SoFi Blog

Tips and news—
for your financial moves.

Dec
18
2015

What the Fed’s Latest Move Means for Mortgage Loans

By | Money, mortgage, SoFi News | 1 Comment

The Fed made headlines this week when it announced it will raise its key interest rate for the first time in nearly a decade. While the initial increase is a marginal 0.25 percent, the Fed’s plan to steadily increase rates over the next few years clearly has implications for the broad economy – not to mention individuals like you and me.

Homeowners and prospective homebuyers in particular may be wondering what this news means for mortgage loan rates. Let’s take a look at four different types of mortgage borrowers and how they could be affected.

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Oct
07
2015

Should You Buy a Home Before Year-End? 4 Reasons to Consider Taking the Plunge

By | Money, mortgage | 1 Comment

With the dog days of summer behind us, the real estate market should soon be experiencing an end-of-season cool-down. But that doesn’t mean prospective homebuyers should cool off, as well.

If you’ve been thinking about buying a home, taking the plunge before year-end could save you money, give you extra negotiating power and potentially even increase your future take-home pay. Here are three things that make the fourth quarter of 2015 a great time to buy a home.

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Aug
17
2015

Does Student Loan Debt Hinder Millennial Homeownership?

By | Money, mortgage, student_loan | No Comments

Student loans: Can’t live with ’em, can’t get a college degree without ‘em. At least, that’s the case for most of us.

Despite all the negativity surrounding the subject of student loan debt, the general consensus is that it’s better to have a degree than not have one – even if you have to contend with loans in order to afford it. After all, the typical college grad enjoys higher earning potential and lower unemployment than those without a degree.

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