Recent Articles
5-minute read
Federal Reserve press release in plain English - July 2022
The Federal Reserve raised interest rates, but there are other important details. Read on for a plain English translation of the latest.
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4-minute read
What is the power of sale in a mortgage note, and how does it affect foreclosure proceedings?
The power of sale allows a lender to sell a home – without judicial review – if a borrower defaults on a mortgage. Learn more about how the power...
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4-minute read
What is an escalation clause and when is the time to use one?
An escalation clause states a buyer is willing to raise their offer if a seller receives a higher offer. Read our guide on escalation clauses.
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9-minute read
Home equity loan vs. personal loan: What's the best option?
A personal loan is an unsecured loan, while a home equity loan is backed by your home equity. See the main differences between these two loan types.
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3-minute read
Federal Reserve press release in plain English - March 2024
The Federal Reserve didn’t say a whole lot new in March, but it did release projections. Here are the details for us obsessive market watchers.
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3-minute read
PUD (Planned Unit Development): What it is and how it differs from other types of housing
A PUD, or planned unit development, is a small community of single-family homes. Read on to learn about living in a PUD and how it differs from other housing...
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4-minute read
How long does an appraisal take? The home appraisal timeline
Home appraisals can take anywhere from a few days to a week depending on timing, scheduling and a home's complexity. Learn how long an appraisal takes and wh...
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5-minute read
Guide to Form 1098 mortgage interest statement
Did you know your mortgage interest and insurance payments may be tax deductible? Read on to better understand what’s in your 1098 mortgage interest st...
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4-minute read
Top home features buyers want in 2024
Rocket Mortgage’s 2024 home feature preferences study unveils buyer preferences for interior, exterior, technology and community features of a home.
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