FEATURED BLOG POST

17 Ways to Accelerate Your Student Loan Payoff in 2017

Read More

How the fed rate hike impacts student loan rates

Here’s What the Fed Rate Hike Means for Student Loan Rates

One of the best things about earning a degree in the United States is that students can borrow money to go to school. One of the worst things about borrowing that money? Paying it back—with interest. And now, with the news that the Federal Reserve has increased the target range of the Federal Funds rate by 25 basis points, you’re probably starting to sweat over whether the student loan payments that already tax your budget every month will go even higher.

But instead of simply stressing and hoping for the best, you can make an informed decision about what’s right for your financial future—and we want to help., Below, we’ve identified four steps you can take to get centered and make the right move on the heels of the announcement.

Read more
cash rolls, credit cards

Cash-Out Refinance vs Home Equity Line of Credit

For most Americans buying a home is the biggest purchase they’ll ever make and the largest asset they’ll ever own. Houses are illiquid assets, meaning that in order for a homeowner to receive cash from the equity they have built they need to sell the home. This is why mortgage lenders have found creative ways to help borrowers tap into their home’s equity by either taking out a home equity line of credit (HELOC) or by completing a cash-out refinance of their current mortgage.

Read more
Interview with Walmart pharmacist Ashley Holmes about refinancing student loans

Ask Your Pharmacist: Ashley Holmes on Balancing $120K Student Debt With Work & Family Life

In our latest SoFi member spotlight, we celebrate National Pharmacist Day with member Ashley Holmes, who explains how a teenage passion for chemistry led her to work as a Walmart pharmacist. After seven years of college, which left her with $120,000 of student loan debt, Ashley today successfully balances the professional demands of the only employer she’s ever known with the challenges of paying off her student loans, owning a home, and starting a family.

Read more
binoculars

Soft vs Hard Credit Inquiry: What You Need to Know

Did you know that a company can get your credit information with just your name, address, date of birth, and consent? A common misconception is that a social security number is needed.

Credit checks are an uncomfortable fact of adulthood. Everything from buying a home or car, renting an apartment, applying to certain jobs and even having utilities turned on, can involve a credit check. Yet one of the confusing aspects of having good credit is that even as credit checks are becoming more common, having too many can lower your credit score.

Read more
sofi wealth, market commentary

Signs of Expansion – Week of January 11, 2017

So far the world is living up to the hype of a post-election economic expansion. Economies are large, inertial systems and there is little doubt that the seeds of the current uptick in activity were laid several months ago. Regardless, the upward revisions in expected growth and inflation after the election of Donald Trump continue to be vindicated as the data fits the narrative. We are beginning to hear more about increased uncertainty surrounding Trump’s economic policies but our experience is that economic forecasters always view the world as “unusually” uncertain.

Read more
Page 1 of 6312345...102030...Last »
SSL Encrypted
Equal Housing Lender