While Rocket Mortgage is a well-known lender in the U.S., it’s also a mortgage brokerage in Canada offering loans for purchases, refinances and renewals.
Rocket Mortgage offers both cash-out and rate-and-term refinancing. If you refinance within three years of taking out your original home loan, its Rate Drop Advantage policy allows a portion of your closing costs to be refunded should rates go down. Credit score: You need a credit score of...
Rocket Mortgage has a minimum credit score of 580 for VA loans, which is lower than many VA lenders. These loans also require no down payment or mortgage insurance. Jumbo loans: Jumbo loans are those that exceed the limits set for conforming loans. Rocket Mortgage offers jumbo loans of up ...
Rocket Mortgage’s “Welcome Home RateBreak” Unlocks the Door to Lower Mortgage Payments and Thousands in Savings for Homebuyers Read now View more Press Releases Sign up for our newsletter! Stay up-to-date and get important Press Releases from Rocket Companies....
Rocket Mortgage offers home equity loans for primary and secondary residences. The lender’s HELOANs could be right for you if you have a vacation home or investment property with equity you want to access. If you have a credit score of 740 or higher, you may be able to borrow up to ...
Until mid-2022, Rocket Money was known as Truebill. Rocket Companies, which also runs Rocket Loans, Rocket Mortgage, and LowerMyBills.com, acquired the money management app and renamed it Rocket Money. Shortly thereafter, the Truebill brand was sunset. ...
While low capital requirements mean strong growth in good times, they can bankrupt a company in bad times (as banks realized during the 2008 financial crisis). Even mortgage originators aren’t immune. “The business of servicing mortgages can become capital-intensive if a mortgage goes bad,”ex...