Wanna get a home loan anyone go with eloan or quicken loans are they good anyone have them?
Question:
Answer:
Eloan and Quicken Loans are both big lenders with good reputations. However, they have a way of doing business that may not work for all situations.
They are what's called "A Paper" lenders so they only loan to borrowers with the very best credit and even then they may have issues.
They also spend a lot of money on advertising and they are still able to offer extremely low rates. They are able to do this and still make a profit by paying there loan agents very little compared to the average and not giving them very much training.
If these agents come across a situation that is not "cookie cutter" they may have a tough time addressing the issue even if you have great credit.
Overall, I think they are fine if you want a low rate at the expense of customer service. Which is fine if you are doing a refinance and the rates are not about to go up and you don't need any cash right away. If, however, you are purchasing a house or you have a slightly unique situation I would avoid them.
Email me if you'd like me to take a look at what I can do for you. If someone can get you a better loan, I will be the first to tell you.
I think both eLoans and quicken loans have good mortgage products. I'm sure both of them have awful, ARM and balloon loans too. Just be sure you are getting a fixed rate with no points and no origination fees. The mortgage jargon for this type of loan is a 'Par quote'.
As oneof the other answerers stated above, I'm sure both have great products so long as you are careful about which product you are wanting. But as for first-hand experience with either I can't help you. However Bankrate.com is a top-rate venue for discovering info on any kind of investment other than the stock market. And this guy is one of their very best at mortgage info. Link to this & read Holden Lewis' Mortgage Matters Blog. You'll find him & bankrate a terrific source for questions of your kind:
write in details your credit score ,state you are in ,value of house you wanna buy ,the annual income to kishaloy_bhowmick@yahoo.com and will inform you of your options !!!!11
regards,
kish
480.751.4125.
Loan Officer
Yes, ELOAN, Quicken Loans, and Choice Finance are all lenders and are all good. Stay clear of Lending Tree, they give your name to the many advertisers in their network who will solicit you heavily.
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