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looking to buy a home, have not so great fico score, and need a mortgage broker/banker

2007-02-14 08:39:18 · 3 answers · asked by sisterj392000 2 in Business & Finance Renting & Real Estate

3 answers

My experiance with Quicken Loans was only quasi pleasant. They return your calls quickly and are mostly pleasant to work with. The problem I had, was they quickly prequalify you, and will not work with you if you don't fit into their ideal profile. My income comes from rental properties, and they wouldn't consider income from any rental properties I'd owned less than two years.

2007-02-14 10:18:42 · answer #1 · answered by ? 5 · 0 0

Talk to friends, family, coworkers. Get some referrals to brokers or bankers in your area that they've had success with. Shop around to several of them. You might get 4 similar answers, you might get 4 completely different offers.

There's probably nothing wrong with Quicken, but I personally wouldn't want to buy my first home and never be able to meet my banker face to face. Also, Quicken might not have as big of a product mix as some other brokers, so they may not have the best program for your needs and qualifications. Talk to them if you like, but do shop around a lot locally.

2007-02-14 09:00:59 · answer #2 · answered by Yanswersmonitorsarenazis 5 · 0 0

Dunno about the quicken loan but you could try lendingtree.com-where banks compete against each other to give you a better rate.

2007-02-14 08:52:00 · answer #3 · answered by Anonymous · 0 0

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