Just want to share my preapproval app for SOFI today. I was just curious. I was preapproved for up to $ 50,000. Here’s the rate of the $ 50K I chose:
Fixed rate: Monthly Payment: Interest rate:
3 yr $ 1,558.18 7.625%
5 yr $ 1,016.81 8.125%
7 yr $ 794.97 8.625%
Variable rate: Monthly Payment Interest rtae:
3 yr $ 1,530.74 6.425%
5 yr $ 973.63 6.300%
7 yr $ 749.75 6.800%
What do you guys think? With the rate they gave me I think they are pretty good, it’s even better than my Penfed PL at 9.99%. …Now, I am thinking of getting it and payoff my debts (car refi, new PL from Penfed and some CC debt).
If I go for a full application and let’s say I get approved (hopefully), will it be a BIG concern for banks/lenders since I recently got approvals of new CCs from Amex (PRG/BCP), Citi, BoA, Penfed, DCU, and Barclay about a month ago? I’m Concerned for AA from these CC banks if I get this loan … I am planning of paying off my car loan, PL from Penfed, and some CC balances. What do you guys think? Should I try and go for a full app? Thank you.