A fixed-rate mortgage will maintain a single interest rate for the life of the loan. Explore how fixed-rate mortgages work and their various benefits.| Rocket Mortgage
Private mortgage insurance can be a tricky subject, so we broke down what PMI is, how much it costs, and how to tell whether it's the right option for you.| Rocket Mortgage
Debating if you have the funds to purchase a home? Learn how much income you’ll need to buy a house and what lenders consider when reviewing applications.| Rocket Mortgage
Your first mortgage decision will likely be whether to apply for an FHA versus a conventional loan. Learn the differences between these two types of home loans.| Rocket Mortgage
The down payment amount you need for a house depends on the type of mortgage you get and your financial situation. Read about all the factors involved.| Rocket Mortgage
A prepayment penalty is a fee some lenders charge when you pay all or part of your loan off early. Find out what triggers the fee and how to avoid it.| Rocket Mortgage
A mortgage rate lock prevents changes to your interest rate as you prepare to close. Learn about the steps you can take to lock in your mortgage rate.| Rocket Mortgage
A VA home loan is a type of mortgage financing available to qualifying veterans and members of the military community. Discover VA loan requirements and how to apply.| Rocket Mortgage
Conventional loans are a traditional mortgage option. Learn what a conventional home loan is, how it works and common lender requirements in our guide.| Rocket Mortgage
The credit score you’ll need to buy a house depends on the type of mortgage you’re applying for. Learn which loans are best for certain credit ranges.| Rocket Mortgage
A down payment is the percentage of a home's purchase price you pay up front. Learn how down payments work and how much you should put down on a house.| Rocket Mortgage
A mortgage calculator that estimates monthly home loan payment, including taxes and insurance.| www.rocketmortgage.com
Paying off your mortgage early reduces the amount that you’ll pay over time, but is it a good idea? Learn how to avoid issues and pay off your mortgage faster. Learn how to avoid issues and determine if it’s worth it.| Rocket Mortgage
Mortgage refinancing works by trading your mortgage for a newer one, ideally with a lower balance and interest rate. Learn why and how to refinance a mortgage.| Rocket Mortgage
Annual percentage rate (APR) is the rate your loan will accrue interest at over the repayment term. See how APR works on a mortgage and why it’s important.| Rocket Mortgage
Adjustable-rate mortgages offer low introductory interest rates that change over the life of a loan – with limits. Find out whether an ARM is right for you.| Rocket Mortgage
Escrow is important to estate transactions, but what is it? Read our deep dive into escrow, how it works and why it matters when buying or selling a home.| Rocket Mortgage
An FHA loan is a government-backed loan that allows you to buy a home with less strict financial requirements. Learn more about FHA loans and if you qualify.| Rocket Mortgage
For a home buyer, closing costs are typically 3% – 6% of the loan amount. Learn more about how to calculate your closing costs and what’s included in them.| www.rocketmortgage.com
A mortgage point is a fee you pay to help lower the interest rate on a mortgage. Using this guide, learn more about discount points and how they work.| Rocket Mortgage
Property taxes are paid to local governments to help cover the cost of community services. Discover how to calculate property taxes with our guide.| Rocket Mortgage