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Understanding the HELOC Closing Process
https://www.sofi.com/learn/content/heloc-closing-process/
because of the paperwork and possible stress involved, here’s some good news: The HELOC closing process is typically less complicated than what you’ll go through when you’re getting a primary home mortgage. With a HELOC, the transaction is between just you — as the homeowner and borrower — and your lender. Which can give you […]
Types of Budgeting Strategies and Methods
https://www.sofi.com/learn/content/types-of-budgeting-methods/
Budgets come in all shapes and sizes, from the old-fashioned, “write down everything you spend” approach to using apps that automatically track and categorize your expenses. There is likely at least one method out there that can help you gain insight and manage your finances effectively. Once a budget is up and running, it can […]
How to Find a Financial Advisor
https://www.sofi.com/learn/content/how-to-choose-a-financial-advisor/
Deciding you’re ready to consult with a financial advisor is an important step in reaching your financial goals — but finding the right professional starts with a clear-eyed look at what your needs are and what you can afford. Generally, an advisor will examine a client’s total financial picture, from debt to savings and investments. […]
Living off Dividend Income: What You Need to Know
https://www.sofi.com/learn/content/what-is-dividend-income/
Dividend income: what is it? How is it taxed? Can you make your living off of dividend income alone? We cover all that and more.
What Is House Hacking?
https://www.sofi.com/learn/content/house-hacking/
House hacking is a relatively new term for an old-school goal: Finding a way to earn income from a property you own while you also reside there. Generally, house hacking is defined as renting out parts of your home (one or two rooms, a basement apartment, or one side of a duplex, for example), and […]