Updated almost 6 years ago on . Most recent reply
Quicken Loans vs. traditional bank
I'm trying to get the ball rolling on my first deal and get pre-approved for a loan. I've researched Quicken Loans and even started the application process to get pre-approved, and it seems like it will be legit and pretty easy. Can anyone offer some advice on this route vs a brick and mortar bank for a fist time buyer?
Most Popular Reply
I would reach out to a broker that is approved with Quicken and save yourself some money. Quicken has a great processing system but if you call them directly versus calling a broker approved to do business with them you will have a higher rate by roughly a .25% and $800-$1000 in origination fees.
- Melvin List
C2 Financial