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A gay couple cuddling on a couch while using a computer.

Mortgage Basics - 6-MINUTE READ

Dan Rafter - Oct 8, 2024

What Is MERS For Mortgages?

MERS is an online mortgage registration system that tracks a home loan’s servicing rights and ownership interests. Learn more about MERS here.

A small greenhouse or conservatory, showcasing a structure designed for gardening, relaxation, or cultivating plants within a home setting.

Mortgage Basics - 10-MINUTE READ

Cathie Ericson - Sep 25, 2024

Contingent: What It Means In Real Estate

In real estate, “contingent” refers to conditions that must be met for a sale to proceed as planned. Learn how contingencies protect potential home buyers.

Two-story white house in winter with snowy lawn and trees.

Mortgage Basics - 6-MINUTE READ

Ashley Kilroy - Sep 23, 2024

What Does Assessed Value Mean And How Is It Determined?

The assessed value of a home helps determine its worth for property tax purposes. Discover how a home’s value gets assessed and why this matters.

The Federal Reserve Bank building.

Mortgage Basics - 5-MINUTE READ

Sarah Lozanova - Sep 23, 2024

How The Federal Funds Rate Affects Mortgage Rates

The federal funds rate helps regulate the U.S. economy, but it can also affect mortgage rates. Learn how it can affect you as a home buyer and homeowner.
Woman sorting letters at a desk.

Mortgage Basics - 6-MINUTE READ

Kevin Graham - Sep 19, 2024

How A Fed Rate Drop Affects Home Buyers And Sellers

What’s the impact on home buyers and sellers when the federal funds rate drops? Learn how a Fed rate drop impacts interest rates and home loans.

A beautiful red brick house representing good architectural design.

Mortgage Basics - 4-MINUTE READ

Kevin Graham - Sep 13, 2024

Mortgage Loan Limits Are On The Rise

Rocket Mortgage has updated conventional loan limits. Mortgage limits have gone up for most. Read on for details as well as FHA and VA loan limits.

Image illustrating a business handshake, potentially representing a financial agreement or collaboration.

Mortgage Basics - 8-MINUTE READ

Victoria Araj - Sep 12, 2024

What Parties Are Involved When Getting A Mortgage And Buying A House?

A variety of parties are involved when it comes to acquiring a mortgage and buying a home. Learn about the key players in a real estate transaction.

 

A family having a meal in their backyard.

Mortgage Basics - 7-MINUTE READ

Hanna Kielar - Sep 10, 2024

What Is A Conventional Loan?

Conventional loans are a traditional mortgage option. Learn what a conventional home loan is, how it works and common lender requirements in our guide.
Large white two story house with porch atop a vast green lawn.

Mortgage Basics - 5-MINUTE READ

Scott Steinberg - Sep 9, 2024

How To Get Out Of A Mortgage

Knowing how to get out of a mortgage the right way can save you from financial ruin. Read our tips for digging yourself out of your mortgage mess.
A handshake between two individuals, indicating a successful agreement or deal.

Mortgage Basics - 6-MINUTE READ

Kevin Graham - Sep 9, 2024

What Is Fannie Mae’s Community Seconds Program?

Need a little extra help covering your down payment or closing costs? A program like Fannie Mae's Community Seconds might be able to help.
A pregnant Asian woman browsing or working on a computer, possibly researching or organizing information online.

Mortgage Basics - 3-MINUTE READ

Jamie Johnson - Sep 7, 2024

Applying For A Home Loan While On Maternity Leave: A Guide

Wondering if maternity leave will affect your ability to get a mortgage? Learn what to expect when applying for a home loan while on maternity leave.
Two women looking over mortgage documents together at signing.

Mortgage Basics - 7-MINUTE READ

Ashley Kilroy - Sep 6, 2024

How Does Mortgage Interest Work? Everything You Need To Know

If you’re buying a home, you’ll need to know how mortgage interest will work with the loan you choose. Learn the basics of mortgage interest and why it matters.

A woman wearing glasses working on a laptop, indicating digital work or studying.

Mortgage Basics - 3-MINUTE READ

Kevin Graham - Sep 5, 2024

Get Questions Answered And Take Action With Self-Service Options Available 24/7 With No Wait

Self-service options enable you to take action on your loan on your schedule. Learn more about these self-service options, available anytime with no wait.

A woman enjoying a cup of coffee while thinking about something.

Mortgage Basics - 4-MINUTE READ

Ashley Kilroy - Aug 27, 2024

Adjustable-Rate Mortgage: The Pros And Cons To Consider

Adjustable-rate mortgages come with pros and cons, the primary tradeoff being a lower initial interest rate that increases later. Find out more here.
A woman signing paperwork, likely related to legal or financial documentation.

Mortgage Basics - 6-MINUTE READ

Melissa Brock - Aug 27, 2024

Making Escrow Simpler Through Rocket Mortgage<sup>®</sup>

With a Rocket Mortgage escrow account, we’ll make your property tax and homeowners insurance payments easier to manage. Learn more about our escrow services.

Young family moving into a new home, carrying boxes and household items.

Mortgage Basics - 9-MINUTE READ

Rachel Burris - Aug 26, 2024

Buydown: A Way To Reduce Interest Rates

Buydowns are methods used by buyers and sellers to lower interest rates in the early years of a new mortgage. Find out if a buydown is right for you.

Woman looking over a bill in her kitchen.

Mortgage Basics - 6-MINUTE READ

Kevin Graham - Aug 15, 2024

Mortgage Forbearance Vs. Deferment: What’s The Difference?

For homeowners dealing with financial hardship, relief options include forbearance and deferment. Learn more about mortgage forbearance versus deferment.

An image possibly related to the LIBOR (London Interbank Offered Rate) financial concept.

Mortgage Basics - 6-MINUTE READ

Kevin Graham - Aug 9, 2024

The London Interbank Offered Rate (LIBOR), Defined And Explained

Until recently, LIBOR was a longstanding benchmark interest rate for adjustable-rate mortgages and other loans. Learn about LIBOR and its replacement.

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