Refinance Parent PLUS loans you’ve taken on to fund
your kid’s education. You could save thousands and pay
off your Parent PLUS loans sooner.

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Why refinance Parent PLUS loans with SoFi?

View your rate

 
Checking your rate will not affect your credit score.

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View your rate}
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Refinancing student loans can be a great strategy for saving money when you’re done with school, but you can also take steps before even applying for loans that will pay off over the longterm.

However, getting accepted to an MBA program is challenging.  So much so that by the time graduate students are admitted to a program, many of them want to secure the first funding options available without pausing to thoroughly assess all the options.

Expands Low-Down Payment Jumbo Mortgages to 20 States + Washington, DC

San Francisco, Calif. — March 11, 2015 SoFi, a leading market place lender, today announced the launch of a first-of-its-kind mobile mortgage experience.  Now, both homebuyers and those looking to refinance their mortgage can secure personalized loan rates and get prequalified via their smartphone, tablet or online. The launch marks a significant step in SoFi’s 2015 plans to bring the entire mortgage experience online for the modern home buyer – from prequalification to closing.  It also compliments the mortgage product innovations SoFi brought to market late last year, including 10% down payment jumbo loans and unconditional property pre-approvals to compete with all-cash offers.

“The mortgage experience leaves much to be desired.  You enter a lot of information, and instead of seeing rates you get phone calls.  Lots of phone calls.  Usually during dinner.  That’s not the way modern homebuyers, particularly Millennials, want to shop for a loan,” said Mike Cagney, CEO of SoFi.  “We’ve created a fast, simple and flexible online way to get personalized quotes in real time, along with access to a SoFi mortgage specialist if you need more help.  This is the start of a fundamental shift in how people will shop for loans.”

SoFi is building on its success with student loan refinancing to offer innovative mortgage solutions for high quality borrowers seeking both high and low down payment purchase and refinancing options.  Highlights include:

• Competitive rates for purchasing and refinancing your home.
• More for your money – as little as 10% down on loans up to $5M.
• Greater flexibility – rates for up to 50% down on loans up to $5M.
• Painless prequalification – find your rates online right now.
• Property pre-approvals – compete with all cash bids without loan contingencies.
• Fast financing – loans generally close within 21 days.

“Traditionally, mortgage lending was a draconian process where banks treat you like a money launderer until you prove otherwise. I’m proud that we’ve turned this experience on its head,” continued Cagney. “We believe that borrowers who have good jobs, strong credit and cash flow shouldn’t be denied a home because they don’t have a twenty percent down payment.”

According to research from the National Association of Realtors, Millennials make up 31% of home buyers, the largest segment in the marketplace. A whopping 94% of Millennial home buyers begin their journey by looking online, and more than half of Millennials and Gen X’ers start their home buying search on their mobile device.

Since launching mortgages in October 2014, SoFi has more than tripled its mortgage presence to 20 states and the District of Columbia.  Current states include Alabama, California, Delaware, Florida, Georgia, Illinois, Indiana, Maryland, Minnesota, North Carolina, North Dakota, New Hampshire, New Jersey, Pennsylvania, Rhode Island, Texas, Washington, Wisconsin and Wyoming;[1] more states will be added soon.

Unique in marketplace lending, SoFi has invested heavily in delivering a lending experience that meets the needs of today’s prime borrowers.  After becoming the largest provider of student loan refinancing, the company recently launched personal loans to help members tackle high interest credit card debt.  Unlike traditional lenders, the company offers a suite of benefits to help members continue to succeed, such as career coaching, job placement assistance, entrepreneurship support, and the SoFi Members Network.

For more information on SoFi mortgages, visit sofi.com/mortgage.  All loans funded by SoFi Lending Corp. NMLS # 1121636.

About SoFi:

SoFi is a leader in marketplace lending and the largest provider of student loan refinancing, with over $1.75 billion dollars in loans issued.  We’re transforming financial services for ambitious early-stage professionals with student loan refinancing, mortgages, mortgage refinancing, and personal loans.  Unlike traditional lenders, our proprietary underwriting approach takes into account merit and employment history to offer unique credit products our members won’t find elsewhere.  For more information, visit SoFi.com

[1] sofi.com/eligibility-criteria

Paying for a wedding these days is no joke. With the average cost weighing in at more than $31,000 (a five-year high) it’s little wonder that a growing number of couples are looking for ways to save on the big day. But at the same time, you (ideally) only get to do this once, so you want to do it right.

If you’re in this camp, check out these five easy swaps that keep your budget under control – without compromising your vision for the special day.