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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.

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.

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. 

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 black woman real estate agent speaking with a gay couple.

Mortgage Basics - 6-MINUTE READ

Carla Ayers - Apr 18, 2024

What Should You Do If The Home Appraisal Value Is Lower Than The Offer Price?

What happens if your home appraisal came in lower than your offer? Learn what your options are if your home appraisal value is less than the purchase price.

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.

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.

A couple looking at an iPad in a kitchen.

Mortgage Basics - 5-MINUTE READ

Victoria Araj - Apr 12, 2024

How To Lower Your Mortgage Payment

Lowering your mortgage payments can offer you financial flexibility for other things. Learn all the ways you can lower your monthly mortgage payment.
Asian couple saving for vacation, possibly discussing financial plans or budgeting.

Mortgage Basics - 9-MINUTE READ

Dan Rafter - Apr 12, 2024

What Does Inflation Do To Mortgage Rates? A Guide For Uncertain Times

When inflation increases, interest rates on new mortgages and ARMs increase too. Learn more about the relationship between inflation and mortgage rates.

A man and woman possibly discussing switching lenders or financial arrangements related to a property.

Mortgage Basics - 6-MINUTE READ

Ashley Kilroy - Apr 12, 2024

How (And When) To Change Your Mortgage Lender

Has your mortgage been sold, or are you seeking a better offer than what your initial lender provided? Learn about how and when you can change lenders.
An African American woman with glasses using a computer, possibly working in the real estate or mortgage industry.

Mortgage Basics - 6-MINUTE READ

Victoria Araj - Apr 12, 2024

How To Increase Your Mortgage Preapproval Amount

Trying to get approved to buy a house but need a higher loan amount? Explore our guide to learn what might help increase your mortgage preapproval amount.

Just married couple first house, possibly depicting a newlywed couple celebrating their first home looking outside the window.

Mortgage Basics - 8-MINUTE READ

Miranda Crace - Apr 12, 2024

How To Get Rid Of PMI

PMI can raise your mortgage payment, but you may not need it once you own 20% equity in your home. Learn how to get rid of PMI and lower your monthly payment.

A couple having coffee and smiling.

Mortgage Basics - 11-MINUTE READ

Victoria Araj - Apr 10, 2024

How To Buy A House With No Money Down

If you’re struggling to come up with a down payment, you may still be able to qualify for a home loan. See your options for buying a house with no money down.

A grey house with curb appeal, representing a house with aesthetic appeal from the curb.

Mortgage Basics - 6-MINUTE READ

Kevin Graham - Apr 10, 2024

Can You Get A Mortgage As A Nonpermanent Resident?

Are you a non-citizen U.S. immigrant looking to buy a home? Here’s what you need to know about the process of getting a mortgage as a nonpermanent resident.

Man writing finances in a notebook, indicating budgeting or financial planning.

Mortgage Basics - 10-MINUTE READ

Kevin Graham - Apr 4, 2024

How To Calculate Your Monthly Mortgage Payment: A Guide

Are you wondering how much your estimated monthly payment would be on a mortgage? Check out our guide and learn how to calculate your mortgage payment.

A brick home in Texas, depicting a traditional residential property in a specific location.

Mortgage Basics - 11-MINUTE READ

Kevin Graham - Apr 4, 2024

How Rising Fed Interest Rates Can Affect Home Buyers And Sellers

The Fed rate hikes have raised mortgage interest rates in 2022. See how higher Fed interest rates affect home buyers and sellers and what borrowers can do next.

Woman sitting at kitchen table working on laptop.

Mortgage Basics - 6-MINUTE READ

Kevin Graham - Apr 4, 2024

How To Calculate Per Diem Interest

Borrowers can calculate per diem interest using a simple formula. Learn more about what per diem interest is and how it can be calculated on a mortgage loan.

A family playing together in the lounge at home, showing family bonding and leisure time.

Mortgage Basics - 4-MINUTE READ

Kara Porter - Apr 3, 2024

Home Mortgage Disclosure Act: Defined And Explained

The Home Mortgage Disclosure Act (HMDA) mandates public reporting around mortgage lending activities. Learn more about the HMDA and how it works.