Sofi loans are generally hassle free. As long as they are able to verify the documents loaded, you should be alright. Out of curiosity, how much is the monthly payment on a loan this large?
|Total Credit: $240,100||Credit Utilization: 1%||AAoA: 5 years, 7 months||Installments: Car Lease, Marcus Loan||Negatives: 0|
Care to share any info on your scores, debt-to-income, etc? I haven't been able to pre-qualify for Sofi.
The final funding is longer than other lenders. Some recent SoFi borrowers have had to wait up to 30 days before they actually got the funds in their account.
My advice would be patient and call them oncea week asking if they require any additional information and for an updated status.
Congrats on the loan.
Sure. Scores aren't great because of credit usage, and alot of new credit brought my avarage to just over 2years; between 688-706 across all 3. My annual is good though $220K. My DTI is roughly 24%.
Loan still reflecting as pending review of signature documents. I hate waiting, but if it goes through it'll be worth it.
Ok, one phone call later, status was updated to loan will fund within 30 days. Then about 20minutes later it says conratulations your loan has funded and that it was transfering to servicer. IDK, from what I read on here it may mean the funds will be in the account tomorrow. Wish me luck.
Funds hit my account and this morning I paid everything off! Man it feels good. The monthly payments have been reduced by $600/month and I know that in 5years it'll be paid in full. I highly recommend Sofi if anyone is considering. Their rates were the best offered accross the personal lending sites and a really smooth process, so smooth I was freaking myself out thinking something must be wrong. Whole thing took 8 days inclusive of the 4th holiday and the weekends.