SoFi Blog

Tips and news—
for your financial moves.

Instant Funding Now Available for SoFi Crypto

Last year, we added cryptocurrency trading to our SoFi Invest® platform. Since its launch, Bitcoin has become the most popularly bought or traded asset on all of SoFi Invest. Now, we’re ready to add to its convenience with instant funding.

Buying and selling crypto used to take a full business day to use your funds. But when you’re excited to make a trade, even a day might seem like too long.

Want to use your weekend to dive into some crypto trading? Sounds like a productive way to spend a Saturday! Starting this week, SoFi Invest members won’t have to wait until Monday to use their cash. Even on a non-business day, you will still get instant access to your funds in order to make a trade.

If you’re new to investing crypto, it’s worth noting that it is highly volatile and comes with a degree of risk. You can learn more about the ins and outs of cryptocurrency at our guide to crypto hub.

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Mortgage Rates are Low—Should You Consider Refinancing?

Waiting around for a good mortgage rate can make you feel a little like a ballplayer who’s been warming the bench—except there’s no coach to tell you when to get in there and play.

It’s up to you to decide if the timing and terms of any new loan are right for you.

If you’ve been sitting on the sidelines for a while, wondering when and if to jump in and refinance, you’ve probably noticed that mortgage rates are fluctuating with economic news but are still lower right now than they have been since late 2016. Simply put, right now the market’s hot, and it might be time to start the mortgage refinancing process.

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SoFi Looks Ahead to 2020

Earlier today, SoFi hosted a small group of press to talk about what we accomplished in 2019 and what we have planned for 2020 with our CEO Anthony Noto—while getting a chance to show off our shiny new digs in downtown San Francisco. We thought you might be curious to hear what he talked about, too!

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Understanding Financial Cheating and What to Know

It can often start out innocently enough. One partner, who may be better with handling money and finances (or more willing to take on the responsibilities) offers to pay the bills and balance the checkbook every month.

However, with time, the spouse not paying the bills may begin to wonder how things are going: are the credit cards paid on time? How about the mortgage and car payments?

If you’re experiencing financial cheating or are dealing with an overspending spouse, first remember that what doesn’t kill you makes you stronger. A financial challenge like this one can have a positive outcome and set you on an even better path than the one you were on before.

It can be the one incident that may draw you closer as a couple (once the problem is confronted and on its way to being resolved).

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Quantifying the Value of Extra Student Loan Payments

Barnum Financial Group recently added a student loan contribution program to the list of benefits available to their new advisors—and, during our conversations with them, we talked about how a principal payment from an employer has value beyond the amount of the actual monthly contribution.

For example, when you front-load the amount of money put down on a student loan, you can pay the loan down more quickly and reduce the amount of money that’s paid back, overall.

To help quantify the value of an employers’ contribution to your student loan debt, you can use our student loan debt navigator tool.

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