How To Refinance a Home Using Rocket Mortgage | Quicken Loans

welcome to rocket mortgage by Quicken Loans the world's first completely online way to refinance your mortgage now before we get into the details of how rocket mortgage works 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 user name 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 solution 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 in 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 okay 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 why you've got an intelligent accurate mortgage solution with a rate that's 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 you sign a few documents and move forward but if you want to take some time and think about it that's okay too rocket mortgage works on your timeline there's no commitment and you're always in control one last thing if you ever get stuck or have a question you can always chat online with a home loan expert who is specially trained to guide you through the entire rocket mortgage process with ease that's it all that's left is to push button get mortgage

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