🫡 A salute to veterans

Active-duty service members, veterans, or reservists could be eligible for a more affordable financing option.

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This email is coming from an unmonitored email account. Please do not respond to this message.   Saturday • NOV 11, 2023     TOP STORY     The week in review     Stocks weakened following remarks by Federal Reserve Chairman Jerome Powell, who said the door for additional interest rate increases remained open, if inflation stayed elevated and economic growth strong. The average fixed‑rate 30‑year mortgage fell more than 20 basis points to 7.61% in the week ended November 3rd, marking the lowest reading in over a month, and the biggest decline since July of last year. Oil prices fell more than 4% to their lowest level since August, after a larger-than-expected drop in Chinese exports signaled a softening of global energy demand. For more economic news, visit On the Money—SoFi’s one‑stop‑shop for news, trends, and tips!           A salute to veterans     With home prices as high as they are, saving up for a down payment can seem like an insurmountable task. If you are an active-duty service member, veteran, or reservist, you could be eligible for a more affordable financing option: a VA loan. These loans are backed by the Department of Veterans Affairs, and often have lower interest rates and closing costs. Importantly, they also have no down payment, or private mortgage insurance requirements. What to know Prospective borrowers need to request a Certificate of Eligibility through the VA to demonstrate they qualify for one of these government‑backed loans. They can only be used on a property that will serve as your primary residence, including a single‑family home with up to four units, a condo in a VA‑approved project, or a manufactured home. While a VA loan offers competitive terms, you should still assess your financial health before making a purchase, and learn more about what kind of a home you can comfortably afford.               This week’s top stories           Inflation nation: Where is the cost of living low?     Prices are high but the cost of living varies from city to city. With some predictable places ranking high, you may be surprised to see the destination at the top. Read More >>     Clean energy stocks are generating plenty of investment—so why not returns?     While the overall market has rallied, major clean energy indexes are down approximately 30%. There are 3 main reasons why this sector is lagging behind. Read More >>     Can the global economy handle “higher for longer” interest rates?     As the era of low interest rates fades, the global economy must brace for the lasting impact of costlier capital, and what that means for people, companies and governments. Read More >>           Deep Dives from SoFi Learn           The cost of daylight savings time     Most states turned their clocks back by an hour last weekend. But daylight savings come at a cost. Read More >>     27 tips for frugal travelers     Whether you’re dreaming of a tropical vacay, a trip to a European city, or just getting home to see your family for the holidays, here are some strategies to try. Read More >>     What determines a stock’s price, anyway? Here’s a look at 7 factors.     Beyond the basic principles of supply and demand, there are other factors that contribute to changes in stock prices. Read More >>             Our financial planners can advise you based on your unique needs—at no cost.     Make an appointment       Get the SoFi mobile app     Scan the QR code to download the SoFi mobile app Download the sofi app today     This email was sent to you at paidmellc@gmail.com by SoFi Wealth LLC. (SoFi) because you're enrolled in the SoFi Daily. 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No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content. Communication of SoFi Wealth LLC an SEC Registered Investment Adviser SoFi isn't recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners. Terms and conditions apply. Before you apply for a SoFi Mortgage, please note that not all products are offered in all states, and all loans are subject to eligibility restrictions and limitations, including requirements related to loan applicant's credit, income, property, and loan amount. Minimum loan amount is $75,000. Lowest rates are reserved for the most creditworthy borrowers. Products, rates, benefits, terms, and conditions are subject to change without notice. Learn more at SoFi.com/eligibility-criteria. Information current as of 11/‍10/‍23. SoFi Mortgages originated through SoFi Bank, N.A., NMLS #696891 (Member FDIC), (www.nmlsconsumeraccess.org). Equal Housing Lender. SoFi Bank, N.A. is currently NOT able to accept applications for refinance loans in NY. ¹FHA loans are subject to unique terms and conditions established by FHA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. FHA loans require an Upfront Mortgage Insurance Premium (UFMIP), which may be financed or paid at closing, in addition to monthly Mortgage Insurance Premiums (MIP). Maximum loan amounts vary by county. The minimum FHA mortgage down payment is 3.5% for those who qualify financially for a primary purchase. SoFi is not affiliated with any government agency. ²For a limited time SoFi will not charge an origination fee for customers eligible for a SoFi VA Home Loan. To be eligible, customers must be approved by SoFi for a VA mortgage loan for the purchase or refinance of a home. 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