Dec
21
2016
SoFi Blog
Tips and news—
for your financial moves.
Dec
20
2016
Dec
20
2016
Dec
19
2016
Student Loan Payoff + Mortgage Refinancing – Registered
Student Loan Payoff +
Mortgage Refinancing
Get rid of student debt.
And get a better mortgage rate.
A Fannie Mae approved lender.
Checking 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.1 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.
| 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.
| 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
-
Mortgage
-
Home Equity
-
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 Hidden Fees.
No Catch.
No application or origination fees.
Choose Your Term
15-Year Fixed
Pay your loan off faster while
maintaining a constant rate and
payment.
maintaining a constant rate and
payment.
7/1 ARM1
Fixed rates are their
lowest for the first seven
years, then adjust yearly.
lowest for the first seven
years, then adjust yearly.
Questions? Call us for a free consultation at 844-763-4466.
Dec
19
2016
Psychologists Explain How Money Matters Affect the Mind
In her book The Art of Money, author and therapist Bari Tessler writes, “We conflate it with our identity, our sense of worth, our definitions of success and maturity.” The “it” she writes of is money— specifically the concept of “money shame”—but she could easily be writing about sex.
In fact, money may actually be a greater taboo than sex today.
Read more
Stay up to date on the latest business news and stock market happenings.
For people focused on their careers, finances, and relationships, podcasts are the self-help books of the 21st century. They’re typically pretty short (most under an hour) and easily accessible, allowing listeners to take in episodes while driving, working out, or whipping up something for dinner.
Because we know how important career success, wealth, and personal connections are to our members, we’ve handpicked 16 podcasts that offer everything from advice on achieving business success to finance tips to lessons on how to enrich your life.