Before you think about buying a home, you need to make sure you do your homework on mortgages, and understand the terms you’re accepting. Sometimes, borrowers overlook the basics like interest rate, length of loan term, and the total amount of interest paid. These factors are extremely important to understand.
Secondly, in order to qualify for the best mortgage rates available, you need to have good credit. That’s simply the key to finding the best mortgage rate and locking in your payment for the term you prefer. You can read more about credit rating here.
Preferred Mortgage Provider – Quicken Loans
We’re glad to feature Quicken Loans as a preferred mortgage provider. Quicken Loans is the largest online mortgage lender and 5th largest retail mortgage lender in the country.
Here are some other highlights to note about Quicken Loans
- “Highest in Customer Satisfaction for Primary Mortgage Origination” from J.D. Power and Associates
- Fixed terms from 8-30 years
- Rate Drop Advantage – Quicken loans will pay certain closing costs if you refinance during a 7 year period. An great way to make sure you’re getting the best rate possible.
- Over 25 years of serving homeowners.
Stay tuned for an interactive rate comparison chart.