Mortgage rates and loans are very important for those people and families who want to have their own houses to make into their home. We all know that the real estate business as of today has reached an all-time low because of the recession. With all of these, there have been many families that lost their houses due to foreclosure. However, the advantage of this is that new buyers can get houses at low prices, and better yet, at affordable mortgage rates. There are a lot of financial companies that these families can go to and one of these is Quicken Loans.
About Quicken Loans
Quicken Loans is a very reliable and stable company that is helping a lot of people through their affordable mortgage rates. It is also recognized as one of the largest lenders online. The same company was also recognized to have funded an amount of over $30 billion in mortgage loans. Right now, their 30 year fixed loans are appealing to many borrowers.
Fixed loans are structured in such a way that the rates will remain the same upon lock in and until the maturity of the loan. This means no fluctuation in interest rates as compared to adjustable rate mortgages. 30-year fixed loans are most popular because the length of time helps keep the monthly payments low. This will also help in refinancing specific percentages of up to 95% in the owner’s primary home value. You can get loans from $25,000 to $ 2,000,000. The 30 year fixed mortgage rate is 3.875% with an APR of only 4.05 %.
The lower the mortgage rate, the lesser you’ll pay in terms of interest. What’s more, borrowers will not be charged any pre-payment penalties. For those who are still looking for the perfect mortgage, Quicken Loans might just offer the right mortgage for you.