Rocket Money and Rocket Mortgage Have you ever heard of Rocket Money and Rocket Mortgage? If you haven’t, don’t worry! In this article, we will explore what Rocket Money and Rocket Mortgage are all about and how they can benefit you. What is Rocket Money? Rocket Money is a financial service offered by Rocket Companies,…
Yes, someone can be on the mortgage but not the deed. This scenario often occurs when a person is responsible for making mortgage payments but is not listed as a legal owner of the property. This arrangement can have implications for ownership rights and financial responsibilities. Being on the mortgage but not the deed means…
Previous Employer Will Not Verify Employment for Mortgage When applying for a mortgage, one of the essential documents that lenders typically require is verification of employment. This helps them assess your income stability and ability to repay the loan. However, there are instances where your previous employer may refuse to verify your employment. In this…
Yes, you can remove escrow from your mortgage. To do so, you will need to meet certain criteria and follow the specific procedures outlined by your mortgage lender. Removing escrow from your mortgage may require paying off a certain portion of your loan, establishing a strong payment history, and meeting other financial qualifications. It’s important…
Wells Fargo Mortgage Prepayment Penalty Are you considering paying off your Wells Fargo mortgage early? Before doing so, it’s important to understand the concept of a prepayment penalty. In this article, we will dive into what a prepayment penalty is, how it works, and what you need to know as a Wells Fargo mortgage holder.…
One of the biggest financial decisions you’ll face is whether to focus on paying off your student loans or your mortgage first. Both have their pros and cons, and the best decision for you will depend on your specific circumstances and financial goals. Understanding Student Loans Student loans are often a significant financial burden for…
Yes, it is possible to get a mortgage with unpaid collections. The Impact Of Unpaid Collections On Mortgage Approval The Impact of Unpaid Collections on Mortgage Approval Mortgage lenders take many factors into consideration when approving a loan, and unpaid collections can have a significant impact on your mortgage approval. One of the main credit…
The Mortgage Market is So Bad Lenders – Blog Post Do you feel frustrated by the current state of the mortgage market? You are not alone! The mortgage market has been experiencing some challenges lately, and it’s affecting both lenders and borrowers. In this blog post, we will dive into the reasons why the mortgage…
Yes, you can transfer a mortgage to a family member. Transferring a mortgage to a family member involves a process where the existing borrower assigns the mortgage debt to another family member who assumes responsibility for the mortgage payments and continues the loan under their name. This arrangement allows the family member to take over…
Is 3.25 a Good Mortgage Rate for 30-Year? When it comes to getting a mortgage, finding the right interest rate is crucial. A lower rate can save you thousands of dollars over the life of your loan. But what exactly is considered a good mortgage rate for a 30-year term? Let’s dig in and find…