Types of Adjustable Rate Mortgages – Watch-It Wednesday

Types of Adjustable Rate Mortgages – Watch-It Wednesday

Good afternoon, Zingers! Welcome to our brand spankin’ new blog and our first installment of Watch-It Wednesday – ZING Edition! It’s the same weekly video blog you came to know and love on Quicken Loans Mortgage News! We receive a lot of questions about the types of adjustable rate mortgages we offer so we went to Quicken Loans President, Jay Farner, for some answers. Not only does Jay provide valuable insight into the types of adjustable rate mortgages that Quicken Loans offers, but he also debunks some of the myths surrounding this mortgage. It turns out that ARMs are actually more popular than you may think. Take it away, Jay: ARM Explanation Quicken Loans Commercials Jay Farner If you can’t see the embedded video, watch our Adjustable Rate Mortgages Explained video here. Got something to say? We’d love to hear from you! Email us at content@quickenloans.com and we just might feature your question or comments in an upcoming blog post! Video Transcription: Hi, I’m Jay Farner – President of Quicken Loans, and I’m here today to tell you about a mortgage that’s a great option for many people. It’s called an adjustable rate mortgage, or an ARM, and I’ve had an ARM on my home for years. Now, that might surprise you. In fact, I’ve talked to many clients who initially have a concern when we begin discussing an adjustable rate mortgage. They’re not sure if it’s safe, or if it’s the right loan for their situation. So you might…

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The Wienermobile Tour Hits Detroit!

The Wienermobile Tour Hits Detroit!

Today was a very exciting day in Detroit. The Oscar Mayer Wienermobile made a stop on the Detroit Riverwalk! Of course, several Quicken Loans team members had to go down to grab a free hot dog with fancy toppings provided by Detroit BBQ sensation, Slows BBQ. I enjoyed the free hot dog, as I am known to enjoy both hot dogs and free food of any kind – so putting them together really made my Tuesday. But what I was more impressed by was the really cool way that Oscar Mayer is promoting their dogs. Every year, Oscar Mayer selects a new group of Hotdoggers. This rag-tag bunch of hot dog lovin’ kids travel the country in their 27 foot long hot dog car, bringing joy and satisfaction to the hoards of people that await the giant mobile. Not a bad way to spend the summer. We met our very own Hotdogger who took our picture in front of the Wienermobile. His name tag said Dylan but he asked us to call him by his Hotdogger name, which was Delicious. He said he just graduated from Hot Dog School, where he didn’t learn how to cook hot dogs, but he learned everything there was to know about them and probably how to drive the Wienermobile. Honestly, I was really into my hot dog with chorizo & cheese sauce so I may have drifted in and out of the conversation (sorry, Delicious! The hot dog was THAT good!). Thanks to Oscar…

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FOMC Meeting Begins on Tuesday – Market Update

FOMC Meeting Begins on Tuesday – Market Update

Treasuries and mortgage-backed security prices are opening higher this morning after the EU failed to agree on terms of additional aid to Greece to help them avoid defaulting on their debt. Some of the key economic reports this week include May new home sales and the May durable goods report. The headline report for the week will be the FOMC meeting that begins on Tuesday and the resulting policy statement and press conference on Wednesday.

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