Let’s talk about a couple of things you’re probably very interested in: your rate and your fees. When you see a mortgage rate advertised, there are a lot of assumptions that go into the numbers – the points you would pay, your credit score, your debt-to-income ratio and more. You’ll have to dig to get the real numbers you thought you were getting in the first place. Rocket Mortgage is different. It gives you a real, accurate and personalized mortgage solution based on your unique financial situation. In other words, you get a lot more than just an estimate or teaser rate and with Rocket Mortgage, there are no hidden fees or hassles. So let’s get right into how Rocket Mortgage works. You start your Rocket Mortgage process simply by creating an account. Just pop in your name, email, username and password, and you’re on your way. Next, you’ll select the main reason you want to refinance. Choosing your priority helps Rocket calculate the right solutions for your financial needs. Once you pick your priority, it’s time to talk about your current mortgage.
You’ll enter your monthly payment, your mortgage balance and how much you think your home is worth today. You’ll then answer a few simple questions about your home and your personal situation. Here’s a time-saver you’ll appreciate: If you give Rocket Mortgage your address, it will automatically fill in all your property data for you so you don’t have to. Tax info, insurance – it’s all done. Here’s another way Rocket Mortgage simplifies your mortgage process. Instead of you having to track down your bank statements and manually enter the info, Rocket Mortgage does it for you. It integrates with your bank digitally, so there’s no paperwork. This fast, easy process saves you time and gives you a more accurate mortgage solution. Plus, by verifying your info now, you can speed up the rest of the mortgage process. Next, you’ll answer a few questions from Uncle Sam. Here’s why this step is necessary:
Rocket Mortgage conforms to all industry guidelines, which means you get the confidence that comes with a real mortgage solution, not just a teaser rate or an estimate like you get from a mortgage calculator. , now we’re getting to the home stretch. The next thing Rocket does is securely review your credit to make sure you’re qualified and then you’ve got an intelligent, accurate mortgage solution with a rate that customized specifically for you. Oh, and if everything isn’t exactly the way you want it, you can change things up by customizing your rate, costs and term to see different payment options. At this point, if you’re comfortable with your solution, you can find out if you’re approved. From there, go ahead and lock your rate, e-sign a few documents and move forward. But, if you want to take some time and think about it, that’s OK, too. Rocket Mortgage works on your timeline. There’s no commitment, and you’re always in control.