ROCKET MORTGAGE
OVERVIEW
Rocket Mortgage by Quicken Loans was established in 2015 to simplify the mortgage application process through technology. This service was created to cater primarily to prospective homeowners and real estate investors seeking a fast, accessible, and clear path to obtaining mortgages. It targets individuals who prefer handling their financial transactions online, offering a streamlined, user-friendly platform. Rocket Mortgage helps users by providing instant online loan applications and real-time updates on the application status, thereby making the mortgage process quicker and more efficient. The costs associated with using Rocket Mortgage vary depending on the type of mortgage and the specifics of the borrower's situation, including credit score, down payment, and the purchase price of the home. Generally, users can expect to pay typical mortgage-related fees, which may include origination fees, closing costs, and possibly service charges. Rocket Mortgage provides an online calculator to help users estimate these expenses based on their individual circumstances, ensuring transparency in the potential financial commitment involved.
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