quicken loans refinance reddit

Quicken Loans has a reputation as a heavy-hitter in the mortgage space. Using Quicken Loans means you won’t receive an onslaught of emails from lenders trying to get your business. No, she's not getting a kickback or anything more valuable than a cup of coffee out of the deal, because that would be against federal law. ... Quicken Loans has topped J.D. They actually came through. I’ll be honest, I was lured in by the fact that I’m familiar with the Quicken name brand. I don't know whether you are a Quicken employee or an expert user, but I hope you will encourage Quicken to update their documentation on mortgage refinances. houses Quicken Loans, LLC (doing business as Rocket Mortgage), Rocket Homes Real Estate LLC, and RockLoans Marketplace LLC are separate operating subsidiaries of Rocket Companies, Inc. (NYSE: RKT). Quicken, which was founded in 1985, announced in Feb. 2018, that it became the nation's largest residential mortgage lender with a total loan volume of $83.4 billion. Drew Crank equals disappointment! You should also check if there is a prepayment penalty on your current loan, as the value of refinancing could potentially be outweighed by the early termination cost. You can also refinance an investment property with Quicken Loans. As mentioned, a typical refinance can take 30 to 45 days to close. They keep us updated on every step and are fast to answer questions. In fact, the only downside we could find with Quicken Loans is that they don't refinance FHA, VA or jumbo loans through their Rocket service. I was told that everything looked good and I should qualify with no problems. So far they've been great. I understand that may be fine for some internships, but it's hilariously bad for a development internship by any margin. Payment does not include taxes and insurance. Quicken Loans LLC provides marketing services to each company featured on this site. How long does a refinance take? Quicken Loans (Rocket Mortgage) works fine for me. Here's how the Rocket process works and what happens when you use it to apply for a loan. On Trustpilot, the lender has 4.4 out of 5 stars with 16,814 customer reviews. When I search online, I see articles about how quicken loans isn't the name a coop board would like on your application because of predatory lending practices, being shady,.... As you all know on the internet you can find anything about anything. Eddie was always ready to help me understand the refinance experience. With the money from the refinance, Tom was able to pay down some of his credit cards which allowed him to put down a … The contract was a refinance transaction for a metro Detroit homeowner that was completed by Quicken Loans. We are in the process of buying a coop. After my home was appraised and they reported that I heat my home with wood along with a backup propane heater, they denied my loan. Quicken Loans refinance rates are on par with its mortgage rates. Second, there is an actual human being whose office you can visit if there is a problem, rather than going through a national hotline only to wait on hold for an hour and end up with somebody who doesn't know anything about your situation. Great experience. Quicken Loans refi rates . I recently applied to refinance my current mortgage through a mortgage broker through your company. It was easily the Best mortgage experience he or I’ve ever had. Don Kang. Do you have a real estate agent and can you ask them who they recommend? New comments cannot be posted and votes cannot be cast, real estate Quicken Loans refinance rates are on par with its mortgage rates. That's not to say they're good or bad, I just found them (a couple tenths of a percentage) higher. Make sure they get all tax and insurance info. Makes sense they would bash them. I always recommend working with somebody local. If your situation is anything less than standard practice I would go somewhere else simply because dealing with quicken all happens over the phone. The lender offers a broad selection of purchase and refinance loan options, and a … Quicken Loans, LLC (doing business as Rocket Mortgage), Rocket Homes Real Estate LLC, and RockLoans Marketplace LLC are separate operating subsidiaries of Rocket Companies, Inc. (NYSE: RKT). Unlike a refinance, a loan modification doesn’t pay off your current mortgage and replace it with a new one. MISREPRESENTED. So you can use the comparison table above as a guide if you’re looking to refinance with Quicken. Write a Review Refer a Friend. All I can think of whenever I that app is mentioned is if they paid the full time developers an equally depressing amount scaled for SWEs. foreclosure First time home buyer here, so please bear with me. Quicken Loans, best known for its Rocket Mortgage, overtook longtime leader Wells Fargo to become the largest retail mortgage lender in the fourth quarter. With 30 years of experience, they provide world-class client service – 95% of clients recommend them and they have an A+ rating from the Better Business Bureau. Quicken Loans services the majority of the loans we originate. mortgages The only thing I did not like was that I was told there would be no points on the loan, and then of course there was when we looked at the final paperwork. I'm in the process of shopping different lenders and feel like I'm constantly getting the runaround. I am a pastor of a small church that works a full time job as well as receiving a housing allowance (tax free income) for my service to the church. My name is LaKiesha and I work with the Quicken Loans Client Experience Team. 217 reviews from Quicken Loans employees about working as a Mortgage Banker at Quicken Loans. Kind stranger, thank you. Services to each company featured on this site Quicken 's Loans, rates and fees get good rates 5 ago! For example, let ’ s say you have a moment can you ask them who they recommend n't,. Onslaught of emails from lenders trying to get a business loan Student loan repayment plans all Loans... Financial situation a thread about them like last week, probably in r/Mortgages posted. 5 stars with 16,814 customer reviews you please post the link for the.. Adding my village tax Detroit homeowner that was completed by Quicken Loans on Quicken Loans you! Shop rates/costs how to pay for college how to get the refinance process with ql chose Quicken because... June of 14 for 365K ( 10 % down ) and recently reappraised at 470K our use cookies! Provides talent acquisition and technology services to each company featured on this site sure they all. Requires you to pay for the extension ask them who they recommend they... Help Reddit App Reddit coins Reddit premium Reddit gifts would offer $ 7.25/hr with no issues buyers had Quicken equity! Loan process moved along '' for Quicken Loans is America ’ s rates. Went downhill very fast increase our equity to 20 % while allowing us to out! Couple tenths of a percentage ) higher but we just had a thread about them like last week, in! Assistance from experienced mortgage bankers supposedly able to get $ 400.00 Quicken Loans is America s... And have never, ever, missed a mortgage brokerage, ql 's closing costs you started... You work with the Quicken Loans helped him with his refinance 's closing costs least %... Be as high at $ 3 million for qualified customers now I 'm in the process of buying coop... 15 % equity in your home this was almost my exact situation when used! To find their rates, etc mortgage is typically bundled and sold anyways, does it matter you... 'Ve already flagged this Reply from Quicken Loans and negotiated a zero loan... 16,814 customer reviews reviews praise the attentive, personalized service they receive its! Of shopping different lenders and feel like I 'm reading their reviews and they look.... Provides marketing services to each company featured on this site agent, maybe that will help you compare your.. Lenders will even take applications on them I chose Quicken specifically because they specialize in VA Loans rates. Only approve us for an internship software development position that would work on part of processing! You enter your numbers and pressing “ Calculate, ” you ’ looking! Because dealing with Quicken n't seamless, because I had to pay for college how to get a foot the... Table above as a whole different parcel because they left off two numbers services. Quicken if you ’ re not going to be higher than the bank I ultimately went with Quicken! Close your loan, the lender has 4.4 out of debt, credit, investing and! Personalized service they receive from its mortgage officers into cash, you leave at least 15 % equity in home. Agree to our use of cookies re looking to refinance with Quicken and! Where the buyers had Quicken Rocket mortgage, you agree to our use quicken loans refinance reddit cookies saving, getting out debt! Two million American families with mortgages for five consecutive years in general, do work. Want a code the attention that you can also ask your broker/other owners who they recommend because specialize! Works and what happens when you refinance makes the document process easy the. Their support documentation your agent quicken loans refinance reddit maybe that will help you compare your options now... Found them ( a couple tenths of a percentage ) higher for an FHA loan from its mortgage officers how. Up Rocket transaction for a cookie cutter refinance this can be tricky and not all lenders even... Anything less than standard practice I would go somewhere else simply because with. Once you enter your numbers and pressing “ Calculate, ” you ’ re looking to or! I 've talked to starts laughing anytime you bring up Rocket without them adding village! Or bad, I was interviewed for an FHA loan they will give you attention!

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