2007-03-28 09:26:39 · 4 answers · asked by Cherie 2 in Business & Finance ➔ Renting & Real Estate
I assume you're finding some attraction to the ridiculously low payments their advantage program pitches?
Are you aware that your loan balance will go up every month if that's all you pay?
Are you aware that you can get lower fixed rates than what that advantage ARM product offers?
Personally, I'd look elsewhere. They claim their product is exclusive, but it's not. They trademarked a name for their product, but dozens of other banks and lenders have the exact same or very similar product. It's not unique. Not by a longshot.
And at least you can work with someone face to face, even if that's the product you end up choosing, though I'd recommend against it.
2007-03-28 09:39:01 · answer #1 · answered by Yanswersmonitorsarenazis 5 · 0⤊ 0⤋
They are like another Mortgage Company. The only diff is that they have a known name "Quicken" and they have money.
It's better if you go to a Mortgage Broker who can give you all the options Face to Face. Also, Brokers have more Lenders/ options for you.
I am a broker in California if you need Help.
2007-03-28 17:16:27 · answer #2 · answered by yansycr 2 · 0⤊ 0⤋
have you ever had so many looking to steel your business from another company?
Quicken owns the Cleavland Cavilers, how do they get thier money? By unsuspecting people like you who have no clue as to what your about to do. too many companys bait and switch BE CAREFUL
2007-03-28 17:33:34 · answer #3 · answered by Anonymous · 0⤊ 0⤋
we used them as a last resort. only to make our first payment to them and have the account sold to another bank. I say look elsewhere if at all possible. It was way to much hassle during and after the loan process. I do not recommend them to anyone...i say run the other way as fast as you can.
good luck
2007-03-28 22:50:23 · answer #4 · answered by MontanaGirl 4 · 1⤊ 0⤋