👉 Sure, let's break this down into steps to make it more interesting!
1. Definition : Rocket mortgage is a type of loan where the borrower gets their payment by paying interest on the principal amount rather than repaying the entire balance. 2. Examples Sentence : "You can't afford the monthly payments, so you're now in the rocket mortgage fieldhouse." "I'm planning to buy a house but I don't have much money for my down payment yet. I need to get the rocket mortgage fieldhouse." 3. How To Use It : - Imagine someone who gets their payment by paying interest on the principal amount rather than repaying the entire balance. - For example, in this scenario, if they have a $10,000 loan at 2% annual interest rate and want to get out of debt within a year, they would pay $200 for each month (since $10,000 2/100 = $200) instead of paying the full $10,000. 4. Shouting Out : "Hey! Hey! You guys can't even afford to buy your own house? So you want to get the rocket mortgage fieldhouse!" The rocket mortgage fieldhouse is a fun and quirky term that brings up some serious financial concepts for those who understand it, but it also makes for a lightheart
