Rocket Mortgage: How Does It Work & Is It Right For Me?

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Rocket Mortgage

The only mortgage product explicitly designed for first-time buyers who are looking to buy a home.

Do you want to buy a home but don’t have enough money saved up? Or maybe you already own a house and are looking to refinance. Either way, Rocket Mortgage could be the answer!

Rocket Mortgage is a mortgage company that allows you to get preapproved for a mortgage without visiting a bank. This means you can save time and money while getting the same level of service as if you went to a bank.

Rocket Mortgage is a new type of mortgage that has been designed specifically for first-time buyers and those who are currently.

What is Rocket Mortgage? What does it mean when I say I got a “Rocket Mortgage”? And how do I use it?

The short answer to those questions is that you can get a mortgage with no money down and no credit check. You need to prove that you have at least $25k in the bank or your home equity.

If you don’t qualify for a traditional loan, then this option may be right for you.

There are some things to consider before signing on the dotted line, though, so let’s take a look at what Rocket Mortgage is and if it’s right for you.

First off, there are two types of mortgages available through Rocket Mortgage: The first is called “Conventional Home Loan,” and the second is called “FHA Home Loan.” Both require only a 3% down payment, but they also come with different terms and requirements.

With an FHA loan, you will pay less than conventional loans, which means you’ll save more money overtime. But because you’re paying less upfront, you’ll have to make monthly payments for a more extended period of time.

A conventional loan isn’t as expensive as an FHA loan, but it requires a higher down payment.

How to get Rocket Mortgage?

1. Sign Up for Free at www.rocketrmortgage.com/getstarted

2. Fill out your information and submit it online. You will receive an email from them within 24 hours with your preapproval letter.

3. Visit a local lender or realtor and apply for a loan using your preapproval.

4. Once approved, you can close on your home in just seven days.

Who is Rocket Mortgage owned by?

Rocket Mortgage was created by former employees from Quicken Loans, Citi Bank, and Wells Fargo.

They wanted to offer a better alternative to other companies like LendingTree and Zillow.

So instead of spending time searching for mortgage options and going back and forth between websites, you can now go straight to Rocket Mortgage and fill out one form.

They’ve made the process simple and easy, and now anyone can get a mortgage without needing to spend hours researching lenders and comparing rates.

What makes Rocket Mortgage unique?

Unlike other sites, Rocket Mortgage doesn’t charge any fees. No broker fee, no processing fee, nothing.

Just a quick application, and you can start saving money on your mortgage today.

You can even get started with their app if you have an iPhone or Android device. So whether you’re buying your first home or refinancing, Rocket Mortgage could be worth checking out.

Is Rocket Mortgage right for me?

Rocket Mortgage is perfect for people who are ready to purchase their rst home. If you have never purchased a home, you might not know exactly what you need to do to save money and lower your interest rate.

But Rocket Mortgage has done all the research for you, and they’ve created a system that allows you to access the best deals possible.

It’s completely free to use, and you won’t have to worry about hidden fees when you sign up.

Plus, you can enjoy a fast approval process, and you’ll still be able to put your best foot forward when you visit your banker.

That’s why we think Rocket Mortgage is perfect for beginners. You can see how much you’d save by switching, and you won’t have any surprises along the way.

So now you have to decide whether to get a rocket mortgage or not!

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