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
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
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
A floating interest rate fluctuates over your loan’s term, changing your mortgage payment amount. Read on to learn about floating rates and how they work.| 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
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
The best way to pinpoint the right mortgage lender for you is to ask plenty of questions. Read through these 14 essential ones to get you started.| 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
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
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