Author | Rocket Mortgage

120 Home Buying And Mortgage Facts For 2023

Home Buying - 14-minute read

Victoria Araj - April 03, 2024

We have compiled a list of the top need-to-know mortgage facts and home buying statistics to give buyers a better understanding of the 2023 real estate market.

Mortgage Protection Insurance Explained: Does Every Homeowner Need It?

Mortgage Basics - 8-minute read

Victoria Araj - March 30, 2024

Mortgage protection insurance is an insurance policy that helps the family of the policyholder make mortgage payments after they die. Read on to learn more.

HOA Fees: What Are They And What Do They Cover?

Home Buying - 4-minute read

Victoria Araj - March 29, 2024

Homeowners associations require members to pay fees to help cover the cost of maintaining common areas in the community. Learn more about how HOA fees are used.

HOA: What It Means And What To Know About Living Under One

Home Buying - 7-minute read

Victoria Araj - March 29, 2024

If you live under a homeowners association, it means you’ll follow rules set for your community to ensure a high standard of living. Learn how an HOA works.

A Guide To Freehold Estates: Different Types And How They Work

Home Buying - 5-minute read

Victoria Araj - March 29, 2024

A freehold estate is a type of property ownership that can be held indefinitely and passed on forever. Learn more about the types of freehold estates here.

What Is An FHA Jumbo Loan, And Should You Get One?

Loan Types - 3-minute read

Victoria Araj - March 28, 2024

An FHA jumbo loan can allow you to borrow a higher loan amount and make a lower down payment. Check out our guide to FHA jumbo loan limits and requirements.

Grantor Vs. Grantee: What’s The Difference?

Mortgage Basics - 5-minute read

Victoria Araj - March 28, 2024

The transfer of ownership from a grantor to a grantee is an important part of many real estate transactions. Learn more about grantors vs. grantees here.

What Are Lender Credits Used For When Buying A House?

Home Buying - 7-minute read

Victoria Araj - March 26, 2024

Lender credits let you roll your closing costs into your loan for a higher interest rate. Learn about lender credits and if they could be helpful to you.

Proprietary Reverse Mortgage: What You Need To Know

Mortgage Basics - 6-minute read

Victoria Araj - March 25, 2024

Proprietary reverse mortgages let homeowners take out a loan against their home equity through a private lender. Learn more about this mortgage tool.

What Is The Power Of Sale In A Mortgage Note, And How Does It Affect Foreclosure Proceedings?

Mortgage Basics - 4-minute read

Victoria Araj - March 25, 2024

The power of sale allows a lender to sell a home – without judicial review – if a borrower defaults on a mortgage. Learn more about how the power of sale works.

How Long Does An Appraisal Take? The Home Appraisal Timeline

Home Buying - 4-minute read

Victoria Araj - March 21, 2024

Home appraisals can take anywhere from a few days to a week depending on timing, scheduling and a home's complexity. Learn how long an appraisal takes and why.

10 Tips For How To Get The Best Mortgage Rate Available

Mortgage Basics - 10-minute read

Victoria Araj - March 20, 2024

With preparation, home buyers can get the lowest mortgage rate available, even as rates rise overall. Read our 10 tips for how to get the best mortgage rate.

10-Year Mortgage Rates: A Complete Guide

Mortgage Basics - 6-minute read

Victoria Araj - March 20, 2024

If you want to get out of mortgage debt faster, a 10-year mortgage term may be a good option to consider. Learn more about current 10-year mortgage rates here.

How To Claim The Property Tax Deduction: A Helpful Guide

Mortgage Basics - 5-minute read

Victoria Araj - March 18, 2024

If you’re a homeowner, you can claim the property tax deduction up to $10,000 ($5,000 for married filing separately). Read this complete guide before you file.

The Charms And Headaches Of Buying A Historic Home

Home Buying - 6-minute read

Victoria Araj - March 18, 2024

Buying a charming historic home can be tempting – but can come with complications. Read on to find out whether a historic home is right for you.

What To Know About Condo Associations: Your Guide To Rules, Fees And Insurance

Home Buying - 6-minute read

Victoria Araj - March 17, 2024

A condo association is a governing board composed of residents who live in the same housing development. Learn about condo association rules and fees.

What Does A Title Company Do?

Mortgage Basics - 6-minute read

Victoria Araj - March 17, 2024

A title company is a third party that works on behalf of both the lender and the buyer. Learn more about what title companies do in the home buying process.

Mortgage Rate Lock: A Guide To Protect You From Rate Fluctuations

Refinancing - 7-minute read

Victoria Araj - March 15, 2024

A mortgage rate lock prevents changes to your interest rate as you prepare to close. Read on to discover the steps you can take to lock in your mortgage.