What is deed of trust? | Rocket Mortgage
A deed of trust is an agreement between home buyers and lenders at the closing of a property. Learn about trust deeds and how they differ from mortgages.| Rocket Mortgage
A deed of trust is an agreement between home buyers and lenders at the closing of a property. Learn about trust deeds and how they differ from mortgages.| Rocket Mortgage
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
There are many types of home loans to choose from when buying a house. Learn more about the pros and cons of each type of mortgage to find the best one for you.| Rocket Mortgage
“Loan term” often refers to how much time it takes a borrower to pay off their mortgage when making regular payments. Learn more about loan term options here.| Rocket Mortgage
Underwriting is a crucial part of the loan approval process. Learn about what underwriting is, how long it can take, and tips for a successful experience.| Rocket Mortgage
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.| Rocket Mortgage
Lowering your mortgage payments can offer you financial flexibility for other things. Learn all the ways you can lower your monthly mortgage payment.| 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
Are you applying for an FHA loan? Read on to learn about the FHA mortgage insurance premium (MIP) you’ll need to pay in addition to your mortgage payment.| 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
Your loan-to-value ratio (LTV) measures your loan amount against the value of the home you're buying. Figure out how your LTV ratio is calculated.| Rocket Mortgage
A home appraisal determines the value of a home. Learn how this process works for those who are buying, selling or refinancing a home.| Rocket Mortgage
Your debt-to-income ratio (DTI) measures your total income against any debt you have. Learn what a good DTI is, how to calculate it and how to lower it.| 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
