SoFi Blog

Tips and news—
for your financial moves.

Jul
21
2021

Real Estate and Property Value Tracking

By | Uncategorized | Comments Off on Real Estate and Property Value Tracking


Property Tracking

Track the value
of your home and real estate.

Now you can track your home and property assets right alongside the rest of your money with SoFi.


Connect a property

Owning a home is kind of a big deal.

That’s why we make it easier for you to stay on top of your real estate investments—all in one place

Keep an eye on the value.

See changes in your home’s equity over time.

Stay renovation-ready.

Get personalized renovation cost estimates and financing options.

Protect what matters.

Find the insurance protection that’s right for you.

See if you can save.

Track rates and get tailored refinancing options.

Know your worth

(and your home’s too)

Tracking your real estate is crucial when it comes to understanding your financial health and overall net worth. It also gives you added visibility into the way that financial institutions could value your home and property assets.

*For a limited time, get 250 SoFi points for the first property you connect to SoFi.


Connect a property

FAQs


Why does Kukun’s home value estimator differ from other estimates I see online?
Property values can differ on different sites, as there is not a single right answer. Estimations are used in various ways, such as for purposes of getting a loan or to sell. Each individual Home Valuation Model takes into account specific assumptions about the condition of the home, statistics from other sales in the area, etc. that will make the end estimates differ. In reality, there is no single “true” home value but rather a range a home is worth at any given time based on the features and condition of the home and market conditions. As a result, home value estimates based on home valuation models may provide different estimates at different points within this range depending upon how quickly each individual model incorporates new information (home sales). Last, we have no vested interest in telling you whether your home is worth more or less than it actually is, which is not the case with many online providers for home value estimates. SoFi is committed to providing you with the most unbiased perspective possible and is specifically aiming to replicate how your home will be viewed from a lender’s perspective.

Keep in mind these values are only estimates of your home’s current market value and should be used as a starting point. Always hire a professional appraiser or licensed real estate agent to get the most accurate market analysis for your home before buying or selling.




When are values updated?

The estimates are updated in SoFi Relay each month from the day you added your property. Newly purchased homes or homes in less populous areas may take time for estimations to become available.



How accurate is the estimated home value that’s shown?

Our vendor Kukun’s home value is estimated to be 85–95% accurate. The accuracy depends on availability of data, including square footage, lot size, bed/bath count, and more, plus market transactions, and details on any updates or changes to the property that are registered with local appraisers. The data used for estimation is refreshed on a regular cadence to ensure it keeps up with any changes in the market, such as new sales and listings.

Keep in mind these values are only estimates of your home’s current market value and should be used as a starting point. Always hire a professional appraiser or licensed real estate agent to get the most accurate market analysis for your home before buying or selling.




How does a cash-out refinance work?

When you refinance your mortgage, you can use the equity you’ve built in your home to borrow more than you currently owe and keep the difference as cash.

You might use the money to invest in home improvements, consolidate high-interest debts, or pay for other pressing needs.



Why are property estimates different?

Property values can differ on different sites, as there is not a single right answer. Estimations are used in various ways, such as for purposes of getting a loan or to sell, these numbers can vary widely.



Where does my estimated home value come from?

We get your home value from a property valuation company via our partner Kukun. The data comes from a 20-year veteran in the property valuation market and delivers advanced real estate valuation and data solutions to 47 of the top 50 lenders, who use this data for different purposes in the mortgage-lending process.



What is home equity?

Home equity is the difference between your home value and what you owe on your mortgage. It can change as you pay off your mortgage or when the market value of your home increases or decreases.



How did you calculate my mortgage balance from previous months?

We already know your loan term, the date when you got your loan, and your monthly payment. If you shared your interest rate, we’re able to use those three numbers to figure out your remaining balance for previous months. This estimate assumes that you have not refinanced, made any loan modifications, or changes to your monthly payment. For more info about your mortgage balance, review your mortgage statements and credit report, or contact your mortgage servicer.


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Jul
14
2021

SoFi Schedules Conference Call to Discuss Q2 2021 Results

By | | Comments Off on SoFi Schedules Conference Call to Discuss Q2 2021 Results

SAN FRANCISCO, Calif. – July 14, 2021 – SoFi (NASDAQ: SOFI), a leading next-generation financial services platform, today announced plans to host a conference call to discuss financial and operating results for the second quarter 2021 on Thursday, August 12, 2021, at 5 p.m. Eastern Time. SoFi also plans to release its second quarter fiscal year 2021 results on the Investor Relations section of its website at https://investors.sofi.com after the close of the financial markets on Thursday, August 12, 2021.  

Full session details for the conference appearance are as follows:

CONFERENCE CALL DETAILS – TO DIAL IN BY PHONE
To pre-register for this call, please go to the following link (you will then receive your personal dial-in access details via email):

https://www.incommglobalevents.com/registration/q4inc/8299/sofi-q2-2021- 

WEBCAST DETAILS – AUDIO-ONLY
Use this link to access the audience view of the webcast.

https://event.on24.com/wcc/r/3321652/0B3DD7C2ECE8EB573AFB89EC8ACF717A

A replay of the webcast will be made available after the call on the Investor Relations page of the Company’s website at https://investors.sofi.com/overview/default.aspx  

About SoFi
SoFi helps people achieve financial independence to realize their ambitions. Our products for borrowing, saving, spending, investing and protecting give our more than two million members fast access to tools to get their money right. SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of like-minded, ambitious people. SoFi is also the naming rights partner of SoFi Stadium, home of the Los Angeles Chargers and the Los Angeles Rams. For more information, visit https://www.sofi.com/ or download our iOS and Android apps.

Contact

Investors:
Andrea Prochniak
[email protected]

Media:
Rachel Rosenzweig
[email protected]

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Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, years of professional experience, income, and a variety of other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers, or may become available, such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Financial Protection and Innovation under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp. or an affiliate, NMLS # 696891. (www.nmlsconsumeraccess.org)

✝︎ To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

INVESTMENTS: NOT FDIC INSURED • HAVE NO GUARANTEE • MAY LOSE VALUE. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. The SoFi Wealth platform is operated and maintained by SoFi Wealth LLC, an SEC Registered Investment Advisor. Brokerage services are provided to clients of SoFi Wealth LLC by SoFi Securities LLC, an affiliated broker-dealer registered with the Securities and Exchange Commission and a member of FINRA /SIPC . Clearing and custody of all securities are provided by APEX Clearing Corporation. For more information, please see SoFi Wealth LLC’s Form ADV Part 2 by clicking here for SoFi's Wealth Form ADV Part 2 A&B or by visiting www.adviserinfo.sec.gov .
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