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Valuation, Online App., Data Intelligence, UW Guideline Integration Tools; STRATMOR ICE Integration

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Valuation, Online App., Data Intelligence, UW Guideline Integration Tools; STRATMOR ICE Integration

By:
Rob Chrisman

Mon, Apr 15 2024, 11:28 AM

No one is getting any younger, not even Clint Eastwood. Time marches on, as does, apparently, the cost of mailing a letter. The post office wants to jack the price of a stamp to 73 cents from 68 cents which took effect in January. But everything is politics these days, and out comes, “The Trump donor whom Biden can’t fire is running the U.S. Postal Service directly into the ground, just what everyone warned about when he was confirmed during the pandemic. The latest price hikes at USPS are just another sign of the unfavorable leadership of Postmaster General Louis DeJoy.” We have nearly seven months more of election cr-p. How about some good ol’ legal stuff? Neither side in the recent UWM lawsuit is likely to care to hear Brian Levy’s perspectives about the legal theories and people involved in the case, but I suspect many of you will. Levy’s most recent Mortgage Musings is chock full of sideways glances in footnotes, Don Corleone’s ethics, and of course, RESPA, among other stuff. (Found here after 8:30AM ET, this week’s podcasts are sponsored by Optimal Blue. OB’s smart solutions automate critical functions like pricing, hedging, trading, and social media. More originators and investors rely upon Optimal Blue’s integrated solutions, data, and connections to support their unique business strategies, no matter how complex. Hear an interview with Canopy’s Josh Neumarker on current pain points for originators and communication between management and sales staffs.)

Lender and Broker Products, Software, and Services

A&D Mortgage introduces AIM – Artificial Intelligence in Mortgage, revolutionizing the mortgage industry with a platform that streamlines the lending process for brokers and borrowers alike. AIM enhances A&D’s existing portal with AI, advanced technology, a user-friendly interface, and stringent compliance protocols to set a new benchmark in loan originations. This innovative platform is designed to simplify mortgage processing, offering features like an intuitive interface for reduced processing times, comprehensive support for Non-QM and Conventional loans, direct Point of Sale integration for swift applications, and top-tier security and compliance measures safeguarding client data. AIM represents A&D Mortgage’s dedication to innovation and excellence, facilitating a smoother, more efficient lending experience from application to closure. As the industry shifts towards a tech-driven future, AIM leads with a solution that enhances both broker efficiency and client satisfaction. Explore AIM’s transformative impact on mortgage lending here. Step into the future of efficient, secure, and user-friendly mortgage processes.

“Take3tech.com is excited to announce our integration between TheRuleTool and Polly PPE. TheRuleTool supports thousands of Loan Officers who can now access agency/investor/bond/jumbo guidelines in Polly to ensure you are on target with guidelines. Are you a lender focused on building relationships with borrowers? Take3Tech has created LoanMAPS, a POS/LOS/CRM that includes upfront underwriting, digital validation and workflow that incorporates D1C, AIM, Collateral Underwriting, and portfolio guidelines. Easy for borrowers to use and empowers loan officers with knowledge that you use to impress! Easy to install and gives you the power of one database that hosts all your POS/LOS/CRM data. Training entry-level employees? Not a problem with our intuitive step-by-step instructions. You will have new employees processing and closing in a week! Learn more by visiting our website or registering today for an upcoming webinar with our CEO and Fannie Mae.”

In today’s fast-changing market, one thing has remained consistent: home price growth. With the rising prices, demand for HELOCs and home equity loans has also increased. Do you have the right tools in place to capitalize on today’s home equity lending opportunities? In this short video, Margie Ambrosio, SVP Information Systems Manager at George Mason Mortgage, shares her unique perspective on why home equity lending should be a “no-brainer” for today’s lenders and how Encompass® by ICE Mortgage Technology® makes it easy. Click here to watch the full video.

Do you know how much wallet share you hold in your agent referral partnerships? With MMI’s data intelligence platform, you can not only see who you’re working with but also how much of their business you’re getting. For a limited time, click here to request your complimentary agent wallet share report and get X-ray insight into where else your top RE agent or office partner is sending their deals. Armed with this competitive intelligence, you can pinpoint potential areas for growth and opportunity like this MMI user: “As a dedicated professional constantly seeking innovative solutions to enhance my business, discovering MMI was a game-changer. MMI has allowed me to proactively identify prospective new agents and immediately reach out to discuss something of value for their new listing. MMI provides the essential data backbone, delivering new listing information to my inbox for existing agent relationships, as well as the agents on my prospect list.”

Winning Agent Business: The lender’s guide to building a strong referral network, updated for 2024. In the aftermath of the NAR ruling, agents are more incentivized than ever to show their clients value. That means they’re actively looking to partner with top-tier lenders in their market. Want to take advantage and grow your referral business? Maxwell just updated its Winning Agent Business eBook with new tips straight from agents to help you better network to create a strong funnel of referral leads. Download your free copy to learn qualities agents value in their lending partners, networking dos and don’ts, ways to become a go-to lender, and more.

If Amazon were in the mortgage business, what would their online application look like? Would it look like yours? They wouldn’t tolerate borrowers getting frustrated with a bad mobile experience and neither should you. Check out LiteSpeed by LenderLogix and see why mortgage bankers are making the switch.

Originators continue to find a way to get ahead of the competition with 48-hour appraisals! Tired of slow appraisals costing you deals? Class Valuation is transforming the industry with its 48-hour purchase appraisal program. This groundbreaking solution is designed to cut appraisal turnaround times significantly, helping loan originators close faster and win more business. Class Valuation’s innovative technology and streamlined process has proven over and over to cut turn times dramatically with no loss in appraisal quality. Get the edge you need in today’s market. Learn more about the 48-hour appraisals.

STRATMOR, Customer Experience, and ICE

Did you know that STRATMOR Group’s Customer Experience Strategy program, MortgageCX, is now integrated with Encompass and available through ICE Marketplace? MortgageCX personalizes CX feedback and coaching tips for every LO, processor, and manager, leveraging STRATMOR’s industry expertise, peer benchmarking data, and the lender’s own customer feedback. Participating lenders are transforming their customer experience and igniting their revenue growth. Contact STRATMOR for more on the MortgageCX program and join those lenders already benefiting from this integration.

Upcoming Webinars and Training

You may-as-well learn something while waiting for business to pick up! A good place for longer term conference planning is to start is here, and click on “Conference List” for in-person events in the future.)

Looking for more in-depth commentary on weekly mortgage news? Register here for “Mortgage Matters: The Weekly Roundup” presented by Lenders One. Every Wednesday at 2:00 PM EST/11:00 AM PT join Robbie Chrisman and Justin Demola for a dive into a range of mortgage-related topics, including market trends, interest rate fluctuations, innovative mortgage products, and industry advancements.

When are Things Going to Get Better Already!?! Spokane Association for Mortgage Professionals invites you to join us as we have a conversation with RE Source on Wednesday, April 17th from 4:30pm-6:30pm at the Spokane Club 1002 W Riverside Ave, Spokane, WA. Topics will include Market Insights, Content Creation, Social Media and Winning in 24′. Click here to register. (Be sure to check out the RE Source latest videos: https://theresource.tv/.)

Thursday April 18th Rich Swerbinsky returns to the airwaves at 3PM ET, interviewing the CFPB’s Mark McArdle on what the big misconceptions about the CFPB are, and where its focus is currently.

FHA Appraisal Policies for Manufactured Homes in Greensboro, April 18th, 1:00 PM – 3:00 PM (Eastern). This free, in-person training will provide an overview of FHA appraisal/appraiser requirements for manufactured homes as outlined in FHA’s Single Family Housing Policy Handbook 4000.1. This training will cover several topics including property acceptability criteria, minimum property standards/minimum property requirements (MPR/MPS), defective conditions, policy updates, inspections, well and septic requirements, underwriting the appraisal, and program types such as a new construction.

Join Angel Oak on Thursday, April 18th for a Non-QM Webinar on Short Term Rentals & DSCLR Loans. Discussion will include AirDNA, short term rentals and DSCR Loan program details. Plus, the top questions heard from their brokers.

IMLA is hosting a Builder Panel at its April Luncheon, Thursday, April 18 · 11:30am – 1pm MDT at the Riverside Hotel Aspen Room. Treasure Valley Builders Bobbie Jordan, Preside of Jordan Homes, Bud Compher, Jr., CEO of Neighborworks Boise, Cody Weight, President of Solitude Homes and Jenna England, President of Berkeley will share their perspectives on building trends, affordable housing, and how they are adapting to the everchanging market.

AmeriCatalyst explores the operational impact of climate change and its profound industry-wide implications for the US housing and finance market. AmeriCatalyst’s GOING TO EXTREMES: The Climate, Housing and Finance Summit is being held at the Gaylord National Harbor (in the Washington DC area) on April 18 and 19. Contact Toni Moss (512-461-6340) with questions.

Friday the 19th is the next episode of The Mortgage Collaborative’s Rundown covering current events in the mortgage market for 30-45 minutes starting at noon PT, 3PM ET, in “The Rundown”.

Join co-hosts, the National Association of Appraisers and Appraiser eLearning, at the 6th annual Appraiser’s Conference and Trade Show (ACTS). The next ACTS conference will be held April 20-23 at the DoubleTree in Colorado Springs hosted by the Colorado Real Estate Appraisers Association.

Interested in learning how retain/release MSR decisions can be included in your best execution strategy? Join MCT for a webinar on April 24th at 11:00 AM PT titled Complete Best Execution – Now Including Fully Integrated Retain/Release MSR Decisioning. In this webinar, MCT will review the current state of the MSR market and discuss more comprehensive retain vs. release strategies, in addition to our recently introduced fully integrated Enhanced Best Execution (EBX) solution. MCT’s Paul Yarbrough will then provide insights from a trader’s perspective regarding MSR best execution strategies at time of loan sale. He will also highlight MCT’s Rapid Commit technology and assignment of trade processes. This session will include a live demo of the EBX (MCTlive! and MSRlive!) integration, showcasing how EBX can effectively optimize your flow MSR trading process and decisions. Register for the webinar to join the session.

Join CoreLogic for an exclusive webinar on Wednesday, April 24, noon CT tailored for lenders to delve into the Valuation Modernization Initiative. Dive into the innovative redesign of forms and the cutting-edge UAD (Uniform Appraisal Dataset) initiative, poised to revolutionize the sector. Explore the significant effects that this initiative is exerting on the broader industry, encompassing alterations in Loan Origination Systems (LOS), effective management of appraisal fees, performance SLAs, and other aspects.

The Single-Family Housing Guaranteed Loan Program (SFHGLP) is offering free, in-person training to its lending partners. The training will offer one and half days of loan origination training and one day of loan servicing training, April 24th, 9:00 am – 4:00 pm in Glenn Allen, VA. The servicing agenda will focus on the methodology and processes of handling troubled loans in your USDA portfolio. USDA will cover the entire waterfall of loss mitigation options and the specific rules and processes of administration and provide an update on USDA programs portfolio review. It will be held at the Virgina Housing Center, 4224 Cox Rd., Glenn Allen, VA. This is an in-person event only and will not be streamed live.

“A never-before-seen economic environment calls for new ways to create stronger business growth. Register now for a MAXEX roundtable discussion Thursday, April 25 at 2 p.m. Eastern where we’ll breakdown how unyielding inflation, stubborn mortgage rates, an unpredictable Federal Reserve and a nearly two-year long yield curve inversion are affecting the mortgage world. The roundtable will feature MAXEX and special guests. Don’t miss this opportunity to hear directly from industry leaders about how they’re attacking the road ahead and where you can find growth while working against industry headwinds.”

Join MBA’s webinar, April 25th, 2:00 PM – 3:30 PM ET, as they delve into the fundamentals and complexities of mortgage accounting. Anyone who desires to increase their knowledge of mortgage loan accounting will benefit from this session that is designed for business owners, executive management, accountants, and non-CPA accounting managers. Complete the full series, and you’ll have the information necessary to master mortgage accounting.

FHA New Applicants are invited to join a free virtual webinar, April 25, 2:00 PM – 3:30 PM (Eastern) conducted by FHA’s Office of Lender Activities and Program Compliance, will focus on the Lender Electronic Assessment Portal (LEAP) as outlined in the Single Family Housing Policy Handbook 4000.1. Content includes a detailed overview of the FHA lender approval application process, eligibility requirements, and required documentation for the various types of mortgagees (lenders). Common application deficiencies will also be addressed and tips for submitting a successful application will be provided.

Capital Markets

The latest consumer price data drove last week’s market movement as traders attempt to predict when the Fed will begin to ease monetary policy. The Consumer Price Index increased 0.4 percent in March at both the headline and core levels, which was hotter than market expectations and led to an immediate sell-off in bonds. The question remains as to whether this is a bump in the road to 2 percent inflation or an inflection point signaling a reversal of course.

Meanwhile, farther up the food chain, producer prices rose 0.2 percent in March, their slowest pace over the last three months. The Fed’s preferred measure of inflation, the core PCE deflator, will not be released until April 26. Despite the belief that inflation will trend lower throughout the year, Fed officials clearly do not have confidence it is on a sustained path towards two percent at this time. As a result, the market has pushed the likelihood of the first rate cut from June to September.

This week’s economic calendar kicked off with a bang today with March retail sales (+.7 percent, the consumer is strong!) and April Empire State manufacturing. Later today brings the NAHB Housing Market Index for April, February business inventories, and remarks from a couple of Fed speakers. We begin the week with Agency MBS prices worse .250-.375, the 10-year yielding 4.61 after closing Friday at 4.50 percent, and the 2-year up at 4.96.

 Download our mobile app to get alerts for Rob Chrisman’s Commentary.

Source: mortgagenewsdaily.com

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Imagine living in a neighborhood where everything you need is just a short walk away. For renters in Phoenix, this isn’t just a dream, it’s a reality in several areas of the city. Rentals are fairly expensive, though, with the average one-bedroom apartment costing $1,240.

In this ApartmentGuide article, we’re taking you on a virtual tour of the most walkable neighborhoods in Phoenix. From the lively streets of Downtown to the charming avenues of Garfield, these neighborhoods offer a unique blend of convenience and charm. So, get ready to discover the pedestrian-friendly side of Arizona’s largest city.

All data sourced March 2024.

1. Downtown

Walk Score: 82

Downtown is the most walkable neighborhood in Phoenix, with a Walk Score of 82. Known for its bustling city life, residents and visitors alike can explore the area and take advantage of its walkable layout. Notable attractions include the Phoenix Art Museum, the Japanese Friendship Garden of Phoenix, Chase Field, and the Arizona Science Center.

Search for Downtown apartments for rent.

2. Garfield

Walk Score: 79

Garfield has a Walk Score of 79, making it the second most walkable neighborhood in Phoenix. There’s a lot to love about the area, from its historic homes to its colorful murals. While you’re walking around the neighborhood, check out Welcome Diner for a bite to eat.

See Garfield apartments for rent.

3. Eastlake Park

Walk Score: 76

Eastlake Park is the third most walkable neighborhood in the city. There are numerous walkable areas and attractions throughout Eastlake Park, like the neighborhood’s namesake park and the Phoenix Trolley Museum. And if you’re in the mood for an adventure, you’re not far from the giant Phoenix Mountains Preserve.

Find Eastlake Park apartments for rent.

4. Coronado

Walk Score: 73

Coronado has plenty of amenities a resident might need within walking distance. From the Cartel Roasting Co to Coronado Park, you’re sure to find something to love. A notable amenity is the Oak Street Murals, which is a great spot for locals and visitors alike.

Browse Coronado apartments for rent.

5. Valencia Acres

Walk Score: 71

As the fifth most walkable neighborhood in the city, Valencia Acres is known for its quiet streets. Consider exploring the nearby South Mountain Park or getting a bite to eat at Los Dos Molinos with friends. There are plenty of other amenities in this charming community as well, like Phoenix Park and Los Olivos Public Park Place Plaza.

Discover Valencia Acres apartments for rent.

6. Governmental Mall

Walk Score: 71

Governmental Mall has a Walk Score of 71, making it the sixth most walkable neighborhood in Phoenix. Known for its proximity to the Arizona State Capitol, residents and visitors can choose from walkable amenities such as the Arizona Capitol Museum and the Wesley Bolin Memorial Plaza. While you’re out, check out the Arizona Latino Arts and Cultural Center.

Look for Governmental Mall apartments for rent.

7. Westland Homesites

Walk Score: 69

Westland Homesites is the seventh most walkable neighborhood in Phoenix. This peaceful community has quite a few hotspots for residents to visit on foot, including Westdale Center and Tortas Paquime. While you’re walking, take a moment to enjoy the sunny Arizona weather.

Search for Westland Homesites apartments for rent.

8. North Central Heights

Walk Score: 69

North Central Heights has a Walk Score of 69, making it the eighth most walkable neighborhood in the city. There’s a lot to love about the area, from grabbing a bite to eat at nearby Ocotillo Restaurant, to taking a walk along the Arizona Canal Trail. If you’re up for a longer outing, nearby Camelback Mountain is popular among locals.

Find North Central Heights apartments for rent.

9. Booker T. Washington

Walk Score: 69

The ninth most walkable neighborhood in Phoenix is Booker T. Washington. Pedestrians can enjoy the variety of local businesses, like Blok Photo Studio and Superstition Downtown. It’s also easy to walk over to Margaret T. Hance Park for a great day out.

Peruse Booker T. Washington apartments for rent.

10. Willo

Walk Score: 68

Willo is the tenth most walkable neighborhood in the city. Local attractions here include the Heard Museum, Encanto Park, the Enchanted Island Amusement Park, and the Phoenix Theatre, providing residents places to get together and enjoy their community.

Discover Willo apartments for rent.

Check out more walkable cities in Arizona.

Methodology: Walk Score, a Redfin company, helps people find walkable, bikeable, and transit-friendly places to live, rating areas on a scale from 0-100. To calculate a Walk Score for a given point, Walk Score analyzes thousands of walking routes to nearby amenities, population density, and metrics such as block length and intersection density. Points are awarded based on the distance to amenities in each category.

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La información de inversión proporcionada en esta página es con fines educativos únicamente. NerdWallet, Inc. no ofrece servicios de asesoría o corretaje, tampoco recomienda ni aconseja a los inversionistas comprar o vender acciones, valores u otras inversiones en particular.

Un reembolso de impuestos puede ser una oportunidad para avanzar en sus objetivos financieros, ya sea que necesite una pala para cavar su salida de la deuda como una plataforma de lanzamiento para generar más ingresos.

El Servicio de Impuestos Internos (IRS, por sus siglas en inglés) reportó que el reembolso de impuestos promedio en la temporada de impuestos de 2023 fue de $2,753, de acuerdo con las estadísticas de la temporada de presentación. Es una cantidad potencialmente sólida que puede marcar la diferencia si se le da prioridad de forma que tenga sentido para su situación. Y puede apartar una parte para divertirse o cuidarse, como sugieren algunos expertos.

Jessica Allen, asesora financiera acreditada con sede en Tennessee, dice: “Tome un poco, no más del 10%, y haga algo para usted, como disfrutar de una buena cena, quizá un traje nuevo o algo así”.

Tomar una parte pequeña para gastarla como quiera puede fomentar la disciplina y el enfoque durante décadas para mantener el rumbo de su plan financiero, según Yusuf Abugideiri, Director de Inversiones de Yeske Buie, una firma de planificación financiera con sede en Virginia. En cuanto a ese 90% o más, deje que sus objetivos sean los que dicten hacia dónde se dirige.

A continuación se muestran algunas formas de utilizar su reembolso de impuestos para salir adelante financieramente.

1. Construir el crédito

Si necesita construir el crédito o tener una segunda oportunidad para conseguirlo, considere la posibilidad de utilizar el reembolso de impuestos para hacer un depósito en una tarjeta de crédito asegurada (en inglés). No es raro que algunas de estas tarjetas soliciten un depósito inicial de varios cientos de dólares.

Cuando esté investigando tarjetas de crédito aseguradas, busque las que no tengan cuota anual; que ofrezca una posible ruta de mejora (en inglés) a una tarjeta de crédito tradicional no asegurada; y que informen de sus pagos a las tres principales agencias de crédito (Equifax, Experian y TransUnion). Con un buen historial de pagos, puede recuperar el depósito después de cerrar la tarjeta o cambiarse a una tarjeta mejor con el mismo emisor.

2. Pagar la deuda

Si tiene un saldo con intereses altos en una tarjeta de crédito, un reembolso de impuestos puede ayudarlo a deshacerse de esa deuda más rápido. Además, si puede reducir la tasa de interés de su tarjeta de crédito (en inglés), puede tener un impacto aún mayor.

Si tiene varias deudas, considere uno de estos dos enfoques: Aborde el que tenga el tipo de interés más alto, mediante el método de la avalancha de deudas (en inglés), o ataque primero el saldo más pequeño, con el método de la bola de nieve (en inglés). Cualquiera que sea la deuda a la que dé prioridad, recuerde que sigue siendo importante mantenerse al día con los pagos de todas las demás deudas.

Allen es un partidario del método bola de nieve porque incentiva a las personas y genera confianza a medida que avanzan hacia su objetivo.

Ella dice: “No sé usted, pero cuando logro muchas metas pequeñas me siento súper bien y eso me ayuda a alcanzar ese objetivo más grande”.

3. Ahorrar para una emergencia

También podría destinar su reembolso de impuestos a un fondo de emergencia, con el objetivo de que ese fondo alcance al menos $1,000, para evitar que acumule deudas cuando suceda lo inesperado. Aproveche al máximo el reembolso de impuestos colocándolo en una cuenta de ahorro de rendimiento alto (en inglés) en un banco en línea, lo ideal es que sea uno que ofrezca una tasa de rendimiento anual del 4% o más.

Si no tiene deudas, haga un esfuerzo para ahorrar los gastos básicos recomendados de tres a seis meses.

4. Invierta en su capacidad para generar más ingresos

Si está buscando avanzar profesionalmente, construir un negocio o generar ingresos adicionales, un reembolso de impuestos puede impulsar esos objetivos. Hágase más comercializable en una profesión obteniendo certificaciones o capacitación que le permitan obtener más oportunidades laborales o un aumento de salario. O utilice un reembolso de impuestos para comprar la capacitación o el equipo necesarios para iniciar un negocio o una actividad secundaria.

5. Invertir para la jubilación

Cuando la deuda no es el centro de atención, puede pensar en poner a trabajar el reembolso de impuestos en cuentas de jubilación. Si su compañía ofrece una, aproveche la contribución equivalente al 401(k) aumentando sus contribuciones o financie una cuenta IRA tradicional o Roth (en inglés). En 2024, puede ahorrar hasta $7,000 en una IRA ($8,000 si tiene 50 años o más) y hasta $23,000 en una 401(k) ($30,500 si tiene 50 años o más). Si ya está encaminado hacia estos objetivos, considere invertir en otra parte.

Abugideiri dice: “Si las cuentas IRA y 401(k) ya están contempladas en un plan de ahorro, puede considerar la posibilidad de ponerlo simplemente en una cuenta de corretaje (en inglés)”.

Una cuenta de corretaje es una cuenta de inversión a través de la cual puede comprar acciones, bonos y fondos de inversión.

6. Ahorrar para la educación de su niño

Con sus problemas financieros organizados, puede analizar si invertir su reembolso en una cuenta con ventajas tributarias como un plan 529 tiene sentido financiero para ahorrar para la educación universitaria de su niño (en inglés). Sin embargo, no dé prioridad a esta opción sobre otros objetivos financieros como la jubilación y piense detenidamente en los posibles inconvenientes.

Por ejemplo, su niño puede decidir no ir a la universidad y por eso se podrían aplicar penalizaciones si se retiran las ganancias para gastos no calificados. Abugideiri dice: “Brindar seguridad financiera a los niños puede ser una prioridad principal, pero una buena manera de hacerlo es cuidándose financieramente, para ayudarlos a evitar que tengan que hacerlo por usted más adelante”.

Él dice: “Puede pedir un préstamo para la universidad, pero no puede pedir un préstamo para cubrir [todos] los gastos de jubilación”.

Este artículo fue publicado originalmente en NerdWallet en inglés.

Source: nerdwallet.com

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Tipping cultures can vary significantly between countries. While many service workers in the U.S. rely on tips as part of their compensation, that’s not the case universally. Between the U.S. and Japan, specifically, there is a huge difference in the tipping culture

In fact, travelers should generally avoid tipping in Japan. There are a few rare cases when a tip is appreciated. Let’s go through when tipping in Japan is appropriate and when you should show your appreciation with a heartfelt “arigato gozaimasu” (thank you).

Do you tip in Japan?

The short answer: No. In some situations, trying to leave a tip may be even off-putting. As wild as that may seem to American travelers, Japanese culture prioritizes excellent service without any expectation to provide a financial tip as appreciation.

Whether you get service from a restaurant server, bartender, hotel housekeeper or even a taxi driver, prices are set at a rate where workers are compensated with a fair wage.

For travelers visiting Japan, the general rule should be to avoid tipping. However, there are a few situations where a tip is appreciated. Here’s a breakdown of some specific dos and don’ts.

Do you tip at restaurants in Japan?

Travelers should avoid leaving a tip in restaurants in Japan. This is the case regardless of the type of restaurant — from counter service to a sit-down multi-course meal — and the quality of the service. The expectation is that prices are set at a rate that the owner will provide fair compensation to servers.

Some Japanese bars or izakayas may charge a small cover charge. This is typically referred to as “otoshi” and may or may not be posted at the entrance to the bar. Ask before being seated if you’re concerned about this charge (typically only a few dollars).

The telltale sign that you’ll be charged an otoshi is if you get a small appetizer upon sitting down.

Do you tip taxi drivers in Japan?

With Japan’s incredible public transportation, travelers should have little need for taxi drivers to get around. Because of this, Japanese taxi drivers generally provide top-notch service. From white gloves to automatically opening doors, taking a taxi in Japan is like no other. Again, your instinct may be to show your appreciation with a tip.

But here again, travelers will find their offer rejected. Don’t have exact change and want to round up? Many Japanese taxi drivers will provide exact change, down to the yen.

Do you tip tour guides in Japan?

One of the few places where tipping in Japan is appreciated is for tour guides and interpreters. What’s the commonality? These service providers primarily serve international tourists, many of whom are accustomed to tipping. For this reason, many tour guides and interpreters won’t turn down a tip when it’s offered.

To truly show your appreciation, do a bit of legwork beforehand and take a couple of small envelopes with you. Flashing cash is seen as inappropriate, particularly in public. Instead, place your tip in an envelope and hand it to your recipient with both hands.

Again, though, tipping isn’t expected in these cases, but it won’t come across as rude. Since there’s no expectation of a tip, there are no guidelines about how much to tip.

Tipping geishas and at ryokans

Geishas (female Japanese performing artists and entertainers) and ryokans (traditional Japanese inns with attentive service) are two ways to experience exceptional authentic Japanese service and culture. Considering the lack of tipping elsewhere in Japanese culture, it’s ironic these are two times when it can be appropriate to provide a tip.

When having a private dinner with a geisha, you can opt to provide an envelope with cash to show your appreciation. Currently, the custom is to give around $20 (3,000 yen) per person. This money should be in an envelope and handed to the geisha with both hands and a dip of your head.

At high-end ryokans, it’s appropriate for guests to show their appreciation with a tip for attendants or the owner, either at check-in or left on your bed at checkout. Here a tip of $7 (1,000 yen) per person is seen as customary.

Should you insist on leaving a tip in Japan?

In many Asian cultures it’s seen as polite for someone to turn down a gift on the first offer. This isn’t the case for tipping in Japan. If you attempt to leave a tip and the offer is politely rejected, don’t insist on providing the tip. While your offer may be perfectly well-meaning, it can come across as rude in Japanese culture.

Final thoughts on tipping in Japan

Traveling and experiencing different cultures can help you re-examine the cultural norms that you’re used to. For Americans, the lack of tipping in Japan can be one of those times for reflection.

In the U.S., it’s usually rude not to tip servers, bartenders and taxi drivers. The opposite is true in Japan. Even attempts of tipping in Japan can seem off-putting, as it can be interpreted as a sign that you feel the service worker isn’t fairly compensated for the price charged.

Instead, show your appreciation by learning about Japanese culture and memorizing some Japanese phrases.

Keep your voice down in public — except in izakayas — or other places where letting loose is expected. Be mindful of the appropriate places to wait to board trains and queue outside restaurants. Learn to hand and receive payment cards and business cards with both hands. And internalize arigato gozaimasu as the appropriate way of showing your appreciation for good service when visiting Japan.

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 2023, including those best for:

Source: nerdwallet.com

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Dec. 1, 2023

It’s that time of year again. The Thanksgiving leftovers are gone, and the December holidays beckon.

Yes, it’s time to decorate.

Whether that means running wild with ribbon and lights, breaking out the family heirlooms or bringing in greenery and flowering bulbs, there are few firm dos and don’ts. But the goal is always the same: creating a festive environment that makes you happy, whichever holidays traditions you observe.

To see how the professionals do it, we followed a few — Jung Lee, an event designer; Elizabeth Roberts, an architect; and Peter Pennoyer, an architect, and his wife, Katie Ridder, an interior designer — as they prepared for a month of celebration.

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    When Jung Lee, the founder of the event-design firm Fête and the Manhattan home and gift shop Jung Lee New York, decorates her TriBeCa apartment for the holidays, she lets herself get a little carried away.

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    Elizabeth Roberts enjoys decorating for the holidays, but you won’t find much in the way of traditional Christmas decorations at this architect’s brownstone in Clinton Hill, Brooklyn.

    “I don’t typically go all out,” said Ms. Roberts, 54, who shares the home with her husband, Michael McKnight, 55, their son, Dean, 14, and a rescue dog, Ace. “We typically don’t have a tree here. Or, if we’re hosting Christmas, we’ll often get a tree just the day before, and it comes down right after that.”

    germination plate, a small ceramic disc with a hole in the center that can be placed above a glass vase, tumbler or jar to hold a bulb. (Spoiler alert: If you think you’re on Ms. Roberts’s holiday gift list this year, keep an eye on your mailbox.) “You start it at the beginning of December,” she said, “and by the end of December, it’s usually blooming.”

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    For years, Peter Pennoyer and Katie Ridder used the holidays as an opportunity to travel with their children, Jane, now 30, Tony, 28, and Gigi, 23.

    That meant “we often wouldn’t have as beautiful a Christmas tree,” Mr. Pennoyer, 66, said. “I remember one year in Hawaii when we ended up with something from Home Depot that was pink and about 19 inches tall.”

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    Source: nytimes.com

    Apache is functioning normally

    Los compradores que se preparen para las fiestas de fin de año de 2023 no tendrán que buscar mucho para encontrar una forma cómoda de pagar todos esos regalos.

    “Compre ahora, pague después (en inglés)”, un tipo de plan de pago que divide el costo total de su compra en cuotas más pequeñas, se ofrece en la mayoría de los grandes minoristas, incluidos Walmart, Target y Amazon. Según los datos de Adobe Analytics, una herramienta de análisis y medición de la empresa de software Adobe, se espera que este año el gasto por compras de fin de año en Internet ascienda a $17,000 millones, casi un 17% más que en 2022.

    La rapidez de la solicitud, la decisión de aprobación inmediata y la ausencia de verificación de crédito pueden hacer que comprar ahora y pagar después parezca una opción de financiación obvia, pero los expertos dicen que es una opción arriesgada. Plantéese estas cinco preguntas antes de decidirse.

    1. ¿Cobra intereses este plan?

    Aunque la mayoría de los compradores encontrarán planes de pago en cuatro cuotas sin intereses (que dividen el total de la compra en cuatro cuotas iguales, la primera a pagar en el momento de la compra y las tres restantes cada dos semanas), cada vez son más comunes los planes de pago más largos y con intereses.

    Estos planes van de meses a años y cobran una tasa anual equivalente de hasta el 36%, según el prestamista.

    Lo mejor es que evites los intereses, ya que aumentan el costo de sus compras durante estas fiestas. Pero incluso si le ofrecen un plan sin intereses, asegúrese de que puede pagar las cuotas, dice Vaishali Shah, planificadora financiera con sede en Winston-Salem, Carolina del Norte.

    “Con una tasa de interés del 0%, parece que no hay riesgo”, dice. “Pero yo quiero que los consumidores sepan que aun así se están comprometiendo a esos pagos”.

    2. ¿A cuánto ascienden las comisiones?

    Los proveedores también pueden cobrar comisiones por pago a plazos, por reactivación de la cuenta, por pago con tarjeta, por reprogramación del pago o por servicio. Estas comisiones oscilan entre $1 y $15.

    Lea atentamente las condiciones del préstamo y recuerde que puede haber comisiones a cambio de la transacción. Si el proveedor de “compre ahora, pague después” cancela un pago que provoca un sobregiro de su cuenta bancaria, su banco puede cobrarle una comisión.

    3. ¿Tiene un plan para pagarlo?

    Por ejemplo, una compra de $100 se convierte en $25 en la caja con un plan de pago en cuatro sin intereses. Esto puede llevar a los compradores a comprar más o a habituarse a la compra por cuotas.

    Todd Christensen, asesor financiero acreditado con sede en Boise, Idaho, dice que a menudo ve a clientes que optan por múltiples préstamos de poco dinero “compre ahora, pague después” sin darse cuenta de cómo se acumulan los pagos.

    “Es la tendencia de comprar por la cuota mensual en lugar del precio total”, dice Christensen. “Así que hacemos un pequeño pago aquí, un pequeño pago allá, y muy pronto cada dólar de nuestros ingresos (y algo más) está reservado”.

    Tenga en cuenta sus otras obligaciones y sepa cómo pagará cada cuota antes de inscribirse en el “compre ahora, pague después”.

    4. ¿Tendrá que hacer una devolución?

    Si existe la posibilidad de que tenga que devolver un regalo de las fiestas, lo mejor es que evite por completo el sistema de “Compre ahora, pague después”.

    Según un informe de septiembre de 2022 de la Oficina para la Protección Financiera del Consumidor, si hay una disputa sobre una devolución, el reembolso puede retrasarse y algunos compradores pueden tener que seguir haciendo pagos hasta que se resuelva la disputa.

    5. ¿Puede pagar con dinero en efectivo?

    Tanto Shah como Christensen instan a los consumidores a ahorrar para las compras de fin de año, empezando ahora.

    Shah pide a sus clientes que hagan un “minipresupuesto” durante las fiestas. Haga una lista de todas las personas a las que tiene que comprar regalos y la cantidad que le parece bien gastar. Una vez que tenga el total, empiece a guardar los fondos, idealmente en una cuenta de ahorro de alto rendimiento, en las semanas previas a las compras.

    “La realidad para la mayoría de la gente es que, si no lo podemos comprar ahora, no lo podremos comprar después”, afirma. “Tenemos que empezar a preguntarnos: ‘¿Es mi prioridad realmente?’ Solo tiene usted una cantidad limitada de dinero, y tiene que destinarlo a las cosas más importantes.”

    Este artículo fue redactado por NerdWallet y publicado originalmente en inglés por The Associated Press.

    Source: nerdwallet.com

    Apache is functioning normally

    Color your life with the beauty of nature.

    Creating an indoor garden can bring life and vibrancy to your living space. Whether you’re a seasoned gardener or a first-time plant owner, there are important distinctions to understand and consider in an indoor garden. Let’s explore the benefits of indoor gardens, dos and don’ts for indoor gardening and garden ideas to get you started on your green thumb journey.

    Indoor garden ideas by plant type and lifestyle

    Perhaps the most exciting step of your indoor plant-growing adventure is selecting the greenery that fits best with your lifestyle and personal aesthetic. Certain plants require daily attention while others require little to no upkeep, making selecting the right plant around your specific lifestyle imperative. When deciding between potted plants, hanging plants and climbing plants, it’s good to consider how much responsibility you have to give to your indoor garden.

    If you’re always busy:

    • Succulents: This plant is growing in popularity and for good reason, they require little care. Succulents rarely need watering, making them perfect for the busy indoor gardener who struggles to add more to their to-do list.
    • Snake plants: These low-maintenance plants are perfect for enhancing your apartment without inflicting on your busy schedule. Not only do snake plants thrive in any light (including low natural light), but they are only required to be watered once every two weeks.

    If you’re not home a lot:

    • Air plants: Air plants survive on just that — air. These self-sufficient plants don’t even require soil and absorb most nutrients from the air. They’ll enjoy an occasional misting but require little to no attention or light.
    • Spider plants: Even with a scary name, these plants have become well-loved additions for many spaces, and they’re ideal for someone who is rarely home. They handle irregular watering well, lending themselves to your ever-changing schedule perfectly.

    If you have pets:

    • Bamboo plant: These non-toxic ferms are the perfect addition to any room. Along with their stunning stature, they provide peace of mind for your cats, dogs or other pets.
    • Boston fern: This non-toxic option is a popular addition to a hanging garden as a great hanging plant, making it a perfect option for pets who may bite or knock over plants. Even if you choose to place this plant lower, your pets are safe.

    If you love to cook:

    • Herbs: The options are truly endless when it comes to an indoor herb garden. Consider basil, rosemary, thyme and mint to add the homegrown touch of fresh herbs to your favorite meals.
    • Aloe vera: While not necessary for a chef, this is a great plant to have on hand for any accidental kitchen burns. Plus, it’s very easy to care for.

    If you are a maximalist:

    • Prayer plant: If you’re looking for a boisterous plant for your indoor garden, the Prayer plant has a beautiful pattern sure to stop guests in their tracks. Its lemon-lime coloring makes it a great addition to your maximalist pad.
    • Fiddle leaf fig: A large and in-charge plant, the fiddle leaf fig is sure to be the star of the show in your indoor garden. Not only do these thrive indoors, but they also add a touch of lush greenery to your vibrant space.

    Plant combinations we love for your indoor garden

    Want to transport yourself to a tropical paradise? Combine tropical plants like alocasia, bird of paradise, calathea and spider plant for a stunning and exotic-feeling indoor garden.

    If you’re looking for a more zen garden feel, consider mixing a bonsai tree, lucky bamboo and peace lily. Together, these gorgeous potted plants will bring a sense of tranquility to any indoor space.

    Awaken your sense of smell with lavender, jasmine and geraniums. This trio sits perfectly on a sunny windowsill and will fill your small room with a delightful smell.

    Dos and don’ts of an indoor garden

    Growing plants is a commitment, small or large, depending on the indoor plants selected. In order to successfully bring your indoor garden ideas to life, consider these dos and don’ts of an indoor garden.

    Do:

    • Assess lighting conditions: Understand the natural light available in your space. Most plants require some level of direct sunlight, so choose plants that match the lighting conditions in your desired indoor garden rooms.
    • Select your plants carefully: Choosing the right plants for your garden ensures the garden is visually pleasing and easy to maintain. Consider starting with one or two plants from the list above that fit your lifestyle.
    • Invest in quality soil when needed: Not all plants require soil (air plants) and some may even come with soil when purchased. However, when necessary, it’s important to invest in a good potting mix suitable for your plant types. Learn more about soil types here.
    • Create a watering schedule: Different plants require different watering needs. Be mindful not to overwater; it’s often better to underwater than overwater. Invest in a sauce to keep under the floor or table plants to collect any access water. Also, misting often is important. Certain types of plants thrive in humidity, so spritzing your plant that requires a humid environment needs to be a priority.

    Don’t:

    • Overcrowd plants: Leave room in between plants so they can thrive and grow. Indoor gardens lack sunlight, making it important each plant can get ample sunlight.
    • Tend to them too much: Too much water will drown your plant. In the same way, too much fertilizer can harm your plants. Follow recommended feeding schedules and watering schedules based on plant type.
    • Neglect pest control: Keep an eye out for pests. Early detection of any pesky unwanted guests can save your plants. Use natural remedies or plant-friendly bug deterrents when needed.

    What if you want to grow a spice garden?

    Compared to an outdoor green space, an indoor spice garden is much less difficult. Still, there are decisions to make and steps to follow to achieve success!

    Step 1: Pick a location (or two!)

    As all plants require at least some sunlight to grow, identify the window spaces that have the best light for the herbs you’re growing. South-facing windows offer the most sunlight during the winter, so those are the best choice for plants that grow best in tropical climates, such as thyme, basil, oregano, rosemary and bay laurel. However, herbs like mint, chives, chervil and parsley don’t require such heavy light, so nurture those near east or west-facing windows.

    If you want to get really fancy try setting up grow lights for best results, especially when growing from seeds. Then, it won’t really matter where the plants are!

    Step 2: Choose herbs, then purchase plants or plant seeds

    Purchase plants any time of year! Pick up a few from the local nursery and consider buying more attractive containers than those plain, black plastic ones they come in. Think farmhouse chic, a la Joanna Gaines!

    If planting from seed, start in spring. Buy the seeds you want, as well as a bag of seed-starting potting mix. This is very important because heavier types of potting soil aren’t good for helping the germination process.

    Some people opt to start the seed-planting process in plastic trays that have a lot of individual cells. Then, transplant the sprouts into clay pots. But you can do either! Whichever container type you select, place the newly seeded containers out of direct light in a warm room. Use clear plastic to cover them until germination happens, then take the plastic off and place it in sunlight or under grow lights (preferably the latter).

    Step 3: Water and fertilize

    Water is another essential ingredient to herb garden success. Be careful not to add too much of a good thing, however. Do not allow the soil to get very wet. Instead, water lightly using a watering can or sprayer to keep the soil slightly moist.

    Frequency of watering really depends on how quickly your plants dry out. The amount of sunlight and temperature inside the apartment affects this. Do a fingertip test to make sure each plant really needs watering before you do it.

    Starting a week or so after germination, use a liquid houseplant fertilizer a couple of times a month. Follow directions accordingly.

    Step 4: Harvest

    Don’t cut into that brand-new plant right away! Instead, wait to start snipping until the plant is at least four to six inches tall.

    To harvest, cut the outside leaves first. Use kitchen scissors or shears that are both clean and sharp. This will help the plant heal more quickly. Take care not to cut more than one-third of the plant at any given time, so that it can grow and mature at a good, strong pace.

    If the plant starts to flower be sure to pinch the buds off, or else it will change from a producing plant to one that is more interested in reproduction.

    Step 5: Enjoy!

    Your enjoyment of these herbs is only limited by your imagination! Top your favorite dishes with fresh green onion or cilantro, or cook with sage or thyme for extra flavor. Some even go well as cocktail garnishes (mint)!

    The best herbs to grow in your indoor spice garden

    The great thing about growing your own herb garden is that you don’t have to plant anything that doesn’t suit your palate. Not a fan of cilantro? Don’t even bother! Put basil on everything? Plant extra!

    Certain herbs are extra popular in DIY gardens. When you’re planning your garden, consider these versatile cooking herbs:

    • Lemongrass: Fans of Asian cuisine should definitely plant this easy to grow herb.
    • Parsley: This one is tricky to grow from seed, so perhaps start off with a plant, instead. Never transplant parsley from one container to another!
    • Rosemary: A must for soups and stews, this aromatic herb grows best in full sun.
    • Mint: One of the easiest to grow, mint is a great addition to just about any type of recipe.
    • Chives: Another on the cinch list, chives grow quickly and with little help. They make a wonderful and tasty garnish atop many dishes!
    • Basil: A little trickier than some herbs to grow, basil is well worth the extra effort.

    FAQs: bringing your indoor garden ideas to life

    Embracing your green thumb can come with some questions. Whether you’re dealing with a potted plant, living wall, trailing plants or edible greens, you’re sure to encounter a myriad of challenges and curiosities along your gardening journey. Here are the answers and tips for some challenges or questions you may encounter.

    How do I know if my plant needs water?

    You can test the soil with your finger. Stick your finger into the soil about an inch deep and if it feels dry, it’s time to water. Some plants also show signs like drooping leaves when thirsty. It’s best to google your specific plant if you’re unsure.

    Do I need to repot my plants?

    A good rule of thumb to follow is replacing the pot every 1-2 years. If the plant is outgrowing the pot, then a replacement pot is also necessary.

    What do brown or yellow leaves mean?

    Leaves that turn brown or a yellowish color are typically a sign of something wrong. Most likely, this is a sign of overwatering or underwatering. Try checking the soil moisture and adjusting your watering routine as needed. Then, trim off the affected leaves to encourage new growth.

    What are some benefits of an indoor garden, beyond aesthetic appeal?

    Indoor gardening can alleviate stress, enhance creativity and increase productivity. Additionally, some studies prove houseplants may have a positive impact on the air quality within your home as well.

    Indoor plants will breathe new life into your place

    Whether you’re moving into a small or large apartment, there are ways to breathe unique life into your space with plants. These indoor garden ideas will help you transform your living environment, making it a vibrant and refreshing oasis of greenery. Test out these numerous creative approaches to infuse your living space with the beauty and benefits of indoor gardening.

    Still looking for the perfect apartment to furnish with greenery? Start and end your search with our list of apartments for rent.

    Source: rent.com

    Apache is functioning normally

    Apache is functioning normally

    A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here.


    New York
    CNN
     — 

    There are two numbers floating around econ media headlines lately that are (as we journalists love to say) psychological milestones.

    The numbers: five and eight. As in 5% yield on the 10-year T-bill, and 8% interest on the 30-year fixed rate mortgage. The two figures are closely related, and both are inviting ominous historical comparisons.

    The 10-year Treasury yield, which goes up as prices fall, is flirting with 5% for the first time since 2007 (that’s ominous comparison No. 1). The yield briefly breached the 5% last week, and again on Monday, before falling back down to 4.83% by the end of the trading day.

    There are a few reasons that the 10-year has advanced so quickly since last year, when it sat around 4%, my colleague Nicole Goodkind writes.

    • Strong economic growth and elevated inflation tend to push yields higher.
    • The US Treasury has issued a lot of government debt in recent months, and more could be coming soon.
    • Those things bring down bond prices and push yields higher, attracting buyers.

    Why it matters

    Yields on long-term bonds may sound like something you slept through in Econ 101, but the reality of their movement hits much closer to home. Higher yields lead to higher borrowing rates for your car loans, credit cards, and student debt (payments on which just returned from a three-year hiatus), and, of course, mortgages.

    The 30-year fixed rate mortgage is barreling toward 8% — a level not seen since the dot-com bubble popped in 2000. (And that is ominous historical comparison numero dos.)

    Of course, 8% isn’t special on its own, it’s just a round number that helps illustrate how far we’ve come from just three years ago, when rates fell below 3%. And the milestone underscores just how crappy it is to try to buy a home right now. Because:

    • In addition to painfully high interest rates, prices on the homes themselves have soared.
    • Sellers don’t want to list because there are so few homes available to move into.
    • Buyers are bowing out because there are so few homes on the market.
    • And thus sales are at a 13-year low.

    My colleague Anna Bahney put all those factors into context:

    Let’s say you put down 20% on a median-priced home today, and finance the purchase with a 30-year fixed rate loan (currently 7.6%). That brings your monthly principal and interest payment to just over $2,500, according to ICE Mortgage Technology. That is nearly double the monthly cost from just two years ago, an increase of $1,200 a month.

    Put another way: The monthly payment on an average home now requires 40% of the median household income, making housing the least affordable it’s been since 1984.

    None of this is expected to change soon.

    To bring affordability back to long-term averages, said Andy Walden, vice president of enterprise research at ICE, it would take some combination of up to a 37% decline in home prices, mortgage rates dropping by 4 percentage points, or a 60% growth in median household incomes.

    “Unfortunately, the upward shift in Treasury yields this week will likely make returning to ‘normal’ an even more challenging target to hit,” Walden said.

    OK, so…what do we do?

    We’re in a tight spot, yes, but it is, hopefully, a transition phase. After all, as the old maxim goes, the best cure for high prices is high prices.

    “The sudden, rapid increase in bond yields will dissuade business investment and spending, which threatens to knock the US economic expansion off course in a way that the Federal Reserve’s well-communicated incremental rate hikes did not,” Moody’s researchers said in a note.

    The yield surge is sorta doing the Fed’s work, in other words. Fed Chair Jerome Powell even acknowledged as much last week.

    Wall Street appears to agree, and investors are betting that the central bank will keep interest rates steady at its policy meeting next week. For those keeping track at home: The Fed’s two-day meeting starts, appropriately enough, on Halloween.

    Enjoying Nightcap? Sign up and you’ll get all of this, plus some other funny stuff we liked on the internet, in your inbox every night. (OK, most nights — we believe in a four-day work week around here.)

    Source: cnn.com

    Apache is functioning normally

    Apache is functioning normally

    La cifra récord de rechazos de préstamos automotrices está dejando a muchas personas sin transporte.

    La tasa de rechazo del último año para préstamos automotrices alcanzó el 14.2% a finales de junio, según el Banco de la Reserva Federal de Nueva York. Esta fue la tasa de rechazo más alta desde 2013, cuando la Fed comenzó a llevar un registro de dichos datos. El acceso al crédito para automóviles ha mejorado ligeramente en los últimos meses, pero obtener un préstamo sigue siendo más difícil que hace un año.

    La situación actual del mercado, con tasas de interés elevadas, pagos de vehículos que exigen mucho al presupuesto y una tendencia al alza de la morosidad, han llevado a las entidades crediticias a endurecer el crédito por temor a que aumente el número de morosos.

    Si usted sufre el rechazo de un préstamo para la compra de un carro y no sabe a quién acudir, aquí tiene algunas sugerencias.

    Infórmese de por qué le negaron el préstamo para un vehículo

    En virtud de la Ley de Igualdad de Oportunidades de Crédito, los prestamistas están obligados a proporcionar un aviso de acción adversa (en inglés) que enumere las razones por las que su préstamo fue rechazado o los detalles sobre cómo solicitar esas razones en un plazo de 60 días. Si usted no recibe dicha notificación, solicítela.

    Aunque usted cumpla los requisitos de ingresos mínimos de un prestamista, su préstamo podría ser rechazado por otros motivos, como tener un historial laboral corto o irregular, o un historial crediticio escaso o nulo. Otro posible motivo de rechazo es tener una elevada relación deuda-ingresos, es decir, la cantidad de deuda en tarjetas de crédito, otros préstamos o una hipoteca comparada con sus ingresos. Además, una solicitud de préstamo puede ser rechazada por algo tan simple como la falta de información o que esta sea incorrecta.

    Saber por qué le han negado el préstamo puede ser un punto de partida para superar esos obstáculos.

    Ahorre para el pago inicial del vehículo

    Caleb Cook, vicepresidente de préstamos al consumo en Digital Federal Credit Union, dijo en un correo electrónico que “ahorrar para un pago inicial puede ser tan importante como trabajar en la mejora de su puntaje de crédito”. Y añadió: “Tener un pago inicial sin duda ayuda si usted tiene problemas de crédito desde una perspectiva de evaluación de riesgo, y por lo general puede ser un requisito del prestamista.”

    La cantidad recomendada para el pago inicial de un vehículo (en inglés) es del 20% para los nuevos y del 10% para los usados, lo que significa que, basándose en los precios medios actuales de los vehículos, un ahorrador debería aspirar a $9,600 para los nuevos y $2,700 para los usados. Para una persona con problemas financieros, ahorrar estas cantidades puede resultar difícil.

    En algunos estados, los residentes pueden ahorrar y recibir fondos de igualación (hasta una determinada cantidad) para la compra de un vehículo utilizando un tipo de cuenta de ahorro denominada Cuenta de Desarrollo Individual (IDA, por sus siglas en inglés). La disponibilidad y el uso permitido de las IDA varían según el estado, y las agencias de servicios sociales que las administran pueden tener sus propios requisitos.

    La mayoría de las cuentas IDA tienen estrictos requisitos de elegibilidad, y una persona tiene que permanecer en el programa durante un período de tiempo para recibir fondos de igualación, según Laura Yepez, administradora de programas del equipo de cambio de ecosistemas de Prosperity Now.

    “Las aportaciones suelen ser de 1 a 1, pero pueden llegar a ser de $3 a $5 [por dólar ahorrado]. Los ahorros incentivados facilitan la consecución de los objetivos, y la mayoría de los programas cuentan con un asesor financiero que se reúne con los participantes para ayudarles a crear y hacer un seguimiento de sus objetivos”, explica Yepez en un correo electrónico.

    Busque programas de compra de vehículos con préstamos de bajo interés

    Aunque no abundan, existen programas de compra de vehículos con préstamos a bajo interés a través de organizaciones sin fines de lucro en determinadas zonas. Estos programas se centran en la propiedad de vehículos como un componente de la estabilidad financiera a largo plazo, por lo que normalmente hay un requisito de capacitación financiera. Además, la participación es limitada.

    Dos ejemplos son Goodwill Cars to Work, que atiende a residentes de Kentucky y algunos condados de Indiana, y Vehicles for Change (VFC), para residentes de Maryland y el norte de Virginia. Los participantes en ambos programas deben trabajar 30 horas semanales, tener ingresos limitados y demostrar su capacidad para costear los gastos relacionados con el vehículo. No se tiene en cuenta la puntuación crediticia.

    Los participantes en Cars to Work financian vehículos fiables con un préstamo a 36 meses con una tasa APR fija del 5% a través de una asociación con una cooperativa de crédito local y un grupo automovilístico, según Kalea Raynor, directora de vivienda y transporte de Goodwill Industries of Kentucky. También deben tener $500 en una cuenta de ahorros para empezar, cantidad que es igualada por Goodwill. Los pagos mensuales oscilan entre $150 y $210, y los intereses se reembolsan si el préstamo se paga en su totalidad sin retrasos.

    Las personas que participan en el programa VCF son remitidas por organismos asociados y se les garantiza un préstamo a 12 meses y bajo interés, explica Martin Schwartz, fundador y presidente de VFC. Los vehículos donados son puestos a punto por mecánicos certificados por la Automotive Service Excellence en el programa de capacitación VFC Full Circle, que ofrece formación de técnicos de automoción a personas que tienen dificultades laborales. Los vehículos entregados cuestan aproximadamente $950 en total, con pagos mensuales de $100, y el mantenimiento continuo del vehículo está disponible a través de Full Circle a un costo reducido.

    Para saber si existen programas similares de compra de vehículos en su localidad, póngase en contacto con United Way (llame al 211) o con su agencia local de acción comunitaria (en inglés).

    Cuidado con los concesionarios de vehículos que anuncian “compre aquí y pague aquí”

    Los concesionarios del tipo “compre aquí y pague aquí” (en inglés) venden vehículos usados y ofrecen financiación a quienes no pueden obtener préstamos en otro sitio. Las tasas de interés de esta financiación son de las más altas, y los vehículos pueden llevar instalados dispositivos de seguimiento para impedir que funcionen si los clientes se retrasan en los pagos. Cuando se les preguntó qué consejos tenían para las personas que no pueden obtener préstamos para comprar vehículos, Raynor y Schwartz aconsejaron evitar recurrir a los concesionarios que ofrecen “compre aquí y pague aquí” (o BHPH, por sus siglas en inglés) pero Schwartz reconoció que esta puede ser la única opción para algunas personas.

    Dice que se han puesto en contacto con él muchas personas cuyos vehículos de los concesionarios BHPH “se cayeron a pedazos” poco después de comprarlos, pero añade que hay concesionarios de este tipo que son “honrados”. La gente tiene que ser precavida y hacer preguntas para encontrarlos.

    Si su única opción es un concesionario BHPH, asegúrese de que su vehículo esté cubierto al menos por una garantía de 30 días/3,000 millas y solicite un informe del historial del vehículo (en inglés). Lea la documentación del préstamo antes de firmarlo para tener claro la tasa de interés y la cuota mensual que está aceptando. Busque discrepancias o comisiones ocultas y pregunte si los pagos que se realicen a tiempo se notifiquen a las agencias de crédito para ayudarle a establecer su historial crediticio.

    Schwartz también dice que pregunte por los dispositivos de seguimiento. “Si no puedo cumplir con un pago, ¿se apaga mi vehículo en medio de la carretera y no puedo llevar a mis hijos a casa?”.

    Este artículo fue publicado originalmente en NerdWallet en inglés.

    Source: nerdwallet.com