SoFi Blog

Tips and news—
for your financial moves.

backyard patio exterior

Financing The Ultimate Backyard Remodel

The last cold snap has finally passed and you can finally go outside without a full-on puffy jacket cocooning you ankle to shoulder. Soon enough it will be summer a.k.a. backyard season.

But what if your backyard is looking a little grim? A backyard remodel can help turn even the dingiest cement patio into your own personal oasis—where you can sit back and relax by your own personal pond, or live out your Masterchef dreams with an outdoor artisan pizza oven that bakes the crispest crusts on the block.

A backyard remodel is also a great way to bring an outdated home into the modern era without worrying about removing walls or making structural changes to the interior of your home. Adding modern landscaping can take a 70’s home from drab to fab faster than you can say “lawn flamingo.”

And depending on the extent of the remodel, updating your backyard could also be cheaper than interior home renovations. A backyard remodel could also potentially increase the value of your home, which means that putting some work into your yard now might help maximize the amount you can sell the home for later.

Here’s what you need to know about backyard remodeling before you start peeping new raised flower beds for behind the pool.

Read more
womens jeans

The Company Chat: A Look at Levi’s Pair of IPO’s

On March 21, the floor of the New York Stock Exchange was full of traders wearing denim jackets and blue jeans. No, it wasn’t casual Friday (in fact, it was a Thursday). The occasion for breaking their strict dress code? Levi Strauss, the iconic jeans maker, was going public after a 30-year hiatus from the markets.

In a season of roller coaster initial public offerings (IPOs) for upstarts, like Lyft and Uber, the 165 year-old brand had a more streamlined debut. Levi Strauss shares soared 30% in the first day of trading, increasing from $17 to more than $22 per share.

(The company’s bankers had initially advised Levi to price its shares even lower, between $14 and $16, apparently underestimating Wall Street’s demand.) The company’s valuation surged from $6.6 billion to $8.7 billion as a result.

In all, the company offered 36.7 million shares , raising $623.3 million, in the offering. Fittingly, it is trading under the ticker symbol “LEVI.” As of mid-June 2019 , the share price was at $21.49 with a market capitalization of $8.4 billion.

The Levi’s brand has stood the test of time (who doesn’t love a pair of 501 jeans?). Here’s a bit of background about this company’s colorful history and why it went public, then private—then public again.

Read more

Parent Student Loans DM





Checking your rate will not

affect your credit score.


Fast and easy parent student loans.

SoFi’s helped 550,000+ grads refinance their student debt. Now we’re helping parents like you pay for your child’s education—without any fees or fuss.

All online, all easy.

Finish our simple online application in minutes. And get peace of mind knowing SoFi will help cover the full cost of your child’s attendance.

No fees, no fuss

No fees means no fees. That means no origination fees, no late fees, no prepayment penalties, and no insufficient funds fees. Period.

Competitive rates

With rates as low as 3.43% with autopay*, you can save more versus other private lenders.

Exclusive member benefits

SoFi members can qualify for exclusive rate discounts. Plus, get access to financial advisors, networking events, and more—all at no extra cost.


Choose from low fixed or variable rates.

Fixed

5.05% – 11.71% APR*

with autopay

Variable

3.43% – 11.03% APR*

with autopay

Not sure which to choose?

Learn more.→


Repay your way.

Pick the repayment option that works for you and your budget.

Interest only

Pay only interest payments while your student is in school.

  • Moderate payment while student is in school
  • Reduces overall cost

  • Immediate

    Start paying principal and interest payments right away.

  • Highest payment option while student is in school
  • Lowest overall cost option


  • How it works:

    1

    Apply online in just minutes.

    Get your rate fast and find out if you’re pre-qualified
    before you even finish the full application.

    2

    Select your rate and repayment option.

    Choose from fixed or variable rates.
    Then, pick from two repayment options.

    3

    Sign and accept your loan.

    Upload screenshots of your info, sign your paperwork
    electronically, and voilà—your work is done!
    We’ll handle it from here.















    FAQs












    Get started in minutes.

    Find your loan rate in just a few clicks.

    Read more
    couple with RV trailer

    5 Reasons an RV Is Ideal for Summer Travel

    In a perfect world, going on vacation wouldn’t mean sacrificing all the comforts of home. It would be possible to experience new places without ever feeling like you’ve left anything behind. House sharing and interesting new vacation rentals have come close to solving this problem, but there might be an even better solution.

    Driving around the country this summer in a recreational vehicle (RV) might just be the way to hit the road. With loads of options from small vintage-inspired teardrop trailers all the way up to rolling mini-mansions, you’ll probably find something that fits your needs in an RV for summer travel.

    Read more

    What rate discounts do you offer?

    You can get a 0.25% interest rate reduction when you sign up to make automated payments from your checking or savings account. Learn more about SoFi’s autopay discount on our repayment options and examples page.

    If you are an existing SoFi Member, you could get an additional 0.125% interest reduction on your SoFi Private Student Loan.

    If you have taken out a private student loan with SoFi before, we’ll give you a 0.125% discount automatically when you take out your new loan.

    Find out more about SoFi’s Member Rate Discount eligibility requirements here.

    Read more
    TLS 1.2 Encrypted
    Equal Housing Lender