Learning Center | Rocket Loans

Balance Transfer Vs. Personal Loan: Which One Should You Use?

Balance transfers and personal loans can help you consolidate your debt. Learn how each process works and decide which option would be best for your situation.

What Is Loan Amortization And How Does It Work?

Amortization is the process of making monthly payments on debt such as a personal loan or mortgage loan. Learn more about what amortization is and how it works.

Compound Interest: Definition And Calculation

Compound interest can work for you or against you when saving money or repaying a loan. Learn how to calculate compound interest and uncover some helpful tips.

What Is Simple Interest And How Is It Calculated?

Simple interest is the amount of interest charged on a loan over a set period of time. Read more about what simple interest is and how it’s calculated here.

What Is Usury Law?

Usury is the unethical monetary lending of loans that benefit the lender in an unfair way. Learn more about what usury means and the usury laws that exist.

Debt, Defined: What It Is And How To Manage It

Debt is money owed to a lender, and it can take many forms, from credit card debt to medical bills and more. Here's everything you need to know as a borrower.

Credit Utilization: What It Is And Why It Matters

Credit utilization is an important component of borrowing a line of credit. Learn more about what it means and why borrowers ought to be aware of their ratio.

Types Of Debt: What You Need To Know

Taking on debt is a big decision, and there are many options to choose from to help you achieve your goals. Learn about types of debt and how they work.

Should You Pay Off Debt Now Or Save For The Future?

How do you know when you should pay off debt or save money? Learn when to focus on one or the other, strategies for either, and how you can do both at once.

Good Debt Vs. Bad Debt: Knowing The Difference

Good debt can help you reach your goals, while bad debt can put you further behind on them. Read some examples of good and bad debt and learn their differences.

How To Prepare Financially For A Baby

Congratulations, your family is getting bigger! But with a bigger family, comes bigger expenses and responsibility. Learn how to financially prepare for your little one's arrival.

What Is The Best Way To Pay Off Debt?

Wondering the best way to pay off your debt? Read our guide for basic guidelines you can follow when paying off your debt.

What Is The Debt Snowball Method?

The debt snowball method helps with debt repayment by targeting your smallest debts first. Discover how the snowball method can lead to a debt-free life.

7 Mistakes To Avoid When Paying Off Debt

It’s difficult to escape out from a mountain of debt, but we can help! Read our guide for the most common mistakes to avoid when paying off your debt.

Repairing Your Credit Score: A Step-By-Step Guide

Repairing your credit can make qualifying for a loan or mortgage easier. Uncover six steps on how to fix your credit score while building your credit history.

What Is The Debt Avalanche Method?

If you’re struggling to repay a combination of consumer debts, you should consider the debt avalanche method. Read on to learn about this payoff strategy.

More Time, More Spending Power: What To Remember During Tax Season

Filing your taxes can feel overwhelming, but only if you don't know what you're doing. Learn important dates and benefits to becoming an early tax filer.

What Are Bridge Loans?

Bridge loans are short-term loans that you can use in between buying a new home and selling your current home. Learn more about bridge loans here.

Featured Resources

Balance Transfer Vs. Personal Loan: Which One Should You Use?

What Is Loan Amortization And How Does It Work?

Compound Interest: Definition And Calculation

What Is Simple Interest And How Is It Calculated?

What Is Usury Law?

Debt, Defined: What It Is And How To Manage It

Credit Utilization: What It Is And Why It Matters

Types Of Debt: What You Need To Know

Should You Pay Off Debt Now Or Save For The Future?

Good Debt Vs. Bad Debt: Knowing The Difference

How To Prepare Financially For A Baby

What Is The Best Way To Pay Off Debt?

What Is The Debt Snowball Method?

7 Mistakes To Avoid When Paying Off Debt

Repairing Your Credit Score: A Step-By-Step Guide

What Is The Debt Avalanche Method?

More Time, More Spending Power: What To Remember During Tax Season

What Are Bridge Loans?