9/28/2023 0 Comments Rocket homes sign upThe company in November introduced Rocket Rewards - a loyalty program that distributes points toward financial transactions across the Rocket platform for potential homebuyers. The credit card, which is integrated with Rocket Money - a personal finance app that identifies recurring expenses, notifies members about upcoming bills and cancels subscriptions - is in line with the Detroit-based company’s goal of becoming a fintech firm. Rocket recently launched a credit card that targets first-time homebuyers. The Detroit-based lender is launching a number of products to boost its purchase business in a high-rate environment. Through the “SELL+” offer, sellers listing their home for sale with a partner agent through Rocket Homes will receive a rebate check for 1% of the sale price from Rocket Homes after closing. Rocket, which was displaced as America’s largest mortgage lender by rival United Wholesale Mortgage in the third quarter of 2022, is working to incentivize home sellers, too. Those borrowers are eligible to receive an additional 0.5% lender paid credit if they use Rocket Mortgage’s verified approval or RateShield letter. Rocket says there are more than 20,000 partner agents through its Rocket Homes business.īorrowers who opt to use their own agent can also qualify to receive a smaller closing credit if the agent refers them to Rocket Mortgage, equal to 0.25% of their loan amount. “With BUY+, Rocket Mortgage is making this process a lot easier to achieve, lowering a hurdle for those who are ready for a home of their own.” “There are way too many people across the country who are looking forward to buying a home – and could comfortably make the monthly payments – but are still on the long road to saving for the upfront costs,” said Bob Walters, CEO of Rocket Mortgage. (To receive the full $10,000 closing credit, a buyer would need to receive a mortgage north of $666,000.) If they work with a Rocket Homes partner agent, they’d receive nearly $5,000 toward their closing costs. ![]() Through Rocket’s new “BUY+” program, clients who obtain purchase financing from Rocket Mortgage and find a home with a Rocket Homes partner real estate agent, will receive a credit equal to 1.5% of their loan amount to put toward closing costs, helping defray upfront costs.įor example, a homebuyer who puts 5% down on a $350,000 home would have a loan of $332,500. It is not the first time Australia has found itself a landing ground for space junk-last August, a sheep farmer in New South Wales found a charred chunk from one of Elon Musk's SpaceX missions jutting out of his paddock.Rocket Mortgage is throwing a big incentive at spring homebuyers, offering them up to $10,000 in closing cost credits if they work with a real estate agent through its affiliate, Rocket Homes. ![]() Meanwhile, officials from both countries are working together to "provide further confirmation to determine next steps, including considering obligations under the United Nations space treaties", the Australian Space Agency said. The object, which measures some two meters (six feet) high and has cables dangling from the top, is being kept in storage. The medium-lift launch vehicle is operated by the Indian Space Research Organization, the agency added. The bulky barnacle-encrusted cylinder was first spotted in mid-July near remote Jurien Bay, a coastal region two hours' drive north of Perth in Western Australia.Īmateur sleuths speculated online that the object might have a military origin or even be linked to the disappearance of Malaysian Airlines flight MH370.īut the Australian Space Agency said it had concluded the object was "most likely" debris from an "expended third-stage of a Polar Satellite Launch Vehicle".
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