Fixed- Vs. Adjustable-Rate Mortgage (ARM): What’s The Difference?

Loan Types - 7-minute read

Victoria Araj - August 05, 2022

While shopping for home loans, you’ll need to decide between a fixed-rate or adjustable-rate mortgage. Learn how they differ and which is better for you.

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How To Lower Your Mortgage Payment

Refinancing - 5-minute read

Victoria Araj - August 04, 2022

A mortgage is one of the most affordable ways to borrow money, but are there opportunities to save further? Learn how you can lower your mortgage bill.

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Community Seconds And Affordable Seconds: How They Can Help Finance Your Home Loan

Home Buying - 6-minute read

Kevin Graham - August 04, 2022

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. Here's how it works.

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Buydown: A Way To Reduce Interest Rates

Home Buying - 9-minute read

Rachel Burris - August 04, 2022

Buydown refers to methods used by buyers and sellers to lower interest rates in the early years of a new mortgage. Find out if a buydown makes sense for you.

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Home Equity Loans: A Complete Guide

Refinancing - 10-minute read

Andrew Dehan - August 04, 2022

A home equity loan is a loan in which the borrower uses the equity in their home as collateral to borrow money. Learn more about home equity loans here.

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Understanding Appraisal Vs. Assessment

Home Buying - 3-minute read

Scott Steinberg - August 03, 2022

If you’re preparing to buy a home, it’s important to understand the difference between an appraisal and an assessment. Read on to learn how they compare.

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What Is A Home Appraisal, And How Much Does It Cost?

Home Buying - 9-minute read

Hanna Kielar - August 03, 2022

A home appraisal determines the value of a home, whether for buying, selling or refinancing. Learn how this process works and what an appraisal can cost here.

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Contingent Vs. Pending: What’s The Difference?

Home Buying - 4-minute read

Miranda Crace - August 03, 2022

Home buyers sometimes confuse contingent vs. pending status. Learn the difference between pending and contingent and what the two terms mean for home buying.

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What Is The Average Down Payment On A House?

Home Buying - 3-minute read

Victoria Araj - August 03, 2022

The average down payment on a house is around 6%, depending on several factors. Check out our breakdown and see what you can expect to spend on your payment.

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Own A Home In 2022 With Down Payment Assistance

Home Buying - 6-minute read

Carla Ayers - August 03, 2022

Rocket Mortgage^® accepts down payment assistance in the form of grants and second lien down payment assistance to help you get the keys to your new home. Read on for more information.

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How Much Do You Need For A Down Payment To Buy A House?

Home Buying - 7-minute read

Miranda Crace - August 03, 2022

The amount you need for a down payment on a house depends on the type of mortgage you get, your financials and more. Find out what may be required, here.

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APR Vs. Interest Rate: What’s The Difference?

Mortgage Basics - 4-minute read

Victoria Araj - August 03, 2022

Interest rate is the amount you pay to borrow money, while APR is a broader measure of the cost to borrow money. Learn more about APR versus interest rate. 

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What Is Adverse Possession In Real Estate?

Home Buying - 6-minute read

Erica Gellerman - August 03, 2022

Adverse possession can give trespassers the right to claim ownership of your property. Learn more about adverse possession and how to prevent it here.

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Condos: Everything You Need To Know

Home Buying - 9-minute read

Andrew Dehan - August 03, 2022

A condo, also known as a condominium, is a housing or residential complex where individuals own their unit. Learn more about the different types of condos.

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Buying A Condo Vs. A House: A Guide On How To Decide

Home Buying - 7-minute read

Sidney Richardson - August 03, 2022

A condo is a housing unit while a house is a more substantial piece of real estate with land included. Keep reading to learn more about condos and houses.

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Should You Make Or Accept A Backup Offer On A Home Sale?

Home Buying - 5-minute read

Kevin Graham - August 02, 2022

A backup offer on a home guarantees you a contract with the seller if the first offer fails. Find out if buyers and sellers should try this home sale strategy.

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Your Ultimate Guide To Home Loans For People With Disabilities

Home Buying - 11-minute read

Victoria Araj - August 02, 2022

Read our guide to grants, mortgages, modification loans and home loans for people with disabilities, including must-know tips, programs and rights.

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Home Loans For Teachers: A Guide To Teacher Home Buying Programs

Loan Types - 5-minute read

Victoria Araj - August 02, 2022

Teacher Next Door is just one of the many home buying programs offered to teachers for their public service. Learn about more home loan programs for educators.

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