Mortgage basics

Featured resources

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5-minute read

Understanding the right of redemption in real estate

A right of redemption helps homeowners recover their homes if they are at risk of foreclosure. Understand your legal protections as a borrower with our help.

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4-minute read

Impound accounts explained: Why your lender holds funds

Some mortgage servicers arrange impound accounts to collect fees from home buyers. But how do they work, and do they benefit you? Keep reading to find out.

A couple reviewing escrow documents, possibly related to a real estate transaction or property purchase.

5-minute read

What is an escrow holdback, and how can it help you close on time?

You’re close to closing when an appraisal reveals a problem and your lender demands a repair. Find out how an escrow holdback can keep closing day on track.

An illustration of a mortgage discussion and signing between a couple and an agent.

3-minute read

Who is a mortgagee, and what does it mean when buying a house?

If you’re considering buying a home, you’ve probably seen the term “mortgagee.” Learn who a mortgagee is, and what role they play in the home buying process.

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8-minute read

Breaking a fixed-rate mortgage: Can and should you do it?

There are a number of reasons why a borrower might want to break the loan agreement for their fixed-rate mortgage. Learn about whether this is possible here.

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4-minute read

Understanding the mortgage payment cycle and your statement

You’ve closed on your mortgage. Congratulations! Now learn about the timing of your payments and what’s included in your statement.

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4-minute read

Take your mortgage management mobile with our Rocket Mortgage® app

Our Rocket Mortgage^® mobile app is the best way to manage your existing mortgage and handle the application process on the go. Check out the features!

A woman working on a computer at home, potentially related to online mortgage or real estate activities.

8-minute read

How often does an underwriter deny a loan?

Was your mortgage application denied during the underwriting process? Read our article about the steps you can take to improve your chances when applying again.

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4-minute read

What Is A YOURgage® and how does it work?

A YOURgage® loan is a custom mortgage that can allow home buyers greater flexibility with their mortgages. Read more about YOURgages and their requirements.

A handshake, symbolizing a mortgagor agreement or agreement between parties in a mortgage transaction.

4-minute read

Mortgagor: A definition

A mortgagor is an individual or organization that borrows money to purchase real estate. Learn about mortgagors versus mortgagees and their relationship.

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3-minute read

How to remove a name from a mortgage

Financial and living situations often change over time. Here are some steps and considerations to keep in mind when trying to remove a name from a mortgage.

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4-minute read

What is a subordinate mortgage?

A subordinate mortgage can be a complex topic with implications for borrowers. Uncover important realities you need to know about mortgage subordination.

A Black woman with her daughters on a couch, looking at a computer, potentially in a home setting.

3-minute read

What is a dry closing and what states have dry funding?

A dry closing occurs when everything but payment is completed at closing. Find out what a dry closing is and which states allow dry closings.

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4-minute read

Blanket mortgages: Everything you need to know

Blanket mortgages finance multiple properties under one loan. Uncover the pros and cons of blanket loans to see if this type of financing is right for you.

A family sitting comfortably on a couch, possibly in a home setting.

4-minute read

A guide to understanding bundle of rights in real estate

A bundle of rights describes the legal rights associated with property ownership: the right of possession, control, enjoyment, disposition and exclusion.

A middle-aged couple at a kitchen island using a computer and calculator, potentially managing finances or planning for a home purchase.

5-minute read

Can you deduct mortgage interest on a second home?

In certain cases, you can use second mortgage interest deductions to reduce the amount you owe when you file taxes. Read our guide to learn if you qualify.

A blonde woman writing notes while on the phone, potentially related to real estate or work-related tasks.

4-minute read

Mortgagee clause: Definition and how it works

A mortgagee clause protects a lender if a mortgaged property is damaged. Learn the components of a mortgagee clause and how their protections work.

6-minute read

How mortgage insurance works

You might be required to pay mortgage insurance, and this episode of The Red Desk explains how it’s calculated, how much you might pay, and how long you’re required to have it.

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