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How to Afford a Down Payment on Your First Home
https://www.sofi.com/learn/content/how-to-afford-payment-first-home/
If you’re dreaming of a home of your own, pulling together a down payment is probably on your financial to-do list. That sum can seem hard to wrangle, but take heart: First-time homebuyers with good credit have an edge. They often can put just 3% down, and they have access to a host of down […]
Budgeting for Buying a House
https://www.sofi.com/learn/content/how-to-budget-for-buying-a-house/
Buying a house is a major step, and planning to purchase a home can be a lot of fun. You get to figure out where you’d hang your favorite artwork, plant a vegetable garden, put the PlayStation — and maybe contemplate taking on some DIY projects yourself. But there’s another, more nuts-and-bolts aspect to your […]
How Much Does It Cost to Build an Apartment Complex?
https://www.sofi.com/learn/content/how-much-does-it-cost-to-build-apartment/
As with any construction project, the cost to build apartment complexes differs, based on many factors. The national average is around $12.5 million, but the range varies considerably based on the square footage, number of units, and type of apartment complex. For anyone considering building apartments, it can be helpful to know what influences the […]
How Much Does It Cost to Build a Townhouse?
https://www.sofi.com/learn/content/how-much-does-it-cost-to-build-a-townhouse/
Townhouses offer convenience and amenities that appeal to a range of homebuyers. They’re also growing in popularity, with new townhouse construction up more than 28% from 2020 to 2021. Construction costs also increased during the same time period. Whether you’re building an investment property or your own new home, determining the project cost is essential […]
How Often Can You Refinance Your Home?
https://www.sofi.com/learn/content/how-often-can-you-mortgage-refinance/
Other than possible lender-imposed waiting periods after a mortgage loan closes, you can generally refinance your home as many times as you like. But you’ll want to do the math first. Homeowners choose to refinance for a number of reasons: to lower monthly payments, take advantage of lower interest rates, get better terms, pay the […]