The Silicon Review
If you're looking for a way to lower your mortgage payments or get your home loan paid off faster, refinancing may be a good option. Refinancing involves swapping your existing mortgage for a new one with more favorable terms. There are several advantages to refinancing, but the process isn't without certain drawbacks – especially when it comes to the fees involved. Depending on your situation, the costs of refinancing could outweigh the benefits, so you need to know what you can expect. Business finance is the art and science of managing your company's money. The role of finance in business is also to make sure there are enough funds to operate and that you're spending and investing wisely. The number one reason that many people refinance is to get a lower interest rate on their mortgage. Some even choose to buy points to lower their price. This essentially means paying an upfront fee in exchange for a lower monthly rate. A lower rate translates to lower payments, which means you'll pay less for your home overall. Paying less towards your mortgage each month also frees extra cash in your budget that you can put towards your short- and long-term savings goals.
SoFi is a values-driven company that creates new financial products and services. The firm helps people borrow, save, spend, invest, and protect their money better so that they can achieve financial independence and realize their ambitions from owning a home to saving for retirement, paying off their student loans, and more. SoFi is a different kind of finance company whose goal is to help people get their money right. Their products are built around their members to have the tools they need to take control of their financial futures.
Value-based services offered by SoFi
Student Loan Refinancing
Student loan refinancing is an excellent solution for working graduates who have high-interest, unsubsidized Direct Loans, Graduate PLUS loans, and private loans. Federal loans do carry some special benefits, such as public service forgiveness and economic hardship programs, that may not be accessible to you after you refinance. It saves thousands of dollars thanks to flexible terms and low fixed or variable rates. It is fast, easy, and all online, a simple online application, and access to live customer support seven days a week. There are no hidden fees, no catch, and no application or origination fees. No prepayment penalties and also SoFi members get career coaching, financial advice, and more all at no cost.
Medical and dental resident student loan refinancing
SoFi will refinance student debt for medical residents and fellows before you become an attending physician. Residents will be required to make minimum monthly payments of $100 on their debt to SoFi until the end of your residency or fellowship program, up to 54 months. After this time, your loan will re-amortized, and your payment amount will increase according to a fully amortized loan schedule.
Whether you're buying a home or refinancing an existing mortgage, SoFi will be by your side from start to finish making sure that the process is as quick and painless as possible, without any hidden fees or prepayment penalties.
Private Student Loans
Most students have limited credit history and income. Adding a consigner with a solid financial history and good credit may improve your chances of loan approval and, sometimes, even a lower interest rate. SoFi is different, and in the student loan refinancing space and bring the same trusted service and ease to private student loans. On top of that, the loan offers competitive rates and flexible terms with no fees, and easy all-online application, and human support when you need it.
The Visionary leader behind the success of SoFi
Lauren Stafford Webb serves as the Chief Marketing Officer of SoFi. Ms. Lauren oversees SoFi's brand and advertising initiatives. She joined SoFi from Intuit, where she led global corporate marketing, spearheading the delivery of the company's first corporate brand strategy and campaign. Before Intuit, Lauren held marketing leadership positions at Procter & Gamble, achieving impressive results leading to several household brands at different stages of growth and innovation.
Ms. Lauren holds a bachelor's degree in Finance from The Ohio State University Fisher College of Business.