SoFi Blog

Tips and news—
for your financial moves.

house foundation

How Much Does it Cost to Repair a Foundation?

Like the roots of a tree, your home’s foundation is essential. Without it, your home is anchorless, and if there’s a problem, the rest of your home will reflect that.

Not only does your home’s foundation keep the house standing up, it also works as a barrier for moisture, cold, and movement beneath the ground. Like a tree’s roots, the foundation is essential, and your home couldn’t be here without it.

The average foundation weighs 7.5 tons , and when built properly, it’s meant to last several lifetimes. Issues in your foundation will likely mean a costly repair, but nonetheless is essential to the health and longevity of your property.

Read on to get a proper foundation on foundations, as well as the types of repairs and costs associated with them.

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market chart

What Exactly Is an Inverted Yield Curve?

If you’ve been paying any attention to the stock market and financial headlines over the past few weeks, you’ve likely noticed a lot of turmoil and the term “inverted yield curve” being used quite frequently.

Since 1955, an inverted yield curve has preceded all nine of the U.S. recessions that have occurred. Usually, the curve inverts about two years before a recession hits, so it can be an early warning sign.

The current inversion of the yield curve doesn’t mean that a recession is definitely going to happen within the next few years, but it is one indicator.

What exactly is an inverted yield curve, and what does it mean for the economy and your finances?

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financial chart

Odds of a Recession in 2019

It’s a question on a lot of minds. When is the next recession? Although nobody can claim to possess the trillion dollar crystal ball that predicts recessions, extensive research has been done into what causes economic downturns and where the U.S. seems to be in the current cycle.

It may seem as though there’s always an ongoing conversation about this, and it is overwhelming to try and decipher the mixed messages coming from politicians, economists, and the media.

Uncertainty and fear about the economy can lead to inaction and missed opportunities. There is a lot you can do to prepare and stay informed in an effort to be ready when the recession does come.

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disabled veteran

President Trump Signs Executive Order Cancelling Student Loan Debt for Disabled Veterans

IMPORTANT: Refinancing federal student loans with a private lender, including SoFi, would mean forfeiting access to federal programs like the FREED Veterans Act, income-driven repayment plans, and other federal loan forgiveness or loan cancellation options.

Veterans learn a lot when they volunteer to serve in a branch of the U.S. Armed Forces. They can learn teamwork, loyalty, and discipline. Veterans might learn skills from how to run a nuclear submarine to cooking chow in a theater of war to dressing a wound in the field. And they probably learn how to make a plan and stick to it.

But what happens if they become disabled during their service? What happens if their best laid plans are thrown to the wind and they’re unable to fulfill student loan obligations as the result of an injury in the line of duty?

As of Wednesday, August 21, 2019, these vets, those with student loan debt struggling with disabilities as a result of their service, might be able to breathe a little easier.

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young woman college student

College Classes to Improve Your Financial Literacy

If you’ve spent any time lately reading about the financial issues affecting young adults, you may have come across news reports about the need to increase “financial literacy.”

Turns out, even the best and brightest college students and recent graduates aren’t necessarily skilled at managing their money—and they aren’t being provided with much education regarding basic financial concepts.

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