Featured resources
4-minute read
What is the alienation clause in real estate and how does it work?
The alienation clause, or due-on-sale clause, requires all mortgage payments be made at the time of sale. Learn how it impacts borrowers and real estate.
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5-minute read
What is an appraisal contingency and when should I use it?
An appraisal contingency can give home buyers peace of mind about a home's purchase price. Learn how appraisal contingencies work and when to use one.
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3-minute read
Freddie Mac BorrowSmart® Accessâ„ expands home afffordability
Freddie Mac BorrowSmart® Accessâ„ offers a credit toward the down payment or closing costs of qualified buyers in certain areas. Read on...
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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....
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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...
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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...
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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...
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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...
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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.
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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.
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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.
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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.
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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.
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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....
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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.<...
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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.
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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®
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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.
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