What Is a Home Equity Line of Credit (HELOC)? | SoFi
Wondering whether a home equity line of credit is a good idea? We look at the pros and cons to help you decide if it’s the right move for you.| SoFi
Table of Contents Understanding Each Section of a Financial Statement Financial Statement Ratios and Calculations FAQ A company’s financial statements are like a report card that tells investors how much money a company has made, what it spends on, and how much money it currently has. Knowing how to read a financial statement and understand […] The post How to Read Financial Statements: The Basics appeared first on SoFi.| SoFi
Table of Contents What Is Book Value Per Share? Book Value Per Share vs Market Value Per Share What Does Book Value Per Share Tell You? How to Calculate Book Value Per Share Example of Book Value Per Share How to Increase Book Value Per Share FAQ Unlike market capitalization, which measures a company’s total […] The post What Is Book Value Per Share (BVPS)? appeared first on SoFi.| SoFi
Table of Contents What Is the Payback Period? How to Calculate the Payback Period Payback Period Formula (Averaging Method) Payback Formula (Subtraction Method) Benefits of Using the Payback Period Downsides of Using the Payback Period When Would an Investor Use the Payback Period? FAQ The payback period is when an investment generates enough cashflow or […] The post Payback Period: Formula and Calculation Examples appeared first on SoFi.| SoFi
Wondering whether a home equity line of credit is a good idea? We look at the pros and cons to help you decide if it’s the right move for you.| SoFi
Set it and forget it: Pros and cons of putting your finances on auto.| SoFi
Ready to take control of your money? Learn 10 habits that can help you earn, save, and spend smarter so you can reach your financial goals.| SoFi
High earners can reduce taxable income in many ways. We review the basics and introduce you to new tactics, such as tax loss carryforward.| SoFi
A 401(k) catch-up contribution allows savers age 50 and up to put more money in their plan each year. Learn what a 401(k) catch-up is and how it works.| SoFi
You may be wondering, should I sell my house now? Here are reasons to go for it — and when to wait.| SoFi
Setting up recurring transfers to pay monthly bills is convenient and can help save money and protect your credit Learn about the pros and cons of bill pay.| SoFi
How does a home equity loan work? We'll discuss the types of home equity loans, the advantages and disadvantages of each type, and how they actually work.| SoFi
A cardless ATM lets you get cash without the use of a debit card. You’ll need a smartphone and a checking account that supports cardless cash. Learn more.| SoFi
If you’re in the market for a mortgage, factors within your control and outside it influence the rate you may be offered. Read more for good mortgage rates.| SoFi
REITs give investors exposure to the real estate market without the burden of owning property. REITs offer tax benefits, but come with risks. Learn more.| SoFi
Finding and reporting common credit report errors can positively impact your financial life. Here, the steps to review your file and address any issues.| SoFi
Discretionary income varies from person to person, so find out what discretionary income is, how to calculate it, and the best ways to use it each month.| SoFi
Your credit history is detailed in your credit report. Learn how to read your credit report to spot fraud or errors that can lower your score.| SoFi
Most of your accounts probably report information to the credit bureaus every 30 to 45 days. A score may change very little if consistent payments are made.| SoFi
If you’re considering automated credit card payments, learn how they work, how to set them up, and the pros & cons of credit card autopay.| SoFi
Increasing your credit limit can be as simple as contacting the credit card company. But first, you'll want to minimize the impact on your credit score. Learn how.| SoFi
Creating and sticking to a budget can be one of the greatest keys to unlocking a better, more productive and financially rewarding life.| SoFi
A credit card issuer is a financial institution that offers, provides, and manages credit cards used by consumers. Learn more here about how they work.| SoFi
The latest average credit card interest rate is over 20%. Learn more about how credit card APR works and interest rates in 2024 here.| SoFi
Credit card companies typically report monthly to credit bureaus. Learn more about this practice and how it impacts your credit score.| SoFi
