![]() You may receive prequalification without the lender checking your debt-to-income ratio or credit score. This helps you determine how large of a mortgage you can afford and the types of loans you’re likely to qualify for.Ī prequalification is different from a pre-approval because it only shows that you’ve been pre-screened for a home loan but not yet approved. PrequalificationĪfter you apply for a loan with Quicken Loans and speak with a representative, you may receive a prequalification letter. To complete your mortgage application, you must speak with a representative on the phone. You can also use the online service to chat with a representative or upload loan documents. Provide your information as requested and create an account to check on your loan status. With Quicken Loans, you’re able to begin the mortgage application process online. After you’ve closed on your mortgage, you can also use the app to make payments or check your loan balance. Download the Rocket Mortgage mobile app for iOS or Android operating systems to keep track of your home loan status from your smartphone.Īfter you’ve signed up for an account with Quicken Loans, you can sign into the app from your mobile device to receive loan updates and chat with a representative. Quicken Loans offers several services within its smartphone app through Rocket Mortgage. The lender generally charges a 0.5% to 1% origination fee, depending on your finances and the type of mortgage you qualify for. When you apply for a mortgage through Quicken Loans, you’re provided with a breakdown of the costs of buying a home, including closing costs and origination fees. The representative you begin the application with is the same one you’ll speak to throughout the process. You can call and speak with a representative for assistance, no matter where you are in the process. While Quicken Loans emphasizes the convenience of shopping for a mortgage or refinancing your home loan online, the company also provides access to lenders by phone. Quicken Loans offers several features that make the mortgage application and servicing process easy. You can log into your account to view your loan balance, ask a representative for help, and make your monthly mortgage payment. Once you’ve completed the mortgage application or refinancing process, Quicken Loans is likely to also service your loan throughout its term. Call a representative to complete the application process or upload information as needed and sign your loan documents electronically. The company provides you with different loan options and you can choose the one that’s best for you. Quicken Loans analyzes the information you provide to identify the types of loans you qualify for. If you’re thinking about applying for a mortgage, you can use the company’s website or smartphone app to provide your financial information and details on the home you’re looking to buy. Quicken Loans is a private lender that allows potential borrowers to get pre-approved for a mortgage online or by phone. What Is Quicken Loans and How Does It Work? ![]() 1 What Is Quicken Loans and How Does It Work?.Credit Score and Credit Report Resources.How to Get a Free Equifax Credit Report. ![]()
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