Quicken Loans, the nation's fifth-largest mortgage settlement service provider, has been named one of the best companies to work for in the United States by Fortune Magazine, coming in at number 29 in 2009. For consumers looking to refinance mortgages, Quicken Loans offers handy online tools including an iPhone app for tracking the best refinance rates and more.
Quicken Loans for Mortgage Refinancing
Consumers associate the name "Quicken" with Intuit's financial software that helps track spending and income, so for mortgage refinance shoppers wondering whether Quicken Loans is part of Intuit: yes, it was, but now it's not.
Quicken Loans began 26 years ago as Rock Financial Corporation, but sold to Intuit in 1999. In 2002 the original founder brought Quicken Loans back from Intuit, preserving the name. The company now offers mortgage settlement services including:
- lowering interest rates
- lowering payment
- cash-out refinancing
- refinancing mortgage with bad credit
- maintaining payment for adjustable mortgages
- cash out refinancing for investment properties
The company can process home refinancing in all 50 states, and the eloan process can be completed online. Like other lenders, this company offers online mortgage loans, but they're not the only game in town. Always comparison shop when it comes to major financial decisions. According to a Harris Interactive survey, only 61 percent of shoppers compare mortgage refinance rates, while 96 percent comparison shop for consumer product.
When tens of thousands, and sometimes hundreds of thousands, of dollars are on the line with a mortgage refinance, the smart consumer looks at all of the eloan companies online, researches refinance mortgage rates, and then makes a decision.
Home Refinance Eloans
The New York Times noted in a February 3, 2011 article titled "Online Shopping Made Easier" that many eloan mortgage companies such as Lending Tree and Quicken Loans were finding ways to help consumer streaming the process and to find better home refinance rates.
For example, Quicken Loans now offers an iPhone app that tracks daily home refinance rates so that shoppers can call mortgage brokers and lock in the lowest rate possible. The use of technology in mortgage resettlement helps everyone from banks to brokers to consumers to make home refinance eloans easy and fast.
Refinance Mortgage with Bad Credit at Quicken Loans
Homeowners with more than 20 percent equity, stable employment, a low debt-to-income ratio, and a FICO score over 750 have no problems with mortgage refinancing, but what about people with bad credit?
The Quicken Loans website devotes a significant section to refinancing mortgages with bad credit, but loan shoppers with poor credit need to research all their options. Keep an eye out for education campaigns, promotions, and local home buying and refinancing seminars. Learn to search for every possible avenue for refinancing a mortgage when you have bad credit.
Melanie Zoltan - Melanie Zoltan is a former college professor and administrator who has written for About.com, PCWorld, Brain Child, Thomson Gale, and ...
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