Student Loan Payoff +
Mortgage Refinancing
Get rid of student debt.
And get a better mortgage rate.
A Fannie Mae approved lender.
Find My RatesChecking your rate will not affect your credit score✝︎.
How It Works
Start saving money on your mortgage—all while leveraging home equity to pay off existing student debt.* Now that’s a win-win.
SoFi consolidates your student loans with your existing mortgage.
Then refinances the total amount at a lower rate (with an LTV limit of 80%).
Your student loan balance is simultaneously paid off, directly to the servicer.
Home Value Of $300K
The LTV(loan-to-value ratio) of a home is a way to compare the loan amount on a property with the property’s value. Lenders commonly use LTV to determine what interest rates they’re willing to offer you.
READ MORE| Mortgage payment | $946 |
|---|---|
| Student loan payment | $299 |
| Monthly payment | $1,245 |
| Tax-deductible interest savings | $164* |
| After-tax amount* | $1,081* |
*Assumes a 25% tax rate
The LTV(loan-to-value ratio) of a home is a way to compare the loan amount on a property with the property’s value. Lenders commonly use LTV to determine what interest rates they’re willing to offer you.
READ MORE| Mortgage payment | $1,108 |
|---|---|
| Student loan payment | $0 |
| Monthly payment | $1,108 |
| Tax-deductible interest savings | $186* |
| After-tax amount* | $922* |
*Assumes a 25% tax rate
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Student Loan
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Mortgage
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Home Equity
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Student Loan
Payoff Refi
Why SoFi?
Painless
Pre-Qualification
Pre-qualify online in two minutes with no impact on your credit score.
Fast
Financing
Typical applications close in less than 30 days.
No
Origination Fees
No application, origination, or other lender fees. No pre-payment penalties.
No Paperwork
Nightmares
Less paperwork than traditional lenders means less hassle.
