SoFi Blog

Tips and news—
for your financial moves.

family on the beach

Staycation Ideas to Try

Going on vacation sounds like a dream. After all, who doesn’t like jetting off to tropical destinations to sip on oceanside cocktails as the sun goes down? But, like anything in life, faraway vacation dreams can quickly turn into a nightmare.

Between planning, paying for, and actually taking time off work to go on a trip it can all become too overwhelming. So much so that you may choose to not go on a vacation at all, wasting your precious earned time off instead.

But, what if we told you there was a better way? Meet the “staycation.”

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colorful school supplies

Tips for Saving Money on Back to School Supplies

Fall might bring falling leaves and trips to the apple orchard for cider and donuts, but it can also bring a whole lot of stress, especially when it comes to back to school. As your student gets ready for a new year, you’re overwhelmed with new school forms, back to school physicals, sports sign up forms, and of course, the dreaded back to school list.

Back to school lists seem to be getting longer and longer, with students expected to show up with everything from whiteboard markers to tissues. Wondering how to save money on school supplies?

Just because your list gets longer every year doesn’t mean that you have to spend more. With back to school shopping sales and some creative reuse, there are many ways to save on school supplies.

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man in interview waiting room

Highest Paying Jobs Out of College

The term “entry-level job” might bring to mind dingy cubicles, fetching coffee, long hours, or a small paycheck. However, depending on your degree and qualifications, this may not be the case.

With the right diploma and experience, as well as a stellar job search and interview, you could catch one of these coveted roles. A promising role right out the gate could mean financial stability, and paying off those pesky student loans sooner.

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SoFi Mortgage Loans – Spring EQ


Home Equity Line of Credit (HELOC)

Turn your home equity into cash with a HELOC.

✓ Access up to 95% or $500k of your home’s equity
✓ Lower interest rates than unsecured loans
✓ Flexible — borrow what you need, when you need it



Get started

Why SoFi

Finance debt consolidation or home improvements with SoFi as your Home Equity broker.

No change to your mortgage rate

No need to refinance your first mortgage. And for qualified borrowers, there are options to access a large portion of your home’s equity

Lower monthly payment

You could save compared to a high-interest credit card or unsecured installment loan.

Finance almost anything with up to $500k

Access up to $500,000 of your home’s equity (up to 95%) to finance home improvements or consolidate debt.

Dedicated one-on-one support

You’ll have a dedicated SoFi Mortgage Loan Officer to help you find the right loan option.

How it works:

  1. 1

    Help us understand your needs

    Answer a few questions online to help us assist you better.

  2. 2

    Get paired with a dedicated loan officer

    You’ll be connected with an experienced SoFi Mortgage Loan Officer ready to help you determine the right product for you.

  3. 3

    Submit your application.

    Your SoFi loan officer will submit a home equity application for you to get you access to your cash.



Why Home Equity

could be right for you:

Pay off

high-interest debt

You could save with a lower monthly payment by consolidating high-rate credit cards or other installment loans to a lower rate.

Home

improvement

Renovations often result in a higher home value. Home equity can be a cost-effective and tax-deductible way to bring your ideas to life.

Large

purchase

No restrictions on how funds are used. Plus, low rates and longer term options could result in lower monthly payments versus other loans.

Learn more about accessing your home’s equity.









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colorful peaks

July Monthly Market Commentary

The Fed made moves, big tech got slapped and the candidates bristled.

Another month is in the books, and the more things change the more they stay the same. Stock markets seemed to climb to new heights in July while pundits continued to discount the rally and call for the next recession. Even presidential candidates got in on the doomsday predictions this month.

Just like in June, market-moving news is coming from the Fed, geopolitical tensions, and major technology companies. As the summer winds down, sit back and catch up on some highlights from July.

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