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Quicken Loans vs Smart Quote

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QUICKEN LOANS

Quicken Loans have been in the home loan and mortgage refinance business for over 28 years and strive to close the majority of their loans within 30 days or less. They currently hold an A+ rating by the Better Business Bureau and have historically closed billions of dollars in loans each year. Much like other companies reviewed, they work with varying lenders but act as the loan processor and closer in the process.

The website is well designed and easy to follow with step-by-step instructions that eliminate unclear expectations of the Quicken process.

Inquiry Process:

  1. Complete online request identifying mortgage goal, mortgage amount, home value, credit rating, contact information and more.
  2. A Home Loan Expert calls to verify your credit score and discuss your loan.
  3. Get matched to a loan.
  4. Make a deposit to cover the loan processing costs.

You may start the loan inquiry process online for free, however an application fee exists if you decide to move forward with the loan presented by Quicken. This fee to is to cover the cost of running a credit report and managing the loan process.

Quicken Loans also provides credit repair information, in case you want or need to raise your credit score before applying for a loan. Their website provides some informative details on loan types, loan rates and more.

Quicken Loans is an strong choice for a home loan. We would have liked to have seen more information regarding their lenders and a little more loan detail before have to speak with a Quicken representative. However, if you're in the market for a home loan, Quicken Loans (877-715-0889) is a great place to start.

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SMART QUOTE

Smart Quote is newer to the home loan business and is unique from the other companies reviewed. Smart Quote essentially asks website visitors the same questions as the companies ranked higher to allow the shopper to compare the rates of several home loan referral and mortgage companies at once. It sounds confusing, we know. In a nut shell, instead of going to Quicken, Lending Tree, and more traditional lenders for their best rates, Smart Quote will do it for you. However, the information is more generalized and less specific to each client. The benefit is that if someone isn't happy with the rates they've received, they may use Smart Quote to see what other lenders are issuing loans in their state, for that size of loan.

The inquiry process is simple at Smart Quote.

Inquiry Process:

  • Input your state, loan type and amount of loan.
  • The website will provide the best rates for several companies doing business in your area.
  • The customer must then call or go to the respective website to see what they can qualify for.

Smart Quote is a good tool for those that are having trouble finding loan terms that they can be comfortable with. The challenge with using Smart Quote is that the results may not apply to that individual borrower, they are only best rate quotes and the shopper must then go to a new website to start a more official process.

The website does offer a few resources and tools such as a mortgage calculator, home affordability information, and links to some informative articles.

For those that visit the higher ranked home loan companies and are wondering if they've missed any other home loan options, Smart Quote is a tool that can help. The only downside to Smart Quote is that it's very generalized information and is likely not to apply to all customers creditworthiness.

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Home Loans

To help you find the Best Home Loans, TopConsumerReviews.com provides you with an in-depth comparison of Quicken Loans and Smart Quote.

Today, home loan rates and home prices are very favorable to the buyer. Not only can you find a great home at a good price, you can usually borrow money at very affordable rates. And lending companies are once again eager to loan money to well qualified buyers.

A savvy home buyer should take the time to determine which home loan lender has the best home loan rates. Shopping for the right home loan can save you thousands of dollars in interest and mortgage payments. A low home interest rate can also enable you to pay off your home loan years ahead of schedule.

Traditionally this involved visiting different banks and lending institutions, filling out paperwork, and waiting for a reply to come in the mail. Using the internet, however, makes this process much easier. With this latest trend in finding a home mortgage, you can easily browse through offers from a variety of lenders in the comfort of your own home. You'll find that online home loan lenders often offer the best home loan rates.

Before you begin your home loan search, you should consider the following:

  • Application process. What is the process of inquiring for a home loan? Can you expect a phone call or does the home loan company offer a more convenient online application process?
  • History. What might you qualify for, given your credit history, size and type of home loan desired? Does the home loan company have a history of effectively and professionally assisting consumers?
  • Number of Lenders. How many lenders does the company work with to find you the best home loan rate? How does this compare?

TopConsumerReviews.com has reviewed and ranked the best Home Loans available today. We hope these reviews help you find the loan that meets your financial needs!



Home Loans In The News

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Think You Can't Own Your Own Home Free Dollar Bank Mortgage Workshop Shows You How You Can.

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Published:  Mon, 24 Sep 2018 10:25:00 GMT



How to figure out the best time to buy a home, according to a mortgage analyst

Buying your first home is one of the biggest investments you will make in your lifetime. With housing prices on the rise in many US markets, it can be difficult to find a home that fits your family's ...

Published:  Mon, 24 Sep 2018 08:47:00 GMT



Lincoln Financial Group Names John Foley as SVP, Head of Mortgage and Real Estate

Lincoln Financial Group (LNC) announced today that John Foley has been named senior vice president, head of Mortgage and Real Estate, effective today. In his new role, Foley will lead our ...

Published:  Mon, 24 Sep 2018 07:20:00 GMT



CenterState buys Atlanta bank's mortgage team

CenterState Bank Corp. (NASDAQ: CSFL) continues to dive deeper into Georgia, buying a mortgage team from Atlanta-based State Bank Financial Corp. (NASDAQ: STBZ). Florida-based CenterState said Monday ...

Published:  Mon, 24 Sep 2018 11:44:00 GMT



Can my ex-partner get a mortgage deal so she can stay in our house

Q My partner and I bought a house together as tenants in common with a four-year fixed-rate mortgage. The house was £370,000 and the deposit was £150,000 which I had inherited on my dad's death, and w...

Published:  Mon, 24 Sep 2018 03:33:06 GMT



Just Approved: Borrower in targeted census tract gets loan with no mortgage insurance

Rate: 4.5 percent with no points. Backstory: My client was a single woman who was looking for a condo in the Bay Area. She had a tight budget and didn't want a payment that would prevent her from trav...

Published:  Mon, 24 Sep 2018 11:07:00 GMT




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