Author | Rocket Mortgage

VA Renovation Loan: The Home Improvement Loan For Veterans

Loan Types - 8-minute read

Molly Grace - July 27, 2023

Did you know you can bundle a home purchase and renovation costs into one loan with a VA Renovation loan? Find out if you qualify and how to apply.

Why Did My Mortgage Go Up? Factors That Can Change Your Monthly Mortgage Payments

Servicing - 6-minute read

Molly Grace - July 12, 2023

A change in your mortgage payment can be jarring, especially if you don’t know why it happened. Learn about some possible reasons for the change here.

How To Buy A House With Low Income: Tips And Strategies To Help You Become A Homeowner

Home Buying - 8-minute read

Molly Grace - June 29, 2023

Becoming a homeowner doesn’t have to be an impossible dream. Learn more about the programs and strategies that can help you buy a home on a low income.

What Are Mortgage Servicing Companies?

Servicing - 5-minute read

Molly Grace - May 25, 2023

Mortgage servicing companies handle the day-to-day administrative tasks related to your loan. Learn what they do and how they're different from your lender.

Escrow Agent: What You Need To Know

Home Buying - 5-minute read

Molly Grace - April 21, 2023

An escrow agent upholds the escrow agreement in a real estate transaction. Read on to learn how this entity protects the property and assets in escrow.

Liens: Everything You Need To Know

Mortgage Basics - 7-minute read

Molly Grace - April 19, 2023

A lien refers to a legal claim against assets that can be used as collateral to repay debt. Read on to learn how property liens work, plus how to remove them.

FHA Vs. VA Loans: What’s The Difference, And Which One Is Best For You?

Loan Types - 5-minute read

Molly Grace - March 31, 2023

FHA loans and VA loans can be great borrowing options for aspiring homeowners. Learn more about the differences between these two mortgage loan types here.

Preforeclosure: What It Is And How It Works

Refinancing - 6-minute read

Molly Grace - March 29, 2023

Preforeclosure is the first legal step toward foreclosure. Uncover some tips on how to avoid foreclosure and discover some options available for homeowners.

Do USDA Loans Require Mortgage Insurance?

Mortgage Basics - 4-minute read

Molly Grace - March 19, 2023

For USDA loans, mortgage insurance isn’t technically required, but there are similar fees. Find out about these attractive mortgage deals for rural home buyers.

Mortgage Insurance Premium (MIP) Vs. Private Mortgage Insurance (PMI): How Do They Differ?

Mortgage Basics - 6-minute read

Molly Grace - March 06, 2023

As you learn more about mortgage insurance, you’re likely to come across two important acronyms: MIP and PMI. Learn more about the difference between them here.

Drive-By Appraisal: Defined And Explained

5-minute read

Molly Grace - February 27, 2023

A drive-by appraisal is an appraisal of the exterior of the property only. Find out when and why they’re used and how they work.

A Guide To Understanding Bundle Of Rights In Real Estate

Home Buying - 4-minute read

Molly Grace - February 26, 2023

A bundle of rights describes the legal rights associated with property ownership: the right of possession, control, enjoyment, disposition and exclusion.

A Guide To Buying A House In A Flood Zone

Home Buying - 6-minute read

Molly Grace - February 26, 2023

If you’re considering buying a house in a flood zone, you should weigh the pros, cons and potential risks. Read on to learn more about moving into a flood zone.

USDA Loan Closing Costs: What They Cover And What Can Be Rolled Into Your Loan

Loan Types - 5-minute read

Molly Grace - January 11, 2023

USDA loans require no down payment and offer unique means for covering your closing costs. Read our guide to USDA closing costs and how you can afford them.