Best Mortgage Company to Shop Your Home Loan

When it comes to saving money, it’s critical to shop the best mortgage company for a low-rate mortgage or refinance.

A home loan is typically the largest debt you’ll ever have, therefore there’s a lot at stake–especially when mortgage interest rates are at historic lows.

Getting the wrong mortgage or failing to refinance when you should, can really hurt your finances.

Here’s what I mean: Just paying interest that’s 1% too high costs you over $45,000 on a $200,000, 30-year mortgage!

If you invested that money for a moderate rate of return instead, you could parlay the savings into more than $150,000.

So never get comfortable with a mortgage that isn’t as good as it could be.

There are many mortgage lenders, but the best that I’ve used is Quicken Loans.

What is Quicken Loans?
30 yr Fixed $200k loan for $1,050/mo.

Quicken Loans is America’s largest online lender, known for providing excellent customer service.

They’ve been a direct lender for almost 30 years and funded over $30 billion in 2011 alone.

J.D. Power and Associates ranks Quicken Loans “Highest in Customer Satisfaction for Mortgage Origination in the U.S.” for the second year in a row.

The Better Business Bureau gives them an A+ for customer service. I’ve personally used Quicken Loans and was extremely impressed with their efficiency, competitive interest rates, and follow up.

What Makes Quicken Loans Different?

Quicken promises a world-class mortgage experience by:

  • Returning your calls within one business day
  • Giving you a checklist of documents you’ll need
  • Setting realistic expectations upfront
  • Never charging hidden fees
  • Being proactive about updating you on the status of your mortgage
  • Closing your loan anywhere that’s convenient for you
  • Closing most loans in 30 days or less

Click here to read Quicken’s Amazing Mortgage Process

What Does Quicken Loans Offer?

Quicken offers the following loan options:

  • 30-Year Fixed: This traditional loan gives you the security of having fixed monthly payments
  • 15-Year Fixed: A secure, low-rate loan that charges less interest
  • FHA: Their most popular loan because it’s flexible and makes it easier to qualify for a new mortgage
  • VA: This loan helps veterans refinance or buy homes, even with zero money down
  • Adjustable Rate: Get the lowest rate offered to maximize your budget
  • Jumbo: Low rates for loans over $417,000 with different options
  • HomePath®: A loan for mortgage-ready homes that Fannie Mae owns
  • FHA Streamline: The easiest possible refinance–you may not even need an appraisal
  • Reverse Mortgage: A tool for those 62 years and older with home equity to get cash
  • YOURgageSM: Choose any loan term from 8 to 30 years and get a fixed rate with a low payment

When Should You Refinance a Mortgage?

To know if you should refinance a mortgage, you need to crunch the numbers to make sure it will pay off. Here are links to several mortgage refinance calculators that make doing the math easy:

Click here to learn more about Quicken Loans

30-Year Fixed, FHA Loans, VA Loans

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  1. says

    I have heard a lot about Quicken Loans for mortgages but I went with another lender. I am thinking about going through them however for another property. Are they just as good with people who are buying homes for investments? I know a lot of banks give you a hard time if its not your primary home.

  2. Laura Adams says

    Yes, investment properties usually have different underwriting requirements–but Quicken is still a great choice to shop.

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