How much are closing costs on a Rocket Mortgage?
According to Rocket, total closing costs are usually between 3% and 6% of the loan amount. Typical costs include: How does Rocket Mortgage work? The entirely online mortgage process lets you work with homebuying experts from the comfort of your current home.
Is Rocket Mortgage a good lender?
Unlike many lenders, Rocket Mortgage services most of the loans it originates, except for jumbo loans. So, if you get your loan from Rocket Mortgage, there’s a good chance you’ll also make your payments to Rocket Mortgage. It also services some other originators’ loans.
What is the difference between a loan officer and a lender?
While the loan officer is the person who works with you, the lender is the institution that initially funds the loan. A mortgage lender can be a bank or non-bank organization, like Rocket Mortgage ®.
How does the BBB rate Rocket Mortgage?
The BBB gives Rocket Mortgage an A+ rating, but this rating isn’t based on customer reviews. It’s based on how the company responds to complaints, its time in business, size and other factors.