SoFi Blog

Tips and news—
for your financial moves.

How to choose a new neighborhood when home buying

How to Tell If You’ve Outgrown Your Neighborhood—and Where to Go Next

There comes a turning point in every renter’s life, where that neighborhood you loved when you moved in just doesn’t feel right anymore. It happens—sometimes the community surrounding your home changes, and isn’t quite as sweet as when you first moved in. But more often than not, as life goes on, careers advance, families grow, and finances improve, it’s less about the neighborhood transforming, and more about your own priorities shifting for what you want out of an area.

While you may have once reveled in the fact that your neighborhood boasted plenty of hotspots just outside your front door, you may now yearn for a quieter, more family-focused locale so that you can start your own. Better yet, as your career has blossomed—along with your salary—it may be time to upgrade to a larger place with more of your “wish-list” items in an area, where you’ll be surrounded by up-and-comers just like you. After all, home buying isn’t just about falling in love with a house, securing a mortgage, and making that square footage your own; it’s also about finding the perfect neighborhood that works for you today and tomorrow.

If it’s time to assess whether you’ve outgrown your neighborhood, here are the questions to ask yourself:

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New York homes that make us want to become howmeowners

5 New York Homes That Make Us Want to Book a Moving Truck

New York real estate has much to offer depending on where you choose to live. The city that never sleeps has Central Park, the bright lights of Broadway, and countless restaurants with world-renowned chefs at the helm. The ‘burbs, on the other hand, offer large yards and more living space for your buck. Whether you’re ready to take on a borough or get away from it all, New York is a great place to call home.

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How to Buy Your First Home

How to Buy Your First Home (And Why 2017 is the Year of the Millennial Homebuyer)

If you’ve been thinking about buying your first home, now could be a great time to take the plunge. With interest rates expected to rise, locking in a rate on your mortgage early can be a cost-saving move. Also, as rents continue to climb, you might be ready to invest that monthly check in something that can appreciate in value—not to mention something that gives you a tax break come next April.

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Going From $54k in Debt to Saving for a Wedding and House: An Interview with SoFi Member Deanna Krinn

Name: Deanna Krinn

Age: 29

Locale: Bloomington, IN

Alma Mater: Indiana University

By Day: Project Manager at Indiana University Communications

SoFi Member Since: 2015

Approximate SoFi Loan: $54,000, Combined Personal and Student Loan Refi

SoFi Savings: ~$500/month

Deanna Krinn is the first in her family to put herself through college, which she knew would be challenging when relying solely on scholarships and loans.

As a result of having to move to attend college, Deanna maxed out her first credit card, charging $2,000 on it in just a few months after arriving at Indiana University. Despite working three jobs to cover her expenses while in school, her total credit card debt grew to over $16,000, and she was forced to take out a personal loan to keep up with payments.

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