Quicken Loans Mortgage Review: Should You Consider It?

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Timeline:

00:00 Intro
00:28 Quicken Loans Mortgage - About The Lender
01:48 Quicken Loans Mortgage - Advantages
02:33 Quicken Loans Mortgage - Disadvantages
03:18 Quicken Loans Mortgage - How Does It Work
04:47 Quicken Loans Mortgage - Products (1)
05:48 Quicken Loans Mortgage - Products (2)
06:30 Quicken Loans Application Process
09:04 Bottom Line

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[shelbys]

I just got approved through Quicken loans for an FHA loan. and so far I would say it’s been an easy process and I only deal with one person my mortgage banker and she talks to me weekly sometimes daily to see how things are going. I chose the fixed rate option and a 30 year loan. I do not have good credit, I also didn’t have 3 lines of credit proof. I only have car loan and QL approved me where my other local lenders would not because of my low credit, lack of credit history and only one open line of credit. And I’m not paying an ungodly amount for a mortgage. I chose to do $70, 000 approval amount but to stay under that amount. So I want to spend $50-$60k for my first home. And my monthly payments range 300-440. BUT I am still recruited to put money down and to pay for closing costs all out of pocket. Maybe it’s because I have an FHA loan I do not know. So that’s something to consider. This video isn’t actually what I was looking for but it’s interesting information. I’m already looking at houses I have just to make an offer so hopefully there are no surprises..

[Freegrace]

Fastest loan process I have ever had! 3 weeks from app to close ! My refinance was breeze ; great lender named Bo Fedorak and saved so much on my APR and interest rate plus FHA to a conventional means no More MIP! So Happy 😃

[Anonymous-zuqt]

Can I use quicken loans for a Rental property purchase??

[moscasucio]

Once you give them money they do an about face and treat you like a red headed stepchild. They higher the interest rate they promised and drag to closing....still waiting for closing since mid April.

[kfergus]

They told me I was approved for a loan, because I was selling my house to be closer to my family.then a week later I get a letter saying I wasn’t.

[toddpate]

dont consider quicken run as fast as you can!!! deal with local established lenders they take your money up front and tell you what you want to hear and drop the hammer on you at closing, they are a sham frustrating and a waste of time
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[jeremyallen]

Fastest way to loose $500. Most unorganized and confusing Ive ever had to experience.