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A large brick house in the countryside at dusk.

Mortgage Basics - 4-MINUTE READ

Sarah Sharkey - Apr 25, 2024

What Is A Mortgage Rate?

When you get a mortgage, you pay your lender interest based on your mortgage rate. Learn what a mortgage rate is, what determines it and how to get a good one.    

A banker discussing a loan with a couple.

Mortgage Basics - 4-MINUTE READ

Sam Hawrylack - Apr 25, 2024

What Is A Mortgage Banker? Services, Responsibilities And More

A mortgage banker is an individual or entity that originates, services and sells mortgages. Read on to learn more about their responsibilities to borrowers.

Family Moving Into New House

Mortgage Basics - 9-MINUTE READ

Ashley Kilroy - Apr 25, 2024

What Does It Mean To Lease A House?

Not ready to buy your next home, yet tired of renting? You have other options available. Read further to understand the key components of leasing a house.

A young woman inquiring about or getting a mortgage.

Mortgage Basics - 4-MINUTE READ

Victoria Araj - Apr 21, 2024

Understanding The Mortgage Loan Process

The mortgage loan process consists of eight important steps. Learn each step of the mortgage process from start to finish for a smooth path to homeownership.

A couple with two kids giving piggyback rides in front of their house, symbolizing family happiness and homeownership.

Mortgage Basics - 4-MINUTE READ

Victoria Araj - Apr 21, 2024

Should I Lock In My Mortgage Rate Today?

Are you unsure whether you should lock in your mortgage rate today, or wait? Learn about the mortgage rate lock and why you might consider locking your rate.

A man and a women looking at the laptop and smiling.

Mortgage Basics - 7-MINUTE READ

Sidney Richardson - Apr 20, 2024

Pay Off Mortgage Or Invest: How To Make The Right Choice

Deciding whether to pay off a mortgage or invest can be tricky. Get familiar with the potential financial risks and rewards before making this decision.
Woman using a phone and a MacBook, potentially managing finances or conducting research online.

Mortgage Basics - 6-MINUTE READ

Victoria Araj - Apr 20, 2024

Principal And Interest: Mortgage Payment Basics

The principal is the amount of funding borrowed for your loan, while interest is the money paid for use of the loan. Learn how these components interact.
Two-story beige house with large paved driveway, manicured shrubs and red front door.

Mortgage Basics - 7-MINUTE READ

Miranda Crace - Apr 19, 2024

Mortgage Default: Everything You Need To Know

Mortgage default can occur if you stop making payments, and it can lead to foreclosure. See how to avoid delinquency and what to do with a mortgage in default.

Mortgage calculator, pencils and phone on wooden table.

Mortgage Basics - 6-MINUTE READ

Jamie Johnson - Apr 19, 2024

How To Use A Mortgage Calculator

Learn how to use our mortgage calculator to determine your monthly mortgage payments, including PMI, taxes, insurance, down payment, interest rate and more.

A man and women doing financing or taxes.

Mortgage Basics - 6-MINUTE READ

Lauren Nowacki - Apr 19, 2024

What Is A Mortgage Commitment Letter And How Can I Get One?

Getting a mortgage commitment letter is an important first step in the home buying process. Read on to find out how you can get a loan commitment letter.

A young Asian woman working on a computer, potentially in an office or work setting.

Mortgage Basics - 6-MINUTE READ

Kevin Graham - Apr 18, 2024

Types Of eClosing And How They Work

Looking for digital options to close on your new house? Learn about the different types of eClosings available to you and Rocket Mortgage®

A row of townhomes, illustrating residential complexes or real estate developments.

Mortgage Basics - 5-MINUTE READ

Katie Ziraldo - Apr 18, 2024

How Much Of Your Income Should Go To Your Mortgage?

Are you preparing to buy a house but are unsure how much income should go to your loan payment? Learn what percentage of income is needed for mortgage approval.

The exterior of a white house during the day, showcasing a residential property.

Mortgage Basics - 8-MINUTE READ

Hanna Kielar - Apr 18, 2024

How Much Can A 1% Difference In Your Mortgage Rate Save Or Cost You?

How much does 1% save on a 30-year mortgage? It may seem like nothing, but it adds up. Learn how your interest rate impacts the total cost of your mortgage. 

Two men in suits discussing contracts with folded hands.

Mortgage Basics - 6-MINUTE READ

Victoria Araj - Apr 18, 2024

Mortgage Fraud: What You Need To Know

Mortgage fraud occurs when someone lies or omits information to get loan approval or favorable loan conditions. Learn about different types of mortgage fraud.

A couple meeting with a tax advisor, potentially discussing financial or real estate planning with a professional.

Mortgage Basics - 5-MINUTE READ

Carla Ayers - Apr 18, 2024

What Happens If The Appraisal Is Lower Than The Offer?

What happens if your home appraisal comes in lower than your offer? Learn about your options if your home appraisal value is less than the purchase price.
A woman looking at a deed, potentially involved in property ownership or real estate matters.

Mortgage Basics - 5-MINUTE READ

Victoria Araj - Apr 15, 2024

Deed Vs. Title: Know The Difference

It’s a misconception that a house’s title and deed are the same, but they aren’t. Learn the differences to be prepared for your home sale or purchase.

Image related to mortgage processors, potentially depicting their role in the mortgage application process.

Mortgage Basics - 4-MINUTE READ

Victoria Araj - Apr 15, 2024

What Is A Mortgage Processor, And What Do They Do?

A mortgage processor guides borrowers through the loan application process by collecting documents and information. Learn how they help secure mortgage loans.

A young Asian couple smiles as they unpack cardboard boxes in a warmly lit living room, creating a cozy scene of settling into their new home.

Mortgage Basics - 5-MINUTE READ

Jamie Johnson - Apr 12, 2024

Interest Rate Vs. Home Price: Which Matters More?

If you’re a prospective home buyer, looking at interest rates vs. home price can help you decide your budget. Get familiar with what these metrics can impact.

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