Featured resources
3-minute read
What is an automated valuation model (AVM)?
An automated valuation model (AVM) is a data-based tool real estate sites use to offer estimated property value on searched properties. Explore how it works....
Read more
5-minute read
What is a zombie foreclosure?
Zombie foreclosures demonstrate the risks of leaving before foreclosure ends. Understand these homes and their potential to resurface and create problems lat...
Read more
6-minute read
What is compound interest and how is it calculated? A guide
Compound interest is the money you earn on the interest that accrues on an account, investment or loan. Learn how to calculate compound interest and more her...
Read more
5-minute read
What is a mortgage note and why is it important?
A mortgage note is a legal document that defines the terms of the loan for the borrower and lender. Learn more about mortgage notes and why they’re imp...
Read more
4-minute read
Mortgage par rates: What they are, how they work
A par rate is a rate charged to a borrower based on DTI and other factors. It doesn’t include discount points or other adjustments. Read on to learn mo...
Read more
8-minute read
Mortgage forbearance: What it is and how it works
Mortgage forbearance allows you to pause payments on a mortgage. Read on to learn about how forbearance works and whether it’s right for you.
Read more
7-minute read
Your guide to a $450,000 mortgage: Costs and requirements to consider
Ready for a $450,000 mortgage to buy a home? Read our guide to understand the costs and requirements that come with taking out a $450,000 loan.
Read more
4-minute read
What is mortgage curtailment?
Interested in shortening the life of your mortgage loan? Consider how a mortgage curtailment could benefit you in reducing your debt.
Read more
7-minute read
What to do if you're applying for a mortgage and a business loan
Follow these quick tips if you have no choice but to go “all in” on both a mortgage loan and a business loan at once.
Read more
7-minute read
What is a good debt-to-income ratio?
What is a good debt-to-income ratio and why does it matter when getting a mortgage loan? Explore the details to help get the best loan terms possible.
Read more
4-minute read
Should I lock in my mortgage rate today?
Are you unsure whether you should lock in your mortgage rate today, or wait? Learn about the mortgage rate lock and why you might consider locking your rate....
Read more
6-minute read
How to use a mortgage calculator
Learn how to use our mortgage calculator to determine your monthly mortgage payments, including PMI, taxes, insurance, down payment, interest rate and more.<...
Read more
6-minute read
What is a mortgage commitment letter and how can I get one?
Getting a mortgage commitment letter is an important first step in the home buying process. Read on to find out how you can get a loan commitment letter.
Read more
6-minute read
Types of eClosing and how they work
Looking for digital options to close on your new house? Learn about the different types of eClosings available to you and Rocket Mortgage®
Read more
5-minute read
What happens if the appraisal is lower than the offer?
What happens if your home appraisal comes in lower than your offer? Learn about your options if your home appraisal value is less than the purchase price.
Read more
4-minute read
What is a mortgage processor, and what do they do?
A mortgage processor guides borrowers through the loan application process by collecting documents and information. Learn how they help secure mortgage loans.
Read more
5-minute read
Interest rate vs. home price: Which matters more?
If you’re a prospective home buyer, looking at interest rates vs. home price can help you decide your budget. Get familiar with what these metrics can ...
Read more
8-minute read
What Is Fannie Mae (FNMA)? A guide for home buyers
The Federal National Mortgage Association (FNMA), or Fannie Mae, purchases and backs mortgage loans for borrowers. Learn more about how Fannie Mae works.
Read more