Author | Rocket Mortgage

What Are The VA Loan Appraisal and Inspection Requirements?

Loan Types - 8-Minute Read

Miranda Crace - February 13, 2023

Does your VA loan require a home inspection? No, but it will require a VA appraisal to estimate the home’s market value, and to ensure your new home meets MPRs.

Should I Remodel Or Move?

Home Buying - 8-minute read

Miranda Crace - January 23, 2023

Deciding whether to remodel or move is a decision that should be carefully considered. Explore the pros and cons of each and what costs you can expect.

What Is An Adjustable-Rate Mortgage?

Loan Types - 9-minute read

Miranda Crace - January 20, 2023

Adjustable-rate mortgages offer low introductory interest rates that can rise over the life of the loan. Find out whether this type of loan is right for you.

What Is A Mortgage? Loan Basics For Beginners

Mortgage Basics - 16-minute read

Miranda Crace - January 19, 2023

A mortgage is a home loan that is secured by the property the borrower finances with the loan funds. Learn what you need to get started on securing a mortgage.

Buying A Second Home: A How-To Guide

Home Buying - 8-Minute Read

Miranda Crace - January 12, 2023

Whether it’s for vacationing or use as an investment property, buying a second home requires careful thought. Here’s what you need to know.

15 Low-Income Moving Assistance Programs And Resources

Home Buying - 6-minute read

Miranda Crace - January 12, 2023

Moving is not cheap or easy, and it can make relocation difficult for low-income and cash-strapped new homeowners. Learn about sources for moving assistance.

Types Of Assets To Include On Your Mortgage Application

Mortgage Basics - 6-minute read

Miranda Crace - January 12, 2023

Lenders examine your assets when assessing your mortgage application. Learn which types of assets should be included to improve your chances of approval.

A Guide To Bank Statements For Your Mortgage

Mortgage Basics - 6-minute read

Miranda Crace - January 11, 2023

Analyzing bank statements is an important part of the mortgage underwriting process. Learn more about the bank statements you’ll need to get a home loan.

Everything You Need To Know Before Buying Rental Property

Home Buying - 6-minute read

Miranda Crace - January 11, 2023

Buying rental property is a simple way to start investing in real estate. Here’s what you need to know before buying your first rental property.

Prepayment Penalty: What It Is And How To Avoid It

Mortgage Basics - 8-Minute Read

Miranda Crace - January 11, 2023

What is a prepayment penalty, and what can you do to avoid it? Learn how to pay off your mortgage early without triggering the prepayment penalty fee.

Should You Take A First-Time Home Buyers Class?

Home Buying - 4-minute read

Miranda Crace - January 10, 2023

A first-time home buyers class can help you get a head start on the home buying process. Here’s what you’ll learn and why you might take one.

Buying A Foreclosed Home: Pros, Cons And A Step-By-Step Guide

Home Buying - 8-minute read

Miranda Crace - January 10, 2023

Thinking about buying a foreclosed home? Check out our comprehensive guide to the process to determine whether buying a foreclosure might be right for you.

How Long Does A Mortgage Preapproval Last?

Mortgage Basics - 5-minute read

Miranda Crace - January 10, 2023

A mortgage preapproval is a useful part of the home buying process, but how long does it last? Read on to find out how long a preapproval letter is good for.

Contingent Vs. Pending: What’s The Difference?

Home Buying - 4-minute read

Miranda Crace - October 17, 2022

Home buyers sometimes confuse contingent vs. pending status. Learn the difference between pending and contingent and what the two terms mean for home buying.