My wife and I are thinking about using Quicken Loans to refinance a mortgage on a rental property. Any advice?
Has anyone else experienced Quicken Loans. This is the first time we have not delt with the "local banker" and we're nervous about the closing over the phone / internet thing- Hey there! Thanks for considering working with Quicken Loans. I completely understand your hesitation. Let me ure you that the closing will not be over the internet or phone. For the actual closing, we will send a notary in your neighborhood to any location you choose to close your loan. We work with trusted partners across the US to make sure your closing is always comfortable and convenient. You choose the place & time and we?ll be there. For the other parts of the process leading up to the closing, we will do a lot over the phone and internet. You will work with one mortgage banker, who will be able to update you over the course of the loan and answer any questions you have. Let your banker know what types of communication you are comfortable with ? e - mail, phone, postal mail, fax, internet, chat or anything else! We pride ourselves on our cutting edge technology. The other thing we?re known for is our service. There?s no reason to be nervous ? 9 out of 10 clients tell us they will recommend us to friends and family. We hope you?ll do the same. I?m going to include some links for Quicken Loans reviews. If you have any other questions, feel free to contact me through our profile. Best of luck!
- figure out your tax situation before you do anything Example: if you refi out more than your equity in the property on the tax books, the excess is taxable income in the year you receive it. *** no experience with the lender
- I have heard nothing but bad things about Quicken Loans!
- I agree with the last answer. Feedback form my clients has usually been negative towards the larger shops such as Quicken, or Countrywide, etc. My clients like the fact that I have only a few files on my desk, thereby allowing me to dedicate more time to their situation. The process is smoother, and in the long run they save more money. By choosing a Broker as opposed to a Lender, you're options are greatly increased, and in most cases costs are less. A broker is buying at wholesale for their client as opposed to going to a local bank or even a large shop, like Quicken, where the customer is buying at retail. Closing over the phone could not be easier, really. I have many clients out of state, and I tell this: I have two locations, everywhere, and right next to you. It's really that simple. If you have any further questions, get in touch with me. Good Luck. rickn@americannationwidemtg.com
- If you can not face them, why would you do business with them. We had a deal once on new construction. It was winter in Minnesota and they wanted to withhold thousands of dollars from the builder proceeds because the landscaping, sidewalks and driveway were not complete. In Minnesota that is a fact of life in the winter time. I am not talking the small amount of money that it would have cost the builder to finish these items, but 10's of thousands of dollars. They seem to find ways to come up with withholding monies unnecessarily. Listen, you can do what you want. But for me, if I am spending that kind of money, I want to be able to face a human in their office if something goes wrong
- walk a way, no run away. simple as that. go to 'local' refi, u will save thousands. do ur research BBB, wal street journal, state attorney general etc. walk away
Knowledge Base
How can a refinance mortgage loan help my finances?
if when you refinance you create cash flow and eliminate other consumer debt it can have a big impact. i had a credit score in the low 700, i refied my second mortgage rolled my credit cards in and my credit score jumped to 770. now i have to be (home mortgage refinance loan)
What should I do to get lower interest rates when I get a mortgage refinance loan?
you have to shop around for the best one. that's not saying they will be less than your original mortgage rate was because rates have gone up. shop around to different brokers and compare good faith estimates, do not hesitate to negotiate with them based on the gfe's you receive (refinance mortgage bad credit)
For California, do both names on a mortgage refinance loan need to be on the house deed?
i am in the process of refinancing my property with my father. since both of our names will be in the mortgage loan, do ca laws required him to be on the house deed or le too? he does not want interest in the property. if no, is it possible (best refinance mortgage)
Knowledge Base: Mortgage Refinance
How can I get a High - LTV ration mortgage refinance loan?
i have a recently purchased condo in dc with a value that continues to tank with the economy. currently have 2 mortgages on it making the ltv somewhere in the neighborhood of 110 percent. looking to refinance i have relatively high income, excellent credit property value approximately $250, 000 and (refinance mortgage bad credit)
how do i get the best mortgage refinance?
hey kevin, it may sound left field, but i'd go for an interest only mortgage. you can take the difference in payment and put it in a vehicle that's safe, liquid, and earning interest even a savings account. most do not do it because most do not understand the risk (best refinance mortgage)
I am looking for the best mortgage company for a refinance. Two criteria, low interest rate and low fees. ?
does anyone have any suggestion? where to look, what to stay away from or tricks of the trade. made a poor decision on our present mortgage and do not want to do a repeat. am locked in on present note for 45 more days and then we want out. looking (home mortgage refinance loan)
Can I refinance a mortgage with bad credit?
i have been in the house 8 years and have a rate of 7 for 30 years. i have bad credit and wonder if it would benefit me to refinance to a lower rate?. no. tom only a lender can tell you for sure. depends on what you mean by (refinance mortgage bad credit)
best bank to refinance mortgage?
what would be the best bak of choice to refinance my mortgage?. that's a trick question. i would suggest you first ask your regular banking account manager. === if i was paying off a mortgage - and never missed a pymt - ? i'd go shopping for money. where. ? (home mortgage refinance loan)
Knowledge Base: Mortgage Refinance Loans
My wife and I are thinking about using Quicken Loans to refinance a mortgage on a rental property. Any advice?
has anyone else experienced quicken loans. this is the first time we have not delt with the "local banker" and we're nervous about the closing over the phone / internet thing. if you can not face them, why would you do business with them. we had a deal once on (mortgage refinance loans)
One of my mortgage loans is 20k at a rate of 9%. What steps do I take to best refinance the smaller loan?
your first call should be to your mortgage broker and see if you might be able to consolidate your first and second mortgage into a larger primary mortgage first mortgages always have a better rate, but be careful of prepayment penalties on either loan. likely your mortgage broker will help (mortgage refinance loans)
How can I get a High - LTV ration mortgage refinance loan?
i have a recently purchased condo in dc with a value that continues to tank with the economy. currently have 2 mortgages on it making the ltv somewhere in the neighborhood of 110 percent. looking to refinance i have relatively high income, excellent credit property value approximately $250, 000 and (mortgage refinance loans)
mortgage refinance?
my husband and i bought a house in october with a no documents loan and ended up having to split our mortgage and have two smaller loans. our mortgage servicer recently called and said that they have been unable to sell our mortgage and would refinance our loan at no (mortgage refinance loans)
What's the best indication of a good refinance mortgage loan?
lower interest rate that is not adjustable, simply put. there is rarely a point in refinancing if you cannot get a better rate than what you currently have, and steer clear of adjustable rates that lure you in with a teaser rate. fixed rate! no adjustable and surely not a (mortgage refinance loans)
