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Dan Rafter

Dan Rafter has been writing about personal finance for more than 15 years. He's written for publications ranging from the Chicago Tribune and Washington Post to Wise Bread, RocketMortgage.com and RocketHQ.com.

A senior couple relaxing on couches in a living room, indicating a comfortable and relaxed retirement setting.

7-minute read

Key pros and cons of Home equity Lines Of Credit (HELOCs) to consider

Considering taking out a home equity line of credit (HELOC)? Learn more about the pros and cons of a HELOC along with other alternative financing options.

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4-minute read

Secured Overnight Financing Rate (SOFR), defined and explained

The Secured Overnight Financing Rate (SOFR) guides lenders on how much to charge borrowers. Learn how SOFR’s replacement of LIBOR affects mortgages.

A mother and father holding their smiling baby outside of their home.

7-minute read

Rent-to-own homes: How it works and what to consider

Rent-to-own homes let you put part of your monthly rent toward a down payment on the property. Explore what a rent-to-own home is and how it works.

A kitchen with updated appliances, showcasing modern amenities in a household setting.

7-minute read

A guide to home equity loan closing costs

Home equity loan closing costs typically range from 3% – 6% of your loan amount. Explore the closing costs you can expect now.

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6-minute read

A quick intro to the floating interest rate

A floating interest rate fluctuates over your loan’s term, changing your mortgage payment amount. Read on to learn about floating rates and how they work.

A man with a credit card, potentially symbolizing financial transactions or purchases related to homeownership.

4-minute read

Does mortgage preapproval affect your credit score?

Worried that getting preapproved for a mortgage will hurt your credit score? Learn how preapproval impacts your credit, including by how much and for how long.