Quicken Loans is the 5th largest retail home loan lender in the United States according to national Mortgage News and that is what first attracted me to their website for a home loan. Then I saw all they have to offer and decided to give them a try for my mortgage loan, what a surprise. I now know enough about mortgage loans from the information they provide to understand how they work, that using a calculator to determine mortgage payments and other tools.

Quicken Loans Features

• It is possible to speak to a representative with live chat, email or by telephone

• The home loan expert will go through the mortgage process with you, they will help guide you to the best possible decision for your home loan.

• There will be a financial analysis, in which your credit history will be checked. This will help to provide loan options and is done by all lending institutions.

• A Good Faith Estimate will be sent to you and after you agree your application is prepared and your deposit is accepted. This can be done online at the Quicken Loan website that is secure. The deposit will cover the cost of your credit report, appraisal and title process.

• There is a video that explains the Quicken Loans deposit and the steps of applying for a mortgage. This video is one way to begin learning about the home mortgage loan.

• A property appraisal is done when buying a home or refinancing that can help safeguard the new home buyer from over paying for the property. The appraisal will be done by a 3rd party. There is video information to learn about appraisals on the Quicken Loan website. This 3rd party appraiser will ensure that the home or property is worth the asking price and if it is not it can provide you with leverage to offer a price within what the appraisal was.

• Your financial information is verified and then the loan will be closed and underwritten.

• There are tools that can help you determine what kind of home loan you should look for like the mortgage calculator that can show you at an interest rate you put in and the amount of years what your monthly payment would be.

• There is information and videos that explain the loan process, refinancing, reverse mortgages, loan options mortgage rates and other information about home loans.

The more educated you are about a home loan the better chance you have of getting the right one for your situation, because every potential home buyers situation is unique. The Quicken Loan experts can help lead you to the right mortgage loan with your goals in mind and that is a definite plus when looking for a home mortgage loan. This is also a company that has been providing home loans since 1985 and has been trusted by thousands of home buyers.

It was the best place for me when I needed a home loan, because of the experts that can help lead you through the process and help you to select the right loan for you. This is important since a home loan is the largest loan you will ever take and it will be many years of payments until the deed to the property is yours. The best part of this is with Quicken Loans the process is explained thoroughly, there are experts to help and it is an easy process that can be done from home, instead of having to drag all your papers out to lenders looking for a promising home loan.