to consider is the holiday season. During the busy shopping period between October 1st and December 31st, Amazon typically experiences a high volume of returns.
However, due to their generous return policy, most items bought during this time can be returned until January 31st.
This extended return window allows gift recipients to have ample time to return items if needed.
During peak shopping seasons, such as Black Friday and Cyber Monday, Amazon’s customer service team may be inundated with inquiries and requests, which could potentially delay the processing of refunds.
5 steps on how to get your Amazon refund
Determining your eligibility for a refund on Amazon is a straightforward process if you follow these steps.
Understanding refund eligibility is crucial when it comes to requesting a refund on Amazon. By following a step-by-step guide, you can determine if you are eligible for a refund and proceed with the refund process confidently.
In this guide, we will outline the steps you need to take to determine your eligibility for a refund on Amazon.
Step 1: Find out if you can get a refund on Amazon
One of the first steps is to determine if you are still eligible for a return on your order.
Visit the “Your Orders” section.
You will visibly see a button for “return or replace items.”
If you do not see this, then you are likely outside of the 30-day return window.
This is important when you want to get a refund on Amazon.
Step 2: Request a refund
Requesting a refund on Amazon is an important process for customers who are unsatisfied with their purchases. There are several reasons why a customer may need to request a refund, including receiving a defective or damaged item, not receiving the item at all, or simply being dissatisfied with the product.
It is crucial to follow the correct steps in order to ensure a successful refund request.
Step-by-Step Guide:
Go to Your Orders: Log into your Amazon account and navigate to the “Your Orders” section. This can usually be found by clicking on your account profile icon and selecting “Your Orders” from the dropdown menu.
Locate the Order: In the “Your Orders” section, find the specific order for which you want to request a refund. You can scroll through the list or use the search bar to find the order more quickly.
Click on “Problem with the Order”: Once you have located the order, click on the “Problem with the Order” button next to it. This will open a new page where you can report the issue and request a refund.
Select the Problem: On the “Problem with the Order” page, you will see a list of problems to choose from. Select the problem that best describes your issue or reason for requesting a refund. This could include options such as “Item not received,” “Defective item,” or “Item damaged in transit.”
Click “Request Refund”: After selecting the problem, click on the “Request Refund” button. This will initiate the refund process and notify the seller of your request.
Provide Details: On the next page, you may be asked to provide additional details about the issue. This could include information such as tracking numbers, photos of damaged items, or a detailed explanation of the problem. Be sure to provide accurate and thorough information to support your refund request.
Select a Return Location: Next, you will need to select a return location for your item. More than likely, you will have Whole Foods, Kohl’s, and the UPS store as options.
Submit the Request: Once you have provided all the necessary information, click on the “Submit” button to submit your refund request.
Step 3: Wait for the refund
It is during this period that Amazon will process the refund and initiate the necessary steps to return the funds to your original payment method.
While waiting, it is important to be patient and understand the various factors that can affect the refund timeline.
Step 4: Check your refund status
Checking the status of your Amazon refund is an important step in ensuring a smooth refund process. By regularly checking the status, you can stay informed about the progress of your refund and take any necessary actions if there are any delays or issues.
Typically, after the return is dropped off at an approved location, you will receive a notification that your refund has been processed. Other times, it may take up to two weeks for Amazon to receive and process your return.
You can also follow up on the relevant order, by selecting “View Return/Refund Status“.
If your refund status is not showing as refunded in your account and the processing time has passed, you can contact Amazon customer service for further assistance.
Step 5: Get your refund
Following the correct above steps will help you navigate through the refund process efficiently.
You will see your refund on the selected method of payment.
Remember to keep track of your refund status and reach out to customer support if needed.
How long does Amazon take to process refunds?
Refunds on Amazon can be processed within a range of timeframes depending on various factors.
Also, your financial institution may take additional time for the refund to be posted to your account.
Refund Method
Refund Time (Once Refund Is Processed)
Credit Card
3-5 business days
Debit Card
Up to 10 business days
Amazon Gift Card
2-3 hours
Amazon Account Balance
2-4 hours
SNAP EBT card
Up to 10 business days
Bank Account
5-7 business days
Pre-paid Credit Gift Card
up to 30 days
FAQ
When customers request a refund, they have several options for how they want to be reimbursed.
The most common right now is your Amazon Account Balance.
Or you can opt to choose your original payment method.
While Amazon itself has a refund policy in place, the refund process for third-party purchases may differ slightly.
To request a refund from a third-party seller on Amazon, follow these steps:
Contact the Seller: Always begin by contacting the seller directly. They may be willing to provide a full refund without requiring a return or offer a better return policy than Amazon’s standard policy. It is recommended to reach out to the seller first before proceeding with any other steps.
Request a Refund: If you are unable to resolve the issue with the seller or they are unresponsive, you can request a refund through Amazon. Go to Your Orders and locate the order in question. Click on “Problem with the Order” and select the specific problem you are facing. Then, click on “Request Refund” to initiate the refund process.
Seller’s Refund Processing: Once you have requested a refund, the seller will need to process the return. They are required to issue refunds within two business days. The exact timeline for receiving the refund may vary depending on the seller’s processing time and the payment method used.
More than likely, you will need to return the product to get a refund.
On your return page, it will tell you whether or not to return the product.
If you have been denied a refund, you can try contacting the help section again to see if they will reconsider your request.
Time to Get Your Returns Turned in
We hope this guide has helped you understand the process of how long Amazon takes to refund.
By following the steps we’ve outlined, you can be sure to get your refund as quickly as possible.
Did your Amazon order says delivered but not received? That is the main reason many people are looking for a return.
Okay, make sure you get your returns in before the 30 day window.
If you are like my friend, you may have to rush over before the return window closes.
Personally, I like to do my returns right away, so my account can be refunded quickly.
If you have any further questions, please don’t hesitate to reach out to Amazon help.
Know someone else that needs this, too? Then, please share!!
It’s time for Amazon Prime Day — one of the best times of the year to save money on everything from headphones to household staples. Whether you are gearing up to save some cash on Prime Day purchases or looking for deals on any of the other days of the year, here are ways you may be able to save money on your next Amazon “add to cart” moment.
Related: These are the best credit cards for shopping at Amazon
Use points
You might have noticed the “Shop with Points” option when you check out. This is not always the best use of your credit card points from a monetary value perspective, as you can often get better value from your points when redeeming for travel.
But sometimes, there are promotions that award you money off your Amazon order for using a small number of points.
Currently, there is an offer for some Amazon accounts that will save 50% on Amazon orders using as little as 1 Amex Membership Rewards point. These offers can vary, but the concept remains relatively the same. This can be a great way to save on your next Amazon order if one of these offers is available for your account.
You can check these links for some of the latest Amazon points-related offers:
Here’s another offer for American Express cardholders. If you add a new Amex card, you can get up to $15 off so long as you use your American Express card at checkout. Click on this link to see if you are eligible.
New to TPG? Read our ‘Getting started with points, miles and credit cards’ guide
Earn bonus points with the right credit card
If you have an American Express card, you can take advantage of targeted Amex Offers. These offers vary from account to account and can be a great way to rack up bonus Membership Rewards points or save money on purchases you would make anyway.
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Amazon periodically appears in Amex Offers. For example, you may be able to earn 5 points per dollar on your Amazon purchases with current Amex Offers.
The trick here is to check your Amex account frequently to see if you’re eligible to earn bonus points or additional savings. You need to manually add these offers to your Amex account and then use that card to pay for your Amazon orders.
TPG values Amex Membership Rewards points at 2 cents each, so getting 5 per dollar spent at Amazon is like earning 10 cents in rewards per dollar spent. To start accessing these Amex Offers, a couple of good American Express cards to consider that don’t even come with annual fees are:
Use an Amazon credit card
While we’re on the subject of the best credit cards for Amazon purchases, let’s talk about Amazon’s own card — the Amazon Prime Rewards Visa Signature Card.
The information for the Prime Visa card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
It doesn’t have an annual fee, and new cardholders will receive a $200 Amazon gift card immediately upon approval. You can use the gift card straight away for Prime Day purchases. The card is only available to Prime members, so factor that in when deciding if it is the right match for you.
Read our full review of the Amazon Prime Rewards Visa Signature Card.
The card usually awards 3% cash back at Amazon and Whole Foods Market, as well as 2% cash back at restaurants and gas stations and 1% cash back on everything else. However, you’ll earn 6% back at Amazon and Whole Foods Market on July 11-12.
Related: Is the Amazon Prime Rewards credit card still worth the cost?
Use coupons
This tip won’t come as much of a surprise, but if you see a coupon available on Amazon, be sure to click on it. With coupons, you can save money with the literal click of a button.
You’ll know if there’s a coupon available for your item, as there will be an icon that says “Coupon” below the price. The coupon will be activated if you check the box next to it. Coupons are sometimes only for a few cents or dollars, but saving money is saving money.
Some items will also let you save by subscribing for repeat deliveries.
Track prices and set price alerts
It’s hard to know just how good a sale is if you haven’t been pricing a certain item for a while. One site that can tell you the historical price of an item on Amazon — and even alert you to price drops — is CamelCamelCamel.
This will help you gauge just how good a sale is. If it’s not an urgent purchase, you can also use this site to help you decide whether or not to hold off until your item is potentially on sale for a better price if you see it’s been lower in the past.
Related: These credit cards come with welcome bonuses worth $1,000 or more
Get credit for no-rush shipping or pickup
If you have time to spare, you can opt for no-rush shipping on your items and cluster them for an “Amazon Day Delivery.” This way, you’ll earn a credit that you can use for future purchases such as select e-books, digital music, videos and apps. The amount of the credit varies, but it has often been a couple of dollars in my tests.
You’ll find this option during checkout when you’re prompted to enter your shipping information.
There is also sometimes a promotion if you pick up the order at an Amazon pickup point. Right now, my account has an offer where I’ll get a $10 credit on a future $20 Amazon order if I use the code 10TRYPICKUP and retrieve my order at an Amazon Hub, such as an Amazon Locker or Locker+.
Sign up for a free Amazon Prime trial
You also might be able to sign up for a free, 30-day trial of Amazon Prime. This is a great free way to try out the service if you haven’t already. You’ll be able to receive free, two-day shipping on eligible items, as well as get access to Prime Video, etc. After that, the plan increases to $14.99 a month if you don’t cancel.
Purchase Amazon gift cards
If you don’t have any points or cash-back bonuses for Amazon purchases on one of your credit cards, you can also purchase Amazon gift cards at grocery stores with a credit card that gives bonus rewards at that type of retailer.
For example, if you pick up a $100 Amazon gift card at the grocery store and pay for that purchase with the Blue Cash Preferred® Card from American Express, you can earn 6% cash back on that purchase at U.S. supermarkets (on up to $6,000 per year in purchases).
Get bonus credit for your Amazon reload
Valid through Monday, you may be able to get a $5 Amazon promotional credit with a $50 reload to your Amazon account balance. This is an easy way to prepare for Prime Day with a $5 bonus credit in your account.
As your company grows and your financial needs evolve, it’s often necessary to switch business bank accounts. If any of the following are happening, it may be time to find a new business checking account:
You’re getting hit with fees or bumping up against account limits.
You need better integrations or additional business features like invoicing or tax-planning tools.
You can’t get a business loan from your current bank.
Your business is changing ownership.
Here are the steps for moving business banks, plus details on knowing if it’s time to make a change.
How to change business bank accounts
1. Research your options
Write down what you need from a business banking account — now and in the future — to find a new account that your business can grow into. Then compare business accounts that meet your needs, paying attention to fees, services and accessibility.
If a business loan is on the horizon, ask your potential choices about funding options and whether they have an SBA loan program. Also ask about how the bank’s accounts integrate with accounting or other business software, in addition to whether it offers dedicated account managers for small business accounts.
2. Apply for and open your new business bank account
After you choose a business account, the next step is to apply online, in person or over the phone, depending on the bank. You’ll need to provide personal information, like your Social Security number, and business details and documents. Find a full list of what you need to open a business account.
Once approved, confirm everything is operating correctly before making any changes to your old account. Set up your business account, including online and mobile banking, and test transferring funds.
🤓Nerdy Tip
Avoid transferring large chunks of money at once. Most business accounts place a longer hold on deposits for new accounts (up to 10 business days). And large deposits and transactions can be flagged as fraud.
3. Transfer business to your new account
Several banks offer “switch kits” to help you migrate your business to your new account. These checklists include helpful reminders, like switching recurring payments and notifying your accountant. Pay attention to timing, particularly if you’re switching over payroll, to avoid any delayed payments.
The transactions you’ll need to update typically include the following:
Payroll and direct deposit for employees.
Payments to suppliers, software providers, etc.
Payments to business advisors or consultants; also, these individuals might need to know about the change for their participation in your business operations.
Automatic invoices or transfers for customers.
Your new bank may be able to provide you with an account transfer letter to inform business partners that you’ve changed accounts and provide them with your new bank account information.
4. Cancel your old business bank account
Once your new business bank account is set up and operating correctly, follow your old bank’s procedure to close your account. Allow time for any outstanding payments to clear before fully shutting things down.
Transfer out any remaining funds and get a clear answer from your bank on how it handles any payments sent to your account after it is closed (in case vendors send payment to your old account by mistake).
How to switch business checking accounts within your current bank
Upgrading to a new account within your existing bank is more straightforward than switching to a new bank. Simply contact your business banker to make the switch. You’ll keep the same account number, so you won’t need to notify all of your business partners of the change.
When to switch business bank accounts
Sticking with a business account that doesn’t suit your company can hurt your bottom line. Excessive fees, restrictive limits and insufficient business products can cut into profits and stall business growth. And all are cues that it’s time to shop around for a business bank account.
You’re exceeding your limits
Exceeding transaction and cash deposit limits is a good sign that your business has outgrown its business checking account. While it’s tempting to simply upgrade to the next account tier your bank offers, this is a good time to explore your options and compare limits, fees and services at other banks.
You’re hit with excessive or surprise fees
While some fees are expected, charges for overdrafts, wire transfers and ATM usage vary from one bank to the next.
Some business accounts charge $35 or more for overdrafts, for example, while others charge $25 or less — and some don’t charge for overdrafts at all. Compare fees at local banks, credit unions and online banks to find a better fit for your business.
You can’t get a business loan
If your primary bank turns you down for a small-business loan, explore other options. Smaller banks, credit unions and community development financial institutions often have more flexible lending standards than large banks.
For example, 82% of applicants at small banks were approved for at least some funding in 2022, compared with 68% of those who sought funding with a large bank, according to the Federal Reserve’s most recent Small Business Credit Survey.
Applicants at small banks were also less likely to report challenges with the application process, funding time, interest rates and repayment terms.
You need additional business products
At some point, your business may need merchant services, payroll support or a business credit card. While your current bank may offer these products, it’s smart to research rates, fees and features at other banks and service providers as well.
You experience bad customer service
No bank is 100% free of issues and errors; the key is how your bank handles them.
Does it take multiple calls, emails or visits to resolve an issue? Do you get conflicting answers to the same question? Do you struggle to even find someone to talk to? These are all red flags.
Another red flag is service that doesn’t match your business hours or style. A bank that handles all customer questions through email might work for an e-commerce business, but it’s less than ideal for a truck driver.
In San Diego’s North County, in the affluent community of Rancho Santa Fe — best known for its luxurious homes, breathtaking landscapes, and overall exclusivity — lies a striking 2.86-acre compound that recently hit the market.
Designed by locally renowned architect, Dena Gillispie, the sprawling compound sits on an elevated ocean view lot in Stonebridge (a gated, residential, and equestrian community located in westernmost Rancho Santa Fe that was developed in the 1980s and 1990s).
Much like the idyllic homes that surround it, the compound was built in 1991 and consists of a 4-bedroom main residence AND a separate one-bedroom guest cottage.
It’s now on the market for 6,225,000, with Deborah Weir of Willis Allen Real Estate in charge of the listing.
The 4-bedroom main residence welcomes residents and guests with its impressive brick loggia, which sets the tone for the rest of the house, where unique and distinctive elements like leaded glass doors, curved staircases, hand-carved fireplaces, and more make you think to yourself that “they don’t build them like this anymore”.
The guest cottage — which has its own address — adds an extra bedroom to the mix, but also comes with its own living room, kitchenette, balcony, views, and 2 stairwells (one of which is ADA compliant).
Heading outside, the backyard is an entertainer’s dream anchored by a saltwater, beach entry pool, with a spa, slide, and a magical outdoor shower.
There’s also an open-air pool cabana, 2 fireplaces, 2 separate BBQ stations, a pizza oven, and a firepit with sit-down, all looking out at the ocean in the distance.
Other highlights of the estate include fully paid solar, a batting cage, a shuffleboard, an orchard, and a vegetable garden.
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Lemeshev, who has worked as a branch manager at CCM for six years, will now head the company’s financial planning, product development, and strategic partnerships. “As we continue to grow, we’re strengthening our team and reaching out to the communities we serve,” said CrossCountry CEO Ron Leonhardt Jr. “Over the past several years, Glen has … [Read more…]
MERIDEN, Conn., July 11, 2023 /PRNewswire/ — Planet Home Lending, LLC, a leading mortgage loan primary and special servicer, announced that Fitch Ratings has upgraded Planet Home Lending’s Primary Subprime Servicer rating to RPS2- and its Special Servicer rating to RSS2-. Previously, the ratings were RPS3+ and RSS3+.
In its review, Fitch highlighted Planet’s risk and compliance management, continually improving performance metrics, and effective technology.
Fitch also noted:
Financial strength of Planet Financial Group, Planet Home Lending’s parent
Comprehensive quality control and three-line defensive risk management framework
Enhanced management analytics
Refined call center, collection, and loss mitigation performance
Competitive performance measured against industry benchmarks for cash management, investor reporting, customer experience, escrow administration, home retention and default administration
About Planet Financial Group, LLC
Planet Financial Group, LLC, Meriden, Conn., is a fully integrated family of companies delivering innovative origination, servicing and asset management solutions. Through this synergistic ecosystem of products, services and technologies, Planet Financial Group provides best-in-class experiences for investors pursuing value maximization and borrowers seeking streamlined end-to-end loan lifecycle support. Planet Financial Group is the parent of Planet Home Lending, LLC and Planet Management Group, LLC, which also does business under the name Planet Renovation Capital.
About Planet Home Lending, LLC
Planet Home Lending, LLC, Meriden, Connecticut, (NMLS #17022) is an approved originator and servicer for FHA, VA, USDA, Freddie Mac and Fannie Mae and a Standard & Poor’s Global Ratings- and Fitch Ratings-rated special and prime residential servicer. Planet Home Lending, LLC has been assigned a corporate family rating by Moody’s Investors Service viewable at www.moodys.com. Its correspondent division offers a full suite of government, agency and niche home loans. Planet Home Lending, LLC is also a special servicer managing diverse investor portfolios. Its customized servicing solutions maximize asset recovery and optimize performance through active management at the portfolio and loan levels. Planet Home Lending, LLC is an Equal Housing Lender. For more information about Planet Home Lending, LLC, please visit https://planethomelending.com. For more information about Planet Home Lending’s Correspondent offerings, please visit https://phlcorrespondent.com.
About Planet Management Group, LLC Planet Management Group, LLC, Melville, N.Y., maximizes the value of diverse investor assets through active management. For more information about Planet Management Group, LLC please visit https://planetmanagementgroup.com.
Press Contact: Dona DeZube Vice President, Communication Planet Home Lending [email protected] (443)538-1767
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