Reddit rocket mortgage

He’s looking to use rocket mortgage to finance his 1st house (I’m aware of the horror stories surrounding using them) I’m gonna get him to use a local lender that I know. To cut to the chase he was saying how the loan officer at rocket was giving him advice on how to bid on a house he hadn’t seen at all. Telling him to go $30k over ...

Rent is basically a mortgage. Not sure which mortgage type/etc. to pursue and saw the 1% Rocket Mortgage loan that covers PMI…why wouldn't we do that, save the cash for an emergency…and try and make extra payments towards principal each month? No debt minus 40k of student loan debt that's about to be $400-500/month for me.Fuck the 3rd party lenders. If it’s not too late, go straight to a bank like Citi Bank. They’ll probably give you a better rate. People like Rocket Mortgage are just middle men who have to mark everything up to make money. I’m about to close on a $1.35 home and pay $25k closing costs. Our Verdict. Rocket Loans offers unsecured personal loans between $2,000 and $45,000. It may appeal to a wider audience of borrowers because of the lower credit score requirements compared to ...Rkt will capitalize on this. They have speedy closing times, so people can get their money fairly quickly. Yeah, but it's undervalued even with the forecasted decline. They announced a ~5% special dividend, the margins and cash flows are good, and even with rates rising a bit they're still not exorbitant.Rocket Mortgage - Great Experience You do not need to be afraid of Rocket Mortgage. I've seen mostly horror stories on here about the home buying process with RM as the lender, but I closed on Friday with a flawless experience. I started my application on Oct 13. I made an offer on Nov 2.Pay it all back at the end of the forbearance (Three months' worth plus that month's payment!). 2. Create a new loan and a new payment to pay on top of the mortgage until it's paid back. 3. They will modify the loan to absorb the outstanding balance (this is cool, they would basically lower the interest rate to make the payment stay about the ... Agent gave A cake, a welcome home package with rugs, whiskey, towels and wash cloths. Home Depot gift card, target gift card and an actual card. Lender gave us an engraved board with our last names. 4.

Just got an offer from rocket mortgage for an swe internship. A bit wary though, since its only $19/hr and i would have to relocate to Detroit. Relocation, housing, and travel is provided but im unsure if im willing to do this. Especially since Detroit doesnt exactly have the best reputation when it comes to safety.BUT, got 2.8 % mortgage, and exactly a year later, we would have spent more in renting than on our mortgage, and we have equity now. Finally, by the most conservative valuation calculator, our home is worth 5-10% more than when we purchased. By the most generous calculations (zestimate), it is worth 20%+ more. Sep 21, 2023 · Rocket Mortgage, renamed from Quicken Loans in 2021, offers a variety of home loan options and is the nation’s No. 1 FHA lender, helping borrowers short on down payment cash. Mortgage interest ... Rocket has appealed my unemployment and flat out lied in the hearing about several things. They said there was still work available to me at that time and that I wasn't being forced to mortgage banking if I didn't take the agreement. They said I could "possibly" get moved to mortgage banking or the mortgage servicing dept if the mortgage ...June 26, 2023. Rocket Mortgage. Overall Rating: Get Started. securely through Rocket Mortgage's website. Rocket Mortgage is one of the best mortgage lenders on the market, making it easy to apply ...I have my mortgage through them so I get free access. Overall I like it but not as a daily driver for budget. It's good on analytics and aggregation but for in the moment data DAS is my tool.1 Based on Rocket Mortgage data in comparison to public data records. Rocket Mortgage, 1050 Woodward Ave., Detroit, MI 48226-1906 NMLS #3030. Go here for the Rocket Mortgage NMLS consumer access page. ©2000-2023 Rocket Mortgage, LLC. ...Members of the WSB Reddit group spoke of buying Rocket, and nearly 40% of the company's shares were sold short, making it a prime target for a short squeeze. ... Mortgage companies like Rocket ...

Rocket Mortgage states that credit scores as low as 580 may qualify for a loan, but it will depend on your situation. Your options include 30-, 25-, 20- and 15-year fixed-rate terms as well as five-year ARMs. If you qualify, you can buy a home with as little as 3.5% down.View community ranking In the Top 5% of largest communities on Reddit. Rocket Mortgage steals from Progressive. This thread is archived New comments cannot be posted and votes cannot be cast comments sorted by Best Top New Controversial Q&A More posts you may like. r/CommercialsIHate ...DETROIT — A severe storm on Jun. 25 knocked down trees and damaged parts of the Detroit Golf Club, site of this week's Rocket Mortgage Classic on the PGA Tour. Detroit Golf Club got rocked by ...As of November 2021, Rocket Mortgage charges a flat processing and underwriting fee of $1,250. In comparison, Bank of America charges a flat origination fee of $1,365. It may not seem like a huge difference, but the total cost of a mortgage is an important factor when shopping around for a lender. Favorable customer reviews.Working at Rocket Mortgage. Executive Account Resolution Specialist (Former Employee) - Detroit, MI - October 5, 2023. *Typical day at Rocket: The work environment is very pleasant most days. Very inclusive of all walks of life. My job was stressful but also very rewarding. *I learned how terrible people really are with their money lol.

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The conversation continued with, Your mortgage is going up, so it went from $800 and something to $1500 and something. My attorney has sent a letter out to Rocket Mortgage and they said in the ...The Bottom Line: Refinancing After Divorce May Be Necessary. A refinance is a tool you can use to release one spouse’s liability from the loan or divide your equity. If you decide that a refinance is right for you, you can get started online with Rocket Mortgage. Fill out an application to see your mortgage options and get an instant approval ...You have the chance to refinance your loan with the same terms and an interest rate of 4%. If you don't refinance, you pay $77,753.84 in interest by the time your loan matures. If you take the refinance, you pay $68,152.95 total in interest. Lowering your interest rate just 0.5% means you'll save over $9,601 in interest over the life of the loan.Rocket and AmeriSave are good lenders but you'll actually save more with a discount mortgage broker because they have access to wholesale mortgage rates. Rocket Mortgage has really low wholesale rates because they're in a battle with UWM but you can only get their wholesale rates through a broker. 1.

Yesterday, Rocket Mortgage (NYSE: RKT) stock spiked 70% as members of Reddit's r/WallStreetBets turned their attention to the Detroit-based online mortgage firm. With that, we saw several...Quicken/Rocket Mortgage is also notorious for advertising rates that come from <75% LTV (which is cheaper than an 80% LTV that most people are looking for) and quoting 2 points on their rates. Its extremely deceiving when you see their 2.625% rate and they say "oh closing is $4500", and their competitor has 2.875% and a $700 closing fee.Rent is basically a mortgage. Not sure which mortgage type/etc. to pursue and saw the 1% Rocket Mortgage loan that covers PMI…why wouldn't we do that, save the cash for an emergency…and try and make extra payments towards principal each month? No debt minus 40k of student loan debt that's about to be $400-500/month for me.Rocket Mortgage is an online lender with four branch locations in Charlotte, Cleveland, Detroit and Phoenix. How to Apply. Borrowers can apply online. Phone support is available from 5:00 a.m. PT ...If you no longer want to receive marketing or promotional information from Rocket Mortgage, choose which communication methods you'd like to opt out of below, then enter your information. Remember, if you opt out, we won't be able to let you know about special discounts or offers on products and services that might benefit you. If the ...Average Investor wrote: I am closing on a mortgage with Schwab/Rocket today! I chose Schwab/Rocket primarily because they offered an asset-based loan (I could not qualify based on W2 type income). Process was easy and quick, rate was decent -- I locked 1.875% 15 year fixed but ended up going to 2.125% with no costs.PMI removal request denied, so ridiculous. I submitted a request to Rocket Mortgage to have our PMI removed. They sent an appraiser to see if our home has surpassed the value in which PMI is no longer mandatory. In our case, $275,245.80 is the value necessary to remove the PMI. So the appraiser came and spent about 15 mins walking around taking ...Use a local mortgage lender or local bank. I applied for a $320k house, 20% cash down, I was told my loan would have to close with me coming to the table with $20k; $5k for buying a rate down from 4.5 to 4.25, $5k for the seller fees, and $10k in loan costs. That's insane.Rocket Mortgage offers the Jumbo Smart loan. With a Jumbo Smart loan, you can borrow up to $3 million. To qualify, you'll need a down payment of 10.01% for a loan amount up to $2 million. (or 15% if you're buying a multifamily home .) You'll need a down payment of 25% up to $2.5 million and 35% up to $3 million.Say you spent $5,000 on your Rocket Visa Signature card and earned 25,000 points. You can redeem these rewards for either: $250 towards closing costs or a down payment with Rocket Mortgage (5% ...

The 2.875 no points is definitely possible. It sounds like the 3.25 is a retail lender whereas the 2.875 is a broker. If they haven't ran your credit none of their numbers really matter. 3. thatatcguy1223 • 2 yr. ago. Get everything in writing. It feels "guilty" but having 2 lenders going head to head up til closing is the honest best ...

Rocket Companies (ticker RKT) is Rocket Mortgage, the online mortgage broker launched by Quicken Loans in 2015. RKT had their Q4 earnings released today, and as of market close were trading at $19.90, and $20.90 as of this post during AH. First, let me briefly mention that RKT has been shorted like CRAZY and as of the last Short Interest report ...Rocket will match 2% to your 1% and iirc no pmi, at a 30 year fixed and pretty much market interest rates. So it's essentially a 3% down loan and rocket matches the rest. You also need to be below your areas median income by X amount. For my situation my budget is roughly 350k and I want to do 3% down so $10,500 and I could roll buying and ...You make 75,000 annually or 6,250 a month A 500,000 loan at 6.5% is 3,160 a month. I would estimate your taxes as high as 520 a month, but I know many lenders wouldn't. So even if say all in you're looking at $400 in other PITI costs + $700 for your auto loan you'd be at $4,260 a month in total liabilities / $6,250 which would be a 68% DTI.Only thing I could see is that the lender could charge a higher rate still pay 10% (but OP would still be paying PMI). My mortgage broker gave us two options since we only wanted to put down 5%. 3.516% and we pay PMI upfront (8k) or 3.875% and they pay PMI. Not LPMI because once we hit 20% equity, it goes away.VA Appraisal Fee. In any home purchase, you’ll likely have to pay an appraisal fee. But when you choose a VA loan, there is a specialized VA appraisal fee. You should expect to pay $425 – $875 for a VA appraisal fee, which will …Rocket Mortgage is a digital mortgage firm using Lendesk’s Spotlight as its lender submission platform in Canada. Their goal is to give Canadian home buyers a trusted, transparent and convenient mortgage experience. The company rebranded in 2022 from Edison Financial to Rocket Mortgage Canada, doing business as Rocket Mortgage.Furthermore, lender origination fees are usually anywhere between 0.5% and 1% of the loan amount plus any mortgage points associated with your interest rate. To put an actual number to that, let’s say a borrower has a $300,000 mortgage approval. The origination fee would be anywhere from $1,500 – $3,000.

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. At a glance NMLS: 3030 Editor's take Rocket pioneered the all-online mortgage application, and it still sets the standard in many ways. It's ideal for borrowers looking to easily compare...View community ranking In the Top 1% of largest communities on Reddit Is it safe to walk from Rocket Mortgage Fieldhouse to Comfort Inn Downtown alone at night? It's only a 12-minute walk, but I've never been to Cleveland.The first rocket to go into space was created by a team of German scientists, led by Wernher von Braun. It was a V-2 rocket used by Germany in World War II. Von Braun and many important members of his team had surrendered to the United Stat...Adding my voice to this - Rocket Mortgage has been great. Local Brokers and Loan Officers have been horrible. Lost Paperwork, Pre-Approval Letters coming late resulting in losing the house, etc, etc. Rocket Mortgage has been solid. On refinances for FHA they take a little longer and such in terms of communication. But beyond that, they've been ...Reverse Mortgages are convenient loans that give you cash using your home’s equity. Some people find these loans help them, but they can lack the flexibility others offer. In order to decide whether a reverse mortgage is ideal for your circ...Jul 19, 2022 · Rocket Mortgage vs. Your Local Bank for Mortgage Loans: An Overview . Since the dot-com boom of the late 1990s, online mortgage companies have become an increasingly significant force in the home ... DO NOT WORK FOR ROCKET MORTGAGE. I’ve been at rocket mortgage since March 18th and I’m currently in the process of finding a new job because I’m so sick of their micromanaging bs they really wanna tell me A GROWN ASS MAN how much I can and can’t use the bathroom smh and not only that the hours are bullshit I’m working 45 sometimes 50 ...On Trustpilot, Rocket Mortgage has over 4,200 customer reviews and an average rating of 3.8 out of five stars, as of October 2022. Borrowers praise its easy and quick loan process, though some ...You only need to have a credit score of 580 in order to qualify for an FHA loan with Rocket Mortgage ®. You may be able to get an FHA loan with a score as low as 500 points if you can bring a down payment of at least 10% to your closing meeting. Rocket Mortgage doesn’t offer FHA loans with a median credit score below 580 at this time. ….

Rocket Mortgage Have you ever heard of Rocket Mortgage? We just made an offer on a house yesterday and the buyers realtor asked us if we would be willing to …Only thing I could see is that the lender could charge a higher rate still pay 10% (but OP would still be paying PMI). My mortgage broker gave us two options since we only wanted to put down 5%. 3.516% and we pay PMI upfront (8k) or 3.875% and they pay PMI. Not LPMI because once we hit 20% equity, it goes away.BUT, got 2.8 % mortgage, and exactly a year later, we would have spent more in renting than on our mortgage, and we have equity now. Finally, by the most conservative valuation calculator, our home is worth 5-10% more than when we purchased. By the most generous calculations (zestimate), it is worth 20%+ more. Quicken Loans actually pays on conditional approval, not funding. It used to be just rate locks at one point too. It's a tiered system that's based on your title and the market. Quicken Loans pay is definitely below average for the amount of hours you are required to work. Expect minimum 55 - 65 hr weeks.Rocket Mortgage lands on the docket yet again, facing another class action lawsuit against a man named Marlon Romero. Romero alleges that Rocket Mortgage sent a text message to him that read: "Hello! This is Eric Decuyper, from Rocket Mortgage. As the #1 lender in America, we are running a special for the lowest rate and fee combination the ...Apply To Buy A Home Apply To Refinance. 2 Client will be required to pay a 1% down payment, with the ability to pay a maximum of 3%, and Rocket Mortgage will cover an …better.com beat rocket/quicken by $6000 in costs on a $250k 3.75% refinance. the rocket/quicken guy emailed to say he can't compete with it when I showed him my rate locked disclosure and I should move forward on better.com's. the other 6 lenders I shopped it to also couldn't beat it but rocket/quicken was by far the most expensive. others were ...There are a lot of factors that go into answering this question. Example: you may have a real estate agent who works for a real estate broker and makes only ...I'm long term bullish on RKT too. Non banks, in particular RKT, have crushed mortgage originations and refinance in last 7-8 years. Due to stricter guidelines, credit requirements and regulations large banks are struggling to keep up with these non banks who don't have to comply with same set of regulations. Reddit rocket mortgage, [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1], [text-1-1]