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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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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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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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
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
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 ...
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11-minute read
How rising fed interest rates can affect home buyers and sellers
The Fed rate hikes have raised mortgage interest rates in 2022. See how higher Fed interest rates affect home buyers and sellers and what borrowers can do ne...
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5-minute read
Freddie Mac: What is the Federal Home Loan Mortgage Corporation (FHLMC)?
Freddie Mac is a government-sponsored agency charged with keeping mortgage markets liquid. Learn more about FHLMC – and how it impacts home buyers and ...
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5-minute read
Get a leg up on the competition with Verified Approval
A Verified Approval allows you to confidently make an offer knowing that your financing is rock solid. Read on for details!
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4-minute read
Fee simple: What is it in real estate and how does it work?
Fee simple refers to a landowner’s absolute ownership of real property. Read our article to learn about how fee simple determines real estate or land o...
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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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7-minute read
CARES Act mortgage forbearance: FAQs and updates
The CARES Act provides mortgage forbearance and other relief to those suffering from the effects of the COVID-19 pandemic. Read on for updates on the CARES A...
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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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