![]() Interest rate increases can cause your home purchase budget to change from day to day. For the past four years, Rocket Mortgage clients have used RateShield to gain confidence and stability while shopping for a home. Homebuyers benefit in both the short- and long-term with the combination of Rate Drop Advantage and Rocket Mortgage's existing RateShield program. ![]() We are constantly listening to our clients, implementing their feedback and developing programs that meet and exceed their needs." "Innovation comes in many different forms – Rocket Mortgage is known for both our revolutionary technology and the creativity we bring to help meet the needs of our clients, like Rate Drop Advantage, RateShield and our Verified Approval. "Rocket Mortgage is committed to creating more ways to make the financing process easier and more affordable for homebuyers and maintain the excitement that should come along with this huge milestone in their life," said Bob Walters, CEO of Rocket Mortgage. Rate Drop Advantage gives buyers confidence in the midst of a rising rate environment by knowing if rates decrease within the three-year period after closing on their original purchase, they can easily and affordably refinance. Through Rate Drop Advantage, when clients refinance within the allotted timeframe, Rocket Mortgage will waive the fees for appraisal, credit report pulls, processing, underwriting and several other costs for an average savings of approximately $2,000. Rocket Mortgage is America's largest mortgage lender.
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