Mortgage Basics Resources | Rocket Mortgage

What Is A Mortgage Maturity Date And How Does It Work?

Mortgage Basics - 5-minute read

Sarah Sharkey - July 24, 2023

A mortgage maturity date is the date you’re expected to make your last mortgage payment. Learn more about how maturity dates work and how to find yours.

Common Mortgage Scams In 2023 And How To Avoid Them

Mortgage Basics - 8-minute read

Victoria Araj - July 20, 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.

What Is A Mortgage Banker? Services, Responsibilities And More

Mortgage Basics - 4-minute read

Sam Hawrylack - July 17, 2023

A mortgage banker is an individual or entity that originates, services and sells mortgages. Read on to learn more about their responsibilities to borrowers.

Understanding Principal Reduction: What It Is And How It Helps Homeowners

Mortgage Basics - 4-minute read

Andrew Dehan - July 14, 2023

Principal reductions lower the total balance on a home loan. Learn how these financial relief programs work and what other options are available to borrowers.

A Guide To TILA-RESPA Integrated Disclosures (TRID)

Mortgage Basics - 6-minute read

Victoria Araj - July 13, 2023

Learn about how TRID mortgage guidelines, or “Know Before You Owe” rules, protect borrowers and what they mean for you during the home buying process.

Tax Deed Properties: What They Are And How To Invest

Mortgage Basics - 8-minute read

Dan Rafter - July 13, 2023

In some states, a property tax delinquency allows the government to auction off the tax deed, which, when paid, transfers the title to the highest bidder.

What Are Mortgage-Backed Securities (MBS)?

Mortgage Basics - 5-minute read

Jamie Johnson - July 13, 2023

A mortgage-backed security (MBS) is a type of bond that is secured by real estate loans. Read on to learn more about investing in this asset-backed security.

Should I Lock In My Mortgage Rate Today?

Mortgage Basics - 4-minute read

Victoria Araj - July 12, 2023

Since mortgage rates could potentially rise, it may be beneficial to lock in your mortgage rate today. Read here to learn the pros and cons of locking in now.

A Complete Guide To Short-Term Mortgages

Mortgage Basics - 5-minute read

Melissa Brock - July 12, 2023

Not excited about the idea of paying off your home loan for the next 30 years? Check out our guide to short-term mortgages to explore alternative options.

What Is The Right Of First Refusal (ROFR) In Real Estate And How Does It Work?

Mortgage Basics - 6-minute read

Scott Steinberg - July 12, 2023

Right of first refusal (ROFR) allows a party to submit the first offer when an owner decides to sell. Find out what ROFR is and whether it’s right for you here.

Refinance Appraisal Vs. Purchase Appraisal

Mortgage Basics - 6-minute read

Victoria Araj - July 12, 2023

Preparing for a refinance appraisal or purchase appraisal? Learn about home appraisals, when they’re used, and your options as a buyer, seller or homeowner.

Purchase With The Power Of RateShield®

Mortgage Basics - 5-minute read

Kevin Graham - July 12, 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.

Private Mortgage: What You Should Know Before You Borrow

Mortgage Basics - 8-minute read

Lauren Nowacki - July 12, 2023

Considering applying for a private mortgage to finance your next home purchase? Weigh the pros and cons before borrowing outside of a traditional loan.

Principal And Interest: Mortgage Payment Basics

Mortgage Basics - 6-minute read

Victoria Araj - July 12, 2023

Your monthly mortgage payment has two parts: principal and interest. Learn the difference between the two, plus what else is included in your mortgage payment.

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

Mortgage Basics - 6-minute read

Scott Steinberg - July 12, 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.

Do Oil Prices Affect Mortgage Rates?

Mortgage Basics - 3-minute read

Jamie Johnson - July 12, 2023

Oil prices are one of many factors that affect mortgage rates. Learn more about how oil prices indirectly affect mortgage rates in the U.S.

Who Is A Mortgagee, And What Does It Mean When Buying A House?

Mortgage Basics - 3-minute read

Hanna Kielar - July 12, 2023

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 the home buying process.

Understanding The Mortgage Loan Process

Mortgage Basics - 4-minute read

Victoria Araj - July 11, 2023

The mortgage loan process consists of several steps like submitting a mortgage application and choosing a lender. Keep reading to learn every important step.

What Is A Mortgage Maturity Date And How Does It Work?

Common Mortgage Scams In 2023 And How To Avoid Them

What Is A Mortgage Banker? Services, Responsibilities And More

Understanding Principal Reduction: What It Is And How It Helps Homeowners

A Guide To TILA-RESPA Integrated Disclosures (TRID)

Tax Deed Properties: What They Are And How To Invest

What Are Mortgage-Backed Securities (MBS)?

Should I Lock In My Mortgage Rate Today?

A Complete Guide To Short-Term Mortgages

What Is The Right Of First Refusal (ROFR) In Real Estate And How Does It Work?

Refinance Appraisal Vs. Purchase Appraisal

Purchase With The Power Of RateShield®

Private Mortgage: What You Should Know Before You Borrow

Principal And Interest: Mortgage Payment Basics

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

Do Oil Prices Affect Mortgage Rates?

Who Is A Mortgagee, And What Does It Mean When Buying A House?

Understanding The Mortgage Loan Process

Take the first step toward the right mortgage.