Featured resources
7-minute read
Regulation Z (the Truth in Lending Act): Defined and explained
Regulation Z protects borrowers by requiring that lenders provide important loan information like terms and APR. See how Reg Z works and what it enforces.
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7-minute read
8 mortgage myths and truths
Do mortgage myths make buying a home feel out of reach? Read on to learn some truths about the mortgage process. You might be more qualified than you think!
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4-minute read
Can I make principal-only payments on my mortgage?
Making principal-only payments on your mortgage can save you on interest over time. Learn how to make a principal-only payment and pay off your loan faster.<...
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4-minute read
Interest rate caps: What are they and how do they work?
An interest rate cap limits how much your interest rate will rise on an adjustable-rate mortgage (ARM). Find out more about rate caps and how they work.
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4-minute read
What are mortgage servicing rights?
Mortgage servicing rights (MSR) are often transferred to a third-party that takes over the administrative tasks of servicing a mortgage in exchange for a fee...
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5-minute read
Deficiency judgment: What is it and how does it work?
Read our guide to find out what deficiency judgments are in real estate, how they work in foreclosures and what mortgage borrowers should know about them.
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5-minute read
Forbearance agreement: What it means for your mortgage
A forbearance agreement allows borrowers to temporarily suspend their mortgage payments during unexpected financial hardship. Read about forbearance agreemen...
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8-minute read
What is loss mitigation?
Loss mitigation is the process in which borrowers and lenders work to create a plan to avoid foreclosure. Learn more about loss mitigation options here.
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7-minute read
What are seller concessions?
Seller concessions are closing costs that the seller has agreed to pay, but is it a reasonable request? Learn more about seller concessions and how they work.
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3-minute read
Recording fees, defined and explained
Wondering what recording fees are, how much they’ll cost you and what will happen if you don’t pay them? We have all the answers here with our quick...
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4-minute read
Impound accounts explained: Why your lender holds funds
Some mortgage servicers arrange impound accounts to collect fees from home buyers. But how do they work, and do they benefit you? Keep reading to find out.
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3-minute read
Who is a mortgagee, and what does it mean when buying a house?
If you’re considering buying a home, you’ve probably seen the term “mortgagee.” Learn who a mortgagee is, and what role they play in ...
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8-minute read
Breaking a fixed-rate mortgage: Can and should you do it?
There are a number of reasons why a borrower might want to break the loan agreement for their fixed-rate mortgage. Learn about whether this is possible here....
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4-minute read
Understanding the mortgage payment cycle and your statement
You’ve closed on your mortgage. Congratulations! Now learn about the timing of your payments and what’s included in your statement.
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4-minute read
Take your mortgage management mobile with our Rocket Mortgage® app
Our Rocket Mortgage® mobile app is the best way to manage your existing mortgage and handle the application process on the go. Check out the f...
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4-minute read
What Is A YOURgage® and how does it work?
A YOURgage® loan is a custom mortgage that can allow home buyers greater flexibility with their mortgages. Read more about YOURgages and their requiremen...
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3-minute read
How to remove a name from a mortgage
Financial and living situations often change over time. Here are some steps and considerations to keep in mind when trying to remove a name from a mortgage.
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4-minute read
Mortgagor: A definition
A mortgagor is an individual or organization that borrows money to purchase real estate. Learn about mortgagors versus mortgagees and their relationship.
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