Featured resources

5-minute read
What is mortgage servicing and why does it matter?
Mortgage servicing is the management of a mortgage, like taking payments and creating statements. Borrowers should know how it works and why it matters.
Read more

9-minute read
How to get help with your mortgage payments
There are several ways to get help with your mortgage payments and avoid foreclosure. See what kind of assistance is available from a servicer if you qualify.
Read more

5-minute read
Servicing fees for mortgages: What they are and how to avoid them
Borrowers can face mortgage servicing fees in certain situations. Discover what mortgage fees to avoid as a homeowner, including late payment and recast fees...
Read more

4-minute read
What is a mortgage reinstatement?
Mortgage reinstatement can be a vital lifeline for borrowers who have missed payments and want to avoid foreclosure. Learn more about how it works here.
Read more

8-minute read
The hidden costs of late mortgage payments
Are you worried about the effects of making a late mortgage payment? Learn more about missing a mortgage payment, including how it affects your credit and more.
Read more

7-minute read
Escrow refund: What is it and when does it occur?
Learn what an escrow refund is, when it happens, and what to do with it so you can plan ahead and make the most of any surplus in your mortgage account.
Read more

6-minute read
What in the world is an escrow shortage?
Understanding escrow shortages and what causes a negative escrow balance is important for homeowners. Read on to learn how to navigate these situations.
Read more

7-minute read
Escrow agent in real estate: What to know
An escrow agent upholds the escrow agreement in a real estate transaction. Read on to learn how this entity protects the property and assets in escrow.
Read more

5-minute read
Loan modification: Defined and explained
A loan modification changes the terms of your existing loan to bring you current by adding past-due payments back to the balance. Understand how it works.
Read more

6-minute read
Escrow holdback: How it can help you close on time
Your lender can demand a repair if an appraisal reveals a problem with the home you’re buying. Learn how an escrow holdback can keep your closing day o...
Read more
6-minute read
What is the MERS System for mortgages?
The MERS System is an online registry that tracks a mortgage loan’s servicing rights and ownership interests. Learn more about t...
Read more
3-minute read
Escrow fees: What they cost and who pays them
Escrow fees ensure a secure exchange of funds between buyer, seller, lender and other parties. Read on to learn what they cost and who pays for them.
Read more
4-minute read
Paying off your mortgage? Get your quote by phone
Are you looking to finally pay off your mortgage? Congratulations on the achievement! Here’s how you do it.
Read more
6-minute read
Making escrow simpler through Rocket Mortgage®
With a Rocket Mortgage escrow account, we’ll make your property tax and homeowners insurance payments easier to manage. Learn more about our escrow ser...
Read more
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...
Read more
5-minute read
When is your first mortgage payment due?
Your first mortgage payment is always due to your lender within 60 days of your closing date. Get more details about your first mortgage payment after closin...
Read more
4-minute read
Close of escrow: What you need to know
Close of escrow is the point in the real estate transaction when all parties have fulfilled their responsibilities. Read on to learn how close of escrow work...
Read more
5-minute read
Pros and cons of mortgage forbearance
Mortgage forbearance can be a lifeline for many homeowners struggling to make their mortgage payments. Find out whether mortgage forbearance is a good idea.
Read more