Recent Articles

6-minute read
Prepayment penalty: What it is and how to avoid it
A lender may charge a prepayment penalty when you pay off your mortgage early. Find out what triggers the penalty, how much it can cost, and how to avoid it.
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5-minute read
A guide to new construction phase inspections
New construction phase inspections can help ensure your new home is built to last. Explore the three phases, their costs and why they’re important.
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9-minute read
Can you refinance a VA loan?
Are you considering refinancing a VA loan? Learn about VA-backed and conventional refinance options and requirements to determine which works best for you.
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9-minute read
How long after an appraisal do you close?
Wondering how long after the appraisal you can close on your house? Learn how appraisals impact your loan and closing timeline, and key factors to consider.
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4-minute read
A guide to broker price opinion (BPO)
A broker price opinion (BPO) estimates a property's value based on comparable sales. Learn when a BPO is often used and how it differs from an appraisal.
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6-minute read
What is rental property depreciation and how does it work?
Real estate depreciation is a rental tax break available to landlords. The IRS assumes a property will depreciate by 3.6% per year and lets you deduct the lo...
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5-minute read
Assessed value vs. market value: Your questions answered
Confused about a property tax assessment vs. market value? The two similar terms both have to do with property value, but they are determined differently.
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10-minute read
Home equity loan on an investment property: A guide
Are you considering tapping into the equity of your investment property? Learn about whether a home equity loan on an investment property is right for you.
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6-minute read
Financing multiple rental properties: A beginner's guide
Investment home financing can get complicated, especially with multiple properties. Let Rocket Mortgage help you get started.
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