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Quicken Loans
Quicken
Loans is one of the nation's largest home mortgage lenders and was
named "Best of the Web" by Forbes, Money and PC magazines.
Quicken Loans offers
over 100 loan programs for purchase, refinance and home equity. Their process is quick and easy. You can apply online in minutes. You can even sign your application and track the
process of your loan online.
- Nearly 20 years experience
- Direct lender in 50 states
- Great rates
- Fast, easy, minimal paperwork
Find
out that "The Easiest
Way To Get A Home Loan" is with Quicken Loans, a name you trust.
Some Quicken Answers:
How important is
the loan to value ratio?
The loan-to-value ratio or "LTV" shows how much equity
you have in your home. Equity is the difference between how much your
home is worth and how much you owe on it. For instance, if your home is
worth $200,000 and you owe $130,000 on your mortgage, you have $70,000
worth of equity in your home. Lenders' experience is that the higher the
loan to value (which means the lower the equity) the greater the risk
the borrower may default on the loan. Therefore, LTV is important for
lenders in accessing a borrower's borrow-worthiness, so to speak.
Can I get home
financing without paying points or closing costs?
Yes. We offer a wide variety of home financing
programs, which give you a lot of options, including no points and
no closing costs. When you speak with a Loan Consultant be sure to mention
you're interested in learning more about our no points and no closing
costs options. They'll be able to find you a program that's right for
you.
What is the difference
between interest rate & APR?
An Interest rate is the monthly cost you pay on the unpaid balance of
your home loan.
An Annual
Percentage Rate (APR) includes both your interest rate and any additional
cost or prepaid finance charges such as the origination fee, points, the
initial private mortgage insurance, underwriting and processing fees.
(Your actual fees may not include all of the items above.) The APR is
an universal measurement that will assist you in comparing the cost of
mortgage loans offered by different mortgage lenders.
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