Your escrow statement is different than your billing statement in that it provides detailed information specific to your escrow account. You usually only receive an escrow statement once a year when your loan gets analyzed (what we call an escrow analysis). If Quicken Loans services your home loan, we’ve got good news for you! We have a new and improved escrow process!
Are you aware of the exclusive benefits you get as a valued Quicken Loans client? As a thank you for choosing us for your current and future home loan needs, Quicken Loans clients receive a Gold Card after closing, along with Silver Cards to pass on to family and friends*.
You might be aware that Quicken Loans has been ranked “highest in customer satisfaction for primary mortgage origination” in the U.S. for the past four years. That’s old news. However, this is the first year we’ve also been ranked highest for servicing, and we are both humbled and honored that our clients chose us for this award.
Escrow is money your mortgage lender puts into a separate account to pay your future property taxes and insurance costs. It’s common to have an escrow account with your mortgage, but it’s not always required. Check out some of the common questions (and answers!) our escrow team receives about escrow.
There are a variety of ways your mortgage payment can be misapplied. Our team members who handle payments put together a list of some common mistakes and how to avoid them. They generally come down to making sure you clearly communicate what you’re intending to do with the money you’re sending in.
It’s no secret that home values have risen considerably from where they were just a couple years ago. But what does this mean for you as a homeowner? Depending on your specific situation, there are many different ways this could impact you and your finances. For your benefit, we’ve listed three major ways that rising home values could impact you as a homeowner.
You may have noticed some recent changes when you log in to MyQL. We’ve been hard at work making improvements to make it easier for you to manage your mortgage online. Here are a few new features sure to make your life easier!
When you’re on the go, paying bills should be easy. That’s why we made sure MyQL was mobile friendly. You can even make your mortgage payment and view loan documents while getting an oil change or waiting in line at the grocery store!
Becoming the most informed home owner should be at the top of your priority list! Quicken Loans is out to help you do just that with our new billing statement. So much to see! So much to learn!
We’ve learned a lot about how we can make MyQL better over the past 12 months, but we couldn’t have done it without the great comments we received from its users. With our clients’ help (and some good, old-fashioned elbow grease), we’ve developed three new features that make MyQL easier to use – and mortgages simpler to manage.