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Quicken Loans | Mortgage Refinance Option

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Quicken Loans is a Michigan-based company founded in 1985 to generate retail mortgage lending solutions all over the United States. They provide mortgage refinance, adjustable-rate mortgages, fixed-rate mortgages, fixed-rate VA loans, VA adjustable-rate mortgages, jumbo loans, reverse mortgages, and others. They're a BBB-accredited business with an A+ rating, and a five-star TrustPilot score.

Quicken loans is one of the country’s leaders in online mortgages. It offers homeowners searching for mortgage refinancing an easy online portal when applying for a loan. Other home loan services include home equity, FHA and VA loans and reverse mortgages. Its mortgage refinance service allows homeowners to lower monthly mortgage payments or even pay their mortgage quicker. This can be done by switching from their current mortgage plan with Quicken Loans.     

Types of Home Refinance Mortgages

  • Fixed Rate Mortgages
  • Adjustable Rate Mortgages

Other home loan options

  • Refinance with HARP
  • Home equity
  • Debt consolidation
  • FHA streamline refinance
  • VA loans
  • Reverse mortgage

 

Qualifying for Mortgage Refinance

 

Credit Score

620

Income to Debt Ratio

50% or more

Years Employed

2 years

Loan Terms

Up to 30 years

 

 

Refinance Mortgage Rates

 

 

Rate/ APR

Closing Costs

Points

Monthly Costs

30 Year FRM

3.99%/ 4.243%

$5,143

1.75

$716

15 Year FRM

3.625%/ 3.565%

$5,518

2

$685

7 Year ARM

3.75%/ 3.684%

$5,518

2

$695

Mortgage rates are for a home with a current market value of $300,000 and a balance of $150,000.

640 credit score or better.

Why Mortgage Refinance at Quicken Loans

Quicken Loans does not only offer mortgage refinancing services but also gives homeowners a variety of home loan options. Part of its services include home equity loans, reverse mortgages, FHA and VA loans. Quicken Loans’ mortgage refinance service lets you lower your mortgage payments and even lets you pay your mortgage faster. Mortgage calculators makes it easy for you to get a quick quote online. With mortgage rates competitively priced and a variety of home loan programs, Quicken Loans is an good choice for mortgage refinancing shoppers.


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