OH: MB 850076 OR: License #ML-1387 PA: Licensed by the Dept. NY: Licensed Mortgage Banker – NYS Banking Dept. of Banking and Consumer Finance NH: Licensed by the NH Banking Dept., #6743MB NV: License #626 NJ: New Jersey – Rocket Mortgage, LLC, 1050 Woodward Ave., Detroit, MI 48226, (888) 474-0404, Licensed by the N.J. of Financial and Professional Regulation KS: Licensed Mortgage Company MC.0025309 MA: Mortgage Lender License #ML 3030 ME: Supervised Lender License MN: Not an offer for a rate lock agreement MS: Licensed by the MS Dept. of Business Oversight, under the CA Residential Mortgage Lending Act and Finance Lenders Law CO: Regulated by the Division of Real Estate GA: Residential Mortgage Licensee #11704 IL: Residential Mortgage Licensee #4127 – Dept. 2000, Phoenix, AZ 85004, Mortgage Banker License #BK-0902939 CA: Licensed by Dept. Rocket Mortgage, LLC NMLS #3030 Equal Housing Lender. Deposit and other lending products are offered by Charles Schwab Bank, SSB, Member FDIC and Equal Housing Lender. Rocket Mortgage LLC., is not affiliated with The Charles Schwab Corporation, Charles Schwab & Co., Inc. Home lending is offered and provided by Rocket Mortgage, LLC. does not solicit, offer, endorse, negotiate or originate any mortgage loan products and is neither a licensed mortgage broker nor a licensed mortgage lender. (Member SIPC) are not insured by the FDIC, are not deposits or obligations of Charles Schwab Bank, SSB and are subject to investment risk, including the possible loss of principal invested. Brokerage products offered by Charles Schwab & Co., Inc. are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation. You are responsible for paying any state, county, or local taxes imposed on a home mortgage transaction.Ĭharles Schwab Bank, SSB and Charles Schwab & Co., Inc. Proof of proper and adequate insurance may be required prior to closing. The amounts provided are estimates and are not a substitute for initial disclosures of closing costs that you will receive once you apply for a home equity line of credit with Rocket Mortgage. HELOC Fees: The estimated range of fees you may pay is from $0 ‐ $29.00 for every $1,000 of your line amount, and will vary based on the location of the property. You may not use this home equity line as a bridge loan, for commercial purposes, to invest in securities, or to repay a margin loan. At the end of the draw period, your required monthly payments will increase because you will be paying both principal and interest. Payments will increase if rates increase. During the draw period, you will be required to make monthly payments of accrued interest. Home equity lines have a 10-year draw period followed by a 20-year repayment period. For more information about these risks, please contact a home loan specialist.Ģ. Interest-only mortgages include additional risks you should consider. After the interest-only period ends, your monthly payments will increase because you will be paying both principal and interest. Interest-only mortgages have an initial interest-only payment period followed by a fully amortizing payment period.
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