What Is The Prime Rate, How Does it Work And How Does It Affect You?

Mortgage Basics - 6-minute read

Scott Steinberg - January 23, 2023

The prime rate is an index that helps determine rates on loans, but how exactly does that work? Read our article to learn more on how prime rate affects you.

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A Quick Intro To The Floating Interest Rate

Mortgage Basics - 6-minute read

Dan Rafter - January 23, 2023

A floating interest rate fluctuates over your loan’s term, changing your mortgage payment amount. Read on to learn more about floating rates and how they work.

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Historical Mortgage Rates: 1971 To The Present

Mortgage Basics - 5-minute read

Kevin Graham - January 23, 2023

Historical mortgage rates fluctuate, particularly in uncertain and inflationary times. Learn more about historical mortgage rates from the 1970s to the present.

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What Does Inflation Do To Mortgage Rates? A Guide For Uncertain Times

Mortgage Basics - 9-minute read

Dan Rafter - January 20, 2023

When inflation increases, interest rates on new mortgages and ARMs increase too. Learn more about the relationship between inflation and mortgage rates.

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10 Tips For How To Get The Best Mortgage Rate Available

Mortgage Basics - 10-minute read

Andrew Dehan - January 20, 2023

With preparation, home buyers can get the lowest mortgage rate available, even as rates rise overall. Read our 10 tips for how to get the best mortgage rate.

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What Is Compound Interest And How Is It Calculated?

Mortgage Basics - 6-minute read

Ashley Kilroy - January 20, 2023

Compound interest is the interest earned on the money you’ve saved and the interest you’ve accrued. Learn how to calculate and benefit from compound interest.

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Mortgage Points: What Are They, And Should You Buy Them?

Mortgage Basics - 6-minute read

Hanna Kielar - January 17, 2023

Mortgage points can mean big savings on a mortgage. Learn all about what mortgage points are, how they work and whether buying points is right for you.

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How Does Bankruptcy Affect Your Mortgage?

Mortgage Basics - 12-minute read

Kevin Graham - January 17, 2023

Wondering how bankruptcy affects a mortgage? Read our guide to learn what happens to a mortgage if you file for bankruptcy, and the options that are available.

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Purchase With The Power Of RateShield®

Mortgage Basics - 5-minute read

Kevin Graham - January 17, 2023

With the power of RateShield^®, home buyers will be able to protect themselves in a rising rate environment by locking a rate while shopping for a home.

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Does Mortgage Forbearance Affect Refinancing? What Homeowners Need To Know

Mortgage Basics - 6-minute read

Kevin Graham - January 13, 2023

Mortgage forbearance can be a crucial lifeline for homeowners in need of assistance with their loan. But how does mortgage forbearance affect refinancing?

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How To Calculate Your Monthly Mortgage Payment: A Guide

Mortgage Basics - 12-minute read

Kevin Graham - January 12, 2023

Are you wondering how much your estimated monthly payment would be on a mortgage? Check out our guide and learn how to calculate your mortgage payment.

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Mortgage Interest Rates Forecast For 2023

Mortgage Basics - 8-minute read

Kevin Graham - January 12, 2023

Wondering about the mortgage interest rates forecast for 2023? See the predictions and find out when it’s wise to lock in your mortgage rate with a lender.

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Tax Benefits Of Real Estate Investing: Top 6 Breaks And Deductions

Mortgage Basics - 5-minute read

Laura Gariepy - January 12, 2023

Curious about investing in real estate but not convinced? Check out the real estate tax benefits available to investors with our guide to breaks and deductions.

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Common Mortgage Scams In 2022 And How To Avoid Them

Mortgage Basics - 10-minute read

Victoria Araj - January 12, 2023

Mortgage scams impact every aspect of the home buying process. Read our article that goes over common mortgage scams and how you can avoid or spot them.

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Real Estate Investing: How Many Mortgages Can You Have?

Mortgage Basics - 7-minute read

Melissa Brock - January 12, 2023

Wondering how many mortgages you can have? Fannie Mae guidelines state that a real estate investor can have a maximum of ten mortgages with the right strategy.

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The Average Mortgage Length In The U.S.

Mortgage Basics - 8-minute read

Lauren Nowacki - January 12, 2023

The most popular mortgage term is 30 years, with low monthly payments but a higher interest rate. Find out whether the average mortgage length is right for you.

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Mortgage Loan Limits Largely Rise In 2023

Mortgage Basics - 4-minute read

Kevin Graham - January 12, 2023

Rocket Mortgage has updated conventional loan limits for 2023. Mortgage limits have gone up from most. Read on for details as well as FHA and VA loan limits.

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How To Get A Mortgage With A Seasonal Income

Mortgage Basics - 6-Minute Read

Miranda Crace - January 12, 2023

Getting a mortgage when you have seasonal income can be a bit difficult. Read our latest guide on how to qualify for a mortgage when you have seasonal income.

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