• Sara Hayat scoured industry sources near and far to find a fill that would give the Bevel a bit of bounce while ensuring its cushions would retain their pebble-like shape. Indeed, each velvet-upholstered seat cradles a person perfectly. As it should: It takes the team about a month to hand-stitch this low-slung belted beauty. $28,495

  • Minotti who passed away in August, played with the idea of balance in the Solid Steel coffee table, despite the heavy-metal inference of its moniker. Party-ready glossy and mirrored finishes belie the architectural geometry of the streamlined, staggered slabs. Even with its fashion-forward feel (or backward: the materials reference 1970s glamour), it evokes an unflinchingly Bauhaus sensibility. Price upon request

  • Astraeus Clarke found inspiration in N.Y.C. The Roebling table lamp takes its form, albeit loosely, from the Brooklyn Bridge and its name from the bridge’s engineers, John A. Roebling and his wife, Emma. The lamp’s deep-green marble pillars support a gable-shaped top that hides the light source. But there’s a twist: That top segment pivots 360 degrees, allowing the user to direct illumination as needed. $12,500

  • New Ravenna. Duo, a waterjet mosaic, features boxy, mustard-toned cross-stitches that punctuate a large, dark grid over elegant marble with green veining. The coastal Virginia–based company replicates the texture of stone that has been well-worn by salt air, ensuring your kitchen, bath, or patio looks suitably lived-in. $229 per square foot

  • Source: robbreport.com

    Apache is functioning normally

    Apache is functioning normally

    The Gateway to the West, as the 300,000+ residents refer to their fair city, is an increasingly beautiful, appealing place to park your residence and settle in.

    The city has affordable housing in tons of neighborhoods you’ll love exploring, with parks, zoos, museums and activity centers galore, plus tons of art galleries and amusements and amazing dining. The toasted ravioli isn’t all this city has to offer!

    Of course, if you’re not sure what the best neighborhoods in St. Louis are right for your personal needs, our list below should help you figure that out pretty quickly — at least on where to start that apartment search!

    • Median 1-BR rent: $1,767
    • Median 2-BR rent: $1,662
    • Walk Score: 60/100

    The Central West End is a neighborhood that’s perfect for both young professionals and singles. It’s an ideal location between St. Louis University and Forest Park. In addition, there’s access to several reputable high schools and places of higher education.

    The commercial area of this neighborhood has a lot to offer, such as restaurants and walkable shopping locations, live music venues, pubs, nightclubs and bars. There are so many fun things to do that you won’t get bored.

    • Median 1-BR rent: $1,156
    • Median 2-BR rent: $1,426
    • Walk Score: 60/100

    Downtown St. Louis is a great place to live for many reasons, the No. 1 reason being its easy access to all the important stuff happening in the city. While there are some prominent tourist attractions that everyone knows about, like the Gateway Arch, there’s still plenty of other things that residents can do.

    Another great reason to pick downtown is that you have so many available housing options. There’s almost an endless variety of condos and loft apartments. Often, these are in refurbished buildings with enough character to set them apart.

    • Median 1-BR rent: $1,205
    • Median 2-BR rent: $1,820
    • Walk Score: 80/100

    Lafayette Square is just south of Downtown and one of the best neighborhoods in St. Louis. Compared to the Downtown area, Lafayette has a slower speed. There are quiet streets lined with townhomes that fit snuggly in between any number of grand Victorian homes.

    The center of this area is Lafayette Park, a 30-acre green space, used by locals for dog walking, jogging and strolls and is where many annual events occur, including regular concerts, food festivals and movie nights. It’s the perfect place to call your own in the midst of a friendly community.

    • Median 1-BR rent: $1,385
    • Median 2-BR rent: $1,900
    • Walk Score: 60/100

    Soulard is the place to live if you’re the kind of person who loves the nightlife. Soulard has a wide variety of restaurants, bars and yearly festivals that will help keep you entertained. In addition, the annual Soulard Mardi Gras is one of the most significant events of its kind in the United States.

    Besides parties, there’s a lot of variation in the housing offered. The housing styles include alley houses, brick rows, Victorians and more for reasonable prices. In addition, this location provides easy access to the downtown area, right off I-55.

    • Median 1-BR rent: $1,002
    • Median 2-BR rent: $1,200
    • Walk Score: 64/100

    Debaliviere Place is an excellent neighborhood for renters who want to live in more upscale condos and apartments. There are also several single-family houses alongside apartments in the older high-rise buildings. This neighborhood is an excellent choice for any students who attend nearby Washington University.

    Debaliviere is also a short distance from both Central West End and Forest Park and all the attractions those two areas offer, so you’ll have easy access to Forest Park, the St. Louis Zoo, many museums and lots of green space.

    • Median 1-BR rent: $2,014
    • Median 2-BR rent: $2,699
    • Walk Score: 83/100

    Tower Grove is an excellent choice for those looking for a place with easy walking access to various amenities. One of the best neighborhoods in St. Louis has a mixture of residential and commercial areas, so you can find a wide range of choices for dining, shopping and drinking. The food selection is worldwide and includes choices like Ethiopian, Vietnamese and Moroccan food.

    In the center of Tower Grove is its namesake park. This Park plays host to a wide range of yearly events, including concerts and other festivals. It makes the perfect center for a family-friendly community.

    • Median 1-BR rent: $1,156
    • Median 2-BR rent: $1,426
    • Walk Score: 60/100

    Forest Park is a trendy place to live with many attractive qualities. First is the namesake park, which has a trolley that people can use to see several local attractions. The Park is home to several museums, outdoor music venues and locations for exhibiting art. Its best-known feature is the free St. Louis Zoo, which houses over 12,000 animals and 500 different species. This zoo is world-famous for the care it gives animals and the zoo’s contributions to wildlife conservation.

    If those aren’t enough, there are a plethora of places to eat and shop. In addition, you can walk the nature trial, which includes a 75-foot tall waterfall. The part also provides areas for boating, handball and tennis.

    • Walk Score: 60/100

    Benton Park is on St. Louis’ southside and west of Soulard. The neighborhood goes back to 1866, when the city originally founded it as a cemetery. An artificial lake and rustic bridge still serve as reminders of the past.

    The unique attractions of the area, outside the great shopping and dining, is the expansive network of underground caverns that attract beer makers to the area. When the brewing industry exploded, German architects moved to the site and helped construct several beautiful buildings still standing. This red-brick architecture found in Benton Park adds to the already attractive neighborhood for young professionals.

    • Walk Score: 81/100

    The Hill neighborhood offers a unique experience within St. Louis for those who love Italian culture and cuisine. In addition, the Hill is very friendly towards those who like to walk with various stores, restaurants and bars within a reasonable distance.

    One of the best neighborhoods in St. Louis is marked by having all its fire hydrants painted with the Italian flag. As you explore this neighborhood, you’ll discover many high-quality eateries delivering an authentic Italian dining experience. Gitto’s and Mama’s are two of the more popular places to eat.

    Source: Rent./Westminster Place
    • Median 1-BR rent: $715
    • Median 2-BR rent: $1,070
    • Walk Score: 79/100

    For those wanting a cultural center, Grand Center might be the place for you. This area is home to the famous Fox Theater, which regularly showcases comedy shows, plays and musicals. The St. Louis Symphony makes their home at the local Powell Hall, a former vaudeville house. In addition, there are regular art walks and open galleries for the public to view the latest art.

    This cultural hot spot also offers plenty of places to go after seeing a show. There’s easy access to several shops and restaurants, all within walking distance. And with the affordable rent and high walkability, the neighborhood is the perfect spot for young singles, couples or professionals looking for the good life without the extra cost.

    • Median 1-BR rent: $1,100
    • Median 2-BR rent: $1,500
    • Walk Score: 62/100

    The St. Louis Hills neighborhood offers several competitively-priced homes of various sizes to meet the different needs of singles and small families. While it doesn’t have the most accessible access to shops via walking, there are still a good number of bars, shops and restaurants that you can enjoy.

    One of St. Louis’ most famous frozen custard locations, Ted Drewes, is here. This restaurant has been operating here for 80 years. Enjoy!

    • Median 1-BR rent: $1,156
    • Median 2-BR rent: $1,426
    • Walk Score: 60/100

    For those looking for a primarily residential area, Highway-Pointe (or simple “Hi-Pointe”) has some great features. It’s admittedly not the most walkable of all neighborhoods in St. Louis, but there are many great things to see and do within a quick drive from home. There are coffee shops, the Hi-Pointe Theater and the Hi-Pointe Drive-in restaurant. Other nearby locations that add to the appeal of living here include the St. Louis Zoo and the St. Louis Museum, making this one of the best neighborhoods in St. Louis.

    Source: Rent./Giles Ave.
    • Median 1-BR rent: $625
    • Median 2-BR rent: N/A
    • Walk Score: 74/100

    Dutchtown isn’t St. Louis’ largest neighborhood. However, it does have the highest population. As a result, this neighborhood offers a wide variety of shopping places, all easily accessible by walking. In addition, this community provides a wide range of highly-rated restaurants to experience.

    This district has several high-quality schools that make for an additional incentive for moving here. St. Alexius, an excellent and renowned hospital, is also here, meaning this is a great neighborhood for medical care workers — easy access!

    • Median 1-BR rent: $1,156
    • Median 2-BR rent: $1,426
    • Walk Score: 60/100

    The Northampton neighborhood offers reasonably-priced apartments for singles and small families. In addition, it’s a neighborhood known for having some of the best school programs in the area. These high-ranking schools cover every level of education.

    A short distance away from this neighborhood is the Hampton Village Shopping Center, which has numerous shops and restaurants that cater to various tastes.

    • Walk Score: 71/100

    The Southwest Garden neighborhood offers a lot to do for its residents. The neighborhood itself is right across from the always beautiful Missouri Botanical Garden. In addition, there are a few quality places to eat and shop just a walk away.

    Several regional companies have local offices in this area, as well, and there’s Sublette Park, a popular destination for days with good weather.

    Find the best St. Louis neighborhood for you

    St. Louis has tons of amazing neighborhoods, many of which are easy to walk and explore on your days off. So, if you’re looking for the best apartments for rent in St. Louis, these are where it’s at — from super budget-friendly to the poshest parts of town. Whatever you’re looking for, it’s here in on of the best neighborhoods in St. Louis!

    The rent information included in this article is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent. as of November 2021 and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

    Source: rent.com

    Apache is functioning normally

    Apache is functioning normally

    You can get an apartment with bad credit, but it may take some strategizing. Apartment applicants with low credit scores can boost their odds by applying with a cosigner, paying more upfront, offering references, or changing the type of units they apply to.

    In today’s housing market, you want every possible advantage on a rental application. While letters of recommendation and a solid rental history will get you far, more and more landlords want a high credit score. As a result, it isn’t uncommon to ask if you can get an apartment with bad credit.

    While it takes some strategizing, you can get an apartment with low credit. To help you along, we’ll explain how credit impacts your application, explain steps you can take to compensate for low credit, and share tips on boosting your score.

    How Credit Impacts Getting Approved for an Apartment

    Many landlords and renters run a credit check as part of their rental application process. Like lenders, landlords check your credit to see if you can pay your bills on time. Because renting is an investment, property owners want to minimize risk. So, they assume tenants with high credit are more likely to pay their bills on time.

    Remember that your credit score isn’t the only factor on a rental application. While a high score helps, the details on your credit report matter, too. How you got a high or low score can sway property managers one way or the other. 

    What Credit Score Do You Need to Rent an Apartment?

    The score you need depends on the unit. Some rental companies provide an ideal range for their listings. A score of 620 or higher will generally keep landlords from denying your rental application. However, some landlords will expect more, while others don’t look at your score at all.

    What Do Landlords Look for on a Credit Report?

    Renters may treat your credit score like a headline, but there’s more to a credit report than a number. Credit reports tell a story about your spending habits and income. To help landlords pick reliable tenants, a rental credit check includes:

    • Rental history: Some landlords report rent payments to credit bureaus. As a result, evictions, broken leases, and late or missing payments may appear.
    • Employment history: Current or past employers may show up on a credit report. Typically, they only appear if you listed them on a credit card application or loan.
    • Payment history: Credit reports show your history of payments to lenders. Late or missing payments will lower your score and work against your rental application.
    • Debts: Current and past debts show up on your credit report. By providing payslips, landlords can calculate your debt-to-income ratio. If you make enough to repay your debts responsibly, that improves your application.
    • Delinquent or collections accounts: An account is delinquent if you miss a payment due date. If you miss enough payments for lenders to transfer your account to a collection agency or sell it to a debt buyer, it becomes a collections account. Both of these hurt your credit score.
    • Bankruptcy status: Bankruptcy filings will affect your credit score. Landlords may take recent bankruptcies as a sign that you’re a high-risk tenant.
    • Derogatory remarks: These remarks refer to negative items on your credit report. They include auto repossessions or foreclosures. They hurt your score and hamper a rental application.

    Landlords gauge the risk they pose by looking at how applicants spend their money. Someone with a high income but a history of late payments may not make the cut. On the other hand, someone who filed for bankruptcy years ago may be more responsible now.

    How to Get an Apartment with Bad Credit

    While a low score sets you back, you can learn how to get approved for an apartment with low credit. By following these methods, you can get a leg up in rental applications:

    Make an Upfront Payment

    Putting down more money upfront can give you an edge on rental applications. Landlords will usually request a security deposit or the first and last month’s rent upfront. To sway a landlord’s opinion, offer the first three months’ rent or put down a higher security deposit.

    At the end of the day, renting is an investment. If you can show your landlord that you’ll give them a reliable ROI, it’s all the more likely they’ll accept you. As a bonus, paying more in advance saves you a financial burden for the next few months.

    Find a Guarantor or Cosigner for Your Apartment

    If a landlord can’t trust you to make payments, you can get someone to sign your lease with you. Someone with a great credit score who signs on with you can assuage a property manager’s worries. However, remember that the person who helps you takes on financial risk. You have two options for this approach:

    • Cosigners sign a rental agreement with you and share the financial responsibility for it. They must do so on your behalf if you can’t or won’t pay rent.
    • Guarantors share cosigners’ responsibilities, but they have fewer rights. More specifically, they vouch for you and can make payments on your behalf. However, they aren’t entitled to reside in your unit.

    Offer References and Supporting Documents

    While credit reports outline your financial history, you aren’t the sum of your spending decisions. You can offer other documents to show your responsibility in an apartment application. Additionally, these documents can prove you can pay rent each month. Some examples of supporting documents include:

    • Payslips: Offer pay stubs that show you make enough money to pay rent each month.
    • Letters of recommendation: Reference letters from a friend or employer can attest to your character and responsibility.
    • Proof of reliable rental history: Account statements and landlord testimonials can prove you always pay rent on time.
    • A snapshot of your savings account: If all else fails, you can show landlords you have the money to make rent. Be sure to censor sensitive information on your snapshot.
    • Utility payments: A history of on-time utility payments shows your trustworthiness.

    Find Apartments to Rent with No Credit Check

    While credit checks are common, not all landlords require one. While these properties aren’t the most competitive, that isn’t always a problem. Apartments with no credit check tend to cost less than ones with one.

    If you’re looking for another option, some landlords advertise units with low credit requirements. Again, these properties set a low credit requirement for a reason. That said, if you inspect the unit and it looks good, this route can save you a headache. As you live in low-credit apartments, you can build your score for future applications.

    Adjust Your Expectations

    If you can’t get around a credit check, reassess the kinds of apartments you can apply for. This isn’t to say you should only apply to units in poor condition. Instead, consider what you’re willing to compromise on. You may have an easier time qualifying for an apartment:

    • Farther away from your work or downtown area
    • Without amenities like a gym or pool
    • That doesn’t include parking
    • With less square footage than you’d prefer
    • If you apply with a roommate

    Bear in mind that compromising on these points means the apartment may cost less. While living in a less-than-ideal unit, you can save and rebuild your credit while renting. When it comes time to look for a new apartment, you’ll have better odds of getting the one you want.

    Tips to Raise Your Credit Before Renting an Apartment

    If you plan to send rental applications down the line, you should work to improve your credit. Bear in mind that increasing your credit score takes time. To see a major change, expect months or even a year of work. In that time, follow these tips to improve your credit:

    Pay Your Bills on Time

    A person’s payment history can make or break their credit score. Central to that payment history: whether you paid your bills on time. Making timely and consistent payments plays a big role in improving your credit score. On top of that, timely payments prove your reliability to a landlord, boosting your chance of getting approved.

    Pay Down Any Debt

    Paying down debts is one of the best ways to improve your credit score. For this reason, someone who takes on and pays off debt won’t get punished for the debt they take on. Paying off debts shows your fiscal responsibility and proves your finances are on an upward trajectory.

    Paying off any kind of debt can improve your score. The main ones to look out for include:

    • Credit card debt
    • Student loans
    • Medical debt
    • Auto loans

    Become an Authorized User for Credit Piggybacking

    If you don’t have the resources to boost your credit alone, you can try credit piggybacking. Credit piggybacking lets you benefit from a friend or family member who pays down their debts. By becoming an authorized user on their account, your credit report reflects their payoffs.

    You can break the process into a few steps:

    1. Find a friend or family member you trust to spend responsibly.
    2. Become an authorized user on one of their credit cards or lines of credit.
    3. As they pay down their debts, this will show up on your credit report.
    4. By piggybacking on their credit payoffs, your score will improve.

    Dispute Credit Report Errors

    Sometimes, a low credit score isn’t your fault. Credit reporting errors can come from major credit reporting agencies or the companies giving them information. Credit reporting errors aren’t uncommon, so you should review your report for issues.

    Credit reports may contain errors related to:

    • Accounts held by another person with a similar name to you
    • Accounts opened by fraudsters who committed identity theft
    • Closed accounts that still read as open
    • Accounts incorrectly labeled as delinquent or in collections
    • Payments that don’t get reflected in your report
    • Multiple listings of the same debt
    • Accounts with inaccurate balances or credit limits

    To dispute credit report errors, contact the credit bureaus and the company that reported inaccurate information to them. You want to provide supporting documentation that proves the report contains errors. While you can send a dispute by phone, this doesn’t leave a paper trail. Instead, mail a dispute letter or use an online form.

    FAQs on Renting an Apartment with Bad Credit

    You may still have questions about getting approved for an apartment. To help you out, we’ve answered FAQs on renting apartments with bad credit.

    Is 500 a High Enough Credit Score for an Apartment?

    You can rent an apartment with a credit score of 500. While it might take you out of the running for expensive units, you should still have a good chance of renting:

    • Apartments with low credit requirements
    • Apartments with no credit requirements
    • Apartments you apply to with a cosigner or roommate.

    Can I Reapply for an Apartment After I Get Denied for Bad Credit?

    You can apply for the same apartment after getting denied on your first attempt. That said, some renters may throw out your application or ignore it. If you reapply, try to improve your credit and finances between applications.

    Do Landlords Need Permission to Run a Credit Check?

    Landlords need your permission to run a credit check. The Fair Credit Reporting Act calls rental applications a “permissible purpose.” This gives them the right to view your credit. However, that doesn’t mean landlords can check your score without your consent. 

    Improve Your Credit for an Apartment with Credit.com

    Managing apartment applications is hard enough, even without a low credit score. However, you can get an apartment with bad credit by following the right steps. You’ll see more housing opportunities by learning how credit works, reviewing strategies for getting an apartment with low credit, and following tips to boost your score.

    If you’d like a way to streamline raising your credit for rental applications, Credit.com can help. Our rent and utility reporting services ensure that your on-time payment gets reflected on your report. Even if your landlord doesn’t report payments, our tool helps build your credit with every rent payment reported.

    Source: credit.com

    Apache is functioning normally

    Apache is functioning normally

    Back in the 2000s, one of the most popular stays when traveling to the scenic Santa Rosa Beach in Florida was owned by none other than Vera Bradley co-founder, Barbara Bradley Baekgaard.

    The boutique-style, 9-room inn prominently featured Vera Bradley’s signature floral designs throughout, attracting both fans of the famous design brand, as well as travelers looking to cozy up for a while in its charming rooms.

    A 30A landmark, sitting merely steps away from the town square and beaches where the 1998 movie The Truman Show was filmed, the property once known as the Vera Bradley Bed and Breakfast attracted tourists from all over the country with its themed rooms and proximity to one of the most captivating beaches on the Gulf Coast.

    Photo credit: Array Real Estate Photography courtesy of Corcoran Reverie

    In line with Vera Bradley’s playful designs, the inn’s rooms had colorful themes like key lime, true blue, posies, sunset patterns, checkerberry, and more.

    And older reviews from travelers who stayed at the inn say their stay often included a colorful Vera Bradley bag that matched their room — and was theirs to keep.

    But the magic was gone in 2012 when Barbara Bradley Baekgaard sold the inn.

    Since then, despite several attempts to revive the inn to its former glory, the home fell into foreclosure in 2011.

    Typically, it would’ve been torn down and replaced with a larger and more modern structure, but luxury agent Cindy Cole of Corcoran Reverie had other plans to save a piece of town history — and restore it to its former glory.

    She reached out to the current owners who jumped at the opportunity to do some good for the town where they loved to vacation.

    They then spent years lovingly restoring the Vera Bradley Inn to a more current look and feel, while keeping tasteful antique touches in honor of its historical significance and repurposing it for residential use. And the transformation is spectacular! (scroll down for some “before-and-after” pictures, to get a better idea of how it looked like prior to the makeover).

    SEE ALSO: Mar-a-Lago Neighboring Mansion Sells for a Whopping $50 Million

    Now, the antebellum-style property is being brought to market as an extra-charming residential home, priced at $6,495,000.

    “With this being one of the most iconic homes in Seaside based on its history and prominent location, I’m thrilled to bring this home to the market,” says owner and broker, Hilary Farnum-Fasth of Corcoran Reverie, who holds the listing alongside Cindy Cole.

    A Before-and-After look at the former Vera Bradley Inn in Santa Rosa Beach, Florida

    Prior to its recent transformation, the property located at 38 Seaside Avenue boasted a charming yet outdated design that didn’t bode well with current interior trends.

    Despite the appeal of the playful Vera Bradley-inspired designs that adorned its walls, the former inn was in dire need of upgrades.

    But the current owners have spent years lovingly restoring the Vera Bradley Inn to a more current look and feel, while keeping tasteful antique touches in honor of its historical significance.

    Photo credit: Array Real Estate Photography courtesy of Corcoran Reverie
    Photo credit: Array Real Estate Photography courtesy of Corcoran Reverie
    Photo credit: Array Real Estate Photography courtesy of Corcoran Reverie
    Photo credit: Array Real Estate Photography courtesy of Corcoran Reverie

    During the restoration process, the owners preserved the original flooring, staircase, fireplaces, and some furnishings from the inn, creating a warm and inviting feel. 

    And thanks to some old listing photos, we can see how some of the rooms inside the former Vera Bradley Bed & Breakfast have been transformed to accommodate its future residents.

    The parlor – BEFORE

    Photo credit: MLS courtesy of Corcoran Reverie
    Photo credit: MLS courtesy of Corcoran Reverie

    The parlor – AFTER

    Photo credit: Array Real Estate Photography courtesy of Corcoran Reverie
    Photo credit: Array Real Estate Photography courtesy of Corcoran Reverie

    Bedrooms – BEFORE

    Photo credit: MLS courtesy of Corcoran Reverie
    Photo credit: MLS courtesy of Corcoran Reverie
    Photo credit: MLS courtesy of Corcoran Reverie

    Bedrooms – AFTER

    Photo credit: Array Real Estate Photography courtesy of Corcoran Reverie
    Photo credit: Array Real Estate Photography courtesy of Corcoran Reverie
    Photo credit: Array Real Estate Photography courtesy of Corcoran Reverie

    Bathrooms – BEFORE

    Photo credit: MLS courtesy of Corcoran Reverie
    Photo credit: MLS courtesy of Corcoran Reverie

    Bathrooms – AFTER

    Photo credit: Array Real Estate Photography courtesy of Corcoran Reverie
    Photo credit: Array Real Estate Photography courtesy of Corcoran Reverie

    The house is now on the market for $6,495,000

    The property at 38 Seaside Avenue in Santa Rosa Beach, Florida is now being brought to market as a single-family residence — though it can also be operated as a vacation rental, rebranded as the Feeling Good Again manor.

    With a total of 5,476 square feet, 9 bedrooms, and 12 baths spread across the main residence and the separate carriage house (which features 2 guest suites, separate kitchenettes, and separate sitting rooms), there’s ample space to entertain (or host) guests.

    The antebellum-style home has been equipped with everything it might need to serve as a loving family home including an updated, modern gourmet kitchen complete with a Thermador range and marble countertops.

    However, future owners might still want to take advantage of the property’s earning potential. If not for the association with the Vera Bradley brand, for its short-lived on-screen presence in one of the most popular movies ever made: the house was featured as the backdrop for a scene in the 1998 movie The Truman Show, starring Jim Carrey.

    In the scene, the house is lit up to help the townspeople find Truman. Unsurprisingly, the property is one of many places from the film that people still visit today — adding to its appeal as a lucrative vacation rental.

    More stories

    A $22 Million penthouse unit lists at the famed Fontainebleau Resort in Miami Beach

    Serena Williams’ house in Florida has many unique features, but no living room

    A $4.2M Florida home with cool ’80s vibes and Miami Vice credits hits the market

    Source: fancypantshomes.com

    Apache is functioning normally

    Apache is functioning normally

    The capital of Ohio, Columbus, is famous for being home to the first Wendy’s — yes, that fast-food chain — but it offers much more than that along the banks of the Scioto River.

    The city underwent many name changes during its first days in the 1800s, later nicknamed “Arch City” after builders put arches over city streets. You can also experience the deep Native American and Appalachian roots and history in the area.

    Established historic neighborhoods like German Village offer some of the city’s oldest buildings as housing options, as well as beautiful, quiet tree-lined streets. Elsewhere, up-and-coming spots like Short North, the Brewery District and Downtown Columbus offer walkability, short commutes and fun arts and nightlife amenities.

    Ready to explore Columbus? Here are the 15 best neighborhoods in Columbus.

    • Median 1-BR rent: $1,212
    • Median 2-BR rent: $1,485
    • Walk Score: 88/100

    South of the German Village, the Brewery District is as hip as it gets. Music venues and brewery bars line the streets of this neighborhood. Plus, a high walkability factor makes it even more alluring. Watch your favorite comic at Shadowbox Live on weekends. You can also head to the nearby trails at Scioto Audubon Metro Park, bordering the Scioto River.

    You can find a one-bedroom apartment for $1,212 per month on average in the Brewery District. Head to pup-friendly Gresso’s for a slice before heading on a brewery hop.

    • Median 1-BR rent: $819
    • Median 2-BR rent: $1,049
    • Walk Score: 68/100

    Only six miles from downtown and convenient to Ohio State University, Clintonville has a mix of young professionals and college students. The beautiful Rose Gardens at Whetstone Park will captivate you with their scent, trailing above arches and along walkways. You can also explore the six glacial ravines that cut through the neighborhood, like Glen Echo.

    On the weekends, enjoy that high walkability score by heading to High Street for a bite at the many establishments like Lineage Brewing or enjoy a vegan sweet treat at Pattycake Bakery. You can find a one-bedroom apartment in the area for $819 per month on average.

    • Median 1-BR rent: $1,462
    • Median 2-BR rent: $1,987
    • Walk Score: 78/100

    The heart of Columbus, Downtown, has as much life as you expect. An outdoor amphitheater, the Columbus Museum of Art, a river walk along the Scioto River, National Veterans Memorial and Museum are just some of the things that make downtown shine. The Scioto Mile connects more than 175 acres of green spaces through the area.

    Public transit abounds in the area, making it easy to ditch your car in favor of walking to enjoy the nightlife. You can find a one-bedroom for $1,462 per month on average.

    • Median 1-BR rent: $739
    • Median 2-BR rent: $1,200
    • Walk Score: 61/100

    Franklin Park is the most gorgeous when in bloom. Visit the Franklin Park Conservatory and Botanical Gardens to enjoy the warm months and picnic in any corner of the 88-acre park. Just east of downtown, the historic neighborhood offers a farmers market in the summer or grab some tacos nearby at Alebrijes.

    You can enjoy this quiet neighborhood by renting a one-bedroom for an affordable $739 per month on average, only two miles from downtown Columbus.

    • Median 1-BR rent: $625
    • Median 2-BR rent: $725
    • Walk Score: 58/100

    An up-and-coming artists’ hub, the neighborhood of Franklinton has started creating its own personality in recent years. Right to the west of downtown Columbus, Franklinton is home to breweries, artists’ studios and newer co-working spaces — all on the background of the neighborhood’s history and industrial past.

    The Land-Grant Brewing Company and Taft’s Brewpourium anchor Franklinton’s beer scene and mural art adorn several buildings in Columbus’ oldest neighborhood. The neighborhood is quickly changing, but you can still find affordable rents at $625 per month on average for a one-bedroom.

    Franklinton residents have an average commute of 20 minutes, thanks to its proximity to Downtown.

    • Median 1-BR rent: $1,295
    • Median 2-BR rent: $1,850
    • Walk Score: 90/100

    It’s no surprise that the German Village neighborhood attracts young families and business professionals. With a nearly perfect walk score and high bike score, it’s easy to get around sans car and easily commute downtown. A one-bedroom apartment remains relatively affordable at $1,295 per month on average.

    Elder trees and historic red buildings line the streets of this neighborhood. Frank Fetch Park is an excellent weekday spot to enjoy your morning coffee and Schiller Park features trails, a playground and even an amphitheater.

    Nearby, the Schmidt Sausage Haus & Restaurant has been a local treasure since 1886, one of many German-inspired restaurants. The Book Loft is a bookworm’s dream with 32 rooms filled with books.

    • Median 1-BR rent: $1,701
    • Median 2-BR rent: $1,988
    • Walk Score: 66/100

    Harrison West has seen a slight increase in rents since Summer 2021, but you can currently get a one-bedroom for $1,701 per month on average. The Columbus neighborhood is only 2.5 miles from downtown and a hop and a skip from the beautiful Goodale Park.

    The Arena District offers access to a movie theatre, several restaurants and bars and a skating rink only a mile away. Huntington Park is home to the Columbus Clippers baseball team.

    • Median 1-BR rent: $800
    • Median 2-BR rent: $1,100
    • Walk Score: 77/100

    Indianola Terrace is a good option if you’re looking for an apartment convenient to Ohio State University and still walkable to everything. The neighborhood offers not only apartments but also multi-family units. You can find a one-bedroom in either option for $800 per month on average. Graduate students mainly reside in this neighborhood.

    The Ohio History and Research Center are nearby, offering a detailed look into the state’s history along with seasonal exhibitions. Glen Echo Park is only a couple of miles away in Clintonville, offering a playground, dog park and easy hiking trails.

    Source: Rent./Jeffrey Park Apartments
    • Median 1-BR rent: $1,38
    • Median 2-BR rent: $1,910
    • Walk Score: 87/100

    Just north of downtown Columbus, every corner of the Italian Village has a restaurant filled with regulars. Not to worry, while parking is hard to come by, walking is the preferred way to see the neighborhood. You can quickly see why the neighborhood, filled with young families and millennials, remains tight-knit.

    Try out two local breweries, Seventh Son Brewing and Hoof Hearted Brewery, or visit the local dive bar, St. James Tavern. Snag a one-bedroom apartment for $1,384 per month on average and grab your coffee at Fox in the Snow in the mornings.

    • Median 1-BR rent: $1,145
    • Median 2-BR rent: $1,995
    • Walk Score: 76/100

    King-Lincoln Bronzeville has a rich history as a historically African-American neighborhood. The neighborhood is home to the Lincoln Theatre and the King Arts Complex. Recently, more Columbus residents have been discovering the charm of the neighborhood.

    You can see beautiful murals throughout the King-Lincoln and visit the Bronzeville Bird and Butterfly Sanctuary. The Columbus Museum of Art is nearby, as well. You can find a one-bedroom apartment for $1,145 per month on average.

    • Median 1-BR rent: $1,087
    • Walk Score: 83/100

    Olentangy Trail, a gem in the North Campus neighborhood, connects the Ohio State University with other city parks and Olentangy River. It’s the perfect escape, not too far from the city. You can rent a one-bedroom for $1,087 per month on average.

    Nearby, you can find hot donuts at Buckeye Donuts, head to games at Ohio Stadium and stop by the Wexner Center for the Arts for the latest exhibitions.

    • Median 1-BR rent: $1,495
    • Median 2-BR rent: $2,325
    • Walk Score: 94/100

    Right in the heart of Columbus, Short North attracts renters keen on art gallery openings, city festivals and easy biking, thanks to the neighborhood’s grid pattern. The Short North comes alive with art walks and outdoor concerts at Goodale Park every summer. The 33-acre park is the oldest city and provides ample greenspace to city dwellers for picnics and more.

    The neighborhood’s arches on High Street light up the way for visitors to explore high fashion boutiques, a thriving dining scene and, of course, the many galleries. Stop by the North Market for an outdoor dining experience with various food hall vendors if you can’t choose where to eat.

    You can enjoy that walkability and gallery hop on the weekends for $1,495 per month on average for a one-bedroom apartment.

    • Median 1-BR rent: $1,548
    • Median 2-BR rent: $2,215
    • Walk Score: 61/100

    The best way to know if you’re in the Uptown District is by finding the Ohio Statehouse, a Greek Revival-style building in Colonial Square. The neighborhood has all the charm you want from a suburb while being near Columbus. Uptown District features many upscale restaurants like Veritas and Jeff Ruby’s Steakhouse. Breweries and cocktail bars also dot the area.

    You can find a one-bedroom apartment in this neighborhood for $1,548 per month on average, with easy access to the Ohio Theatre for a night out.

    • Median 1-BR rent: $1,250
    • Median 2-BR rent: $2,425
    • Walk Score: 87/100

    Can you picture going on an early morning walk surrounded by Victorian architecture? That’s what Victorian Village offers to its residents. Don’t miss the Gothic-style mansions and Queen Anne houses. Small shops and restaurants line the streets of this Columbus neighborhood. Goodale Park is within walkable distance to take your family for a picnic.

    The neighborhood is on the more expensive side if you want to rent a two-bedroom, but still affordable for those in need of a one-bedroom, available for $1,250 per month on average. Stop by for a pint at Cavan Irish Pub to explore the neighborhood’s Irish-American roots.

    Source: Rent./Grant Park Apartments
    • Median 1-BR rent: $1,481
    • Median 2-BR rent: $1,882
    • Walk Score: 87/100

    If you’re looking for public transportation and walkability, Weinland Park is the neighborhood for you. The bus system services the area heavily thanks to its grid system and proximity to old streetcar rails.

    Convenient to downtown, developers are revitalizing the industrial neighborhood with already slated multi-use developments. Weinland Park was home to several factories, many now converted into apartments and office space. The namesake park offers a picnic space and a playground. Grab a beer at Zaftig Brew Pub after.

    Find the best Columbus neighborhood for you

    Did you fall in love with this midwestern city? No surprise there! Columbus has historic neighborhoods, beautiful architecture, parks and walkable street grids. Whether you’re grabbing a beer in the Brewery District or strolling on your way to class at Ohio State, there’s a neighborhood for you. Ready to move on? Find apartments for rent in Columbus.

    The rent information included in this article is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent. as of November 2021 and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

    Source: rent.com

    Apache is functioning normally

    You may hit one of those life moments where you need a bundle of cash and fast. Maybe you have been hit with a major car repair bill, you want to attend a destination wedding, or you’re motivated to pay off your student loans ASAP.

    Whatever the situation, there are smart strategies that will help you accrue that money as quickly as possible. Tactics like trimming your expenses, selling your unwanted stuff, and bundling your insurance can help you meet a savings goal at top speed.

    In this guide, you’ll learn those techniques and more to help you finance whatever is most urgent on your financial to-do list.

    How to Save Money Fast 10 Ways

    One person’s goal for saving money quickly might be, “I need $500 by the end of the week.” For another, it could be, “I’m going to stash away $10,000 within the next year.” Wherever you may fall in terms of your short-term financial goals, these 10 tactics will help you save money daily and achieve your aspiration.

    💡 Quick Tip: Make money easy. Open a bank account online so you can manage bills, deposits, transfers — all from one convenient app.

    1. Getting Rid of Unnecessary Expenses

    In an age of automated billings and subscriptions, it is easy to lose track of what exactly you’re paying for each month. It is entirely possible that you’re paying for something you’re not even using.

    In order to pinpoint any potentially unwanted expenses, review a month’s worth of auto debits from your bank account. You may find that you’re paying $5 a month for a digital magazine you no longer read or that you could save on streaming services by dropping one or two you don’t watch but are paying $15 a month for.

    Once you’ve canceled, you could reroute the money you would have spent directly into your savings account. While $20 or $30 a month saved on subscriptions might not seem like much, even small amounts can quickly add up over time. In combination with other savings techniques, this might help you build your savings fast.

    Ready for a Better Banking Experience?

    Open a SoFi Checking and Savings Account and start earning up to 4.50% APY on your cash!

    2. Negotiating and Automating Your Bill Payments

    Did you know that some companies offer discounts when you set up automatic bill payments, or autopay? This means connecting a bill directly to your bank account and allowing the company to automatically withdraw the amount of the bill on the due date.

    Some companies offer a discount in these situations because automatically debiting your account gives the company assurance that the bill will be paid on time. The bonus for you is double: You might get a little discount on your bills, and you won’t have to remember to manually pay the bill each month.

    Autopay might also help you avoid unexpected late fees, which in turn could help you build up savings faster. There might be some downsides to autopay, however. If you set up an autopay agreement but then don’t have enough money in your account to cover the charge, you might end up with a canceled subscription or overdraft or NSF fees from your bank.

    3. Carefully Considering Big Decisions

    Yes, it’s hard to save money, but learning to be mindful about your purchases can help. Instead of buying something as soon as you want it, you might want to sleep on it overnight and see if you still want it the next morning. Giving yourself more time before pulling out your credit card could help you determine if you really need the item or if you were just caught up in the excitement of shopping.

    This can be especially useful when making big purchases because they might require more research anyway. For example, if you’re buying a couch and you fall in love with a sectional sofa, waiting overnight might give you a chance to read reviews, double-check the measurements of your space, and look to see if there are similar styles available online that might cost less.

    Some people wait longer still. They use the 30-day rule, which involves writing a note in your calendar for 30 days after you see the item you want. If you still are determined to buy it when the calendar alert pops up, then you can probably feel confident that it isn’t an impulse buy and go for it.

    By delaying purchases this way, you may be able to avoid compulsive shopping and save funds, which can go towards your savings goal.

    4. Considering a Spending “Fast”

    Ready to learn another way to save money quickly? Some savers find that they can save money fast with a challenge: They plan a day or two every week where they eliminate all unnecessary spending. That’s what’s called a “fast”: You avoid spending money, similar to the way a dietary fast means you eat nothing.

    For example, if you decide to do a two-day spending fast, you might decide that on Tuesdays and Wednesdays you don’t spend any money other than what it costs to commute to work. That means that on those days, you might choose to forgo your daily pitstop at the coffee shop, a lunch from the salad place (you’d bring food from home), or ordering the brand new book you’ve been waiting to read.

    Planning to not spend could help you reign in unintentional spending. Chances are that you barely think about that $4 you spend at the coffee shop, but if you give it up twice a week, that’s $8 that could be going into your savings.

    If you save an average of $40 a week with a two-day fast, that could add more than $2,000 to your savings in a year.

    5. Putting Your Accounts to Work

    Choosing the right account for your money can be a great way to save funds fast. Some checking accounts charge monthly or annual account maintenance fees, with little to no interest.

    Savings accounts might offer higher interest rates than a checking account, but the reality is that the average interest rates on a standard savings account can still be very low. Instead, you might shop around for a no-fee, high-interest account to make your money work harder for you. These kinds of accounts are often found at online vs. traditional banks.

    If you currently have, say, $5,000 sitting in a checking account, earning no interest, if you were to put it in a savings account at 4.50% interest compounded daily, you’d have an extra $230.12 a year later, with no effort on your part.

    💡 Quick Tip: Want a simple way to save more each month? Grow your personal savings by opening an online savings account. SoFi offers high-interest savings accounts with no account fees. Open your savings account today!

    6. Bundling Your Insurance

    Insurance can be one of those “set it and forget it” expenses. You might buy a policy and then never really focus on the cost of the premium again.

    Many insurers, however, will reduce your rate if you give them more of your business. Typically, this means having your auto and home insurance with the same company. You might be able to save a chunk of change and put it towards your savings goal.

    It can also be wise to review your insurance annually. You might be paying for coverage you don’t really need.

    7. Starting a Side Hustle

    Sure, cutting back on your spending is one way to save money fast. But so is bringing in more cash. Many people find starting a side hustle is a good way to bring in more income. This could mean anything from selling your nature photography on Etsy or providing social media services to a local business or two.

    While one of the key benefits of a side hustle is the money it can bring in, you also might find it personally rewarding and even an entry to a new full-time career.

    8. Saving on Essentials

    Looking for another idea for how to save money fast? There’s no doubt that many things you spend money on are necessities. Food, personal-care items, and gas for your car. But there are plenty of ways you can trim those costs.

    •   To save on food, you could do some meal-planning so you can more efficiently manage your grocery budget. Using up what you buy vs. wasting food can help you save a bundle towards your goals.

    •   You could get a gas card to save at the pump. There are also plenty of apps that point you towards the cheapest gas stations in your area.

    •   Joining a warehouse or wholesale club can help you save on your typical purchases. If you find the quantities too large (say, a 12-pack of shampoo), partner up with a friend of two to share the wealth.

    9. Selling Your Stuff

    If you’re trying to save money fast, you might be able to “find” a pile of cash by selling your used items that you no longer need. This could mean anything from selling gently worn clothes online (say, on Poshmark or thredUP) or IRL (at Buffalo Exchange perhaps); putting functional electronics up for sale on eBay; or offering items on places like Nextdoor or Facebook Marketplace.

    Just be cautious as there are scammers who try to prey on direct sellers.

    10. Checking Your Tax Withholding

    Here’s another idea for accumulating money quickly: Double-check your tax withholding. If you get a sizable tax refund every year, you may feel as if you are getting “free money.” Not at all! That’s actually your hard-earned money that you overpaid to the government and are now getting back. It could have been earning interest in the bank rather than being whisked out of your paycheck.

    If you typically receive a refund, tweak your withholding, and then put the additional money that stays in your paycheck into your savings.

    Is Saving Money Fast Realistic?

    Saving money fast can be realistic, as long as you keep in mind your income and the fact that most financial experts say to save 20% of that figure. That’s one of the principals of the popular 50/30/20 budget rule. Fifty percent of your money goes towards essential spending, 30% goes to discretionary expenses, and 20% gets socked away as savings.

    So, if you earn $100,000 a year and have an important goal in mind, such as the down payment for a house, you might be able to stash $20K in a single year. That might involve pausing your retirement savings for a year as you go all-in on accumulating as much cash as possible for a home purchase.

    Also, if you are able to bring in more income (whether by selling your stuff, starting a side hustle, or via passive income ideas), that can accelerate your savings as well.

    Keeping Your Savings Safe With SoFi

    Whichever strategies (or combination of tactics) you try, it’s important to find the right banking partner where your money can grow. You’ll likely want a financial institution with Federal Deposit Insurance Corporation coverage, low or no fees, and a healthy interest rate.

    Interested in opening an online bank account? When you sign up for a SoFi Checking and Savings account with direct deposit, you’ll get a competitive annual percentage yield (APY), pay zero account fees, and enjoy an array of rewards, such as access to the Allpoint Network of 55,000+ fee-free ATMs globally. Qualifying accounts can even access their paycheck up to two days early.

    Better banking is here with up to 4.50% APY on SoFi Checking and Savings.


    How can I save $1,000 fast?

    To save $1,000 fast, you can try a combination of such techniques as trimming subscriptions, essential, and discretionary spending; bundling insurance to cut costs; selling your unwanted items; and/or using the 30-day rule.

    How to save up $10,000 in 3 months?

    To save $10,000 in three months, you need to save $3,333 after-tax dollars per month. Your income and expenses will influence how doable this is. Some ways to save this amount include going on a spending fast (meaning you eliminate all possible discretionary spending) and starting a side hustle to bring in more money.

    How to save $5,000 ASAP?

    To save $5,000 ASAP, you can try cutting your expenses, avoiding big purchases, making sure your money is earning a good interest rate, and bringing in more cash via a side hustle.

    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 activity can earn 4.50% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. Direct Deposit means a deposit to an account holder’s SoFi Checking or Savings account, including payroll, pension, or government payments (e.g., Social Security), made by the account holder’s employer, payroll or benefits provider or government agency (“Direct Deposit”) via the Automated Clearing House (“ACH”) Network during a 30-day Evaluation Period (as defined below). Deposits that are not from an employer or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds transfers and wire transfers from external accounts, do not constitute Direct Deposit activity. There is no minimum Direct Deposit amount required to qualify for the stated interest rate.

    SoFi members with Qualifying Deposits can earn 4.50% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Qualifying Deposits means one or more deposits that, in the aggregate, are equal to or greater than $5,000 to an account holder’s SoFi Checking and Savings account (“Qualifying Deposits”) during a 30-day Evaluation Period (as defined below). Qualifying Deposits only include those deposits from the following eligible sources: (i) ACH transfers, (ii) inbound wire transfers, (iii) peer-to-peer transfers (i.e., external transfers from PayPal, Venmo, etc. and internal peer-to-peer transfers from a SoFi account belonging to another account holder), (iv) check deposits, (v) instant funding to your SoFi Bank Debit Card, (vi) push payments to your SoFi Bank Debit Card, and (vii) cash deposits. Qualifying Deposits do not include: (i) transfers between an account holder’s Checking account, Savings account, and/or Vaults; (ii) interest payments; (iii) bonuses issued by SoFi Bank or its affiliates; or (iv) credits, reversals, and refunds from SoFi Bank, N.A. (“SoFi Bank”) or from a merchant.

    SoFi Bank shall, in its sole discretion, assess each account holder’s Direct Deposit activity and Qualifying Deposits throughout each 30-Day Evaluation Period to determine the applicability of rates and may request additional documentation for verification of eligibility. The 30-Day Evaluation Period refers to the “Start Date” and “End Date” set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the “30-Day Evaluation Period”). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. Upon receiving a Direct Deposit or $5,000 in Qualifying Deposits to your account, you will begin earning 4.50% APY on savings balances (including Vaults) and 0.50% on checking balances on or before the following calendar day. You will continue to earn these APYs for (i) the remainder of the current 30-Day Evaluation Period and through the end of the subsequent 30-Day Evaluation Period and (ii) any following 30-day Evaluation Periods during which SoFi Bank determines you to have Direct Deposit activity or $5,000 in Qualifying Deposits without interruption.

    SoFi Bank reserves the right to grant a grace period to account holders following a change in Direct Deposit activity or Qualifying Deposits activity before adjusting rates. If SoFi Bank grants you a grace period, the dates for such grace period will be reflected on the APY Details page of your account. If SoFi Bank determines that you did not have Direct Deposit activity or $5,000 in Qualifying Deposits during the current 30-day Evaluation Period and, if applicable, the grace period, then you will begin earning the rates earned by account holders without either Direct Deposit or Qualifying Deposits until you have Direct Deposit activity or $5,000 in Qualifying Deposits in a subsequent 30-Day Evaluation Period. For the avoidance of doubt, an account holder with both Direct Deposit activity and Qualifying Deposits will earn the rates earned by account holders with Direct Deposit.

    Members without either Direct Deposit activity or Qualifying Deposits, as determined by SoFi Bank, during a 30-Day Evaluation Period and, if applicable, the grace period, will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances.

    Interest rates are variable and subject to change at any time. These rates are current as of 8/9/2023. 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.

    Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

    Tax Information: This article provides general background information only and is not intended to serve as legal or tax advice or as a substitute for legal counsel. You should consult your own attorney and/or tax advisor if you have a question requiring legal or tax advice.


    Source: sofi.com

    Apache is functioning normally

    Apache is functioning normally

    One interesting aspect of the home loan process is the sheer number of individuals you’ll work with along the way.

    You don’t just speak to a salesperson and call it a day. Lots of people are involved in what is a very complex transaction.

    Aside from salespeople, there are loan underwriters, processors, appraisers, escrow officers, real estate attorneys, and more.

    Let’s discuss the roles these people hold to help you better understand what it takes to get a mortgage.

    Remember, you’re asking to borrow a large sum of money, so it’s going to take time and energy (and lots of people) to get to the finish line.

    The Sales Rep/Loan Officer/Mortgage Broker

    The first step in the home loan process typically involves a sales person, which can be a banker at your local branch or credit union, a loan officer, or a mortgage broker.

    If we’re talking about a purchase, this may come before/during your home search or after you’ve found your property with the assistance of a real estate agent.

    If it’s a mortgage refinance, you’d simply jump right to this step to rework the details of your existing home loan if you wanted a rate and term refinance or a cash out refi.

    You might be referred to an individual/company, or you might do your own discovery to find a suitable partner. Either way, always look beyond the referral you were given.

    Your real estate agent might know a great lender, but you your own research as well.

    It’s important to gather multiple quotes from different companies to ensure you get the best deal.

    Now, this individual will be your main point of contact during the loan process, and perhaps most importantly, will provide you with pricing.

    Bankers and loan officers work at the retail level, while mortgage brokers offer wholesale rates from their lender partners.

    You can read more about the differences (banks vs. brokers) but either way they’ll likely be the person you speak with most.

    Aside from providing pricing, these individuals can help get you pre-qualified or pre-approved for a mortgage, discuss different loan scenarios, and guide you on loan choice.

    If you have mortgage questions, they should be able to provide answers and give you guidance.

    They may make certain recommendations, such as down payment amount, loan type, or provide an opinion about paying discount points or when to lock your rate.

    This individual will be with you from start to finish, but doesn’t work alone. They’ve got an entire team to help you close your loan in a timely fashion.

    FYI, you may also come across a “mortgage planner,” which is an individual who may assist a busy senior loan officer.

    They can communicate loan status, provide follow-up, collect conditions, and perform other tasks if the LO is unavailable or simply needs a hand.

    The Loan Processor

    Once you’ve spoken to a sales representative (or LO/broker) and have decided to move forward, you’ll be in put in touch with a loan processor.

    The main goal of the processor is to put together a clean loan file that can be submitted to the underwriting department.

    This means collecting key documents, ensuring there are no red flags, double-checking everything, and making any necessary corrections.

    The processor may also reach out after the loan is approved to collect additional documents to satisfy any outstanding conditions.

    They will also provide updates to the loan officer or broker, who will then keep you in the loop about where you’re at in the process.

    The processor essentially acts as a liaison between the underwriter and sales rep/LO/broker.

    This ensures things move along smoothly and any hiccups can be resolved quickly without delay.

    The Loan Underwriter

    The loan underwriter probably holds the most important role in the home loan process.

    They decide if the mortgage is approved, declined, or potentially suspended pending further explanation.

    It’s for this reason that the loan processor only sends the loan package to the underwriter once everything has been thoroughly checked.

    You only get one chance to make a first impression, so it’s imperative to get it right. Otherwise you could face delays or simply get flat out denied.

    Aside from approving the loan, the underwriter will also provide a list of conditions needed to close the loan.

    Most mortgage approvals are conditional, meaning you might need to furnish additional information or documentation to obtain your final approval.

    Once these documents are provided, whether it’s another bank statement or letter of explanation, the underwriter will clear the outstanding conditions and move the loan to the funding department.

    The Home Appraiser

    While your loan is being reviewed by the underwriter, an appraisal will be ordered to determine the value of the underlying property.

    Remember, aside from determining your ability to repay the loan, the bank also needs to ensure the collateral for the loan is valued properly.

    This individual will visit the property to assess its condition, take photographs, and determine recent sales comparisons.

    They will formulate a valuation based on the property details, such as number of bedrooms and bathrooms, square footage, amenities, location, lot size, condition, and so on.

    The value they come up with, known as the appraised value, is used as the basis for the loan-to-value ratio.

    Generally, the goal is for the appraiser to support the purchase price of the property or the value declared for a refinance.

    If the value is lower, the details of the loan may need to be reworked, such as a higher down payment.

    For certain types of loans, such as FHA loans and VA loans, the home appraiser will also ensure that certain Minimum Property Requirements (MPRs) are met.

    This ensures the property is safe for the occupants, that there are adequate living conditions, and no major hazards, such as lead paint or termites.

    The Home Inspector

    If we’re discussing a home purchase, you’ll want to get an inspection done. And you’ll want to do it ASAP while any contingencies are still in place.

    While a home inspection typically isn’t required, they’re generally a good idea.

    Aside from finding out what’s potentially wrong with the property, you can ask for credits from the seller if the inspector finds any significant issues.

    As the name suggests, a home inspector will come out to the property and assess the condition of the structure itself, the foundation, the interior, the roof, the electrical, HVAC, and more.

    Some may also inspect the pool and spa, if one exists, though you could be charged extra.

    They’ll make notes as they survey the property and issue a formal report afterwards. This can be used to negotiate with the seller if anything material comes up.

    The Notary Public

    Once it’s time to sign your loan documents, you’ll need to make an appointment with a notary public.

    This individual serves “as an impartial witness” when signing important documents, such as those related to a home purchase or mortgage loan.

    Your settlement agent should organize a time to meet with this individual to conduct your signing.

    The notary may come to your home or meet you somewhere else to review and sign documents.

    The main job of the notary is to verify the identity of the signer and ensure they are willing to sign the documents “without duress or intimidation.”

    This requires you to furnish identification, such as a driver’s license, during the signing appointment.

    The Escrow Officer

    Another very important individual in the transaction is the escrow officer, a third-party who facilitates the loan closing and collects/disburses funds to the appropriate parties.

    Some of their key roles include preparing final statements for the buyer, such as cash required to close, and determining costs such as property taxes, insurance, prepaid interest, and loan payoffs.

    The escrow officer will send you a settlement statement that lists all the fees and closing costs associated with your loan, along with any lender credits and loan payoffs and funds required.

    They will also liaise with a title company and forward necessary documents for loan recording.

    Importantly, they’ll provide wiring instructions to all parties, including the buyer, so you know where to send funds (cash to close).

    If you have questions about things like prepaid items, mortgage impounds, and loan payoffs, they can be particularly helpful.

    The Title Agent

    To ensure the property is free of any liens, encumbrances, or defects, a title insurance policy is usually required in order to take out a mortgage.

    A title agent is the individual who conducts a title search, orders a preliminary title report, and eventually issues title insurance on the subject property. This makes them a licensed insurance agent

    They are also in charge of recording the deed and loan documents with the county once the loan has funded.

    You might hear the words title and escrow used interchangeably, but title has to do with property ownership/lien history, while escrow is about the calculation, collection, and disbursement of funds.

    However, they may perform other settlement tasks beyond just title depending on the state where they’re located.

    The Loan Closer/Funder

    If you’ve made it this far, it means the loan is almost funded. But there’s still work to be done.

    The loan closer/funder has to review the file to ensure everything is accurate and complete, and if not, address and fix any errors or outstanding issues.

    They must ensure all prior to funding (PTF) conditions are satisfied and work with the settlement agent to prepare funding figures and timing of disbursement.

    This includes the review of signed closing documents and items like hazard insurance and the preliminary title report.

    And if everything looks good, request the wire instructions from escrow after a thorough review.

    The Real Estate Attorney

    Note that in certain states, a real estate attorney could be required to prepare certain documents and/or to conduct the loan closing.

    This individual may order and certify a title report, review loan documents, and advise you if necessary.

    Beyond that, they can ensure the interests of all parties are protected, and handle any legal issues or disputes that may come up.

    One last thing. You may find that there is some overlap with a title company and escrow company, as the former can also provide escrow and notary services as well.

    So depending on where you live, you could have one company or individual handle several tasks.

    As you can see, there are quite a few people involved in the funding of a home loan, which explains why they take a month or longer to close.

    Once you know more about each person’s role, it should be easier to navigate the home loan process and make better sense of it all.

    And perhaps adjust your expectations that there isn’t a same-day mortgage and likely won’t be for the foreseeable future.

    (photo: Michael Coghlan)

    Source: thetruthaboutmortgage.com