SoFi Blog

Tips and news—
for your financial moves.

6 Things to Do With Your Student Loan Refinance Savings

Life After Refi: 6 Things to Do With Your Student Loan Refinance Savings

Student loan refinancing is most likely the first major financial decision you’ve made as a young professional—and it was a smart one. For starters, you’ve achieved an immediate psychological win, and you can breathe easier knowing you’ve taken a strong step toward eliminating your student loan burden. Plus, by scoring a lower interest rate and more manageable monthly payments, you now have wiggle room to chalk up some other financial gains.

Here’s how to get cracking on achieving major money milestones now that you’ve refinanced your student loans:

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How much home can you afford?

How Much Should You Pay For a New Home?

Editor’s Note: This new series on Financial Fitness comes from personal finance expert, and SoFi content partner, Dr. Tony Pennells, founder of MindShift.money, Using proven tools and systems, Dr. Tony demystifies “financial freedom” with common sense solutions to help people create true wealth (the type that makes money that you don’t have to work for!). Click here for earlier stories in the series.

How much should you pay for housing? This is a great question. We’re expected to own a home. If you haven’t been told this directly, you’ve probably felt the pressure over the years, because the idea that a home is a good financial investment is ingrained in our culture. And that’s fine. Owning a home can be a good thing. But not always.

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How to Choose the Best Neighborhood When Buying a Home

With spring home buying season just around the corner, you may be gearing up for a string of weekends spent perusing open houses. Want to get a jump on your search now? If you haven’t settled on the best neighborhood to buy a home, now’s a good time to do some research.

Choosing the right neighborhood is no small feat, especially if you’re relocating long distance to an area that you don’t know well. While a great neighborhood can make your dream home even dreamier, just one bad neighbor or experience could have you thinking twice about how much you love your new digs. So how can you tell if you’re buying a home in your ideal community, or if you’re about to become financially tethered to a situation you’ll soon regret?

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Should You Buy a Home Before Year-End? 4 Reasons to Consider Taking the Plunge

With the dog days of summer behind us, the real estate market should soon be experiencing an end-of-season cool-down. But that doesn’t mean prospective homebuyers should cool off, as well.

If you’ve been thinking about buying a home, taking the plunge before year-end could save you money, give you extra negotiating power and potentially even increase your future take-home pay. Here are three things that make the fourth quarter of 2015 a great time to buy a home.

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