The principal is the amount of funding borrowed for your loan, while interest is the money paid for use of the loan. Learn how these components interact.| 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
Home equity is the value of the portion of your home you own. Discover the multiple ways to tap into that equity and how to calculate it.| Rocket Mortgage
A fully amortized loan isn’t as confusing as it may sound. Read about how fully amortized loans work, what they’re for and what the payments consist of.| Rocket Mortgage
Mortgage lenders require homeowners insurance, which reimburses you if your home is damaged or destroyed. Learn how to choose the right policy for your home.| 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
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
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