Rocket Mortgage Review – Quick Application Process and Competitive Rates

Rocket Mortgage Review – Quick Application Process and Competitive Rates

Formerly known as Quicken Loans, Rocket Mortgage is one of the best-known mortgage lenders in America, thanks in part to a comprehensive advertising campaign. But does it live up to the hype, and does it outperform its more conventional competitors? Let’s dive in and see what Rocket Mortgage does – and doesn’t do – and…

30 Year vs 15 Year Mortgage – Picking the Right Home Loan
|

30 Year vs 15 Year Mortgage – Picking the Right Home Loan

Shopping for a new home can be fun. You get to drive around town, check out different homes, and decide what will work best for you. Shopping around for a mortgage? Slightly less fun. But, still, it’s what you need to do if you want to make sure you’re getting the best possible deal on…

What Size Down Payment Do You Need to Buy a Home?

What Size Down Payment Do You Need to Buy a Home?

When we bought our first home back in 1993, we did so with a down payment of 5%. A decade ago, you could even find home loans that didn’t require any down payment. Since the real estate market crash, though, lenders have tightened their underwriting requirements. Today, interest rates on mortgages are soaring and zero-down…

6 Reasons You Should Never Pay Off a Mortgage Early (and 1 Reason You Should)

6 Reasons You Should Never Pay Off a Mortgage Early (and 1 Reason You Should)

So much of the financial advice being given recommends paying off a mortgage early. It’s a tempting idea because there’s no better feeling in the financial world than owning the home you live in outright. But is that the right strategy for everyone? I would argue that it isn’t, and here are six reasons never…

5 Ways to Calculate “How Much House Can I Afford?”
|

5 Ways to Calculate “How Much House Can I Afford?”

If you’re looking to buy a new home – particularly if it’s your first home – you’re probably asking yourself a few big questions. “How much house can I afford?” is likely at the top of that list. It makes sense, too, as this is a pretty significant concern. Ensuring that you can not only…