If you’re buying a home, you’ll need to know how mortgage interest will work with the loan you choose. Learn the basics of mortgage interest and why it matters.| Rocket Mortgage
Amortization schedules your mortgage payments and tracks what the money goes toward. Learn how amortization works in real estate for different loans| Rocket Mortgage
A mortgage recast is when you make a lump-sum payment toward your principal balance to reduce your monthly payments. Learn how mortgage recasting works.| 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
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
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
Making principal-only payments on your mortgage can save you on interest over time. Learn how to make a principal-only payment and pay off your loan faster.| Rocket Mortgage