Understanding the 30-Year Fixed-Rate Mortgage
The 30-year fixed-rate mortgage has been America’s most popular home loan choice for several generations for many great reasons. 30-year fixed mortgages offer a low rate and payment that don’t change...
View ArticleLessons Learned About VA Loans
I’ve gotten three VA loans since getting honorably discharged from the Army: one to buy a home and two to refinance. I got one other mortgage that was a conventional 30-year fixed because my mortgage...
View ArticleFixed-Rate Mortgages
As of April 20, 2020, Quicken Loans® isn’t offering conventional adjustable rate mortgages (ARMs). Fixed-rate mortgages – also called conventional mortgages – have been the most popular home loans for...
View ArticleHARP and Loan Modification – Making Home Affordable Program: Refinance Relief...
Editors note: We have some great news! Quicken Loans allows refinances of up to 200% of your home’s value on mortgages owned by Fannie Mae and Freddie Mac through the HARP Program. In order to...
View ArticleHow Low Are 15-Year Mortgage Rates and Why?
For the millions of avid followers that I have for my Thursday morning mortgage reports, I know that you all have noticed an interesting trend. Yes – mortgage rates ticked up higher this week after a...
View ArticlePros and Cons of the 30-Year Fixed-Rate Mortgage
The 30-year fixed-rate mortgage is as American as white picket fences. Like apple pie, the 30-year fixed has been fueling the American Dream for decades. With all the different types of mortgages and...
View ArticleFinding the Down Payment for Your Investment Property
You’ve heard that investing in property can be quite profitable. Whether you plan to flip it (buying a property, fixing it up, then selling for a profit) or rent it out, real estate is a way to expand...
View ArticleTop 5 Reasons to Refinance a Home Mortgage
We’ve written extensively about the current mortgage boom Americans are taking advantage of in record numbers. Here at Quicken Loans, interest in refinancing is at levels we haven’t seen in years. But...
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