Author | Rocket Mortgage

FHA Streamline Refinance: Pros, Cons And Rates

Loan Types - 6-minute read

Victoria Araj - April 22, 2023

An FHA Streamline Refinance can quickly decrease your monthly mortgage payments on an FHA loan. Learn more about the benefits, requirements and current rates.

What To Bring To Closing: A Buyer's Checklist

Home Buying - 4-minute read

Victoria Araj - April 21, 2023

The items you should bring to closing day on your house include a cashier’s check and the Closing Disclosure form. Learn more about what to bring to closing.

What Is Flood Insurance And Do I Need It?

Mortgage Basics - 7-minute read

Victoria Araj - April 20, 2023

Flood insurance is an insurance policy that provides comprehensive coverage for losses caused by flooding. Find out if you need flood insurance.

Silent Second Mortgage: What You Need To Know

Mortgage Basics - 4-minute read

Victoria Araj - April 19, 2023

Using a “silent” second mortgage to cover your down payment is illegal. Learn what assistance programs you can use instead with our complete financing guide.

Mortgage Processor Defined, Plus How To Become One

Mortgage Basics - 5-minute read

Victoria Araj - April 18, 2023

Mortgage processors administer borrowers’ loan applications before they get approved. Learn how processors help secure loans, plus what it takes to work as one.

How To Rent Out A House: A Guide

7-minute read

Victoria Araj - April 13, 2023

Wondering how to rent out your house? We’ve compiled the necessary steps to follow in order to make extra income and put your house on the rental market.

What Credit Score Do You Need To Buy A House?

Home Buying - 5-minute read

Victoria Araj - April 13, 2023

Credit plays a big role in getting a home loan. Learn what credit score you’ll need to buy a house, and which loans are best for certain credit ranges.

What Are Lender Credits Used For When Buying A House?

Home Buying - 6-minute read

Victoria Araj - April 13, 2023

Lender credits let you roll your closing costs into your loan for a higher interest rate. Learn about lender credits and if they could be helpful to you.

Proof Of Funds: What Is A POF Letter In Real Estate?

Home Buying - 5-minute read

Victoria Araj - April 10, 2023

Trying to understand what proof of funds is and why you need it? Learn everything you need to know about POF letters to make getting a mortgage fast and easy.

What Is A Second Mortgage And How Does It Work?

Refinancing - 9-minute read

Victoria Araj - April 10, 2023

Thinking about a second mortgage? Learn more about what it is, how it works and the financing alternatives you can use instead with our complete guide.

Second Mortgage Vs. Refinance: What’s The Difference?

Refinancing - 7-minute read

Victoria Araj - April 10, 2023

Not sure whether to take out a second mortgage vs. refinance? Read our article to learn about the differences, which might be better and how to get started.

A Guide To The Tax Implications Of A Cash-Out Refinance

Refinancing - 7-minute read

Victoria Araj - April 10, 2023

Wondering how a cash-out refinance will affect your taxes? Read our guide to learn about cash-out refinance tax implications and possible complications.

Build-To-Rent Homes: A Renter’s And Investor’s Guide To A Hot Real Estate Trend

Home Buying - 5-minute read

Victoria Araj - April 06, 2023

Looking at build-to-rent homes as an investor or renter? From basic definitions to little known downsides, we’ve got you covered.

USDA Loans: What They Are And Their Eligibility Requirements

Loan Types - 6-minute read

Victoria Araj - April 04, 2023

USDA loans are affordable mortgage options for eligible home buyers in rural areas. Learn about how USDA loans work and their eligibility requirements here.

What Does “Time Is Of The Essence” Mean In Real Estate Contracts?

7-minute read

Victoria Araj - April 04, 2023

A “time is of the essence” clause makes completion dates a material term of a contract, causing a breach if performance is late. Learn what this term means.

Understanding Seller’s Disclosures

Home Buying - 7-minute read

Victoria Araj - April 04, 2023

A seller’s disclosure is a document that requires sellers to reveal details about the property’s condition and its defects. Learn what’s included in this form.

Can You Refinance Before Selling Your Home, And When Does It Make Sense To Do So?

Refinancing - 8-minute read

Victoria Araj - April 03, 2023

Is refinancing before selling your home an option for you? Learn how to take cash out or lower your mortgage payment before you put your home on the market.

What Are REALTOR® Fees And Who Pays Them?

Home Buying - 5-minute read

Victoria Araj - April 03, 2023

REALTOR^® fees compensate agents for the assistance they offer throughout the selling or buying process. Read on to learn who has to pay these fees and why.