US non-bank lender SoFi is onto it for Millennials:
Who says you can’t have avocado toast if you want to buy a home? Oh, right—an Australian real estate developer who made the comment heard ’round the world about how it’s preventing millennials from becoming homeowners.
Obviously, buying a home doesn’t mean you have to chuck avocado toast out of the picture. In fact, buying a home now comes with avocado toast.
What we mean by that is, for the month of July 2017 only, anyone who takes out a SoFi mortgage to purchase a home will receive a month’s worth of avocado toast delivered to their door. Buy a home using a SoFi mortgage, and you’ll receive an email asking whether you want regular or gluten-free bread. Avocados and bread will then arrive in a series of three shipments—though you’ll still need to toast the bread yourself to get the full experience.
Why avocado toast? Because with a SoFi mortgage, you don’t have to skip out on the avocado toast while saving up for a down payment. SoFi mortgages make it possible to buy a home with just 10% down and no borrower-paid private mortgage insurance required, which could get you into your dream home sooner. It could also make it possible to do that while brunching.
Plus, the SoFi pre-approval process is mostly online and exceptionally fast (paperwork is kept at a minimum). And with flexible debt-to-income limits, SoFi mortgages make it possible to qualify for more financing than you might with a traditional lender. For millennials with student debt, this could be your ticket to a home, rather than opting out of an occasional morning treat.
So, want to buy a home and have your avocado toast, too? Apply for a SoFi mortgage, and once it goes through we’ll email you with details about sending you fancy breakfast to pair with coffee on your new kitchen countertop. (Instagram filter optional.)
Just a small correction. It was not Tim Gurner that started it. It was Salt of the Ponzi.
Strayan made.
