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Since Rocket MortgageSM by Quicken Loans launched nearly a year ago, Americans in all 50 states have used it to close more than $3 billion worth of home loans. Clients love how Rocket Mortgage provides a simpler, easier and all-online mortgage process. Here’s how you can get the most out of Rocket Mortgage if you’re using it to refinance.

1.     Be Prepared to See Real Rates and Fees

Most mortgage rates you see advertised aren’t accurate because they’re built on a lot of assumptions – the points you would pay, your credit score, your debt-to-income ratio and more. Rocket Mortgage is different because it lets you get a real, custom mortgage solution with rates and fees based on your unique financial situation. That’s why Rocket Mortgage asks you to create a secure account and provide personal financial information.

2.     Automatically Find and Share Your Financial Info

Imagine refinancing your home without having to find, fax, scan, upload or email your bank statements or pay stubs. Well, with Rocket Mortgage, you can! Rocket Mortgage integrates with your bank so you can share your live bank account balance and income information in real time.

So when you get to the page that lets you search for your financial info automatically, make sure to take advantage of it. Sure, you could take the time to enter all those numbers manually, but choosing the automatic option means less work for you as well as a faster and easier mortgage experience. It also ensures the most accurate mortgage solution possible.

3.     Be As Detailed As Possible

The accuracy of your Rocket Mortgage refinance solution depends on the information you enter. Using the automatic share feature helps with accuracy, but knowing your numbers helps too.

For example, entering your exact current monthly payment and interest rate, or an estimate of your home’s current market value, makes sure that the system can calculate whether or not we can help you meet your refinance goal. The more accurate information you can enter, the better.

4.     Adjust and Choose the Refinance Solution That’s Right for You

When you use Rocket Mortgage to refinance, you can customize your loan term as well as your interest rate and costs. If Rocket Mortgage can’t find a solution that helps you meet your main refinance goal, it will make a suggestion that offers the best benefit for you based on your situation.

5.     Talk to an Expert by Phone or Chat

If you ever have a question or get stuck, you can chat with a Home Loan Expert who is specially trained to guide you through the Rocket Mortgage process with ease. You deserve to be confident that you’re getting the refinance loan that’s exactly right for you, so don’t hesitate to reach out during normal business hours to ask a question or get advice. There’s a “Talk to Us” button on every screen.

 

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This Post Has 14 Comments

  1. I OWN 9 SINGLE FAMILY HOMES..ALL ARE RENTED WITH LONG TERM TENANTS AND I HAVE OWNED THEM FOR AS LONG AS 28 YEARS…THE MOST RECENT I BOUGHT IN 2008 AT AN AUCTION..

    I WANT TO REFINANCE my personal residence and put AN ADDITIONAL $100,000 CASH DOWN AT CLOSING…SO THIS WILL BE A R & T REFI AT ABOUT 65% LTV..
    DO YOU CARE THAT I HAVE 9 RENTALS?????

    ALSO..DO YOU DO 40 YEAR AMORTIZATIONS ON PRIMARY RESIDENCES? just curious

    MICHAEL

    1. Hi Michael:

      Since you’re looking to refinance your primary residence, it doesn’t matter how many other properties you own. If you would like to get started online, you can do so through Rocket Mortgage or go ahead and give one of our Home Loan Experts a call at (888) 980-6716. I can tell you that at this time, the longest term we offer is 30 years. Thanks!

  2. I am a real estate agent and investor.
    We have 6 houses we rent out.
    All good cash flow.
    All 2007 or newer.
    Most with 50% equity.
    all with 3.5 to 4.25 % mortgages.
    I would like to refi all or some to pull out equity to buy more houses.
    Can you help me?

    1. Hi Jim:

      Investment properties are not something we handle through Rocket Mortgage at this point. However, one of our Home Loan Experts can certainly help you look into your options if you fill out this form or give us a call at (888) 980-6716. Hope this helps!

      Thanks,
      Kevin Graham

    1. Hi Mauricio:

      We don’t do stated income. Bank statements are one of the ways we verify income. At this point, we still use W-2s and tax returns as well. Hope this helps answer your question.

      Thanks,
      Kevin Graham

  3. I found that quicken loans interest is higher than others. We currently got offer for 2.75 can quicken beat that rate

    1. Hi Monica:

      Rates depend heavily on the type of loan you’re looking for, the term and any number of other factors. That said, I’m going to give you our rates page. However, since every situation is unique, I would love for you to talk to one of our bankers to go over your situation. You can fill out this form or call (888) 728-4702 and we would be happy to chat.

      Thanks,
      Kevin Graham

    1. Hey Billy:

      You can roll closing costs into a rate-term refi. There’s no specific equity requirement I can give you. It all depends on the loan and how it’s structured. If you’re working with Rocket Mortgage, you can customize the loan structure somewhat to minimize upfront cost when you are shown your personalized solution. Hope this helps!

      Thanks,
      Kevin Graham

  4. I ‘m trying to refinance my home and combine the 1st and 2nd mortgages I’m mortgage thru Specialised Loans currently. Total I owe aound 103,000. The last appraisal in 2006 was $135,000. I don’t want to get caught up in appraisals and other fees out of pocket.
    Please let me know if you can help. Thank You

    1. Hi Lenor:

      Many refinance options require appraisals, but not all of them. I’m going to recommend you talk to one of our Home Loan Experts to go over your options. You can get in touch at this link or call (888) 728-4702.

      Thanks,
      Kevin Graham

  5. I did try Rocket but found your rates .375 higher than my bank for a refinance. Was surprised. Still thinking about if we want to refinance or purchase a second home

    1. Hi Ron:

      I’m going to have someone reach out and see if we can find the best option for your situation. If after that, you don’t think that we are the way to go, that’s fine. I would love for you to at least talk to someone about alternatives, though.

      Thanks,
      Kevin Graham

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