How To Refinance a Home Using Rocket Mortgage | Quicken Loans

Welcome to Rocket Mortgage
by Quicken Loans, the world’s first completely online
way to refinance your mortgage. Now, before we get into the details
of how Rocket Mortgage works, let’s talk about a couple of things
you’re probably very interested in: your rate and your fees. When you see a mortgage rate advertised,
there are a lot of assumptions that go into the numbers – the points you would pay,
your credit score, your debt-to-income ratio and more. You’ll have to dig to get the real numbers
you thought you were getting in the first place.
(beeping) Rocket Mortgage is different. It gives you a real, accurate
and personalized mortgage solution based on your unique
financial situation. In other words, you get a lot more
than just an estimate or teaser rate. And with Rocket Mortgage,
there are no hidden fees or hassles. So let’s get right into how
Rocket Mortgage works. You start your Rocket Mortgage
process simply by creating an account. Just pop in your name, email,
username and password, and you’re on your way. Next, you’ll select the main reason
you want to refinance. Choosing your priority helps Rocket
calculate the right solutions for your financial needs. Once you pick your priority, it’s time to talk about
your current mortgage. You’ll enter your monthly payment,
your mortgage balance and how much you think
your home is worth today. You’ll then answer a few simple questions
about your home and your personal situation. Here’s a time-saver you’ll appreciate: If you give Rocket Mortgage
your address, it will automatically fill in
all your property data for you so you don’t have to. Tax info, insurance –
it’s all done. Here’s another way Rocket Mortgage
simplifies your mortgage process. Instead of you having to track down
your bank statements and manually enter the info,
Rocket Mortgage does it for you. It integrates with your bank digitally,
so there’s no paperwork. This fast, easy process saves you time and gives you a more accurate
mortgage solution. Plus, by verifying your info now,
you can speed up the rest of the mortgage process. Next, you’ll answer a few questions
from Uncle Sam. Here’s why this step is necessary: Rocket Mortgage conforms to all
industry guidelines, which means you get the confidence
that comes with a real mortgage solution, not just a teaser rate or an estimate
like you get from a mortgage calculator. Okay, now we’re getting
to the home stretch. The next thing Rocket does
is securely review your credit to make sure you’re qualified.
And then – ♪ [drum beat music] ♪
3, 2, 1– you’ve got an intelligent, accurate
mortgage solution with a rate that customized
specifically for you. Oh, and if everything isn’t exactly
the way you want it, you can change things up by customizing
your rate, costs and term to see different payment options. At this point, if you’re comfortable
with your solution, you can find out if you’re approved. From there, go ahead and lock your rate,
e-sign a few documents and move forward. But, if you want to take some time
and think about it, that’s OK, too. Rocket Mortgage works on your timeline. There’s no commitment,
and you’re always in control. One last thing: If you ever get stuck
or have a question, you can always chat online
with a Home Loan Expert who is specially trained
to guide you through the entire Rocket Mortgage process with ease. That’s it. All that’s left is to push button,
get mortgage.

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