A promissory note is a repayment agreement between a borrower and lender, but how does it differ from a loan? Read on to see how promissory notes affect you.

Have you received word that your mortgage servicing has been transferred? Learn about what this means, why it happens, and what changes you can expect.

Collateral is an asset used to secure a loan. If a borrower defaults, the lender can take the collateral to recover losses.

Learn what assessed value means, how it's calculated, and how it affects property taxes. Know the differences between assessed, appraised, and market values.

Learn how the 2025 mortgage interest deduction works, what qualifies, and whether itemizing or the standard deduction saves you more.

Mortgage delinquency means that a borrower’s payment is at least 30 days overdue. Understand how late payments affect your credit and your financial futur...

Wondering about Florida’s average mortgage payment? Explore the state’s trends, interest rates, and what to expect when buying a home in the Sunshin...

What are assets? Find out the different types of assets to help manage your finances, build wealth, and make smart financial decisions.

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.

A forbearance agreement allows borrowers to temporarily suspend mortgage payments during unexpected financial hardship. Learn if it’s the right option for...

When you buy a home, you want to be sure that no one but you and your lender hold claim to the property. Find out how a warranty deed protects you.

There are several types of mortgage lenders you can work with when buying a house. From traditional banks to credit unions, discover which one is right for y...

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

Mortgage insurance protects lenders against default on home loans. Learn about the different types of mortgage insurance, typical costs, and ways to avoid this ...

Renting a house is different from renting an apartment. If you aren’t ready to buy, here’s what you should know before leasing a house.

Second lienholders agree to be subordinate to the first if a borrower defaults or files for bankruptcy. Understanding this can help you manage your finances.

You can pay off a mortgage more quickly by making extra payments, refinancing to a shorter term, or using a HELOC. Here’s how to accelerate your payoff...

Discover why Rocket Mortgage stands out as both lender and servicer – leading in client satisfaction, technology, and award-winning service.