Featured resources

5-minute read

A guide to home equity loan closing costs

Home equity loan closing costs typically range from 3% – 6% of your loan amount. Learn what fees are included and how to lower your total borrowing cos...

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6-minute read

How to apply for a home equity line of credit (HELOC)

Review the basic requirements for a home equity line of credit (HELOC), learn how much you can borrow, and step-by-step instructions on how to apply for one.

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8-minute read

What are FHA compensating factors?

If you're considering an FHA loan to buy a home but fall short on some requirements, compensating factors can balance them out and help you earn approval.

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7-minute read

Can you get a home equity loan on a manufactured home?

After getting a home equity loan on a manufactured home, you can renovate your home or consolidate debt. Learn how this type of loan works and what to expect

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6-minute read

New York CEMA loans: Everything you need to know

New Yorkers can save on their taxes by refinancing using a consolidation, extension, and modification agreement (CEMA) loan. Learn how these loans work.

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7-minute read

Jumbo ARMs vs. jumbo fixed loans: A guide for luxury buyers

When buying a luxury home, you'll likely need a jumbo loan, which can be a jumbo ARM or a jumbo fixed-rate loan. Learn more about how each type works.

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5-minute read

What are the pros and cons of FHA loans?

FHA loans have benefits and drawbacks, from flexible credit requirements and low minimum down payments to strict property requirements and low loan limits.

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7-minute read

USDA vs. conventional loans: What's the difference?

The application process for USDA loans and conventional loans is quite different. USDA loans have a more narrow focus but flexible credit terms.

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4-minute read

Fixed-rate HELOCs: Pros and cons

Lenders sometimes offer HELOC borrowers a choice between fixed-rate HELOCs and variable-rate HELOCs. Learn how fixed-rate options work and how to choose.

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7-minute read

Reverse mortgage foreclosure: Everything you need to know

If an event triggers the foreclosure process on your reverse mortgage, you can still avoid losing the property. Learn more about the timeline and your options.

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7-minute read

A guide for understanding home improvement loans

Home improvement loans can help you finance anything from a few cosmetic changes to a major renovation. Figure out what loan option is right for you.

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10-minute read

The pros and cons of bridge loans

A bridge loan is a short-term loan that lets a homeowner use the equity in their home when buying a new home. Learn about the pros and cons of bridge loans.

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7-minute read

Cash-out refinance vs. home equity loan

Comparing a cash-out refinance and a home equity loan? Learn how each works, key differences, costs, and how to choose the right option.

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6-minute read

What are the FHA loan down payment requirements?

FHA loans have more flexible terms than conventional loans, including with regard to your down payment. You may qualify for a low down payment with a credit ...

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7-minute read

Land contracts: What they are and how they work

Land contracts are a form of seller financing where the seller holds the title while the buyer makes payments. Learn how they work and whether they're right for...

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9-minute read

What is a 20-year mortgage, and should you consider one?

A 20-year fixed mortgage requires making payments over a 20-year term. Learn how these mortgages compare to other loans and see Rocket Mortgage’s current ...

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4-minute read

Upfront mortgage insurance premium (UFMIP): What you need to know

If you have an FHA loan, mortgage insurance premiums are mandatory. In addition to paying a monthly fee, you’re responsible for an upfront fee called UFMI...

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12-minute read

HELOC vs. personal loan: How to choose the better one for you

Compare a HELOC and a personal loan by cost, risk, speed, and flexibility. Learn when each option makes sense and what to consider before borrowing.

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