Quicken Loans specializes in providing home finance products, and offers a quick, streamlined application and approval process with minimum paperwork, along with personalized expert advice on choosing the right type of loan. Applications can be made online or over the phone, and can be processed in as little as 15 days. More information is available at http://www.cashedup4u.com
Quicken offers a complete range of home finance plans, to suit the individual needs of homebuyers and homeowners. A home purchase loan can work on either a fixed or an adjustable interest rate. A fixed rate mortgage is best suited to homebuyers who like to have the security of a set repayment throughout the life of the loan, and plan to stay in the home for at least seven years.
An adjustable rate plan is a little riskier, but lower rates are offered to balance the risk, and lower monthly repayments make it possible for customers to afford a higher priced property than they otherwise would. Adjustable rate mortgages very often work out much cheaper through the life of the loan. What’s more, Quicken Loans offers customers the flexibility to restructure their ARM at any time they choose, and there are no penalties for repaying the loan early.
Quicken Loans also offers a variety of innovative home purchase finance products, including the Smart Choice Interest Only loan, which gives borrowers the flexibility to choose to pay either interest only in a given month, or combined interest and principal. This is suitable for borrowers who want low repayments, to free up their cash for other purposes.
Homeowners can choose from a range of refinance plans, to get a better mortgage deal if personal or financial conditions have changed since the loan was established. Home equity loans and lines of credit give homeowners the opportunity to use the equity in their home to gain access to low interest finance for a car, boat, home improvements, college fees or any worthwhile purpose.
Author: Sufi Fanning
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