Rocket Mortgage Payment: Rocket Mortgage, LLC is a popular mortgage loan provider in the United States. In 2018, the company also became the largest overall retail lender in the company. Initially, the company was founded 37 years back in 1985 as Rock Financial, after that it changed into Quicken Loans LLC. Now, the company is known as Rocket Mortgage and is one of the largest online retail mortgage lenders in the US.
Rocket Mortgage is an online division of Quicken Loans, that provides online mortgages through their official mobile application. With this facility, you can easily send your financial information online within 90 seconds which is contrasting with many other mortgage lenders. You can easily get a mortgage through Rocket Mortgage without much effort, but making your payments is very necessary. Luckily, Rocket Mortgage also gives you a number of methods through which you can pay, making the payment procedure very easy.
If you are a new user and don’t know how to make the payment to Rocket Mortgage, then here we are going to explain the complete process. In this article, you will get to know some money-saving tips for saving on your mortgage and the methods of Rocket Mortgage Payment.
How to Make a Rocket Mortgage Payment?
If you have taken financial assistance from Rocket Mortgage, then you have to make its payments over the life of your loan. You can either make a One-time Payment, Monthly Auto Payment, and Bi-Weekly Payment. Below are a few methods through which you can make easy payments to your lender. To learn what are the payments of Rocket Mortgage, read the methods given down below:
Step 1: Online Payment Option
In order to make your Rocket Mortgage Payment Online, you have to visit its official website. However, you can’t make the payment successfully if you don’t have an online account with them. It is necessary for every user to create an account by signing up.
While creating your account at rocketmortgage.com, you need to select from the two options i.e., Home Purchase or Home Refinance. Select the button that is corresponding to the option you want and then answer the questions that will be asked on the next page. Keep note that these questions will be based on the option that you will select such as a home purchase or home refinance. After completing this process, your Rocket Mortgage online account will be activated and you will be able to pay your Rocket Mortgage bill online.
Once your account is created through the registration process, you can use that for paying your mortgage online. If you are going to opt for this method, it is advised to set up automatic bill pay. In this method, the amount will be deducted automatically from your registered bank balance.
One should take note that the amount you are owing for taxes or insurance, may differ or fluctuate from year to year. In addition to that, if you have an adjustable-rate mortgage, then your payment may also increase or fall with interest rates. Be careful while setting up your payment directly with Rocket Mortgage so that you can make sure that you don’t pay extra or underpay your mortgage at any time. The best thing about making Rocket mortgage payments online is that this process is very easy, efficient, free of cost, and easily trackable.
Step 2: Mobile Application
Another option for making Rocket Mortgage Payments is by downloading Rocket Mortgage onto your device. This application is for both iOS or Android mobile devices. When you have taken the mortgage and are ready to make the payment, all you have to do is to open your Rocket Mortgage app and access your account by using your username and password.
With the help of the Rocket Mortgage app, you can easily check the due date of your loan payment and the amount due. You will get your monthly mortgage loan payment online and the user can also set up notifications so that you can get reminders of your upcoming payments. In addition to that, the Rocket Mortgage app is also compatible with your smartwatch.
Step 3: Phone Payments
If you don’t want to go for any online payment method, then there’s another way to make Rocket Mortgage. In this method, you can contact their official phone number through which you can make the payment successfully. The phone number that you have to dial to complete the payment process is 800-646-21-33. After dialing this number, you will get connected to a user-friendly voice system of Rocket Mortgage. After that, you will have to provide your loan number, bank account number, bank routing number, etc. in order to make the automated payment through the official phone number.
Step 4: Payment by Mail
The last method that we are discussing is payment by mail. If you don’t want to go for any of the above-listed methods, then you can go for this process. All you have to do is to pay by mail and send the payment to this address: Quicken Loans, P.O. Box 6577, Carol Stream, IL 60197-6577.
It is also advised to select a biweekly payment method other than the monthly payment for saving some money on interest. If you have selected a bi-weekly payment option and your additional payments go toward your principal balance, then your principal amount will go down quicker in 52 weeks, and you might end up paying less interest.