Anyone have experience with Quicken loans who offer great mortgage rates over the radio?
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But, bringing this around full circle, the reason the amount in the advertisements seem so low is that they are the minimum amounts you could choose to pay each month. And the secure advantage offers a fixed-rate (getting back to your original questions about rates), for either 5 or 7 years.
I've added a link below to a page that gives more information about Secure Advantage.
I hope this answers your question. Quicken Loans doesn't get a 94% satisfaction score from it's customers by ripping them off. Seriously. We couldn't be where we are today (just had our best month ever in the history of the company), if we used tactics like bait and switch.
I do appreciate the question though. It allows me a chance to set the record straight. Good luck with your home loan.
Anyone have experience with Quicken loans who offer great mortgage rates over the radio?They cannot by law bait and hook. Any advertisement for residential loans are regulated by law. I would not recommend that you contact them directly if you are already worried. A lot of people trust brands and they are a good company. Go to your friends and co-workers and seek out a mortgage professional that they trust.We are still out here and we are not baiting and hooking anyone. The market has exposed a lot of problems on the part of the brokers and lenders. Find someone near by that you like. Also remember that they all are a business and make money. You will have some things to pay for outside of closing like your appraisal. Good Luck
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