FEATURED BLOG POST

Millennials Are Seeking Prenups—and It Might Just Be Worth Considering

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How to (Actually) Buy Your First Home in New York City

You have to earn the right to call yourself a New Yorker, and one of the ways you can do that is by suffering through the challenge that is finding housing in New York City. It’s a badge of honor you can wear with pride once you do—I mean, New York is one of the only cities in the world where people willingly pay over $1,000 a month for an apartment that has a shower in the kitchen.

But even as one of the most expensive cities in the world, it may make financial sense to buy sooner rather than later in this city. You only need to stay put for three years to make buying in Queens worth the price, four and a half years for Brooklyn, and seven and a half years for Manhattan, according to a study done by StreetEasy.

The desire for space and affordability sends some first-time homebuyers to New Jersey, Long Island, or quaint towns along the Hudson River (all of which still come with steep price tags). But for those committed to staying within the five boroughs, the question remains: Just how the heck do you navigate being a first-time homebuyer in New York City?

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What Exactly Is Student Loan Refinancing? Why HR Professionals Need to Know

As an HR professional, you’re likely aware that many of your millennial and Gen X employees struggle with student loan debt. The average 2016 graduate has student loan debt of $37,172. Nationally, that debt is now over $1.4 trillion, which is more than the total credit card debt of all Americans.

Last summer, we surveyed 1,000 working professionals for The Impact of Student Loan Benefits, SoFi’s most recent white paper outlining the effect of student loan debt on employee recruitment, engagement, and retention. And what we found was telling: Employees want help alleviating the financial pressure of their student loan debt balances. In fact, just over 60% of respondents said that student debt is one of the top two most stressful financial burdens in their lives.

Luckily, student loan refinancing exists, and many millennial and Gen X employees are taking advantage of it. But what is it, and how does it help?

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The (Truly) Ultimate Guide to Buying a House in the San Francisco Bay Area

As anyone who lives in the San Francisco Bay Area will tell you, it is truly a place like no other. The tech industry beckons with its surfeit of good paying jobs, the restaurant scene rivals that of any world capital, oh—and where else can you ski in the mountains one weekend, and then kayak with sea otters the next?

So while it’s not hard to understand why so many people are clamoring to buy a home in the Bay Area, those incredible perks are offset by one major drawback—a sky-high real estate market.

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Buying a Home: Mortgage Prequalification vs Preapproval

Buying a home can be an exciting and nerve-wracking time, especially for first-time homebuyers. There are many steps to understand and manage in the home buying process and it’s important to work with a lender you trust. Many hopeful homebuyers believe the process begins with finding the perfect house, but this approach skips two important steps that can put buyers at a disadvantage.

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How to Use Tech to Buy a House (and Take Your Hunt to the Next Level)

We use tech for just about everything these days. If the need exists, as they say, “there’s an app for that”—whether it’s food delivery, laundry service, or borrowing a car.

So for the complicated process that is searching for your first home, it’s no surprise that a few innovators are giving it a tech upgrade. Apps and online tools simplify the more labor-intensive parts of house hunting, from learning real estate lingo and weighing mortgage options to finding new listings and investigating neighborhoods.

Here’s a tour of some of the most useful house-hunting websites and real estate apps to use on the path to buying your dream home.

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