Author | Rocket Mortgage

How Much Should You Spend On A House? A Look At Income, Expenses And Mortgage Payments

Home Buying - 8-minute read

Victoria Araj - August 04, 2023

Wondering how much you should spend on a house as you begin the home buying process? Learn what your budget should be based on your income and expenses.

What To Look For When Buying A House: A Guide For Home Buyers

8-minute read

Victoria Araj - August 02, 2023

If you’re about to begin the home buying process, there are some things you should keep in mind. Read on to learn about what to look for when buying a house.

Rent-To-Own Condos: What They Are And How They Work

5-minute read

Victoria Araj - August 02, 2023

Rent-to-own programs can help you achieve your homeownership goals over time. Learn about condo rent-to-own programs, how they work, and their pros and cons.

What's The Best Loan For Buying A House?

Home Buying - 7-minute read

Victoria Araj - August 02, 2023

If you’re starting to think about buying a home, you may be overwhelmed by the number of loans to buy a house. Learn how to choose which is right for you.

Home Equity Line Of Credit (HELOC) Defined And Explained

Mortgage Basics - 11-minute read

Victoria Araj - July 30, 2023

A home equity line of credit (HELOC) can help you leverage the equity in your home. Learn how they work, the requirements and calculate your estimated HELOC.

How To Budget For A House: A Guide For Home Buyers

6-minute read

Victoria Araj - July 26, 2023

One important step in the home buying process is setting the appropriate budget. From down payments to mortgage payments, learn how to budget for a house.

FHA Home Loan Closing Costs: How Much Should I Expect To Pay?

8-minute read

Victoria Araj - July 26, 2023

FHA closing costs range from 3% to 6% of a home’s price and require a 1.75% payment for the upfront mortgage insurance premium. Learn about FHA closing costs.

Down Payment: What Is It And How Does It Work?

Home Buying - 5-minute read

Victoria Araj - July 26, 2023

A down payment is a percentage of the purchase price that you pay out of pocket. Learn how down payments work and how much you should put down on a house.

How Much Money Do You Need To Buy A House? A Cost Breakdown

Home Buying - 8-minute read

Victoria Araj - July 26, 2023

Are you ready to buy a home? Explore different home-buying costs, like the down payment and closing costs, to determine how much money you need to buy a house.

HOA Fees: What Are They And What Do They Cover?

Home Buying - 4-minute read

Victoria Araj - July 25, 2023

Homeowners associations require members to pay fees to help cover the cost of maintaining common areas in the community. Learn more about how HOA fees are used.

Wholesale Real Estate: A Beginner’s Guide

Home Buying - 7-minute read

Victoria Araj - July 25, 2023

What is wholesale real estate? This guide will help you understand wholesale real estate basics, how the selling process works and best practices.

What Was The Adverse Market Refinance Fee?

Refinancing - 3-minute read

Victoria Araj - July 24, 2023

The FHFA eliminated the adverse market refinance fee, which was used to cover increased costs during the COVID-19 pandemic. Learn how that affects refinancing.

What Is Manual Underwriting And How Does It Work?

Mortgage Basics - 7-minute read

Victoria Araj - July 24, 2023

Manual underwriting is one of the ways a lender can review your loan application for approval. Learn more about what this means for you and your loan.

VA Loans: Rates, Eligibility Requirements And More

Loan Types - 13-minute read

Victoria Araj - July 24, 2023

A VA home loan is a type of mortgage financing designed for veterans and active-duty service members. Learn more about using a VA loan with our complete guide.

Mortgage Insurance: Definition, Different Types And Cost

Mortgage Basics - 5-minute read

Victoria Araj - July 24, 2023

Mortgage insurance protects lenders against default on home loans. Learn more about the different types of mortgage insurance, how much it costs and more.

Real Estate Broker Vs. Agent: Differences Explained

4-minute read

Victoria Araj - July 21, 2023

As a home buyer or seller, you may be wondering what differentiates a real estate agent from a real estate broker. Read on to learn more about these roles.

What Is A Real Estate Agent And What Do They Do?

Home Buying - 6-minute read

Victoria Araj - July 21, 2023

Wondering what exactly a real estate agent does day by day? Read our article to learn more about what a real estate agent does for a buyer and seller.

Common Mortgage Scams In 2023 And How To Avoid Them

Mortgage Basics - 8-minute read

Victoria Araj - July 20, 2023

Mortgage scams impact every aspect of the home buying process. Read our article that goes over common mortgage scams and how you can avoid or spot them.