FAQs
Is Rocket Homes the same as Rocket Mortgage? ›
Hawaii License # RB-23371. TREC: Information about brokerage services, Consumer protection notice. Rocket Mortgage, LLC and Rocket Homes Real Estate LLC are separate operating subsidiaries of Rocket Companies, Inc.
What is the concept of home equity? ›But what exactly is equity? In the simplest terms, your home's equity is the difference between how much your home is worth and how much you owe on your mortgage.
Are Rocket Money and Rocket Mortgage the same? ›Rocket Money was originally known as Truebill when it was founded in 2015. The company was acquired in 2021 by Rocket Companies—which also owns Rocket Mortgage, Rocket Loans, and is the issuer of the Rocket Visa Signature® Card. Its name changed in late August, 2022.
What is the downside to Rocket Mortgage? ›Cons. Getting a customized interest rate requires a credit check, which can affect your credit score. Origination fees are on the high side compared with other lenders, according to the latest federal data. Doesn't offer home equity lines of credit.
What is the Rocket Money controversy? ›The complaint alleges that the manipulative design of Rocket Money's interface and its misleading representations to consumers are unfair, deceptive, and abusive practices under the Dodd-Frank Act.
Is Rocket Money shady? ›Yes, Rocket Money is a legitimate budgeting app that can help you track your spending habits, identify ways to save money and get a better handle on your personal finances. It has a 4.5-star (out of 5) rating on Trustpilot and is accredited by the Better Business Bureau.
Who is Rocket Mortgage biggest competitor? ›Rocket Mortgage's competitors and similar companies include Guild Mortgage Company, Academy Mortgage, loanDepot and Blend. Rocket Mortgage (formerly known as Quicken Loans) is an online mortgage company.
What is the new name for Rocket Mortgage? ›Quicken Loans officially changed its name to Rocket Mortgage as a nod to what the company does best – take a complicated process and make it simpler and faster using technology.
What company did Rocket Mortgage used to be? ›Along the way Rocket became a word that defined what we did best. So in 2021, we changed our official company name from Quicken Loans to Rocket Mortgage as a testament to our obsession with making it easier for people to get a mortgage.
Is Rocket loans the same as Rocket Mortgage? ›Along the way, Rocket became a word that defined what Quicken Loans did best. That's why on July 31, 2021, Quicken Loans changed its name to Rocket Mortgage. Rocket Mortgage inspired sister companies like Rocket Homes® and Rocket Loans® to do the same and revolutionize the way people find homes and get personal loans.