Author | Rocket Mortgage

8 Mortgage Myths And Truths

Home Buying - 7-minute read

Victoria Araj - July 12, 2023

Do mortgage myths make buying a home feel out of reach? Read on to learn some truths about the mortgage process. You might be more qualified than you think!

Understanding The Mortgage Loan Process

Mortgage Basics - 4-minute read

Victoria Araj - July 11, 2023

The mortgage loan process consists of several steps like submitting a mortgage application and choosing a lender. Keep reading to learn every important step.

How Does A Mortgage Contingency Work?

Home Buying - 4-minute read

Victoria Araj - July 11, 2023

A mortgage contingency is a clause that sets up certain conditions for a real estate transaction. Learn how this can protect both home buyers and home.

Can A Seller Refuse An FHA Loan Offer?

7-minute read

Victoria Araj - July 10, 2023

A seller can refuse an FHA-loan backed offer and might do so to avoid FHA appraisal and repair requirements. Learn more on why sellers often refuse FHA loans.

What Is A Warranty Deed?

Mortgage Basics - 4-minute read

Victoria Araj - July 10, 2023

When you buy a home, you want to be sure that no one but you and your mortgage lender hold any claim to the property. Find out how a warranty deed protects you.

How To Find Rent-To-Own Homes: A Guide

Home Buying - 5-minute read

Victoria Araj - July 07, 2023

Are you on the hunt for a rent-to-own home? Read our helpful guide on the different ways you can go about finding a rent-to-own home that fits your needs.

Lease Purchase Agreement: What You Should Know

Home Buying - 6-minute read

Victoria Araj - July 07, 2023

A lease purchase agreement between a tenant and a landlord allows the renter the option to buy the property at some point. Read how this agreement is negotiated.

What Is A Kick-Out Clause And Should You Include One?

Home Buying - 5-minute read

Victoria Araj - July 07, 2023

A kick-out clause allows sellers who have accepted an offer to continue showing their home. Find out if you should include one if you’re selling your home.

How To Repair Your Credit Score In 6 Steps

Mortgage Basics - 8-minute read

Victoria Araj - July 07, 2023

Ready to bump up your credit score? We’ll help you understand what your credit score means and walk you through how to increase your credit score in six steps.

How To Make An Offer On A House In 5 Steps

Home Buying - 8-minute read

Victoria Araj - July 07, 2023

You’re preapproved for a loan, you found the perfect home and you’re ready to put in an offer on a house.

How To Lower Your Mortgage Payment

Refinancing - 5-minute read

Victoria Araj - July 07, 2023

A mortgage is one of the most affordable ways to borrow money, but are there opportunities to save further? Learn how you can lower your mortgage bill.

How To Get A Mortgage: A Step-By-Step Guide

Mortgage Basics - 8-minute read

Victoria Araj - July 07, 2023

Wondering how to get a mortgage? Our easy-to-follow guide will walk you through what lenders are looking for, the documents you’ll need and other steps.

Getting A Mortgage With A New Job: What To Know

Home Buying - 4-minute read

Victoria Araj - July 06, 2023

Getting a mortgage with a new job or in between jobs can be challenging, but not impossible. Learn how to approach the mortgage process with confidence.

Capital Gains Tax On Real Estate And Home Sales

Home Buying - 7-minute read

Victoria Araj - July 05, 2023

Are you required to pay the capital gains tax on your real estate property? Review our guide to learn what the capital gains tax is, when to pay it and more.

Understanding USDA Construction Loans

8-minute read

Victoria Araj - June 30, 2023

A USDA construction loan allows you to buy and build a home under a single mortgage. Learn about USDA construction loan requirements and how these loans work.

FHA Loans: Requirements, Loan Limits And Rates

Loan Types - 11-minute read

Victoria Araj - June 30, 2023

An FHA loan is a government-backed loan that allows you to buy a home with less strict financial requirements. Learn more about FHA loans and if you qualify.

A Guide To Contemporary Houses

Home Buying - 5-minute read

Victoria Araj - June 30, 2023

Contemporary houses incorporate design elements that are popular at the time when they’re built. Use our guide to learn more about this architectural style.

How To Buy A House With No Money Down

Home Buying - 11-minute read

Victoria Araj - June 29, 2023

If you’re struggling to come up with a down payment, you may still be able to qualify for a home loan. See your options for buying a house with no money down.