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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