Making the Most of Your Preapproval Letter - Quicken Loans Zing Blog

Making the Most of Your Preapproval Letter

Getting a mortgage is often referred to as “the mortgage process,” with an emphasis on the “process” part. It’s not a one-and-done type of event (as much as we all want it to be), but getting preapproved can set you up for success. When you get preapproved you get a beautiful document called a preapproval letter, also known as your PAL. But before we get ahead of ourselves, let’s nail down the preapproval basics.

Continue Reading
Why You Should Consider a 15-Year Fixed Mortgage Now

Why You Should Consider a 15-Year Fixed Mortgage Now

If you have a 30-year fixed mortgage with a rate of 4.5% or higher, there’s great news. Right now, a 15-year fixed is about 1% below the 30-year fixed rate. That means you could save thousands of dollars of interest over the life of your loan by refinancing to a 15-year fixed. If you’re interested in seeing if you could save money, enjoy a low interest rate, or pay off your loan faster, you owe yourself a chance to get a Quicken Loans Mortgage Review today!

Continue Reading
Eight Common Ways to Hold Title

Eight Common Ways to Hold Title

If you’re wondering what that phrase after your name on a deed or title is, then this is the right blog for you! When title companies determine how you will hold title they will look at your “vesting” deed, which is your most recent deed. Determining how to hold title depends on an individual’s current situation, and how that person wants to pass ownership in the event of death, divorce or sale of their real estate.

Continue Reading