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How Soon Can You Refinance an FHA Loan to Conventional?
https://www.sofi.com/learn/content/how-soon-can-i-refinance-fha-loan-to-conventional/
There is no waiting period for borrowers who want to refinance an FHA loan and switch to a conventional loan. But that doesn’t mean it’s automatically a good idea. When you refinance a mortgage, you want to benefit — maybe enjoy lower monthly payments, or perhaps save money on interest over the loan term. To […]
The College Money Talk: Explaining to Your Child What You Can and Can’t Afford
https://www.sofi.com/learn/content/having-the-college-money-talk-with-your-child/
When your high schooler starts thinking about college, one of the best things you can do is to have The College Talk: a frank discussion about education, career, and life goals. The College Money Talk — the dollars and cents of the process — should be a part of the conversation. This will help you […]
How Government-Backed Mortgages Work
https://www.sofi.com/learn/content/government-backed-mortgages/
Government-backed mortgages can be easier for potential homebuyers to qualify for as these loans are insured by the federal government, which brings down the risk for lenders. There are three main types of government-backed mortgages that can help consumers — and especially first-time homebuyers — reach their goal of homeownership. Let’s take a closer look […]
Comparing the Pros and Cons of Going to College
https://www.sofi.com/learn/content/pros-and-cons-of-college/
More and more young people are on the fence about going to a traditional four-year college. One popular decision-making strategy is to create a list of pros and cons of going to college. To get you started, we’re going deep into the benefits and downsides of attending college. Keep reading to learn how college is […]
First-Time Homebuyer Assistance Programs & Grants in the Midwest
https://www.sofi.com/learn/content/first-time-home-buyer-programs-midwest-states/
If you’re a first-time homebuyer, you may qualify for special mortgage rates and incentives not available to other homebuyers. For Midwestern buyers, we’ve rounded up all of the information you need to understand which programs you may qualify for in your region. Recommended: What is the Average Down Payment on a House? Popular Midwest First […]