Experiences with Quicken Loans?

[Nicole S.]

Has anyone ever used QuickenLoans for funding investments? I contacted them last week and got pre-approved in 30 minutes. It was a great experience. Almost too good to be true. Anyone have any experience, good or bad?

Thanks!,

Nicole

[Wayne Brooks]

Their preapprovals are worthless....we never accepted a contract with their preapproval.  You need to sit down with a local lender, give them your tax returns, pay stubs, talk about seasoning down payment money, reserves required, etc, etc.  There can be plenty of things about you, your finances, employment history, background, etc that they have not checked yest.....but this will All be checked prior to funding a loan....problem is you don't know what may be a problem, and what won't.