Rocket mortgage is a unique loan product that attempts to address the needs of both mortgage borrowers and home owners. It is a loan with an unexpected and high cost consequence. However, with the right attention and guidance, it can be a great way to meet your mortgage needs.
Rocket mortgage conference call is an internet-based product that allows you to speak with one representative for all of your loans. They offer several variants of this product such as:
Unsecured revolving credit line up – Available for first time home buyers, those without a lot of cash in advance; perfect for those who have been looking at lots of different loan programs but not really settled on one. You will receive regular credit card transactions and bank account access to make all of your accounts connected. This is also useful if you have no established credit history because you can use the revolving credit line up to get started.
Available for first time home buyers, those without a lot of cash in advance; perfect for those who have been looking at lots p o t s w i t h n e x p r e s s o r i n g c l e r y . . .
Contents:
Rocket Mortgage
Rocket mortgage is a new lender that has opened their doors to the public. They have a website, rocketmortgage.com, and a phone line that allows anyone to try them out.
Their goal is to provide quality customer service at an affordable price. They do this by being very efficient in working with your profiles and then finding ways to comp you when you make purchases.
They use the term comping very accurately because it means finding ways to get something for nothing. You will likely have to work hard for it, but it will be worth it in the end!
The biggest turn-off people have with Rocket Mortgage is the fact that they do not tell people how good they are at comping accounts. People feel pressured to keep up with the flow of replying and convincing when initially calling in order to join the club.
Important information
If you have a credit score of around 300, you may not be eligible to apply for a loan at the current interest rate. Many mortgage companies are still looking to obtain new clients at this lower interest rate.
The current interest rate is 3%, which is lower than the traditional 6% or 8% average rate. This change in policy comes due to the recent housing market correction.
Because of this change in policy, many mortgage companies contacted me to see if they could apply you at this new lower rate. If you have a higher credit score, you may be able to apply for a loan at a higher interest rate!
The good news is that unless your loan amount changes, your payments will stay the same. The only difference is how much you pay!
The cost of borrowing has increased over the past year due to these changes in policy.
Transcript
If you’re looking to get into the mortgage market, now is the time to do it. There are over 700 mortgage companies that offer services today, many of them expanding their product lines in recent years to meet customer demand.
That’s crazy! It looks like there are new leaders in the industry every year making new products and standards of service. It makes it more difficult for would-be competitors to gain market share as customers look at how easy it is to use the new service and receive a quick response from customer service should any issues arise.
It also creates a difficult-to-avoid customer experience which is why people are now so focused on having a good product and services value proposition.
How to take a conference call
When you dial a phone call, you may be able to listen in on the other person’s side by joining the line with a telephone. You can also look at the other person’s desk to see if they are on the phone.
Either way, when you join a call, you may be asked to indicate whether you are an invited guest or an active participant. If invited, you will take the call as soon as someone answers the phone.
If invited, then you must agree to be on the call before being allowed to speak. This is so that someone else cannot join your conversation before you have finished speaking!
If an invitation indicates that it is a participant in a conversation, then there are some rules for how participants may join a conference call.
What is a conference call?
A conference call is a series of calls put together to make one large call. This can be a good or a bad thing, depending on your view.
A series of calls makes a single large call. The term on the line is not necessarily multiple people, it’s just a group of people looking to get their message across.
The difference between a series of calls and a single call is that there are only one or more representatives on the line for each person who needs to speak to someone.
The difference between a conference call and an app-based phone app phone call is that with an app-based phone app phone call, you are actually talking to someone, whereas with a conference call, you are listening to someone else talk to you.
App-based phone apps have become popular because they allow you to simply send an email or text message, and then that person can schedule an appointment or telephone conversation with you.
Set up your microphone
Most computers and internet connections have a microphone that you can turn on or off. You can also talk into the microphone or use a headset if the computer or phone has one.
If you do not have a microphone, you can still listen to the conference call via the phone app or web app. You just must set up your speaker settings to be heard via the phone or web app.
Some people cannot hear enough sound to set up a speaker setup on their phone or computer! Try doing it at home, then podcasting and hosting your call is easy.
Set up your microphone as soon as possible after the conference call is connected. This will ensure it is working properly and that your listeners can hear you.
Join the call
If you are an existing Rocket Mortgage customer, you can join the call and ask for a special credit on your mortgage balance. You can also join the call if you are a new customer signing up for a mortgage.
It’s never too late to become a Rocket Mortgage customer. We have thousands of customers that have been with us for years and continue to support us by joining our conference call. And yes, even new customers can join the call if they have bought a home and need to refinance!
The conference call will take place on March 1 from 9:30 to 10:30 am Pacific Time and 2:30 to 3:30 pm Eastern Time. You can listen in on your phone or computer, or attend live in San Diego or Chicago.
Ask your question(s)
If you don’t know any of the answers to your questions, try asking a close friend or family member. Maybe even ask your parents or grandparents for help, they’re probably experienced mortgage professionals too.
If no one else knows the answers, please contact Rocket Mortgage and ask them. They are dedicated to helping their customers find the right solution for their situation.
Bullet point ended: If you do not feel confident calling Rocket Mortgage or RMO, try calling the U.S. Bank National Banker Hotline (855-859-5678). This is a national bank that specializes in answering questions about mortgages and home buying. Or call Ginnie Mae at 1-800-325-GIENSYXX to speak with a certified mortgage planner (outside of Rocket).