Buying your first home can be an exciting but intimidating experience. It’s likely one of the largest purchases you’ll make in your life, so it’s important to budget and prepare adequately so that you maintain a cushion in your savings and don’t expose yourself to too...
ROCK MORTGAGE
BlogJumbo Loan Requirements in Texas
If you're considering purchasing a home in Houston worth significantly more than $650,000, you're going to need to learn about jumbo loans. These loans are different from traditional mortgages because they're designed for buyers of high-priced homes. The requirements...
How a Cash-Out Refinance Can Be Beneficial
There are many reasons that someone may wish to refinance their mortgage. With today's home values rising sharply, an increasingly popular reason is to borrow against a portion of the equity in your property to convert it to cash. This is commonly referred to as a...
Best Loans for Your First Home Mortgage
The Best Loans for Your First Home Mortgage As a first-time homebuyer, you might feel like you're behind the curve when it comes to the intimidating new world of home financing. The reality couldn't be further from the truth. If you have never purchased a home before,...
Can Your Credit Score Affect The Home Buying Process for an FHA loan?
FHA loans are one of the most popular loans for homebuyers because they have various benefits such as: Having low requirements Being insured by Federal Housing Administration (FHA) Lower down payments (allowing you to borrow up to 96.5% of the home’s value) But can...
What are the requirements for an FHA Loan in Texas?
A mortgage insured by the Federal Housing Administration can help you buy a home with less-than-perfect credit and a down payment as low as 3.5%. The government backing of these loans allows lenders to offer financing to borrowers who may not qualify for conventional...
What is PMI/MIP?
Mortgages have been around since the late 1800s and they were primarily made by your local banker; the vast majority of these loans were 1–5-year terms with 50% down and your rate was rarely fixed. That all changed in 1934 when the government got involved and created...
What are the requirements to apply for a VA mortgage loan?
VA mortgage loans are funds that help service members, veterans, and surviving spouses become homeowners. These programs often have low-interest rates and rarely require a down payment. VA loans enable participants to buy, build, repair, retain, or adapt homes for...
FHA Loan Vs Conventional Loans: Find Out Which Loan is Best for You
Have you ever compared FHA loan vs conventional loans? Most people don’t know the difference, and never really worry about it until they choose to look into buying a home, especially if you’re first-time home buyers. There are many similarities in loans on the market...