I've been researching rocket mortgage individual loans, and it looks like there are a lot of distinct options available. What factors ought to potential borrowers take into account when comparing those lenders - beyond just the interest rate?
My greatest concern is the fees associated with these loans - what kind of origination fees, prepayment penalties, and late payment charges may possibly be involved? How transparent are those terms?
I'm wondering on the general reputation and reliability of some of the lenders offering these loans. Are there any common complaints or negative reviews that users have shared?
What kind of documentation and credit checks do they require - are they rigorous sufficient to make sure a good risk assessment, or is it more lenient? How does this affect the eligibility for approval?
Thinking about the present economic climate, how do you think those loan options fit into the broader landscape of mortgage financing - are they offering a viable alternative for those struggling with credit scores?