Author | Rocket Mortgage

Escrow: What Is It And How Does It Work?

Mortgage Basics - 8-Minute Read

Andrew Dehan - June 15, 2022

Escrow is important to estate transactions, but what is it? Read on for a deep dive into escrow, how it works and why it matters when buying or selling a home.

When Is Your First Mortgage Payment Due?

Mortgage Basics - 4-minute read

Andrew Dehan - June 15, 2022

Your first mortgage payment is due one full month after your closing date. In this article we’ll take a closer look at what you need to know about this process.

Real Estate Purchase And Sale Agreement: Everything You Need To Know

Home Buying - 5-minute read

Andrew Dehan - June 14, 2022

A purchase and sale agreement (PSA) helps ensure a buyer and a seller are both on the same page before closing. See what information a PSA might contain.

Closing Disclosure: What It Is And How To Read The Form

Mortgage Basics - 10-minute read

Andrew Dehan - June 13, 2022

Your Closing Disclosure is an important mortgage document, but it can be difficult to interpret. We broke down the essential components in this complete guide.

What Title Fees Will You Pay At Your Closing?

Home Buying - 4-minute read

Andrew Dehan - June 09, 2022

Most home buyers and sellers should anticipate title fees as a part of closing costs. Estimate the title-related expenses you’ll have to pay with our help.

Property Title Search: What It Is And How It Works

Home Buying - 4-minute read

Andrew Dehan - June 09, 2022

Before you close on a house, there are steps that need to be taken to ensure the transaction goes smoothly. One of these steps is conducting a title search.

Deed Of Reconveyance Explained

Mortgage Basics - 2-minute read

Andrew Dehan - June 09, 2022

When you pay off your mortgage in full, you should receive something called a deed of reconveyance. Here’s what you need to know about this important document.

VA Loan Closing Costs: How Much Are They And Who Pays Them?

Loan Types - 4-minute read

Andrew Dehan - June 08, 2022

Closing costs for a VA loan are slightly different from the traditional set of closing costs on a conventional mortgage. Learn more about how they differ here.

Home Renovation Costs in 2022 + Estimation Template

Home Buying - 10-minute read

Andrew Dehan - June 07, 2022

The average American spends $15,000 per project. However, home renovation costs vary by project type and scale of the project (high-, mid- or low-tier).

How To Buy A Cottage Or Cabin In 2022: A Step-By-Step Guide

Home Buying - 10-minute read

Andrew Dehan - June 03, 2022

Ready to get cozy in a little house all your own? Buying a cottage is a unique experience. Here's what you need to know if you want to purchase a cabin in 2022.

Condos: Everything You Need To Know

Home Buying - 9-minute read

Andrew Dehan - June 03, 2022

A condo, also known as a condominium, is a housing or residential complex where individuals own their unit. Learn more about the different types of condos.

How To Get Your House Ready To Sell

Home Buying - 9-minute read

Andrew Dehan - June 03, 2022

Getting ready to put your home on the market? There are a few steps you can take to bring in the best offers.

What Is PITI? Its Meaning And What It Stands For

Mortgage Basics - 6-minute read

Andrew Dehan - June 02, 2022

PITI can tell you how much home you can afford when getting a mortgage. Learn what the acronym stands for and how you can calculate PITI payments yourself.

What Are Carrying Costs In Real Estate?

Home Buying - 4-minute read

Andrew Dehan - June 02, 2022

Carrying costs in real estate are an important set of expenses to be aware of. Learn more about carrying costs and when you might have to pay them here.

What Is A Contingent Offer?

Home Buying - 9-minute read

Andrew Dehan - June 02, 2022

You’ve found your perfect home, and are ready to make an offer. Learn what a contingent offer is and how making one could protect you from common risks.

What You Need To Know Before Buying A House With Foundation Issues

Home Buying - 8-minute read

Andrew Dehan - June 01, 2022

It’s every prospective home buyer’s nightmare – the home inspection report reveals an issue with the foundation. Find out how to deal with this serious problem.

Buying A House With A Septic Tank: Pros And Cons

Home Buying - 5-minute read

Andrew Dehan - June 01, 2022

A septic system gathers the waste that leaves your home and holds it in a tank buried under your yard. Here's what to know before buying a house that has one.

Home Appraisal Tips For Buyers, Sellers And Refinancers

Home Buying - 7-minute read

Andrew Dehan - May 31, 2022

Getting a home appraised can be stressful, but it doesn’t have to be! Learn how to prepare for the process with our list of helpful home appraisal tips.