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8 min

When Colleen Randall bought her house in 2016 for $174,000, she figured it was the perfect starter home. Then the past few years made the deal even sweeter: She doubled the square footage after redoing her unfinished basement. Now the three-bed, three-bath house in Hagerstown, Md., is worth at least $260,000. Refinancing in 2020 also lowered her mortgage rate from 3.25 to 2.75 percent and knocked off her private mortgage insurance.

And that’s the problem.

Randall, 33, and her husband want to have a second child, but their third bedroom is a sunroom and wouldn’t work for a new baby. They would normally just look to move and sell it. But they can’t imagine giving up their ultralow rate for a new mortgage above 6 percent on a bigger house. The more likely scenario: delay having another kid and stay put.

“My mortgage payment would essentially double if we purchased a house with around the same square footage, with just a better layout,” Randall said. “I just can’t do it. If I could predict the future, we’re probably going to stay where we are. It’s just too comfortable a position.”

Mortgage rates rise above 7 percent as Fed scrambles to slow economy

People like the Randalls are everywhere, and they’re causing unanticipated problems for the housing market. Home values soared in the past few years, as the pandemic reshuffled people’s housing needs, and buyers clamored for the few listings available. To cool that demand — and tame inflation throughout the economy — the Federal Reserve has been hiking interest rates at the fastest pace in decades. Those moves sent mortgage rates surging past 7 percent last fall, and while they’ve pulled back somewhat, the 30-year fixed rate was still around 6.35 percent last week, according to Freddie Mac.

But those increases are also discouraging owners from putting their homes on the market and forfeiting the low rates at which they borrowed money before last year. And that is cutting down on the supply of houses, especially for conventional starter homes that have long helped first-time buyers gain a foothold in the market.

It’s the perfect starter home. But it’s only for rent.

“The world is going back toward normal, but we still have the aftermath of what happened,” said Skylar Olsen, chief economist at Zillow. “That’s moving the housing market to behave this way.”

Striking a balance between supply and demand in the housing market is key to getting inflation under control. But experts say they don’t see the logjam getting better until rates simmer down, which probably won’t happen until next year. Even then, the days of super-low rates are likely over for a generation of home buyers who came of age when it was much easier to get a cheap loan.

The vast majority of homeowners have rates below today’s average. At end of 2022, 62 percent of mortgage holders had a rate below 4 percent, and 82 percent had a rate below 5 percent, according to Redfin data. A whopping 92 percent had a rate below 6 percent.

The number of new listings hitting the market are also far below normal levels, as millions of homeowners decide not to budge. In February, listings were down more than 23 percent from the year before, according to Zillow, and more than 32 percent from pre-pandemic levels.

Five reasons you shouldn’t buy a house right now

The drop is more dramatic in certain areas. Listings in Winston, N.C., were down 65.6 percent in February compared with the year before, according to Zillow, and they dropped 49.6 percent in Milwaukee, 39 percent in Las Vegas, and 36.8 percent in D.C.

The decline in listings is unusual, even compared with before the pandemic. By that measure, listings fell 67.3 percent in Winston, and 45.9 percent in Las Vegas.

In normal times, Knoxville, Tenn., would have around 10,000 active listings at any given moment. But by the time Hancen Sale was shopping for his first home in late 2020 and early 2021, only 1,300 properties were for sale. He still managed to buy a three-bedroom, two-bathroom historic home with a 2.75 percent mortgage rate for $291,000.

Sale works for the Knoxville Area Association of Realtors and has seen how the pandemic turbocharged the college town’s housing market. In 2021, the annual income needed to afford the average house with a 10 percent down payment was $55,677, according to his research. By the end of 2022, it was $88,808. So at age 25, he can’t imagine giving up his situation, and if he ever did outgrow the house, he’d rent it out.

“It’s going to be hard for me, financially, to move elsewhere,” Sale said. “It’s kind of frozen me in place in a lot of ways. And even if I did move, I would probably be holding onto a house like this, because the rate is so low, it would be a good revenue-generating investment for me.”

White House unveils new tenant protections amid soaring rental costs

Meanwhile, scores of people are clamoring to find any homes available, even if that means taking on a high rate.

Emily Engel and Tyler Young have been trying to buy their first home together for six months — ever since Engel’s landlord told her he wanted to sell the property where she lives. The long-distance couple has been scouring for a home in north-central Connecticut for around $325,000. They’ve lost out on six offers.

Last month, they were getting ready to put in their seventh. But while they were on the phone with their real estate agent, they were told someone else had just put in a massive bid. The only way for Engel and Young to get back to the front of the line would be to put down an extra $100,000 — cash.

“There’s an overwhelming sense of hopelessness — that’s the word — that washes over me every time,” Engel said. “This is insane. We’re not going to win. We’re not rich. We don’t have $100,000 extra. I’m almost 40. Am I not mature enough to own a house? You feel like a kid.”

Engel said she doesn’t see any signs demand in New England is cooling. But the housing market is extremely sensitive to changes in interest rates, and there are some indications that the Fed’s moves are working as central bankers intended. The median existing-home price fell 0.9 percent in March from a year earlier, to $375,700, according to the National Association of Realtors. That marked the largest year-over-year price decline since January 2012.

Homes that do make it onto the market are taking longer to sell, which helps boost inventory and tame the buyer frenzy from earlier phases of the pandemic. Fed officials are betting that the slowdown will eventually trickle to the rental market, a crucial step since rent costs have become the main driver of inflation throughout the economy.

“We’re not seeing it yet in housing services,” Fed Chair Jerome H. Powell said in February. “But we expect to see that. We need that to happen. That’s another big part of the economy. It’s got to come. It should come in the second half of this year.”

But prices probably won’t drop markedly until there are simply more homes available. Experts have various estimates for how many more houses the country needs, with figures sometimes ranging from 1.5 million to 5 million. Last year, the White House unveiled its Housing Supply Action Plan, which aims to help close the country’s housing shortfall in five years.

Persistent supply chain issues, labor shortages and the rising costs of construction have few experts hopeful that the plan can come to fruition. But the trend is at least moving in the right direction; the number of listings coming from new construction has been steadily climbing since 2016. At the end of 2019, right before the pandemic, almost 19 percent of listings came from new construction, according to Redfin data. By the beginning of 2023, that figure had grown to more than 33 percent.

Still, there is a long way to go, especially when it comes to luring people with ultralow rates.

Jonathan Levitt, 32, took advantage of remote work and moved from Boston to Boulder, Colo., during the pandemic. In 2021, he bought a three-bedroom house for $865,000. He locked in a 3.05 percent interest rate, and he estimated that if he bought the same house today, the monthly payment would be at least $1,000 higher.

Levitt keeps an eye on Zillow listings, and sees other, less-appealing homes in his neighborhood selling for $200,000 more than he paid. He’s put money into upgrading the house — with solar panels, a sauna and workout equipment. He might rent it out down the line. But he can’t imagine selling, or going back to his old Boston apartment with no outdoor space or parking.

“I’m losing money in that scenario,” Levitt said, “versus gaining.”

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Source: washingtonpost.com

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Today we’ll check out Neighbors Bank, a company that refers to itself as a “hometown bank” that got its start all the way back in 1945 in Clarence, Missouri.

It originally served folks in the counties of Shelby, Macon, and Monroe before making a digital transformation in 2018, when a name change was made to align with its new look.

The company says it still operates under the same values, though instead of focusing solely on individuals and families in rural America, they provide home loans to borrowers nationwide.

Let’s more about them.

Neighbors Bank Fast Facts

  • A FDIC insured depository bank
  • Founded in 1945, headquartered in Columbia, Missouri
  • Offers home purchase loans, refinances, and formerly savings accounts
  • Licensed to do business in all 50 states and D.C.
  • Operate like an online bank despite having a brick-and-mortar location

As noted, and as their name implies, Neighbors Bank is a depository that holds money for its customers via savings accounts.

While they aren’t currently accepting new online savings accounts, they’ll be able to take your mortgage application, whether it’s for a home purchase or a mortgage refinance.

Despite being a brick-and-mortar bank with more than 70 years of history, they actually only operate one physical location in Columbia, Missouri.

This means you’ll be working remotely if you choose Neighbors Bank for your home loan needs.

But this can be a good thing as they’ve invested in the latest technology, including a digital mortgage process and a free smartphone app.

Another plus is the company is licensed to do business in all 50 states and the District of Columbia, so they’re available to all.

How to Apply for a Mortgage with Neighbors Bank

  • To get started simply call them or fill out a short form on their website
  • A loan consultant will get in touch to discuss eligibility and mortgage rates
  • When ready to apply they offer a digital mortgage experience that is mostly paperless
  • Once submitted you can track loan progress 24/7 and satisfy conditions via the online borrower portal

You’ve basically got two options to get the ball rolling – either pick up the phone and call them directly, or fill out a short lead form on their website.

If you do the latter, you’ll just need to answer a series of questions about yourself and your property (or soon-to-be property).

From there, a Neighbors Bank loan specialist will get in touch to discuss loan options, eligibility, and mortgage rates.

It’s also possible to get pre-qualified for a mortgage if you’re still shopping for a suitable home.

Assuming you like what you hear, you’ll be prompted to begin the online digital mortgage application, which appears to be powered by fintech company Blend.

It allows you to perform most tasks electronically, whether it’s filling out the app itself, scanning/uploading documents, or eSigning disclosures.

Their online orrower portal is also where you’ll sign in to monitor your progress 24/7 and tackle your to-do list as you make your way to the finish line.

All in all, they make it easy to apply for a home loan and get status updates thanks to their use of the latest technologies.

Loan Programs Offered by Neighbors Bank

  • Home purchase loans
  • Refinance loans: rate and term and cash out
  • Conventional loans backed by Fannie Mae and Freddie Mac
  • FHA loans
  • VA loans
  • USDA loans
  • Low down payment loans
  • Fixed-rate and adjustable-rate options available in a variety of loan terms

Neighbors Bank offers both home purchase financing and mortgage refinance loans, and says it specializes in low down payment loans.

This means they serve first-time home buyers, along with existing homeowners who are looking to save money (rate and term refinance) or those in need of money (cash out refinance).

You can get a conventional loan backed by Fannie Mae and Freddie Mac, or a government-backed loan, such as an FHA loan, USDA loan, or VA loan.

Those main loan types cover much of the population, though borrowers looking for specialty loans may not find what they’re looking for.

It’s unclear if they offer home renovation loans, including FHA 203k or Fannie Mae HomeStyle, but there’s a decent chance they do.

However, there’s no mention of jumbo loans on their website, so those with larger loan amounts may need to go elsewhere.

The same goes for second mortgages, which don’t appear to be available at Neighbors Bank.

The good news is you can get a fixed-rate or adjustable-rate mortgage in a variety of loan terms, whether it’s a 30-year fixed, a 5/1 ARM, or something in between.

Neighbors Bank Mortgage Rates

One slight downside to Neighbors Bank is the fact that they don’t publicize their mortgage interest rates on their own website.

While you might come across them on third-party websites, it’d be nice if they posted daily rates directly for prospective customers to see.

Still, this doesn’t mean their mortgage rates are any less competitive than other banks and lenders, but it does mean you’ll need to get in touch with someone to find out where they stand.

As noted, you may also come across them if shopping rates online, as they do seem to advertise quite a bit on websites like Zillow.

From my own experience, they appeared to offer low rates, but perhaps not the absolute lowest of the many lenders listed on Zillow.

As always, put in the time to comparison shop with Neighbors Bank and other lenders to ensure you receive the lowest interest rate on your mortgage.

And don’t forget about the lender fees! To that end, Neighbors Bank doesn’t mention what fees they charge, so it’s unclear if they charge a loan origination fee or other common fees like underwriting or processing fees.

Neighbors Bank Reviews

On Zillow, Neighbors Bank has a solid 4.76-star rating out of 5 from about 80 reviews, with many highlighting the ease of working with them, along with the attention to customer service.

And on Google, they have a 4.7-star rating out of 5 from more than 200 customer reviews.

Additionally, they’ve got a 4.3-star rating out of 5 on Trustpilot from about 30 reviews, which while not as strong as the other ratings sites, is still considered “excellent.”

The company also has nearly 500 customer reviews on its own website, with a 4.8 out of 5 customer satisfaction rating and 96% saying they’d recommend Neighbors Bank.

Lastly, it’s unclear if the company is Better Business Bureau accredited or what their rating is, as I was unable to find their listing on the BBB website.

In summary, Neighbors Bank appears to offer the latest technology combined with a human touch, noting that both friendly, personal service and mortgage expertise are critical to the process.

Assuming their mortgage rates and lender fees are also competitive, they could be a viable option for your home loan needs, whether it’s a new home purchase or a refinance.

Neighbors Bank Pros and Cons

The Good

  • Can apply for a mortgage online in minutes
  • Offer a digital home loan experience and online borrower portal
  • Plenty of home loan programs to choose from
  • Licensed to do business nationwide
  • Excellent reviews from past customers
  • Free smartphone app

The Perhaps Not

  • Only one physical location
  • Do not publicize mortgage rates or lender fees
  • Don’t appear to offer jumbo loans or second mortgages

Source: thetruthaboutmortgage.com

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Higher mortgage rates may discourage some existing homeowners from selling and giving up record-low interest rates they got over the previous couple of years.

New listings during the four weeks that ended April 23 fell 22.4% nationwide from a year earlier, according to Redfin research. The lack of new homes for sale nationally may have had a positive effect on Dallas-based rental giant Invitation Homes, chief executive officer Dallas Tanner said Tuesday in a first-quarter earnings call.

Rental giant’s new South Texas factory to produce prebuilt homes for D-FW

Tanner said that “lock-in effect” limits supply, supporting home prices and rent growth and keeping renters in their homes. The company, which owned 83,000 rental homes nationwide as of March 31, faces the competitive market itself when selling its own properties.

D-FW Real Estate News

Get the latest news from Steve Brown and the business staff.

“We’re seeing evidence of this supply-and-demand imbalance when we list our homes for sale and receive multiple competing offers at great prices,” Tanner said.

In addition to the lack of inventory of homes for sale, Tanner said rising costs of homeownership are further driving the demand for single-family home leasing.

Nationally, the average monthly cost of owning an entry-level home in the U.S. was $3,428, while the average monthly payment to rent a similar home was $2,130, according to John Burns Research & Consulting.

In the Dallas-Plano-Irving metro division, the average cost of owning a single-family home was $3,389, over $1,000 more than the average cost to rent a similar home at $2,346, according to John Burns data. In the Fort Worth area, homes cost $2,900 to buy versus $2,023 to rent, a difference of $877.

Renting is still far less expensive in Dallas-Fort Worth than in other metros

Tanner said during a recession, more people may stay in rentals and the company could see more opportunities to grow.

“Since our inception, we’ve matured and performed through a variety of operating and macroeconomic environments, including a global pandemic and record-high inflation,” Tanner said. “Throughout this time, we’ve witnessed the resilience and the relative strength of our business.”

The lack of new inventory may also give Invitation an edge over smaller single-family rental companies struggling to grow their portfolios, Tanner said. Invitation, meanwhile, struck a deal with PulteGroup in 2021 to help bring thousands more rental homes to the market.

Nation’s biggest homebuilders could boost D-FW footprint during lending crunch

“As we see some of these smaller operators who are having trouble getting scale or sizing up, there could be potential [mergers and acquisitions] over the next couple of years,” Tanner said.

Investors purchased about 30% of all single-family homes in the Dallas-Fort Worth area last year, according to John Burns data. Companies like Invitation that own more than 1,000 homes represent only a sliver of the local housing market, far surpassed by small investors.

As of March, Invitation Homes owned 2,847 homes in D-FW with an average monthly rental rate of $2,128.

Demographic trends are favoring the company with more millennials reaching its average resident age of 39 and individuals and families wanting the convenience of leasing but the features of traditional single-family homes such as more space, garages and yards for their kids and pets, Tanner said.

“Today’s residents are requesting flexibility and choice, along with the appeal of a down-payment-light lifestyle.”

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Source: dallasnews.com

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Taking out a mortgage is the biggest financial obligation most of us will ever assume. So it’s essential to understand what you’re signing on for when you borrow money to buy a house.

What is a mortgage?

A mortgage is a loan from a bank or other financial institution that helps a borrower purchase a home. The collateral for the mortgage is the home itself. That means if the borrower doesn’t make monthly payments to the lender and defaults on the loan, the lender can sell the home and recoup its money.

A mortgage loan is typically a long-term debt taken out for 30, 20 or 15 years. Over this time (known as the loan’s “term”), you’ll repay both the amount you borrowed as well as the interest charged for the loan.

You’ll repay the mortgage at regular intervals, usually in the form of a monthly payment, which typically consists of both principal and interest charges.

“Each month, part of your monthly mortgage payment will go toward paying off that principal, or mortgage balance, and part will go toward interest on the loan,” explains Robert Kirkland, vice president, Divisional Community and affordable lending manager with JPMorgan Chase. Over time, more of your payment will go toward the principal.

If you default on your mortgage loan, the lender can reclaim your property through the process of foreclosure.

“You don’t technically own the property until your mortgage loan is fully paid,” says Bill Packer, executive vice president and COO of American Financial Resources in Parsippany, New Jersey. “Typically, you will also sign a promissory note at closing, which is your personal pledge to repay the loan.”

Key Takeaways

  • A mortgage is a loan that helps borrowers purchase a home. The home itself serves as collateral for the debt.
  • To qualify for a mortgage, you will need to supply proof of income, a list of your assets and debts, info for credit inquiries, and explanations of any financial gifts to purchase the home.
  • There are a variety of mortgage products available on the market.
  • Your monthly mortgage payment will include your loan principal and interest, plus your property taxes, homeowner’s insurance, and, if applicable, private mortgage insurance (PMI).
  • Learning mortgage lingo upfront can help you to be an informed borrower and ask the right questions throughout the application and payment process.

How does a mortgage work?

A mortgage is a loan that people use to buy a home. To get a mortgage, you’ll work with a bank or other lender. Typically, to start the process, you’ll go through preapproval to get an idea of the maximum the lender is willing to lend and the interest rate you’ll pay. This helps you estimate the cost of your loan and start your search for a home.

Starting the mortgage process

Applying for a mortgage is a thorough process, involving many steps on your end. To start, you’ll need proof of income (through paystubs and previous year’s tax returns), a list of assets (including brokerage statements, if applicable), a list of debts, personal data for credit inquiries, and letters explaining any financial gifts you receive for the home purchase such as help with a down payment from family members.

Once you gather your documents, you’ll apply for the mortgage through the lender’s website. Having all the documents ready to go can expedite the process of earning a pre-approval, since they can show their underwriters you indeed have the qualifications to pay for the mortgage.

Types of mortgages

There are several types of mortgages available to borrowers, including conventional fixed-rate mortgages, which are among the most common; adjustable-rate mortgages (ARMs); FHA, VA and USDA loans; jumbo loans; and reverse mortgages.

  • Conventional loans – A conventional mortgage is not backed by the government or government agency; instead, it is made and guaranteed through a private-sector lender (bank, credit union, mortgage company).
  • Jumbo loans – A jumbo loan exceeds the size limits set by U.S. government agencies and has stricter underwriting guidelines. These loans are sometimes needed for high-priced properties — those well above half a million dollars.
  • Government-insured loans – These include VA loans, USDA loans, and FHA loans, and have more relaxed borrower qualifications than many privately-backed mortgages.
  • Fixed-rate mortgages – Fixed-rate mortgages have a set interest rate that remains the same for the life of the loan (terms are commonly 30, 20, or 15 years).
  • Adjustable-rate mortgages – An adjustable-rate mortgage (ARM) has interest rates that fluctuate, following general interest-rate movements and financial market conditions. Often there’s an initial fixed-rate period for the loan’s first few years, and then the variable rate kicks in for the remainder of the loan term. For example, “in a 5/1 ARM, the ‘5’ stands for an initial five-year period during which the interest rate remains fixed while the ‘1’ indicates that the interest rate is subject to adjustment once per year” thereafter, Kirkland notes.

What is included in a mortgage payment?

There are four core components of a mortgage payment: the principal, interest, taxes, and insurance, collectively referred to as “PITI.” There can be other costs included in the payment, as well.

  1. Principal – the specific amount of money you borrow from a mortgage lender to purchase a home. If you were to buy a $100,000 home, for instance, and take out a loan in the amount of $90,000, then your principal is $90,000.
  2. Interest – interest, expressed as a percentage rate, is what the lender charges you to borrow that money. In other words, the interest is the annual cost you pay on the loan principal.
  3. Property taxes – your lender typically collects the property taxes associated with the home as part of your monthly mortgage payment. The money is usually held in an escrow account, which the lender will use to pay your property tax bill when the taxes are due.
  4. Homeowners insurance – homeowner’s insurance provides you and your lender a level of protection in the event of a disaster, fire or other accident that impacts your property. Often, your lender collects the insurance premiums as part of your monthly mortgage bill, places the money in escrow, and makes the payments to the insurance provider for you when the premiums are due.
  5. Mortgage insurance – your monthly payment might also include a fee for private mortgage insurance (PMI). For a conventional loan, this type of insurance is required when a buyer makes a down payment of less than 20 percent of the home’s purchase price.

How to find the best mortgage rate

To identify the mortgage that’s best for your situation, assess your financial health, including your income, credit history and score, and assets and savings. Spend some time shopping around with different mortgage lenders, as well.

“Some have more stringent guidelines than others,” Kirkland says. “Some lenders might require a 20 percent down payment, while others require as little as 3 percent of the home’s purchase price.”

“Even if you have a preferred lender in mind, go to two or three lenders — or even more — and make sure you’re fully surveying your options,” Pataky says. “A tenth of a percent on interest rates may not seem like a lot, but it can translate to thousands of dollars over the life of the loan.”

Sign up for a Bankrate account to determine the right time to strike on your mortgage with our daily rate trends. Bankrate makes mortgage loan comparison simple, so that you can weigh the various options and decide what loan product best fits your situation.

Important mortgage terminology to know

  • Amortization describes the process of paying off a loan, such as a mortgage, in installment payments over a period of time. Part of each payment goes toward the principal, or the amount borrowed, while the other portion goes toward interest.

  • An APR or annual percentage rate reflects the yearly cost of borrowing the money for a mortgage. A broader measure than the interest rate alone, the APR includes the interest rate, discount points and other fees that come with the loan.

  • “Conforming” refers to a conforming loan, a mortgage eligible to be purchased by Fannie Mae or Freddie Mac, the government-sponsored enterprises (GSEs) integral to the mortgage market in the U.S. These standards include a minimum credit score and maximum debt-to-income (DTI) ratio, loan limit and other requirements. Fannie Mae and Freddie Mac buy loans from mortgage lenders to create mortgage-backed securities (MBS) for the secondary mortgage market.

  • A “non-conforming” loan or mortgage doesn’t meet (or “conform to”) the requirements that allow it to be purchased by Fannie Mae or Freddie Mac. One example of a non-conforming loan is a jumbo loan.

  • The down payment is the amount of a home’s purchase price a homebuyer pays upfront. Buyers typically put down a percentage of the home’s value as the down payment, then borrow the rest in the form of a mortgage. A larger down payment can help improve a borrower’s chances of getting a lower interest rate. Different kinds of mortgages have varying minimum down payments.

  • An escrow account holds the portion of a borrower’s monthly mortgage payment that covers homeowners insurance premiums and property taxes. Escrow accounts also hold the earnest money the buyer deposits between the time their offer has been accepted and the closing.

  • A mortgage servicer is the company that handles your mortgage statements and all day-to-day tasks related to managing your loan after it closes. For example, the servicer collects your payments and, if you have an escrow account, ensures that your taxes and insurance are paid on time.

  • Private mortgage insurance (PMI) is a form of insurance taken out by the lender but typically paid for by you, the borrower, when your loan-to-value (LTV) ratio is greater than 80 percent (meaning you put down less than 20 percent as a down payment). If you default and the lender has to foreclose, PMI covers some of the shortfall between what they can sell your property for and what you still owe on the mortgage.

  • The promissory note is a legal document that obligates a borrower to repay a specified sum of money over a specified period under particular terms. These details are outlined in the note.

  • Mortgage underwriting is the process by which a bank or mortgage lender assesses the risk of lending to a particular individual. The underwriting process requires an application and takes into account factors like the prospective borrower’s credit report and score, income, debt and the value of the property they intend to buy. Many lenders follow standard underwriting guidelines from Fannie Mae and Freddie Mac when determining whether to approve a loan.

Additional reporting by Meaghan Hunt

Source: thesimpledollar.com

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Save more, spend smarter, and make your money go further

Last week I was in Athens, GA guest lecturing at the University of Georgia . I’m up there once a semester speaking with senior students who are about to graduate and go out into the “real” world. And while my agenda is to talk about credit reports, credit scores, and how the whole financial services system works, it usually ends up becoming a fairly lengthy Q&A session about how best to establish and build your credit. Here’s the deal…you have one chance to establish credit, that’s it. You can either do it the right way or the wrong way, but you can never have a mulligan. For those of you who’ve already built credit and managed it poorly (for whatever reason), you’re not going to have to build your credit; you’re going to have to re-build it. Here are some of the more common methods for each, and their pros and cons:

Opening A Secured Credit Card

A secured credit card is a legitimate credit card issued by a legitimate bank. You make a deposit at the bank and they will issue you a credit card with a credit limit equal to your deposit. Since you’ve essentially fully secured any purchases you’ll make with a cash deposit, banks are more willing to issue these cards to either new credit users or those who are trying to rebuild their credit. Additionally, you can open a secured card for as little as a $250 deposit, so it’s a nice option for people who have limited cash flow. Secured cards aren’t a good long-term option,however; the fees associated with these cards and the interest rates aren’t very good. But, you have to remember that you’re opening the card for a purpose and that purpose is to get something good on your credit reports. After a few years of paying the bills on time you may be able to convince the card issuer to convert the account to an unsecured credit card and refund your deposit. And because this is a credit building strategy, you’ll want to make sure you choose a card issuer who reports their secured card accounts to the credit reporting agencies. Otherwise, you’re just wasting your time.

Being Added as an Authorized User

An authorized user is someone who has been authorized to use a credit card issued to another person. Most of the time, parents will add their children to one of their existing credit cards, which allows them to have a card in their name but doesn’t convey any sort of liability for payment of the balance. The good news is that the account history is reported to the authorized user’s credit reports and can almost instantly establish them a solid credit history. This is my favorite option, as it really has no downside. I call the authorized user strategy “having a credit card with training wheels.” As long as the account is managed properly, then it’s a positive addition to your credit reports. And, this is a great option for consumers who have limited (or zero) cash flow or are already working hard to get out of debt. If the account is mismanaged by your parent (or spouse, as this is also common among spouses) then all you have to do is ask that your name be removed from the account and it will also be removed from your credit reports. In fact Experian, one of the major credit reporting agencies, will automatically remove the account history from the authorized user’s credit report if it becomes derogatory, “because an authorized user has no responsibility for repayment of the debt”, according to Rod Griffin, Experian’s Director of Public Education. “We will also remove the account at the request of the authorized user.” The good news for authorized users is that the FICO scoring system gives you full benefits for a properly managed authorized user account on your credit report, as long as you have a legitimate relationship with the primary cardholder. A few years ago, credit repair companies were trying to take advantage of the authorized user strategy to boost the credit scores of consumers who had bad credit. FICO figured out a way to filter out the consumers trying to game the system, so they won’t get the same benefit as a  legitimate parent/child or husband/wife relationship.

Co-signing For a Loan

Co-signing for a loan is when you sign the promissory note (the promise to pay back the loan) and accept equal liability for payments on someone else’s loan. The newly opened loan will likely end up on your credit reports and will help you to establish or re-build your credit. Co-signed loans are normally auto loans, personal loans, or mortgages. That’s where the good news ends. I don’t like this option for three reasons:

1) It’s unnecessary. You don’t establish credit any faster by obligating yourself to a huge loan than you do by opening a $250 secured credit card. Choose the path of least resistance!

2) You can’t change your mind. There is no such thing as “co-signing for credit only” although some consumers have tried to challenge this in court, unsuccessfully. When you co-sign you’re just as liable for payments as anyone else on the loan. If the payments start being missed, it’s your problem. You have to be prepared to make all the payments if you choose this option.

3) Missed payments will go on your credit reports. If the payments on the loan are missed then anyone who has signed for the loan (yes,  including you) will have a record of those missed payments reported on their credit reports.  And, if the loan goes into default any aggressive collection actions, including litigation, it will be targeted at you. I’m not a fan of co-signing for a loan EVER, unless you need two incomes to qualify for a mortgage.

John Ulzheimer is the President of Consumer Education at SmartCredit.com, the credit blogger for Mint.com, and a contributor for the National Foundation for Credit Counseling.  He is an expert on credit reporting, credit scoring and identity theft. Formerly of FICO, Equifax and Credit.com, John is the only recognized credit expert who actually comes from the credit industry. The opinions expressed in his articles are his and not of Mint.com or Intuit. Follow John on Twitter.

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As part of an agreement between HSBC and the Justice Department, HUD, the CFPB, and 49 state attorneys general (and DC’s), $470 million will be paid out to settle mortgage origination and servicing/foreclosure abuses.

The Justice Department noted that the settlement mirrors the $25 billion National Mortgage Settlement (NMS) agreed upon back in February 2012. The five largest mortgage servicers were part of that settlement, but HSBC was not.

This settlement is the result of negotiations that took place after the announcement of the NMS in which HSBC was presumably found to have taken part in similar abusive mortgage practices.

The agreement resolves violations related to HSBC’s so-called “deficient mortgage loan origination and servicing activities.”

The settlement will be overseen by Joseph A. Smith Jr., who is also the independent monitor of the NMS.

Like many other large banks at the time, HSBC was likely accused of underwriting faulty mortgages and then quickly foreclosing on the very same borrowers.

The bank shut its wholesale subprime lending arm Decision One in 2007, ceased wholesale and correspondent lending in 2008, and shuttered its retail brands HFC and Beneficial in 2009.

Nearly $60 Million in Cash Payouts to Affected Borrowers

Some $40.5 million of the proceeds will go to the settling federal parties, while another $59.3 million will be deposited into an escrow fund managed by the states in order to make payments to borrowers who lost their homes to foreclosure from 2008 to 2012.

It appears that homeowners in New York State were most affected by HSBC’s actions, with an estimated 136,000 mortgages accounting for 31% of HSBC’s overall loan portfolio.

In California, roughly 7,500 borrowers whose mortgages were serviced by HSBC and eventually lost to foreclosure will be eligible for a payment.

In a press release, California Attorney General Kamala Harris said eligible borrowers would be contacted about how to qualify for payments (e.g. claim forms in the mail), though it may not hurt to be proactive and reach out as well.

The amount of the payment will be dependent on how many borrowers actually file claims. California borrowers are expected to be eligible for around 10% of the funds.

$370 Million in Relief for Existing Homeowners

The bulk of the money, $370 million, will be allocated to consumers affected by the bank’s lending practices during the housing boom and subsequent bust that still own their homes.

By July of this year, HSBC will complete the relief by taking the following actions:

– Reducing the principal balance on mortgages for borrowers who are at risk of default
– Reducing mortgage interest rates
– Refinancing of underwater mortgages
– Forgiving forbearance
– Other non-specified forms of relief

Additionally, HSBC will be required to improve their servicing standards by doing the following:

– Making sure a foreclosure is a last resort
– Restricting foreclosure while considering a loan modification
– Implementing procedures and timelines for loan mods
– Providing homeowners the opportunity to appeal denials
– Creating a single point of contact for borrowers seeking information

Per usual, this agreement doesn’t preclude borrowers from pursuing their own lawsuit against the bank, nor does it prevent state and federal authorities from pursuing criminal enforcement actions.

Source: thetruthaboutmortgage.com

Apache is functioning normally

A year may seem like a short period of time, but you can accomplish a lot, including developing a one-year savings plan that can help you hit some significant financial goals. A plan that lasts 365 days can give you, as an earner, the opportunity to save and feel a sense of accomplishment.

In other words, a year from today, you could be richer than you are now, or potentially have a better emergency fund. Or, if you are diligent, you may be on your way to funding a European vacation or finally redoing that dated bathroom.

Of course, creating a plan that will work for your unique situation does require a bit of upfront effort. That’s exactly what you’ll learn when you read on.

Decide What are You Saving For

Before you even glance at your budget, it’s important to get clear about exactly what you’re saving for. Creating a specific objective can give you the information you need to create a solid plan to make it happen — it might also help motivate you to stick to that plan once you’ve made it.

cost of living to settle on something that will likely be achievable in just a year. For instance, maybe this year you want to stash cash for one of the following:

•   A vacation you’ve been dreaming of for years (pending pandemic complications, of course).

•   A down payment for a new car.

•   A down payment (or significant portion thereof) for a new home.

•   Long-awaited home improvements.

•   Putting extra money away for retirement.

You may be familiar with the idea of SMART goals — that objectives are most easily met when they’re Specific, Measurable, Achievable, Relevant and Time-bound.

In the world of one-year savings plans, that means coming up with a specific dollar figure for your goal and making sure it’s relevant enough to your life to keep you motivated.

You probably also want to consult your earnings and expenses to ensure that it’s a realistic goal; it’s going to be a lot harder to save up $5,000 if you’re making $30,000 than it is if you’re making $60,000. (You’ll learn more about budgeting and cuts in just a second.) Divide your total goal by 12 to see how much it would require you to set aside each month, which will give you better insight as to how achievable it really is.

Once you’ve got your goal worked out, write it down and post it in a prominent place in your home, like on your refrigerator. Studies have shown that you’re more likely to reach your financial goals if you take this simple action, so it’s worth picking up your pen!

How To Create a One-Year Saving Plan You’ll Stick To

Now that you’ve got a goal in mind, you still need to figure out how to turn it into a reality.
Here are some ideas on how you could do it..

Start with Your Existing Budget

You can’t make any big changes to your finances if you don’t know what they look like in the first place. And that means the first step toward revamping your budget is to take a closer look at how it looks right now.

If you don’t have a budget yet, take a month to track exactly where all your money is going. Be sure to include both regular, fixed expenses, like rent and insurance, as well as more flexible, discretionary spending like food and transportation. Be brutally honest. Tacking every cent of fixed vs. variable expenses will give you the best chance at figuring out how to spend less.

Which leads us to our next step…

Get Creative with Budget Cuts

There are really only two ways to save money: make more of it, or spend less of it. And while asking for a raise or starting a side-hustle might be smart moves, you only have so much leeway with your boss and time in your day. In other words, you likely have more control of how much you spend than how much you earn.

Since this is an elevated, short-term savings goal, you might be able to make more substantial cuts than you would if you were planning on implementing this savings strategy for the rest of your life. There are simple ways to cut down monthly expenses and save money daily. For instance, could living without streaming services be possible? Or could you quit dining out for one month and then vow not to buy any new clothes the next? A challenge like that can engage some people’s competitive spirit.

Even without these measures, how can you dial down your own living expenses? You might quit buying overpriced, pre-packaged convenience foods or find ways to get creative with ramen. Maybe you can start doing your own oil changes rather than taking the car in for service. Think of this as an opportunity to learn some new life skills while also stashing some extra cash!

Recommended: How to Save Money on Gas

Regardless of how you get there, your goal is to be able to set aside the monthly amount you’ll need to meet the one-year savings goal you wrote down and pinned to your bulletin board. So get out your calculator, and don’t be afraid to get creative.

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Open a SoFi Checking and Savings Account and start earning 1% APY on your cash!

Make a Plan for Your Investments

No matter how much money you save, it won’t go as far as it could if you just stash it under your mattress. Figuring out where to put your savings is an important step in your planning.

Different kinds of savings accounts are used to help individuals save for different goals.

•   For example, a long-term goal like retirement may be best suited for an investment vehicle like a Roth IRA, which offers some tax advantages.

•   For shorter term goals like starting an emergency fund, an account that offers more flexibility and has less restrictions, like a high yield savings account, may be a better option.

Keep it Simple

Having a plan is one thing. Sticking to it is another. But if you keep a simple savings plan, you’ll stand a much better chance of actually making it work.

automating your finances by setting up recurring transfers can direct a portion of each paycheck into your savings account. This makes saving seamless — and ensures you don’t get stuck in that all-too-familiar situation at the end of the month where you accidentally spent what you intended to set aside.

And building in systemic cuts that you don’t have to think about (like ditching that monthly subscription box, for example) is a lot easier than poring over the coupon book every Sunday.

Recommended: Money Management and Setting Financial Goals

The Takeaway

Like any money goal, your one-year savings plan is going to take some grit to get to. But having the right tools at your disposal does make the process a whole lot less painful. Whether that means choosing one of the many budgets out there to find one that suits your style or using an app your financial institution provides, there are ways to enhance your money management.

A SoFi Checking and Savings Account offers you an easy birds’-eye view of your finances, and its Vaults feature allows you to set aside savings for specific goals and purposes.

Best of all, there are no account fees, you’ll benefit from a competitive annual percentage yield (APY), which can help your money grow faster.

SoFi: Helping you achieve your financial goals.

SoFi® Checking and Savings is offered through SoFi Bank, N.A. ©2023 SoFi Bank, N.A. All rights reserved. Member FDIC. Equal Housing Lender.

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

SoFi members with direct deposit can earn up to 4.20% annual percentage yield (APY) interest on Savings account balances (including Vaults) and up to 1.20% APY on Checking account balances. There is no minimum direct deposit amount required to qualify for these rates. Members without direct deposit will earn 1.20% APY on all account balances in Checking and Savings (including Vaults). Interest rates are variable and subject to change at any time. These rates are current as of 4/25/2023. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
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Source: sofi.com

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The debt ceiling debate is all over the news, but it’s a different ceiling is commanding more of the bond market’s attention.  Still, we wouldn’t say the debt ceiling is irrelevant, so let’s take a brief moment to address its implications for the housing and mortgage markets.

The most direct effect of the debt ceiling debate is a general ebb and flow of risk sentiment in the market.  If it’s resolved without issue, investors may be slightly more interested in buying stocks and selling bonds.  The latter puts upward pressure on interest rates and it was the general theme this week.

The 10yr Treasury yield is a good benchmark for rate momentum.  Some of this week’s upward momentum may be attributed to potential progress on the debt ceiling, but we really didn’t see any compelling evidence that traders were on the edge of their seats over political drama.  It would take a true “default” on US debt to roil markets, and that’s tremendously unlikely.

Markets found the Fed and the economic outlook to be much more worthy of attention this week.  Retail Sales data on Tuesday morning set the tone for the week.  Traders were more receptive to the slew of Fed speakers who echoed the same general sentiment: the fight against inflation is far from over and the data will determine when the Fed is done hiking rates.

At the start of the month, just after the last Fed meeting, market participants had almost fully priced out  additional rate hikes.  By the end of this week, we’re back up to nearly a 50% chance of another hike in June (rate outlook of 5.0% moved up to 5.11%, which is about half of a 0.25% rate hike).

The Fed’s comments and the economic data had an even bigger impact on longer-term rate expectations.  Here’s how the market view’s December’s Fed meeting:

Economic data remains mixed.  There are certainly ways to conclude it spells trouble for the economy, but there is resilience on several fronts.  Even though Retail Sales could be considered underwhelming in month-over-month terms, it has held up far better than many analysts expected relative to how far above trend it has been.  

More of the negative evidence against the economy is seen in the most rate-sensitive sectors like housing.  This week’s Existing Home Sales numbers weren’t terribly encouraging.

But it’s worth remembering that ultra low inventory is not just a talking point for housing market cheerleaders.  It’s legitimately suppressing sales numbers.  Incidentally, it also stands as evidence that 2023 is nothing like 2008.

Things are a bit better for the new home market since builders don’t have to wait for a home seller to decide to move or refinance before those units come to market.  Construction numbers show a moderate correction from the highs, but are still in line with the pre-covid trend.

Builders had been pretty bummed about the surge in interest rates in 2022, but this week’s NAHB Index (essentially “builder confidence”) suggests their mood is improving.  The index rose from 45 to 50, handily beating the median forecast of 44.

The economic resilience and the Fed’s reminders about the rate outlook  came at a time where the bond market was increasingly running out of room to maneuver inside the prevailing range.  The result is a breakout from that range, seen most easily in terms of 10yr Treasury yields moving over 3.60%.

And to reiterate, the 10yr yield is a good benchmark for mortgage rates.  They broke out too.

These breakouts mean that the market isn’t oblivious to the risk that it’s not yet time for the big reversal toward lower rates.  The saving grace is that the market also isn’t convinced rates need to be any higher than they were earlier this year or late last year.  Sure, we may be breaking the ceiling of the more narrow, more recent range, but there’s a longer-term consolidation that remains very much intact.  This is the debate that we feel will take weeks or even months to resolve.

In the meantime, volatility can pop up inside these ranges.  There will be ups and downs depending on data and events.  Next week’s biggest tickets in that regard the PCE inflation data on Friday and a slew of additional Fed speeches throughout the week.

Source: mortgagenewsdaily.com

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Looking to learn how to get $20 PayPal now?

Whether you want to learn how to get $20 in 5 minutes or if you have a little more time such as a day or even a week or so, there are many ways to learn how to make $20 fast so that you can make extra income and real money.

Earning an extra $20 through PayPal may seem like a daunting task at first when you are in real need of making money fast, but it is doable.

In this article, I’ll introduce a few simple ways to get $20 in your PayPal account, allowing you to use the extra cash for whatever you need.

Whether you have a last minute bill that you need to pay, or if you are looking to put a little extra money into your savings (for example, maybe you’re just looking to put an extra $20 a week towards a vacation fund), there are many ways to make $20 right now.

You may decide to find a part-time gig answering questions online, freelance writing, dog sitting, or more. These are just a couple of the many ways to earn $20 with PayPal.

Some of the ways mentioned today may allow you to work from home, such as from your cell phone or your laptop.

Related content:

How To Get $20 PayPal Right Now

Quick Online Methods to Get $20 PayPal Now

There are many sites that may allow you to make $20 fast, and all from home. Some quick online methods that you can do starting today include the below.

Swagbucks

Swagbucks is one of my favorite websites to make easy money online, as it offers a variety of tasks like watching videos, taking surveys, playing games online, and searching the web.

I usually earn points and redeem them for PayPal cash or free Amazon gift cards (I’ve actually earned over 110 gift cards from Swagbucks!), and with a good number of things you can do to earn points available, getting $20 is doable in a short amount of time.

You can join Swagbucks by clicking here and get a free $10 sign up bonus.

Survey Junkie

By taking surveys on Survey Junkie, you earn points that can be converted into PayPal cash, helping you to quickly reach your $20 goal. The surveys are easy to complete and allow you to share my opinions on different topics.

You can sign up for Survey Junkie by clicking here.

Branded Surveys

Branded Surveys is another survey platform that can help you earn extra money. After earning Branded Surveys points, you can cash out via PayPal. There are over 3,000,000 users who take surveys on this website, so it is very popular!

You can sign up for Branded Surveys by clicking here.

American Consumer Opinion

As a member of American Consumer Opinion, you get the chance to participate in product testing, surveys, and even earn cash for referring friends.

You can typically earn anywhere from $1 to $5 for a survey, which mainly depends on the length of the survey. Longer surveys typically pay more than shorter ones.

You can sign up for American Consumer Opinion by clicking here.

Ibotta

Ibotta is a cash back website that gives you a $10 sign up bonus for signing up once you spend $30. You can get cash back for shopping at stores such as The Home Depot, Best Buy, Chewy, Walmart, Old Navy, and more.

You can sign up for Ibotta by clicking here.

MyPoints

As an online reward platform, MyPoints can be a useful tool for you to make extra money through surveys, online shopping, and even watching videos.

By completing various tasks and earning points, you’re able to cash out your earnings to PayPal and make $20 in a short amount of time. They have given out over $236,000,000 in rewards over the years.

You can sign up for MyPoints by clicking here.

User Interviews

User Interviews can help you to make extra money by participating in online research studies and interviews. With a variety of interesting topics and user-friendly platform, making $20 and getting paid through PayPal is an achievable goal, as there are many focus groups on this website that pay over $100 per hour.

They launch over 2,000 studies each month and are always looking for new participants.

You can sign up for User Interviews by clicking here.

You can learn more about the highest-paying survey sites and how to test new products at 18 Best Paid Survey Sites To Make $100+ Per Month.

Freelance Opportunities for $20 PayPal

Another option is to take on some freelancing jobs. By freelancing online, you may be able to earn $20 by the end of the week (and usually much more money!).

See what skills you have to offer, and then list your services online.

Fiverr

Fiverr is a platform to offer your services and quickly make $20 with PayPal as a payment method.

There are many different categories to choose from, such as graphic design, voice over, illustration, writing, translation, online tutoring, and marketing. You can click here to see the many different types of job categories that they have listed on their website

You can set your own prices and gig extras to maximize your earning potential. When you complete your tasks, and the clients approve them, the payment gets transferred to your PayPal account.

Freelance Writing

A freelance writer can easily earn $20 fast. A freelance writer may write for many different types of clients, such as a website, magazine, marketing department, book publishers, and more.

You may be writing articles, blog posts for SEO, marketing content, newsletters, press releases, and so much more.

You can learn more in my article 14 Places To Find Freelance Writing Jobs – (Start With No Experience!)

Proofreading

As a proofreader, you are looking for misspelled words and punctuation mistakes in written content such as articles, blog posts, advertisements, resumes, and newsletters.

You can learn how to find jobs at 20 Best Online Proofreading Jobs For Beginners To Earn $40,000+ Each Year.

Alternative Ways to Earn $20 PayPal Fast

If you want to learn how to make $20 fast, there are many other ways to make this possible.

Below, I will be talking about how you can sell your stuff online, micro-investing, getting cash back when shopping online, renting out a spare room, pet sitting, and even getting a personal loan.

Sell Your Stuff Online

One method for earning $20 on PayPal is by selling your used and unused items online. You may be able to sell an old cell phone that is sitting around (such as from maybe when you upgraded your last phone, or if you even have an old phone that has a cracked screen), clothing, jewelry, appliances, and more.

Many platforms, such as eBay, Poshmark, Facebook Marketplace, Craigslist, and Decluttr, allow you to create listings and accept payments through PayPal.

This not only helps you to declutter your space but also turns your belongings into some extra cash. Plus, you can get $20 instantly by doing this as there are probably many items in your home that you can sell right at this very moment.

Acorns Micro-Investing

Acorns allows you to link and round up transactions from both debit and credit cards and essentially invest their spare change. Acorns also does 2x, 3x, and 10x multipliers on round-ups so you can maximize your investments and have a more diverse portfolio.

For example: If you use a linked card to buy a $4.22 latte, Acorns will round it up to $5 and invest the $0.78 difference. Turning on round-ups will increase your investment to $1.56, $2.34, or $7.80.

You can click here to sign up for Acorns.

Shopping Online with Rakuten

Rakuten is a cashback website. You can earn cashback for simply shopping online.

By signing up for Rakuten today, you can also get $30 as a welcome bonus after you spend $30.

Plus, this is for shopping online at many of the stores that you probably already shop at, such as Walmart, Target, Best Buy, Old Navy, Chewy, and more.

You can learn more and sign up here.

Rent out a spare room

If you have a spare room in your home, you may want to consider renting it out on platforms such as Airbnb or finding a long-term roommate to make extra money.

This will, of course, earn you much more than $20, but I wanted to mention this here because it can be a way to make consistent money each month if you are looking for more ways.

To learn more about renting out your spare room, please read A Complete Guide To Renting A Room To Make Extra Money.

Babysitting and Dog Walking

Another way to make quick money is by babysitting kids or providing dog walking services in your local area.

Websites such as Care and Rover make it easy to connect with families in need of a babysitter or a pet owner looking for a dog walker or pet sitting.

You may be watching the children or pets in your own home or their customer’s home – it simply depends on what type of service you want to offer. Sometimes people like to be in their own home, whereas other times maybe you would rather go over to the client’s home for the services.

The gig economy has been a fantastic option for earning extra money, and these platforms make it easy to get paid through PayPal, direct deposit, or cash.

Albert – quick personal loan

If you need cash now and the above options will not work for you, a company called Albert may be able to give you a small advance of up to $250.

There are no late fees, interest, or credit check. If you want to avoid personal loan lenders who have high interest rates, and only need a small cash advance, then Albert may be a place to start with. Albert is available in the App Store and Google Play. How this works is that they send you $250 from your next paycheck. You simply repay them when you receive your next paycheck.

You can learn more about Albert here.

What app can I get $20 from?

There are many apps that can help you learn how to make $20 right now.

These may include:

This may be available on your laptop, tablet, or cell phone (Android or Apple).

How can I get $20 right now?

If you want to learn how to get $20 right now, then I hope you enjoyed today’s article and are able to try a few of the options listed above.

There are many other ways to get $20 in PayPal right now, from taking up side hustles to searching for free money in your spare time.

From earning sign up bonuses from a simple online purchase to selling your used items on Facebook Marketplace to taking online surveys to taking on odd jobs, there are many ways to earn $20 fast.

Whether you are looking for $20 in PayPal cash, a direct deposit of $20, or visa gift cards, there are many ways to earn $20 and more quickly.

Do you want to learn how to get $20 PayPal now? What tips do you have to share?

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Source: makingsenseofcents.com