Home buyers can get the lowest mortgage rate available, even when market rates are trending high. Uncover 9 tips for how to get the best mortgage rate.| Rocket Mortgage
What is SOFR, and how does it affect your mortgage interest rate? Learn more about how lenders use the Secured Overnight Financing Rate to set interest rates.| 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
A mortgage amortization schedule shows a breakdown of your monthly mortgage payment over time. Figure out how to calculate your mortgage amortization.| Rocket Mortgage
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
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
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
Buying a house involves many steps, so we broke it down for you. Get educated and avoid obstacles by checking out our comprehensive guide on how to buy a house.| Rocket Mortgage
Mortgages help people buy homes, allowing millions to achieve a coveted milestone. Explore what a mortgage loan is, how it works and how to get one.| 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
Mortgage insurance protects lenders against default on home loans. Learn more about the different types of mortgage insurance, how much it costs and more.| 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
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
Wondering whether itemizing your mortgage interest deduction will lower your tax payment? Find out what you should know about mortgage interest deductions here.| Rocket Mortgage