Transferring your mortgage to another lender is common within the industry. At Quicken Loans, we’ll inform you who your new servicer is, where it’s located, and where your payments should be made.
A new initiative allows eligible jobless homeowners to defer mortgage payments while they seek employment.
The Federal Housing Administration (FHA) could possibly shut down. If this occurs, a valuable source of mortgage credit for homebuyers will no longer be available.
Federal Reserve Chairman Ben Bernanke hopes streamlining mortgages and the buying process will help the housing market.
Quicken loans is pleased to offer CEMA loans because clients only have to pay taxes on the amount of the new loan that is above and beyond their current unpaid principal balance, such as closing costs or cash out.
Quicken Loans is pleased to offer YOURgage: Your Mortgage on Your Terms. Instead of a typical 15- or 30-year loan, the new program gives clients control of determining the length of their mortgage by choosing a term between 8 and 30 years.
Good news has returned for consumers interested in FHA loans who may not have qualified in previous months. At Quicken Loans, consumers may now qualify for an FHA loan with a credit score of 580 and above.
If you’re looking to buy or refinance, add the 7-year ARM to your list of options to consider. A 7-year ARM means you’ll have a longer low-rate period before adjustment, giving a 2-year advantage over the 5-year ARM.