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Documents spread across a table alongside a coffee mug, portraying an organized or busy setting related to home paperwork or financial documentation.

4-minute read

What is fair market value (FMV) in real estate and how is it calculated?

Fair market value (FMV) in real estate is an assessment of a property's worth in an open market. Learn how FMV is calculated and what it's used for.

3-minute read

Federal Reserve press release in plain English - June 2023

While the Federal Reserve probably isn’t done with rate hikes, they chose to waive the target range for the federal funds rate where it is this time ar...

An image displaying a grey, single-story ranch-style model house with a well-maintained lawn and driveway.

3-minute read

What Is An FHA amendatory clause?

Are you financing your new home with an FHA loan? The FHA amendatory clause is one step to the process. Learn how the clause impacts you as a home buyer.

Federal Reserve concept, potentially related to economic discussions or mortgage rates.

4-minute read

Federal Reserve press release in plain English - March 2023

It’s been a wild month in the financial sector. Find out how the Federal Reserve reacted in their latest meeting on interest rates.

5-minute read

Federal Reserve press release in plain English - July 2022

The Federal Reserve raised interest rates, but there are other important details. Read on for a plain English translation of the latest.

A Federal-style brick building, potentially representing historic architecture.

5-minute read

What is a federal style house, and should I buy one?

A Federal-style house emulates ancient Roman architectural forms and was popularized by Thomas Jefferson. Learn more about the Federal architectural style.

3-minute read

Federal Reserve press release in plain English - February 2023

The Federal Reserve raised the target for the federal funds rate by 0.25%. Get the details on this and where members see interest rates headed in the future....

The Federal Reserve building, representing a financial institution.

4-minute read

Federal Reserve press release in plain English - June 2022

The Federal Reserve made a big bump in the federal funds rate to try to bring inflation under control. Read on for more details!

A fashionable women sitting on a stool looking outside, possible posing for a photo.

4-minute read

Fee simple: What is it in real estate and how does it work?

Fee simple refers to a landowner’s absolute ownership of real property. Read our article to learn about how fee simple determines real estate or land o...

9-minute read

Home equity loan vs. personal loan: What's the best option?

A personal loan is an unsecured loan, while a home equity loan is backed by your home equity. See the main differences between these two loan types.

An image capturing a father and his child huddled closely together, both focused intently on a piece of paper laid out before them. The father, pencil in hand, is writing on the paper, while the child watches with interest.

4-minute read

What is the power of sale in a mortgage note, and how does it affect foreclosure proceedings?

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...

A couple having a discussion, potentially about new home prospects.

4-minute read

What is an escalation clause and when is the time to use one?

An escalation clause states a buyer is willing to raise their offer if a seller receives a higher offer. Read our guide on escalation clauses.

3-minute read

Federal Reserve press release in plain English - March 2024

The Federal Reserve didn’t say a whole lot new in March, but it did release projections. Here are the details for us obsessive market watchers.

A Planned Unit Development (PUD) condo, depicting a specific type of residential property.

3-minute read

PUD (Planned Unit Development): What it is and how it differs from other types of housing

A PUD, or planned unit development, is a small community of single-family homes. Read on to learn about living in a PUD and how it differs from other housing...

A real estate agent showing women a property possibly for the purpose of sale or rent.

4-minute read

How long does an appraisal take? The home appraisal timeline

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 wh...

A couple pointing at a laptop, suggesting discussions or decisions related to real estate or finances.

6-minute read

How to shop for a mortgage: 5 steps

Planning to buy a house? One of the first steps in the process is securing a home loan. Learn how to shop for a mortgage and find the best rate here.

Front porch of a home with white wicker chairs and a blue front door.

4-minute read

Top home features buyers want in 2024

Rocket Mortgage’s 2024 home feature preferences study unveils buyer preferences for interior, exterior, technology and community features of a home.

Small vivid red brick house with white door/window trim and lush green lawn.

7-minute read

CARES Act mortgage forbearance: FAQs and updates

The CARES Act provides mortgage forbearance and other relief to those suffering from the effects of the COVID-19 pandemic. Read on for updates on the CARES A...

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