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Updated over 5 years ago on . Most recent reply

Account Closed
  • Ashville, OH
2
Votes |
1
Posts

Quicken Loans vs. traditional bank

Account Closed
  • Ashville, OH
Posted

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?

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1,155
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Melvin List
  • Lender
  • Tampa, FL
379
Votes |
1,155
Posts
Melvin List
  • Lender
  • Tampa, FL
Replied

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
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C2 Financial

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