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Friday, January 15th
Quicken Loans lets you apply for your mortgage completely online, entirely with a loan officer, or a blend of both. For nearly four decades, this company has been making it easy to get a home loan at the best possible rates - and providing excellent servicing after closing as well. This lender is one of our preferred sources of home loans.
Freedom Mortgage is a well-established provider of home loans, in business for more than 30 years and with over a million customers throughout the United States. Their site can help you do some of the research as you buy your home, with tools like calculators and checklists. But, in order to get a quote, you'll have to speak with a representative: you'll find no rates or fees on their website, which makes this lender the least convenient of the online options for getting a home loan.
There's never been a better time to buy a house, with historically-low interest rates and plenty of lenders who want to help you afford the home of your dreams. With so many lending companies eager for your business, it's worth your time to carefully consider the possibilities - ensuring that you get the home loan that meets your needs and your budget.
Although you may be tempted to go the "easy route" and get a mortgage from your local bank, it's probably not your best option. Why not? You aren't as likely to get the most competitive rates and terms: your banker relies on your familiarity with them as a lender and isn't likely to work very hard to get you the lowest possible interest rate or to negotiate on your closing fees.
On the other hand, there are a number of established, trustworthy online lenders who make it possible to close on your home loan without even setting foot in a brick-and-mortar office! From start to finish, your application can be completed online, your closing scheduled for the date and time of your choosing, and mortgage payments set up to automatically debit from your preferred account. It doesn't get any easier! And, shopping around for your home loan online could save you tens of thousands of dollars in the long run: lower interest rates and closing fees keep that money in your pocket.
However, not all online sources of home loans work the same way. Some serve as a referral service, connecting you with multiple lenders and giving you an idea of their rates - but ultimately leaving it up to you to vet each one and apply for your mortgage. Others actually fund and service the loans themselves, simplifying the process and eliminating some of the hassle.
How can you decide which company to use for your home loan? Here are several important factors to keep in mind as you begin your research:
TopConsumerReviews.com has reviewed and ranked the best services and lenders for home loans today. We hope this information helps you find the perfect mortgage for your new home!
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Bloomberg on MSN.com
U.S. Mortgage Rates Surge, Hitting Highest Level in Two Months
Mortgage rates in the U.S. climbed to the highest level in two months. The average for a 30-year, fixed loan reached 2.79%, up from 2.65% last week and the highest since Nov. 12, Freddie Mac said in a ...
Thu, 14 Jan 2021
CNBC on MSN.com
Mortgage rates begin 2021 on an upward climb, motivating borrowers to ...
After setting more than a dozen record lows last year, mortgage rates began 2021 on an upward climb. That lit a fire under borrowers, who may be afraid of missing the last of the lowest rates. CNBC's ...
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