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quicken loans are they reliable

Started by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006
Discussion about
hello, would you advise me to go with a traditional bank or take a company like quickenloans.com. i recently talked to this company who was willing to give me a 5.5% rate for a fixed 30 years loan instead of 6.5 %. is it dangerous with a non tradtional bank for a loan?
Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

i would stay away from quicken loans... my experience is that their rates are higher and their paperwork are a bit fishy. try researching your rates at www.bankrate.com - there's tons of banks who will compete for your business. that site offers all of ny local banks and their rates, as well.

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Response by anonymous
almost 19 years ago
Posts: 8501
Member since: Feb 2006

They are mortgage brokers, may as well go with someone local.

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