California Boat Loans – Tinigard http://tinigard.info/ Sun, 26 Jun 2022 11:06:34 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://tinigard.info/wp-content/uploads/2021/05/default1-150x150.png California Boat Loans – Tinigard http://tinigard.info/ 32 32 Housing bubble woes: Supply jumps, sales drop, median price skewed up by composition shift as bottom falls below $500,000, amid Holy-Moly mortgage rates https://tinigard.info/housing-bubble-woes-supply-jumps-sales-drop-median-price-skewed-up-by-composition-shift-as-bottom-falls-below-500000-amid-holy-moly-mortgage-rates/ Tue, 21 Jun 2022 20:45:19 +0000 https://tinigard.info/housing-bubble-woes-supply-jumps-sales-drop-median-price-skewed-up-by-composition-shift-as-bottom-falls-below-500000-amid-holy-moly-mortgage-rates/ California Special: Until sales collapse 30%, prices begin to “moderate”, San Francisco condo prices decline year over year. By Wolf Richter for WOLF STREET. Sales that closed in May of single-family homes, condos, co-ops and row homes from previous owners fell 3.4% from April, based on the seasonally adjusted annual rate of sales, and 8 […]]]>

California Special: Until sales collapse 30%, prices begin to “moderate”, San Francisco condo prices decline year over year.

By Wolf Richter for WOLF STREET.

Sales that closed in May of single-family homes, condos, co-ops and row homes from previous owners fell 3.4% from April, based on the seasonally adjusted annual rate of sales, and 8 .6% from a year ago, the National Association of Realtors reported today.

Sales of single-family homes alone fell 7.7% year over year. Sales of condos and co-ops fell 15.3% year over year.

May was the tenth consecutive month of year-over-year declines. The old finding that there is no stock to sell is no longer an excuse as supply jumped 12.6% in May – sharply falling sales on a sharply rising supply (data via Y-Charts):

“Further declines in sales should be expected in the coming months given housing affordability issues related to the sharp rise in mortgage rates this year,” the NAR report said.

The seasonally adjusted annual rate of sales in May fell to 5.41 million households, the lowest since the sales rate lockdown (data via YCharts):

Inventory for sale and supply jump.

The number of homes listed for sale in May jumped 12.6% from April to 113,000 homes, after jumping 100,000 homes in April to 1.16 million, the highest since November.

The supply of homes for sale rose to 2.6 months from 2.2 months in April and 2.5 months in May last year, the first year-on-year increase since the lockdown . That’s quite a change from January’s 1.6-month low (data via YCharts).

Sales by region.

Percentage change in seasonally adjusted annual rate of total home sales in May compared to April, and year-over-year (year-over-year):

  • Northeast: +1.5% compared to April, -9.3% year-on-year.
  • Midwest: -5.3% from April, -7.5% YoY.
  • South: -2.8% compared to April, -8.4% year-on-year.
  • West: -5.3% compared to April, -10.0% year-on-year.

In California, closed sales plunged, pending sales crashed.

According to California Association of Realtors (RCA) May Closed Home Sales fell 15.2% in May YOY; and condo sales fell 12.3%. These are closed sales.

Pending sales – a predictor of sales closed the following month – slumped 30.6% in May, “likely due to eroding affordability, rising mortgage rates and house prices, and increased risk of recession,” the CAR report notes.

Holy-Moly Mortgage Rates.

The average 30-year fixed mortgage rate hit more than 6% last week for the first time since 2008, according to Mortgage News Daily’s daily gauge. According to Freddie Mac’s most recent reading last week, the average mortgage rate jumped to 5.78%.

These mortgage rates are so named because “holy moly” is what people say when they look at the mortgage payment for the ridiculously inflated price of the house they want to buy.

But the sales made in May are based on mortgage rates from the previous month or the previous two months, when they were much lower. Until mid-April, mortgage rates were between 4% and 5%. In May, mortgage rates were just a little above 5%.

It was June, when the spike took off with renewed vigor, and we haven’t seen much housing data in June yet, except that Manhattan luxury sales fell 70% from a year ago. on the other during the week to June 19, but that was mainly due to the sell-off in the stock market.

The sales in May are based on deals that were largely negotiated in April, with mortgage rates from April and before, when these buyers applied for mortgages and obtained mortgage rate locks valid for a fixed period. . The green box shows mortgage rates that roughly applied to home purchases closed in May, around 4% to 5%.

Median price pushed up by mix shift to high-end sales.

In California: The median price rose to $899,000, up 9.9% year over year, according to the California Association of Realtors. But the median price is sensitive to changes in the mix, and according to the CAR, this price increase in the state “can be largely attributed to the sales mix, with the high-end market continuing to outperform more affordable market segments. . ”

The shifting mix is ​​seen in the share of million-dollar homes, which jumped to a record 35.3% share, while the share of homes priced below $500,000 hit an all-time low. .

“House prices could stabilize, however, as the monthly price increase appears to be moderating,” CAR said. And this is already the case in San Francisco.

In San Fransisco, the median condominium price fell 0.3% year over year. The median price of single-family homes in San Francisco rose 6.1%, the second-lowest gain of large counties in California, behind Contra Costa County (East Bay), where the median home price rose only than 1.0% year over year.

In the United States of A: the median price rose to $407,600, up 14.8% from a year ago, according to the NAR. And here too, as we’ll see in a moment, there’s been a huge shift to the top end (data via YCharts):

The median price is skewed by changes in the mix.

My favorite illustration: To get the median price in a market where 9 houses have sold, you rank them by price from highest to lowest, and the price of the fifth house from the top or the fifth from the bottom (same house) is the price in the middle = median price.

But if the two cheapest houses don’t sell, and if the remaining seven houses sell, the middle is now the fourth house down, or the fourth house up. This change in mix skews the median price measure, although actual house prices have not changed:

This change of mix is ​​what happened in the United States too.

Sales of homes priced below $500,000 have fallen, while sales above $500,000 have jumped year over year, and these dramatic shifts in the mix have skewed the median price higher , according to NAR data:

Investors’ share of sales and cash sales fell, but remained within the same range.

Individual investors or second home buyers bought 16% of homes in May, compared to 17% in April, 18% in March, 19% in February and 22% in January, according to the NAR.

“All-cash” sales, which include many investors and second-home buyers, fell to 25% in May from 26% in April, but rose from 23% a year ago.

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Stimulus checks have rewired the way some Americans view money https://tinigard.info/stimulus-checks-have-rewired-the-way-some-americans-view-money/ Sat, 18 Jun 2022 13:55:49 +0000 https://tinigard.info/stimulus-checks-have-rewired-the-way-some-americans-view-money/ Ciydemimages | E+ | Getty Images For Denise Diaz, the benefits of pandemic-era stimulus checks went beyond everyday dollars and cents. They changed his way of thinking about money. Diaz, a mother of three who lives outside of Orlando, Florida, received more than $10,000 from three rounds of “economic impact payments”. They were part of […]]]>

Ciydemimages | E+ | Getty Images

For Denise Diaz, the benefits of pandemic-era stimulus checks went beyond everyday dollars and cents. They changed his way of thinking about money.

Diaz, a mother of three who lives outside of Orlando, Florida, received more than $10,000 from three rounds of “economic impact payments”.

They were part of the 472 million payments Posted by the federal government, totaling approximately $803 billion. The effort amounted to an unprecedented experiment in supporting households as Covid-19 cratered the US economy.

Checks (and other federal funds) are at the epicenter of a debate over whether and how much financial aid has helped fuel inflation, which is at its highest in about 40 years.

But they undoubtedly offered a lifeline to millions of people during the worst unemployment spell since the Great Depression. Recipients contacted by CNBC used the money in a variety of ways — to cover basic household needs, make debt repayments and create rainy-day funds, for example.

Diaz, who co-directs a local nonprofit, Central Florida Jobs With Justice, used the funds to pay off a credit card and car loan. His credit rating has improved. She built up a – previously non-existent – emergency fund that the household could fall back on when Diaz’s partner lost his job earlier this year.

As a result, Diaz, 41, feels more financially stable than during any other period of his adulthood.

The financial buffer and associated peace of mind also changed his psychology. It automated bill payments (for utilities, a second family car, and credit cards, for example) for the first time.

“We didn’t do that. [before]”, Diaz said. “Because you never knew what might happen [financially]so I never trusted him.”

These days, Diaz thinks more about budgeting. Home ownership seems within reach after years of renting.

“The stimulus has changed the way I think about what’s possible, my personal spending habits, and the way I manage my money,” she said.

“Hard to make a dent”

The stimulus checks were the result of legislation – the CARES Act, the Consolidated Appropriations Act and the US Bailout Act – passed by Congress in 2020 and 2021 to manage the fallout from Covid-19.

Households received payments of up to $1,200, $600 and $1,400 per person, respectively. Qualifications such as income limits and payment amounts for dependents changed during these three funding rounds.

Census Bureau survey data shows that most households used the funds to purchase food and household items, and to make utility, rent, vehicle, mortgage and other debt payments. To a lesser extent, households used them for clothing, savings and investments, and recreational goods.

Salaam Bhatti and Hina Latif, a married couple living in Richmond, Va., used some of their funds to reduce credit card debt, which has proven difficult in recent years, especially after having children. (They have a 3-year-old and a 3-month-old.)

Bhatti and Latif have paid off several thousand dollars in debt during the pandemic and have about $30,000 left, they said.

“It was difficult to make a dent,” said Bhatti, 36. “Sometimes you just feel like you’re not making progress.”

Learn more about personal finance:
Credit card balances rise after stimulus checks help reduce debt
Beware of scams involving jobs, stimulus checks, tax refunds
How effective have these stimulus checks been?

The couple had a gross income of around $75,000 during the pandemic. Bhatti was the public benefits attorney at the Virginia Poverty Law Center (he is now its deputy director) and Latif teaches online at the College of DuPage in Illinois.

Before securing the stimulus payments, the duo used a “debt reshuffling” approach to stay afloat, Bhatti said. That included taking advantage of several balance transfer offers that had interest-free periods, he said.

They also used stimulus funds to help cover higher household costs for groceries and other items like diapers.

The stimulus changed my way of thinking about what’s possible, my personal spending habits, and the way I manage my money.

Denise Diaz

Florida stimulus check recipient

Bhatti and Latif, like Diaz, also received monthly Enhanced Child Tax Credit payments — up to $250 or $300 per child, depending on age — which ran for six months starting in July 2021.

“Costs have gone up with our new baby, so it often feels like we’re drawing water from a leaky boat,” Bhatti said. “We don’t live on extravagance by any means, but because most of our income [is] going into debt, we pretty much live paycheck for paycheck.”

“Every dollar really counts”

Nestor Moto Jr., 27, has used his stimulus payments heavily to reduce student loans. The Long Beach, Calif. resident received about $4,000 in federal and state payments.

He used about half for loans and 10% for savings. The rest helped Moto, an office manager for an accounting firm, pay bills (phone and car insurance, for example) when his employer cut his full-time schedule to about 10 hours a week earlier in the pandemic.

“They really helped me catch up on my student loans,” said Moto, a California State University Long Beach graduate with a bachelor’s degree in political science. He still owes about $10,000 out of an original balance of $18,000.

Moto wanted to reduce its debt even though the federal government has suspended payments and interest for the past two years. He doesn’t expect the Biden administration clear his outstanding debt.

Sometimes you just feel like you’re not progressing.

Salam Bhatti

Virginia stimulus check recipient

“I saved money,” added Moto. “[The stimulus] really helped put into perspective how much money I make per month and per week and how much I spend.

“It showed me how much every dollar really matters.”

Although grateful for the financial help, Bhatti feels slight disappointment after touching financial freedom. The U.S. economy has rebounded significantly since early 2021, when lawmakers passed the last sweeping pandemic relief package for individuals; another does not seem likely despite continued financial pressures for some households.

“It feels like such a tease,” Bhatti said of the stimulus payments. “It was like you were hanging a carrot in front of you, with the government saying, ‘We know we can help you.’ And then ultimately choosing not to.”

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How to Pay for Summer Fun: Financing Boats, RVs and More | Company https://tinigard.info/how-to-pay-for-summer-fun-financing-boats-rvs-and-more-company/ Fri, 17 Jun 2022 14:22:00 +0000 https://tinigard.info/how-to-pay-for-summer-fun-financing-boats-rvs-and-more-company/ Big summer toys, like boats and RVs, are expensive and few people can cover the purchase price. If you need to borrow money to pay for a summer vehicle, a secured loan is usually the most affordable option. Many lenders also offer unsecured loans. Small purchases, like a jet ski, can be made on a […]]]>

Big summer toys, like boats and RVs, are expensive and few people can cover the purchase price. If you need to borrow money to pay for a summer vehicle, a secured loan is usually the most affordable option. Many lenders also offer unsecured loans. Small purchases, like a jet ski, can be made on a credit card, but interest rates are high, so you’ll need to be careful with this option. Consider your overall budget and any additional costs associated with your purchase before deciding on your best financing option.

Summer is the season for the great outdoors, and getting a new toy, like a boat or an RV, is a dream come true for many people. But with rising interest rates, spikes in the cost of oil, and general economic uncertainty, you might be hesitant to make a big purchase right now.

Financing options, such as a secured loan, can make the purchase more manageable by spreading out the payments. But borrowing is not good for everyone. Look at your budget and factor in other expenses, like storage, maintenance, and gas.

SHOULD WE FINANCE A BIG SUMMER PURCHASE?

Before deciding if and how you should finance, check with yourself why you want to make the purchase, says Jarrod Sandra, a certified financial planner based in Crowley, Texas. According to Sandra, customers are sometimes motivated by the idea of ​​a boat or an RV, not by the reality.

“I think mostly toys, you get that ‘American dream feeling’ of waterskiing behind the boat every Saturday or being out in the beautiful wilderness,” he says.

Sandra, who once owned a motorhome, says that dream doesn’t always come true. Maybe you rarely have time to get in the water on weekends, or the secluded campsite you imagined is actually noisy and crowded.

For those who are sure they want to buy, whether to borrow money largely depends on your overall financial situation, says Marianne Nolte, a Fallbrook, Calif.-based certified financial planner and avid sailor.

“It all comes down to budgeting,” says Nolte. “It doesn’t matter whether you’re 25 and saving for your first home or whether you’re a 50-year-old man who’s well settled in his financial journey. You need to make sure that the money – in terms of flow, you don’t ‘will not harm your monthly expenses.

Nolte adds that just because you can afford a loan doesn’t mean you should automatically get one. Also, make sure you’re not giving up on bigger goals, like saving for retirement, to cover payments.

Both Nolte and Sandra recommend a test drive, such as joining a yacht club or renting an RV for the weekend, to get your feet wet before committing to the purchase.

FINANCING FOR BOATS, RVS AND SMALL TOYS

If you’re going to finance a big summer toy, you’ll probably need a secured or unsecured loan.

Secured loans are usually the most affordable option and are available from banks, credit unions, and some dealerships. Since the purchase itself serves as collateral, interest rates tend to be lower and you can often benefit from a longer repayment term, sometimes up to 20 years.

One of the best ways to get approved for a secured loan is to provide a down payment of at least 10%, says Michael Lax, executive vice president and head of marine RV sales at Bank of the West.

Credit history is also important. If you’ve financed a similar purchase in the past, such as with a car loan, it can make the approval process much easier, Lax says.

Unsecured personal loans are another financing option and are offered by online lenders, banks, and credit unions. These loans don’t require collateral, so you don’t risk losing the item if you don’t repay. Lending decisions are based on creditworthiness, income, and existing debt, but annual percentage rates may be higher and repayment terms shorter, compared to a secured loan.

Some lenders let you prequalify for an unsecured loan, which is a smart way to check potential terms and compare different loans without affecting your credit score.

Borrowers considering smaller toys — think a personal watercraft or all-terrain vehicle — may want to consider a credit card. But especially in an environment of rising credit card interest rates, you’ll want to pay off the balance as soon as possible. The cost of buying can also increase your credit utilization ratio, which could affect your credit score.

If you have good or excellent credit, a 0% APR card may be a good choice. You won’t pay any interest as long as you redeem the card before the promotional period expires and the regular APR sets in.

CONSIDER THE ASSOCIATED COSTS BEFORE MAKING A FINAL DECISION

The purchase price is not the only expense to keep in mind. Depending on the vehicle you purchase, there are an assortment of related costs that you will want to budget for.

Storage and transport are among the most important. While small items may live in your garage, larger items like boats may need to be stored offsite in a marina or parking lot. You will also need to transport the item, which may require a trailer and adding a hitch to your car or truck.

Maintenance is another concern. Like cars, toys require regular maintenance to stay in good condition, whether it’s changing a tire, checking the oil or preparing the vehicle for colder temperatures.

Gasoline, insurance and one-time costs, such as mooring or camping fees, must also be taken into account in the purchase budget.

]]> Critical Survey: Heartland BancCorp (OTCMKTS: HLAN) and Comerica (NYSE: CMA) https://tinigard.info/critical-survey-heartland-banccorp-otcmkts-hlan-and-comerica-nyse-cma/ Fri, 17 Jun 2022 06:21:22 +0000 https://tinigard.info/critical-survey-heartland-banccorp-otcmkts-hlan-and-comerica-nyse-cma/ Heartland Bank Corp (OTCMKTS: HLAN – Get a rating) and Comeric (NYSE: CMA – Get a rating) are both finance companies, but which company is superior? We’ll compare the two companies based on their dividend strength, institutional ownership, valuation, earnings, analyst recommendations, risk and return. Volatility and risk Heartland BancCorp has a beta of 0.68, […]]]>

Heartland Bank Corp (OTCMKTS: HLANGet a rating) and Comeric (NYSE: CMAGet a rating) are both finance companies, but which company is superior? We’ll compare the two companies based on their dividend strength, institutional ownership, valuation, earnings, analyst recommendations, risk and return.

Volatility and risk

Heartland BancCorp has a beta of 0.68, suggesting its stock price is 32% less volatile than the S&P 500. In comparison, Comerica has a beta of 1.33, suggesting its stock price is 33% more volatile than the S&P 500.

Analyst Notes

This is a summary of recent recommendations for Heartland BancCorp and Comerica, as provided by MarketBeat.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
Heartland BancCorp 0 1 1 0 2.50
Comedy 2 6 12 0 2.50

Heartland BancCorp currently has a consensus target price of $97.00, suggesting a potential upside of 7.24%. Comerica has a consensus target price of $99.10, suggesting a potential upside of 34.37%. Given Comerica’s likely higher upside, analysts clearly believe Comerica is more favorable than Heartland BancCorp.

Profitability

This table compares the net margins, return on equity and return on assets of Heartland BancCorp and Comerica.

Net margins Return on equity return on assets
Heartland BancCorp 26.00% N / A N / A
Comedy 33.48% 13.85% 1.10%

Dividends

Heartland BancCorp pays an annual dividend of $2.76 per share and has a dividend yield of 3.1%. Comerica pays an annual dividend of $2.72 per share and has a dividend yield of 3.7%. Heartland BancCorp pays 31.1% of its profits as a dividend. Comerica pays 37.5% of its profits as a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings over the next few years.

Valuation and benefits

This table compares the revenue, earnings per share (EPS) and valuation of Heartland BancCorp and Comerica.

Gross revenue Price/sales ratio Net revenue Earnings per share Price/earnings ratio
Heartland BancCorp $69.81 million 2.60 $18.59 million $8.87 10:20 a.m.
Comedy $3.02 billion 3.19 $1.17 billion $7.25 10.17

Comerica has higher revenues and profits than Heartland BancCorp. Comerica trades at a lower price-to-earnings ratio than Heartland BancCorp, indicating that it is currently the more affordable of the two stocks.

Institutional and insider ownership

1.6% of Heartland BancCorp shares are held by institutional investors. By comparison, 80.1% of Comerica’s shares are held by institutional investors. 22.7% of Heartland BancCorp shares are held by insiders. By comparison, 0.8% of Comerica shares are held by insiders. Strong institutional ownership indicates that hedge funds, endowments, and large fund managers believe a stock is poised for long-term growth.

Summary

Comerica beats Heartland BancCorp on 11 out of 15 factors compared between the two stocks.

Heartland BancCorp Company Profile (Get a rating)

Heartland BancCorp operates as a bank holding company for Heartland Bank which provides various banking and financial services to individuals and businesses. The company offers personal and business checking and savings accounts. It also offers various lending solutions including home mortgages; personal loans, such as home loans and unsecured personal loans, as well as loans for automobiles, boats, motorcycles, motor sports vehicles, recreational vehicles and trailers; commercial and residential real estate loans, construction loans, small business administration loans and working capital lines of credit and equipment financing; equity loans; financial solutions for various markets; and lending solutions for agribusiness. In addition, the company offers credit and debit cards, wire transfers, overnight deposit, safety deposit boxes, cashiers checks, notary services, overdraft protection, cash management, retirement and education planning, wealth management, mobile wallet and online banking, and insurance products and services. It operates through a network of 18 full-service banking offices in central Ohio and northern Kentucky. The company was founded in 1911 and is based in Whitehall, Ohio.

Comerica Company Profile (Get a rating)

Comedica logoComerica Incorporated, through its subsidiaries, offers various financial products and services. It operates through commercial banking, retail banking, wealth management and finance segments. The Commercial Banking segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, capital market products, international trade finance, letters of credit, management services foreign exchange and loan syndication services for small and medium market businesses. , multinational corporations and government entities. The Retail Banking segment provides personal financial services, such as consumer loans, collection of consumer deposits and origination of mortgage loans. This segment also offers various consumer products, including deposit accounts, installment loans, credit cards, student loans, home equity lines of credit and residential mortgages, as well as commercial products and services to micro-enterprises. The Wealth Management segment provides products and services comprising trust, private banking, retirement, investment management and advisory, and investment banking and brokerage. This segment also sells annuity products, as well as life, disability and long-term care insurance products. The Finance segment is engaged in securities portfolio and asset and liability management business. It operates in Texas, California, Michigan, Arizona, Florida, Canada and Mexico. The company was formerly known as DETROITBANK Corporation and changed its name to Comerica Incorporated in July 1982. Comerica Incorporated was founded in 1849 and is headquartered in Dallas, Texas.



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Axos Bank Personal Loans Review 2022 https://tinigard.info/axos-bank-personal-loans-review-2022/ Thu, 16 Jun 2022 07:00:00 +0000 https://tinigard.info/axos-bank-personal-loans-review-2022/ Personal Finance Insider writes about products, strategies, and advice to help you make smart decisions with your money. We may receive a small commission from our partners, such as American Express, but our reports and recommendations are always independent and objective. Terms apply to offers listed on this page. Read our editorial standards. Editor’s note: […]]]>

Personal Finance Insider writes about products, strategies, and advice to help you make smart decisions with your money. We may receive a small commission from our partners, such as American Express, but our reports and recommendations are always independent and objective. Terms apply to offers listed on this page. Read our editorial standards.

Axos Bank personal loan amounts and interest rates

Axos Bank offers fixed rate personal loans ranging from $5,000 to $50,000. These personal loans are unsecured, meaning you don’t have to provide collateral, such as a house or car, to get them.

Axos rates range from 7.15% to 17.99%. This is relatively similar to Marcus’ range of 6.99% to 19.99% and SoFi’s range of 6.99% to 22.23% APR (with all discounts). Your loans will be fixed at a fixed interest rate that will not change for the term of the loan.

The duration of Axos personal loans is between three and six years. Axos allows you to use a personal loan for many reasons, including home renovations, major purchases, and medical expenses.

Advantages and disadvantages of personal loans from Axos Bank

Who is Axos Bank for?

Axos Bank is best for borrowers with excellent credit scores who need to withdraw a large sum of money and want their money fast. However, if you want to use a co-signer or avoid fees, you’re better off choosing another lender.

Comparison of personal loans from Axos Bank

Axos is the only one of the three lenders to charge origination fees or late penalties. Marcus and SoFi have no fees that come with their loans.

All three companies have relatively high minimum loan amounts. The least you can withdraw with Axos and SoFi is $5,000, while Marcus’ minimum is $3,500. Marcus has a maximum of $40,000, Axos’ maximum is $50,000, and SoFi leads the pack with a loan limit of $100,000. you need pretty


good credit

to qualify for a loan in all three companies.

Marcus and SoFi both have distinctive features that you won’t find with other lenders, including Axos. SoFi offers forbearance in three-month increments, up to a year, in case you lose your job while your loan is being paid off. Marcus offers an on-time payment reward. If you repay your loan on time and in full each month for one year, you can waive one month of payments and no interest will accrue during this period. Marcus will then extend your loan for a month.

Is Axos Bank trustworthy?

Axos Bank is a Better Business Bureau accredited company with an A+ rating. The BBB, a nonprofit organization focused on consumer protection and trust, determines its ratings by evaluating a company’s responses to customer complaints, the transparency of business practices and the truthfulness of advertising.

The company has also not been involved in any recent controversy or scandal. You might feel comfortable borrowing from Axos due to its high BBB rating and clean track record.

Frequently Asked Questions

Does Axos Bank check credit ratings?

Yes, Axos Bank performs a soft credit check when you apply for a loan to show your personalized rates. It will have no effect on your


credit score

. However, if you continue with the loan process, the lender will do a thorough investigation, which will give them a full view of your credit history, but may affect your score during the process.

Is Axos a legit bank?

Yes. Axos Bank is backed by the Federal Deposit Insurance Corporation (FDIC), which means your money is federally secured. This applies more to checking accounts and savings accounts, but rest assured that if you are borrowing from Axos, you are using a legitimate bank.

Is it easy to get approved with Axos Bank?

Compared to other lenders, it’s actually a bit harder to get approved with Axos. The bank has a high minimum credit score of 720 for its personal loans, which may make it unaffordable for some borrowers. Other lenders have much lower credit requirements, and some have none.

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Wasabi Wallet 2.0 Releases, Focuses on Optimizing Accessibility for Coinjoining https://tinigard.info/wasabi-wallet-2-0-releases-focuses-on-optimizing-accessibility-for-coinjoining/ Wed, 15 Jun 2022 19:58:00 +0000 https://tinigard.info/wasabi-wallet-2-0-releases-focuses-on-optimizing-accessibility-for-coinjoining/ The latest Wasabi update optimizes the coinjoining process with pre-made profiles that allow customizable privacy settings with improved user experience. Wasabi Wallet has released the latest version of its bitcoin hot wallet, focusing on accessible coinjoining features and improved user experience. Coinjoining is automatic, although users can disable the feature, but users cannot select which […]]]>

The latest Wasabi update optimizes the coinjoining process with pre-made profiles that allow customizable privacy settings with improved user experience.

  • Wasabi Wallet has released the latest version of its bitcoin hot wallet, focusing on accessible coinjoining features and improved user experience.
  • Coinjoining is automatic, although users can disable the feature, but users cannot select which UTXOs they wish to join.
  • Wasabi Wallet 2.0 has a 0.3% coordination fee and pre-set options to optimize the coinjoining experience.

Wasabi Wallet 2.0, a bitcoin-only hot wallet, has been officially published bringing a suite of new features with an intuitive, user-friendly design that seeks to bring an improved level of accessibility for casual users, according to a press release sent to Bitcoin Magazine.

The updated app aims to offer high privacy with lower and more transparent fees. The coordination fee, paid to the facilitator for the coinjoining process, is a flat rate of 0.3%. However, this fee will only be charged to new coinjoins or users who have never used this process for their given coins. This means Wasabi 1.0 remixes and releases will not be charged, nor will transactions for 0.01 BTC or less.

Wasabi attempts to provide a higher level of privacy to its users by allowing customization or a selection of predefined defaults for coinjoining transactions and by removing change outputscreating a smaller digital footprint.

Upon logging in, users will see a progress bar appear immediately at the bottom of the application indicating that the “auto-coinjoin” process has been initialized. This process automatically selects unspent coins or transaction outputs (UTXO), to combine. However, this feature can be disabled through personalization settings.

Among the previously mentioned presets for coinjoining, users will find: privacy, speed, and cost maximization options. If a user chooses to optimize for privacy, the platform will place less weight on the cost and speed of a transaction, and instead focus on the “anonymity score” of the transaction.

The anonymity score ranges from 2 to 300, and by default when set to focus on privacy, the platform will attempt to achieve a score of 50, according to CEO Max Hillebrand during a space Twitter attended Bitcoin Magazine. Users can choose one of the other two options and the base anonymity score will default to 5.

Additionally, Wasabi users will have access to a section called “Coin Wallet”, which will allow users to select specific UTXOs. However, this section is not related to the coinjoining process. Users cannot select which UTXOs they want to reach, but they can select specific UTXOs they want to send to another address. This feature can be useful for particular UTXOs that a user does not want to spend or join, as those coins could just be sent to another wallet.

A full list of features and user experience updates is available hereas well as a video tutorial.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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NJ senator calls for discrimination based on height and weight to be banned https://tinigard.info/nj-senator-calls-for-discrimination-based-on-height-and-weight-to-be-banned/ Mon, 13 Jun 2022 10:39:20 +0000 https://tinigard.info/nj-senator-calls-for-discrimination-based-on-height-and-weight-to-be-banned/ Currently, Michigan is the only state in the nation that prohibits discrimination based on height or weight under its civil rights law, and there is no such federal law. New Jersey State Sen. Andrew Zwicker of D-Monmouth Junction would like to see the Garden State become the second in the United States to ban such […]]]>

Currently, Michigan is the only state in the nation that prohibits discrimination based on height or weight under its civil rights law, and there is no such federal law.

New Jersey State Sen. Andrew Zwicker of D-Monmouth Junction would like to see the Garden State become the second in the United States to ban such biases in hiring, housing and educational practices.

“This is a serious issue, and we don’t condone racial discrimination, gender discrimination, or age discrimination,” Zwicker said.

His bill (S2741), which was introduced June 2 and referred to the Senate Labor Committee, would categorize rejection based on height and weight under the state’s “anti-discrimination law.”

It’s something Zwicker said some other states or individual cities have come up with, but he was “shocked” to learn was not on New Jersey’s books.

He said studies have shown “widespread” discrimination specifically around weight, usually much more in women than in men, and he thinks it’s both harmful and hurtful.

“A study I saw said that between 20% and 40% of overweight people reported some sort of discriminatory behavior towards them,” Zwicker said. “Society put in these ideal sizes, these ideal weights, and those are just things that have been created, and not everyone fits that ideal. And so, people are treated differently.”

According to the wording of Zwicker’s proposal, Michigan law prohibits discrimination in “employment, education, housing, public housing, and public office,” among other grounds, and the senator hopes to cover the same ground. with the New Jersey bill.

Exceptions are provided for cases “in which an individual’s height or weight is a bona fide occupational qualification”, the bill says.

In short, Zwicker’s legislation would empower someone who believes they have suffered such discrimination to sue.

He cited an Atlantic City case years ago, in which a judge dismissed a lawsuit brought by female casino workers who were weighed weekly and threatened with dismissal because there was no basis in New Jersey law to support their claims.

This bill, he said, would close that loophole.

“It’s more than common sense, it’s just the right thing to do, that’s why I wrote it and why I stand for it now,” Zwicker said.

Zwicker intends the legislation to take effect immediately if and when it is passed and signed by the governor.

Patrick Lavery is a reporter and anchor for New Jersey 101.5. You can reach him at patrick.lavery@townsquaremedia.com

Click here to contact an editor about a comment or correction for this story.

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Armed and untrained officers are still patrolling some NJ towns https://tinigard.info/armed-and-untrained-officers-are-still-patrolling-some-nj-towns/ Sun, 12 Jun 2022 22:04:34 +0000 https://tinigard.info/armed-and-untrained-officers-are-still-patrolling-some-nj-towns/ Last year, the New Jersey State Board of Inquiry issued a “Badge abuse” report which revealed that many municipalities in the Garden State still appoint constables. The practice began in the 1600s when there were no police, and the British used them to keep the peace and perform other rudimentary law enforcement services in the […]]]>

Last year, the New Jersey State Board of Inquiry issued a “Badge abuse” report which revealed that many municipalities in the Garden State still appoint constables.

The practice began in the 1600s when there were no police, and the British used them to keep the peace and perform other rudimentary law enforcement services in the colonies.

The SCI report recommended that constables be abolished as many carry arms and wear official-looking uniforms and badges, but have no training or supervision. Some engage in dangerous and illegal behavior.

Assemblyman Ron Dancer, R-Ocean, has now introduced a measure, A3655, to get rid of constables altogether.

“They are imposing police officers, it is totally unnecessary, outdated, they represent a potential danger and it is time for the legislator to act,” he said.

The SCI report documents several examples of officers facing criminal charges for impersonating police officers.

In one case, multiple Essex County Mounties appeared at the scene of the Jersey City mass shooting outside a market in 2019.

They produced firearms and announced that they would provide reinforcements to the police officers who had been dispatched to the scene, even if the gendarmes did not have the power to do so.

The gendarmes are not cops

“Let’s be clear: the gendarmes are not police officers, the gendarmes have not received any certification. It’s time to act here,” Dance said.

He said there were more than 130 police officers across the Garden State and some of those people walked around and acted like they were law enforcement officials, sometimes even issuing tickets and warnings. arrest when they had nothing to do.

Why the gendarmes are seen as a problem

Dance said the position of constable had to be abolished before anyone got hurt.

“The gendarmes have the appearance of a law enforcement officer, but lack training, lack certification,” he explained.

Dancer said lawmakers need to go back and clean up old laws established during colonial times.

“We need to have the New Jersey Police Commission law enforcement officers certify today that constables are not police officers,” he said.

Constables are politically appointed

Dancer is considered that constables are politically appointed.

“There shouldn’t be politically appointed look-alike police on the streets of our state,” he said.

The SCI report indicates that in some cases, the gendarmes were appointed after paying a fee.

The measure has been referred to the House Law and Public Safety Committee, but no action has yet been taken.

Dancer said there was bipartisan support for the measure and he hopes it can move forward in the coming weeks.

David Matthau is a reporter for New Jersey 101.5. You can reach him at david.matthau@townsquaremedia.com

Click here to contact an editor about a comment or correction for this story.

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NJ man found guilty of Jamesburg double murder, including his father https://tinigard.info/nj-man-found-guilty-of-jamesburg-double-murder-including-his-father/ Fri, 10 Jun 2022 22:11:23 +0000 https://tinigard.info/nj-man-found-guilty-of-jamesburg-double-murder-including-his-father/ A Middlesex County jury found a Jamesburg man guilty of kill his own father and a second man before setting fire to a house in a cover-up attempt more than two years ago. Jaree Kitchen, 24, was convicted of the 2019 murders of Clifford Kitchen Jr. and Gregory Fisher, both 53 and of Jamesburg. During […]]]>

A Middlesex County jury found a Jamesburg man guilty of kill his own father and a second man before setting fire to a house in a cover-up attempt more than two years ago.

Jaree Kitchen, 24, was convicted of the 2019 murders of Clifford Kitchen Jr. and Gregory Fisher, both 53 and of Jamesburg.

During a two-week trial that ended on June 1, prosecutors said Jaree Kitchen had moved back to Jamesburg from Georgia to live with her father – but soon after they started having ” important issues”.

House in Jamesburg after a fire

House in Jamesburg after a fire (RLS Metro Breaking News)

Things turned sour with a brutal brawl on November 4, 2019, in which Jaree Kitchen fatally stabbed her father and Fisher, who lived in the same house at 7 Sheridan Street.

Two days later, he set fire to the house in an attempt to destroy evidence of what he had done, prosecutors said.

Kitchen was also convicted of aggravated arson, possession of a weapon, possession of a weapon for an unlawful purpose, two counts of desecration of human remains and tampering with evidence related to the murders.

He is due to be sentenced on October 28 in Middlesex County Superior Court.

Erin Vogt is a reporter and anchor for New Jersey 101.5. You can reach her at erin.vogt@townsquaremedia.com

Click here to contact an editor about a comment or correction for this story.

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Find your municipality in this alphabetical list to see how its average property tax bill for 2021 compares to others. You can also see how much the average bill has changed since 2020. For an interactive map version, Click here. And for the full analysis by New Jersey 101.5, read this story.

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Banner (NASDAQ:BANR) and Five Star Bancorp (NASDAQ:FSBC) Direct Comparison https://tinigard.info/banner-nasdaqbanr-and-five-star-bancorp-nasdaqfsbc-direct-comparison/ Thu, 09 Jun 2022 14:41:30 +0000 https://tinigard.info/banner-nasdaqbanr-and-five-star-bancorp-nasdaqfsbc-direct-comparison/ Five Star Bancorp (NASDAQ: FSBC – Get a rating) and Banner (NASDAQ:BANR – Get a rating) are both small-cap finance companies, but which stock is superior? We’ll compare the two companies based on their risk strength, analyst recommendations, dividends, profitability, valuation, institutional ownership and earnings. Profitability This table compares the net margins, return on equity […]]]>

Five Star Bancorp (NASDAQ: FSBCGet a rating) and Banner (NASDAQ:BANRGet a rating) are both small-cap finance companies, but which stock is superior? We’ll compare the two companies based on their risk strength, analyst recommendations, dividends, profitability, valuation, institutional ownership and earnings.

Profitability

This table compares the net margins, return on equity and return on assets of Five Star Bancorp and Banner.

Net margins Return on equity return on assets
Five Star Bancorp 45.14% 18.45% 1.66%
Banner 32.46% 12.47% 1.24%

Analyst Recommendations

This is a summary of current ratings and target prices for Five Star Bancorp and Banner, as reported by MarketBeat.com.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
Five Star Bancorp 0 0 1 0 3.00
Banner 0 2 0 1 2.67

Five Star Bancorp currently has a consensus target price of $29.00, suggesting a potential upside of 9.64%. Banner has a consensus target price of $65.33, suggesting a potential upside of 13.94%. Given Banner’s likely higher upside, analysts clearly believe Banner is more favorable than Five Star Bancorp.

Dividends

Five Star Bancorp pays an annual dividend of $0.60 per share and has a dividend yield of 2.3%. Banner pays an annual dividend of $1.76 per share and has a dividend yield of 3.1%. Five Star Bancorp pays 23.5% of its profits as a dividend. Banner pays 30.8% of its profits as a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings over the next few years. Banner has increased its dividend for 1 consecutive years. Banner is clearly the better dividend-paying stock, given its higher yield and longer track record of dividend growth.

Valuation and benefits

This chart compares revenue, earnings per share (EPS), and valuation of Five Star Bancorp and Banner.

Gross revenue Price/sales ratio Net revenue Earnings per share Price/earnings ratio
Five Star Bancorp $88.86 million 5.13 $42.44 million $2.55 10.37
Banner $616.92 million 3.18 $201.05 million $5.71 9.98

Banner has higher revenue and profit than Five Star Bancorp. Banner trades at a lower price-to-earnings ratio than Five Star Bancorp, indicating that it is currently the more affordable of the two stocks.

Institutional and insider ownership

37.1% of Five Star Bancorp shares are held by institutional investors. By comparison, 85.0% of Banner’s shares are held by institutional investors. 27.7% of Five Star Bancorp shares are held by insiders. By comparison, 1.5% of Banner’s shares are held by insiders. Strong institutional ownership indicates that large fund managers, hedge funds, and endowments believe a company is poised for long-term growth.

Summary

Five Star Bancorp beats Banner on 9 out of 17 factors compared between the two stocks.

Five Star Bancorp Company Profile (Get a rating)

Five Star Bancorp operates as a bank holding company for Five Star Bank which provides a range of banking products and services to small and medium-sized businesses, professionals and individuals. The company accepts various deposits, such as money market accounts, interest-free and interest-free checking accounts, savings accounts, and term deposits. Its lending products include commercial and residential real estate loans; business loans; commercial land loans; agricultural land loans; commercial and residential construction loans; and consumer and other loans. The company also offers debit cards; and remote deposit capture, online and mobile banking, and direct deposit services. It operates through seven branches and two loan origination offices in Northern California. Five Star Bancorp was founded in 1999 and is headquartered in Rancho Cordova, California.

Company profile banner (Get a rating)

banner logoBanner Corporation operates as a bank holding company for Banner Bank which provides commercial banking and financial products and services to individuals, businesses and public sector entities in the United States. It accepts various deposit instruments, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, regular savings accounts and certificates of deposit, as well as cash management services and savings plans. pension saving. The Company also offers commercial real estate loans, including real estate loans for homeowners, investment properties and multi-family residential properties; loans for construction, land and land development; residential mortgages; commercial business loans; agricultural loans; and consumer and other loans, such as home equity lines of credit, car, boat and recreational vehicle loans, and loans secured by deposit accounts. In addition, it is engaged in mortgage banking business through the origination and sale of one to four family and multi-family residential loans, as well as small business administration loans. Additionally, the company provides electronic and digital banking services. As of December 31, 2021, it operated 150 branches and 18 loan origination offices located in Washington, Oregon, California, Idaho and Utah. Banner Corporation was founded in 1890 and is headquartered in Walla Walla, Washington.



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