download rocket mortgage refinance rates

Rocket Mortgage is giving homebuyers more flexibility in their payment for the first year – a time when they are usually buying new furniture, décor, making improvements or customizing the home to fit their style. The homeowner in this illustration would save a total of $2,972.40 in the first year of their loan. With Rocket Mortgage's Inflation Buster lowering the client's payment by one percentage point for the first year, however, their payment would drop more than 10% to $2,086.59. Combined, these put buyers in the driver's seat with unmatched benefits.'Īs an example, a homebuyer with a $400,000, 30-year fixed mortgage with 5.75% interest would traditionally pay $2,334.29 in principal and interest. 'The Inflation Buster pairs perfectly with Rate Drop Advantage program which covers many of the costs to refinance when interest rates fall. 'Rocket Mortgage is committed to creating solutions to combat today's high inflation, making home purchases more affordable,' said Bob Walters, CEO of Rocket Mortgage. During the first 12 months, the homeowner will make the reduced mortgage payment and Rocket Mortgage will cover the difference automatically. The lower rate is accomplished through a special escrow account established and fully funded by Rocket Mortgage. Rocket Mortgage is America's largest mortgage lender.

Download rocket mortgage refinance rates