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The Home Loan Experts guide to getting and keeping good credit
Smart Credit Guide
Welcome! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
What Is Credit? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Credit Bureaus & Credit Reports . . . . . . . . . . . . . . . . . . 5
What is a credit score? . . . . . . . . . . . . . . . . . . . . . . . . . 6
What determines my credit score? . . . . . . . . . . . . . . . . 6
Interpreting Your Score . . . . . . . . . . . . . . . . . . . . . . . . 7
How Quicken Loans Interprets Your Credit Score . . . . 7
Ten Ways to Improve Your Score . . . . . . . . . . . . . . . . . 8
Improving Your Overall Credit . . . . . . . . . . . . . . . . . . . . 9
How To Clear Up Credit Report Inaccuracies . . . . . . . . 10
Sample Dispute Letter . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Debt Danger Signs . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12
25 Suggestions For Trimming Your Budget . . . . . . . . . . 13
Identity Theft. What to do about it . . . . . . . . . . . . . . . . . 15
Quicken Loans Mortgage Programs. . . . . . . . . . . . . . . 16
Our More Powerful Home Loans . . . . . . . . . . . . . . . 17
How we can help . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
2 SMART CREDIT GUIDE QUICKENLOANS.COM I 800-QUICKEN LOANS
Inside:
Your Smart Credit Guide
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Understanding credit is an important
step toward making better financial
choices. With the Quicken Loans
Smart Credit Guide, you’ll understand
how credit works and how you can
get and maintain good credit.
At Quicken Loans, we believe that
when you know all your options and
how each one effects your credit,
you’re in a much better position to
make the right financial decision.
Welcome!
Quicken Loans is America’s #1 Online
Mortgage Lender, and one of the largest
home loan lenders in the country. We
help thousands of homeowners every year
realize their financial dreams with the right
home financing for their situation.
Quicken Loans and The Smart Credit Guide
will help you take care of your good credit.
If your credit has suffered for whatever
reason, we will give you the tools you need
to get back on track – all you will need is
discipline and desire.
What is credit?
4 SMART CREDIT GUIDE QUICKENLOANS.COM I 800-QUICKEN LOANS
Quicken Loans lends you money because
we believe you will pay it back. This belief
is based on a number of things: your
income, the amount of debt you already
have, how much you’ve borrowed in the
past, and your payment history, to name a
few.
Like all lenders, we charge a fee to borrow
money. That fee is interest. The rate at
which we charge interest (interest rate)
also depends on your income, the amount
of debt you already have, etc. Because of
these variables, not everyone will get the
same interest rate, or be able to borrow
the same amount of money.
Credit makes it possible for you to pur-
chase things that you could not ordinarily
pay for with cash - big ticket items such
as cars and houses. Without credit, most
people would not be able to afford these
things without years of scrimping and
saving. Your credit is a valuable asset that
needs to be managed carefully.
Think of credit as a lender’s confidence
in your ability and intention to pay back
the money you’re asking to borrow
from them.
5 SMART CREDIT GUIDE QUICKENLOANS.COM I 800-QUICKEN LOANS
A credit bureau (also called a credit
reporting agency) gathers, maintains,
and sells information about your credit
history. It collects information about your
payment habits from banks, savings and
loans, credit unions, finance companies,
and retailers. That information is gathered
into credit reports that are used by
creditors or lenders.
Credit Bureaus & Credit Reports
Your credit report contains your credit history. It includes all
of your loan and credit card accounts and details specific ac-
count information, such as the date opened, credit limit or loan
amount, balance and monthly payment. It also includes late
payments, bankruptcies, liens, and collection agency attempts
to collect past dues amounts.
It’s important to maintain a good credit history. (Financial experts
advise to check your credit report once a year for inaccuracies.)
A good credit history means you’re eligible for the best rates,
whereas a poor credit history subjects you to higher rates and
possibly being turned down for credit.
A 2004 Federal law now means that you’ll soon be able to get
a free copy of your credit report every year from each of the
three major credit reporting agencies. Eligibility for free yearly
reports is being phased in on a state-by-state basis and should
be complete by September 1st, 2005.
Go to AnnualCreditReport.com for more information.
Here are the three main credit bureaus or
reporting agencies. Contact one of them
for your report. You can easily order online.
Equifax
www.equifax.com
Information Service Center
P.O. Box 740241
Atlanta, GA 30374-0241
1-800-685-1111
Experian (TRW)
National Consumer Assistance Center
www.experian.com
P.O. Box 949
Allen, TX 75013-0949
1-888-EXPERIAN (1-888-397-3742)
Trans Union Corporation
www.transunion.com
Customer Disclosure Center
P.O. Box 390
Springfield, PA 19064-0390
1-800-888-4213
1. Payment History (approximately 35% of your score)
The factor that has the biggest impact on your score is
whether you’ve paid past credit accounts on time. However,
an overall good credit picture can outweigh a few late pay-
ments, and late payments will continue to have less impact
over time unless the late payment is a mortgage payment.
2. Amounts Owed (approximately 30%)
Having credit accounts and owing money doesn’t mean
you’re a high-risk borrower. But owing a lot of money on
numerous accounts can suggest that you are financially
overextended and more likely to make some payments late
or not at all. Part of the science of scoring is determining
how much debt is too much for a given credit profile.
3. Length of Credit History (approximately 15%)
In general, a longer credit history will increase your FICO
score. It shows that you can responsibly manage your
available credit over time. However, even people who have
not been using credit very long may get high scores, de-
pending on how the rest of their credit report looks.
4. New Credit (approximately 10%)
People today tend to have more credit and to shop for credit
more frequently. But opening several credit accounts in a
short period of time can represent greater risk - especially for
people with short credit histories. Requests for new credit
can also represent greater risk. However, FICO scores are
able to distinguish between a search for many new credit
accounts and rate shopping. FICO scores generally do not
equate your rate search with higher credit risk.
5. Types of Credit in Use (approximately 10%)
Your FICO score will reflect a combination of credit cards,
retail accounts, installment loans, finance company ac-
counts and mortgage loans. While a healthy mix will im-
prove your score, it is not necessary to have one of each,
and it is not a good idea to open credit accounts you don’t
intend to use. The credit mix usually won’t be a key factor
in determining your score, but it will be more important if
your credit report doesn’t have much other information on
which to base a score.
What is a credit score?
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Your credit score, or FICO score, is a number that reflects your financial
responsibility and helps Quicken Loans decide if you’re a good credit
risk or not. Your score is based on – but not part of – your credit report.
It’s generated at the time of request, then included with the report.
What determines my credit score?The five factors that determine your Credit Score are:
How Quicken Loans Interprets Your Credit Score
At Quicken Loans we try to match your
current FICO score with the best mortgage
possible out of over a hundred loan pack-
ages that we offer. Our mortgage bankers
take the time to evaluate your financial
situation and offer expert advice.
Quicken Loans wants to be confident that
your credit score is accurate. This way we
can offer you the best rates available for
your situation. We will work with you to
clarify errors and offer you the products
and pricing that your accurate credit his-
tory has earned you. We help clients every
day who think they can’t qualify for a
home loan because of lower credit scores.
7 SMART CREDIT GUIDE
Your credit score lists up to four reasons
why your score is not currently higher.
These reasons can be very useful in
helping you determine how you might
improve your score over time, and whether
your credit report might contain errors.
Interpreting Your Score
If you already have a high score (for example, in the mid-700s or
higher) some of the stated reasons for credit concerns may not be
very helpful, as they may reference the factors that have the least
impact on your score, such as: length of credit history, new credit and
types of credit in use.
Here are the ten most common explanations:
• Serious delinquency – You have one or more accounts with late payments
• Serious delinquency, and public record of collectionfiled – you have one or more accounts that have gone to a collection agency
• Time since delinquency is too recent or unknown– Your have one or more accounts that are recently past due
• Level of delinquency on accounts – Your accounts are 60 to 90 days or more past due
• Number of accounts with delinquency – You have numerous past due accounts
• Amount owed on accounts – You have too much debt
• Proportion of balances to credit limits on revolving accounts is too high – the balance on your credit cards is too high
• Length of time accounts have been established – your credit history is not long enough to show responsible credit management
• Too many accounts with balances – concern over your debt load
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1. Pay your bills on time.
It’s the best way to improve your score, and it’s never too
late to start. Even if you’ve had serious delinquencies in
the past, these will count less over time.
2. Keep credit card balances low.
High outstanding debt can pull down your score.
3. Check your credit report for accuracy.
There may be inaccurate information on your credit report
that can be easily cleared up. (See How To Clear Up Credit
Report Inaccuracies.)
4. Pay off debt rather than moving it around.
Consolidating your credit card debt onto one card or spread-
ing it over multiple cards will not improve your score in the
long run. The most effective way to improve your score is
by simply paying down the amount you owe.
5. Keep your credit cards - but manage them responsibly.
In general, having credit cards and installment loans that
you pay on time will raise your score. Someone who has
no credit cards tends to have a lower score than someone
who has managed credit cards responsibly.
6. Don’t open multiple accounts too quickly, especially if
you have a short credit history.
This can look risky because you are taking on a lot of pos-
sible debt. New accounts will also lower the average age
of your existing accounts, something that your FICO score
also considers.
7. Don’t open new credit card accounts you don’t need.
This approach could backfire and actually lower your
score.
8. Don’t close an account to remove it from your record.
A closed account will show up on your credit report and
may be still factored into the score. In fact, closing ac-
counts can sometimes hurt your score unless you also
pay down your debt at the same time.
9. Shop for a loan within a focused period of time.
FICO scores distinguish between a search for a single loan
and a search for many new credit lines, based in part on
the length of time over which recent requests for credit
occur.
10. Contact your creditors or see a legitimate credit coun-
selor if you’re having financial difficulties.
This won’t improve your score immediately, but the soon-
er you begin managing your credit well and making timely
payments, the sooner your score will get better.
These tips won’t create a dramatic over-
night jump in your credit score. Develop-
ing a solid credit history takes time.
Ten Ways to Improve Your Score
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There are no quick fixes for improving your credit score. But you can
raise your score over time by demonstrating that you consistently man-
age your finances responsibly. Here are ten ways to raise your score:
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If you have a history of poor credit or think
that you might, it’s important that you find
out and then take the steps to improve it.
It will take time, but with discipline, you
may expect to see improvement in as early
as six months. Creditors are interested in
a track record. You’ll have to prove that you
consistently pay your creditors on time
and that you can effectively pay down your
debt. Here’s the simple plan:
Improving Your Overall Credit
1. Know what’s on your credit report and resolve any discrepancies.
See page 10.
2. Develop an action plan to pay your bills on time and execute it.
You can start this today, even before you take a look at your credit re-
port. Contact your creditors to review your payment options and catch
up with any late payments. Focus on ways to reduce your spending.
(See suggestions below.)
3. Stop using credit cards now. Paying down your credit card bal-
ances will not only improve your credit rating over time, but you’ll be in
a better position to negotiate a lower interest rate for your cards.
4. Do not live beyond your means. Make paying your bills and buying
only essential items your main priority. Carefully weigh the importance
of all new purchases against the grater importance of reestablishing your
good credit.
Getting a handle on your spending, paying bills on time, and paying
down credit cards takes a long-term commitment and self-control. It
won’t always be easy, but the effort will pay off once you see your
credit improve.
10 SMART CREDIT GUIDE
It can be time consuming to rid your credit
report of mistakes, but it’s worth doing.
Start by ordering a copy of your credit re-
port to review from one of the three credit
bureaus listed on page 5.
How To Clear Up Credit Report Inaccuracies.
Although most national lending institutions report consumer credit
information to all three credit bureaus, smaller banks and other credit
grantors may report only to one or even none. Therefore, your credit
report may vary from one credit bureau to another. If you’ve occasion-
ally applied for credit from smaller creditors, check your report from
all three agencies.
Look carefully. Circle anything that seems wrong, keeping in mind
that balances may be off by a few payments because recent pay-
ments may not have been recorded at the time you ordered the re-
port. Make copies.
Disputes must be made in writing, on paper, through regular mail.
Use the letter on the next page as a guide. In your letter, give a de-
tailed explanation to the best of your ability as to why the information
in your report is wrong and should be changed. You must also include
documentation that supports your assertion. For instance, if your re-
port says that a credit card is active, but you know it’s closed, you
must show proof that it’s been closed, which you may have to obtain
in writing from the credit card company. This will all take time, but it
will be worth it when your score eventually goes up, and the interest
rates you qualify for in the future go down.
Be sure to send letters to all three credit bureaus whenever you clear
up an error and also to the original creditor, such as the credit card
company in the example above. Keep copies of everything for your-
self. By Federal law, the credit reporting agencies must help you re-
solve the issue within 30 days.
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11 SMART CREDIT GUIDE
Credit reporting agencies require that
you dispute errors in writing. For your
convenience, here’s a sample that you
can modify to fit your needs.
Sample Dispute Letter
Date
Your Name
Your Social Security Number
Your Address
Your City, State, Zip Code
Complaint Department
Name of Credit Reporting Agency
Address City, State, Zip Code
Dear Sir or Madam:
I am writing to dispute items that are wrongly listed on my credit report. Please see the attached copy of my
report. I’ve circled the items I am disputing.
Here are detailed explanations as to why these items should be removed or the information changed.
1. (NAME OF ITEM. DETAILED EXPLANATION):
2. (NAME OF ITEM. DETAILED EXPLANATION):
I am requesting that the above items be changed or deleted as indicated.
Enclosed are copies of documentation to support my request. Thank you for taking care of this immediately.
Sincerely,
Your name
Phone Number
Enclosures: (List of what you are enclosing)
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• You spend more than you earn
• Creditors call you
• You live paycheck to paycheck
• You don’t know how much you owe on your bills
• You’ve paid late fees more than twice in the last year
• You occasionally make late payments
• You pay only the minimum on your credit cards
• You put off paying one bill so you can pay another
• You argue with family members about money
• You take cash advances from credit cards to pay bills
• You make purchases impulsively
• You’ve taken money from your retirement fund to pay bills
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To carry some debt is normal. The key
is to manage and control debt – not let
debt control you. How can you tell if
your debt has become out of control?
Here’s a list of debt danger signs.
Debt Danger Signs
1. Write down everything you spend. The waste in your
daily spending will soon become apparent. Do you have
personal financial software such as Quicken®? With
Quicken, it’s easy to keep track of your spending because
the program does the math for you.
2. Pay off your credit card debt as quickly as possible. It’s
much more difficult to get your finances in shape if you’re
paying 18 percent interest rates on your credit cards.
3. If you have to carry debt for a while, switch to a less
expensive card. Take advantage of the introductory rate and
use your monthly savings to prepay your debt as fast as
possible.
4. If you can’t pay in cash, don’t buy it. If you use a charge
card to gain cash back or miles, be careful not to charge
anything that you can’t pay off at the end of the month.
5. Bring coffee from home instead of buying it. $3 per
weekday adds up to $750 per year on coffee.
6. Give up smoking (or at least cut back). At $4 per pack
or more, cutting out one pack a day will save you at least
$1,456 per year - and perhaps even more in your health and
homeowner’s insurance premiums.
7. Eat out less. A family of four can rarely get out of any
non-fast food restaurant for less than $30. Cut out one res-
taurant visit per week and you’ll save $1,560 per year.
8. Bring your lunch to work. Spend $7 a day and “let’s do
lunch” turns into $1,750 per year.
9. Raise the temperature of your air conditioning in the
summer and lower your thermostat in the winter. Put in
storm windows and caulk around your interior windows.
Energy efficiencies can save you hundreds of dollars per
year.
10. Cancel your local newspaper. You can read it online,
free.
11. Read magazines at the library.
12. Join a Sam’s Club or Costco. But don’t buy more than
you need just because it seems “cheap.”
13. Shop the sales and clip coupons. Some stores still
double or triple the value.
14. Plan out your holiday spending budget in advance, then
stick to it. Clip a note card to your credit card and write
down every amount as you purchase gifts.
25 Suggestions For Trimming Your Budget
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“Where did my money go?” That’s the big question that many can’t answer.
We spend money on many small things that we can’t remember, but they
do add up. To know where you need to trim your budget, it’s important to
first know your own spending habits. For a two to four week period, carry
a small notebook with you and keep track of every expense, no matter how
small. Then evaluate your spending to see where you can make cuts.
15. Give fewer gifts, and be more creative about them. Con-
sider giving magazine subscriptions as a gift, which will be
less expensive and last longer than other gifts. Give home-
made baked goods.
16. Take public transportation, if possible.
17. Seek out free activities for you and your kids. Museums
usually have one “free” day each week. Look in your local
newspaper for free events and attractions. Or, you can al-
ways take a walk or ride your bicycle.
18. Rent a movie instead of going to the theater. An eve-
ning of movies (plus snacks) can run upwards of $50 for
a family of four. Renting a moving from your local library
might either be free, or cost just $1.
19. Vacation at home. Take a week off and spend it at home
as if you were a tourist, visiting local attractions.
20. Raise the deductible on your homeowner’s and car in-
surance premiums. You may be able to shave 15-20 percent
off your annual premium cost.
21. Purchase as much insurance from the same company
as possible. Some companies will give you an additional
discount for multiple purchases.
22. Buy your next car, don’t lease. Unless you absolutely
have to have a new car every two years, you’re generally
better off purchasing a car rather than leasing. And, get
your financing in place before you show up at the dealer’s.
23. Buy a used car rather than a new car. A new car in-
stantly loses value the minute you drive it off the lot. If you
purchase a pre-owned or pre-leased vehicle, you’ll save the
depreciation and the car will likely still be under warranty.
24. Use a bank with convenient ATMs. If you find your-
self paying ATM charges because your bank doesn’t have
ATMs that are convenient, switch. At $1-$3 per withdrawal,
you’re paying too much.
25. Keep your checkbook and other accounts balanced. It’s
easy to do with financial software like Quicken® or Quick-
Books®, and you’ll always know exactly how much you
have and where it is. And, you’ll avoid bank charges.
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15 SMART CREDIT GUIDE
Identity theft is, disturbingly, all too common.
When someone steals your identity they are
taking your personal information, like your
Social Security number, credit card numbers
or driver’s license number, and using it to
commit fraud, make purchases and access
bank accounts.
Identity Theft. What to do about it.
1. Contact the fraud departments of any
one of the three major credit bureaus (see
page 5). Ask them to place a fraud alert on
your credit file. The fraud alert asks credi-
tors to contact you before opening any new
accounts or making any changes to your
existing accounts. As soon as the credit
bureau confirms your fraud alert, the other
two credit bureaus will be automatically
notified to place fraud alerts, and all three
credit reports will be sent to you free of
charge.
2. If possible, close the accounts that you
know or believe have been tampered with
or opened fraudulently. Use the ID Theft
Affidavit when disputing new unauthorized
accounts. (Find a copy of the ID Theft Af-
fidavit on www.consumer.gov/idtheft/.)
3. File a police report. Get a copy of the re-
port to submit to your creditors and others
that may require proof of the crime.
4. File your complaint with the FTC. The
FTC maintains a database of identity theft
cases used by law enforcement agencies
for investigations. Filing a complaint also
helps them learn more about identity theft
and the problems victims are having so
that they can better assist you.
You might also consider one of the sub-
scription credit watch services that moni-
tor your credit report for unusual activity.
These services will alert you when they
suspect that your credit is being abused.
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Identity theft is a serious crime. It’s one that leaves victims
spending months or even years and a lot of money picking
up the pieces of their shattered credit. Victims can be denied
loans for houses, cars, lose out on job opportunities and
even get arrested for crimes they didn’t commit.
What do you do if you think your identity has been stolen?
Here are some basics. For a more in depth look at preventing
idenity theft and repairing identity that has been tampered
with, go to www.consumer.gov/idtheft/.
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Quicken Loans’ exclusive mortgages
are powerful mortgage programs that
give you more refinance and purchase
options. Our mortgage programs can
also help you manage your debt. For
instance, we can show you ways to
consolidate high-interest debt into a
lower interest mortgage by refinancing.
Quicken Loans Mortgage Programs
With our exclusive selection of home loans, you can get:
• Easy approval even with less-than-perfect credit
• Approved before you shop – giving you extra negotiating power
• Fast approval for refinancing. Fast closing
• Easy access to your home equity
• Payments up to 45% lower with interest-only options
• Jumbo loans without jumbo rates
• Low or no down payment options
• Low or no cash at closing options
• No pre-payment penalties
Fresh Start®
Get a fresh start by converting your high interest credit card debt into a low-interest mortgage. • Fixed-rate for 3 years* • No pre-payment penalties • Flexible guidelines approve most people • Qualify even if you’ve just come out of bankruptcy
Advantage1st SM
You can get a good rate, even with less-than-perfect credit • Lower payments – that means more cash in your pocket each month • No prepayment penalties ever – refinance anytime! • The option for easy access to your equity
Smart ChoiceSM Interest-OnlyOur exclusive Smart Choice Interest-Only loan gives you month-to-month flexibility. Each month, you can pay only the interest or the combined interest and principal. That means your monthly payment could be up to 45% less than fixed-rate mortgages! Use your money to remodel your home, pay off high-interest bills or invest to generate a higher rate of return.
SmartARMSM
The Smart ARM Adjustable Rate Mortgage offers you: • Flexibility of an ARM. Security of a fixed • A much lower payment • Reduce your payment even more with our interest-only payment option
Smart ChoiceSM 100Another from our family of interest-only loans, with the Smart Choice 100 you get: • 100% financing on purchase and refinance loans • No down payment or equity needed • No out-of-pocket expenses • No Private Mortgage Insurance payments
Smart ChoiceSM FixedYour rate is fixed for 30-years, but during the first ten years you can lower your payment significantly by choosing interest-only payments. Smart Choice Fixed gives you the security of a fixed-rate but with flexible payments.
Liberty LoanSM
Our Liberty Loan allows you to get a lower payment, and gives you built-in access to your home’s equity with no additional cost or paperwork. And, you can make interest only payments to lower your payment even more.
Mortgage1st ®
Our exclusive approved** before-you-shop option on any loan: • Get your mortgage first, before you find a home. You know exactly what you can afford, eliminating the guesswork. • You’re in a better position to negotiate a lower price because the seller and the Real Estate Professional know your offer is good - it’s like being a cash buyer.
PMI BusterSM
You don’t have to pay Private Mortgage Insurance (PMI) if you have less than 20% for a down payment. We can show you how to avoid paying thousands in PMI.
The All AmericanSM LoanMost Americans move every 4-6 years. Why get a 30-year loan, if you may be moving in a few years? The All-American gives you a lower rate than a 30-year mortgage for the first seven years. After seven years, if you haven’t refinanced, you may have the option of quick low-cost conversion to a fixed rate, extending your loan another 23 years or you can simply refinance to another loan that better suits your needs.
The 12 Month Rate LockBuilding a home? Our 12-Month Rate Lock loan program al-lows you to lock-in a low rate while your home is under con-struction. And, you’ll know ahead of time what your monthly payment will be once your home is completed.
Jumbo LoansGet a jumbo loan without the jumbo rate. Or, looking for a jumbo loan but don’t have the jumbo down payment? Only 5% down payment/equity required from $333,700 to $650,000, only 10% down payment/equity required from $650,001 to $1,000,000***. And, you can choose stated or documented income (“doc” or “no doc”) for home purchase orrefinance.
*Rate is variable and subject to change. After the initial 3-year .xed period, rate will adjust every 6 months. The initial payment on a 30-year, $150,000 Adjustable Rate Loan at 7.25% and 80% LTV would be $1,023.27 with 2 points due at closing. APR is 8.608%.
**Your Loan will close as long as the property gets a satisfactory title and appraisal and your financial situation remains the same.
***Rate is variable and subject to change. A $450,000, 30-year mortgage with an initial 3-year Adjustable Rate period with 5% down would have an interest rate of 3.125%, a LTV of 95% with 3.625 points due at closing and a monthly payment of $2238.94 for the first 36 months. Payment includes PMI. After the initial fixed rate period, the payment will adjust to $2324.10. The rate will adjust every six months. The annual percentage rate is 4.236%. Rates change daily. Contact us for current market rates.
Here’s a quick look at some of our more powerful home loans:
17 SMART CREDIT GUIDE QUICKENLOANS.COM I 800-QUICKEN LOANS
Quicken Loans Inc., 4200 E. Zuni Way, Ste 303, Lake Montezuma, AZ 86342, #BK-0902939; Licensed by Department of Corporations, California Residential Mortgage Lending Act; Georgia Residential Mortgage Licensee (#11704) – 20555 Victor Parkway, Livonia, MI; Illinois Residential Mortgage Licensee, 20555 Victor Parkway, Livonia, MI; Massachusetts Mortgage Lender, #1053. Licensed by the New Hampshire Banking Department, #6743MB; New Jersey, New York and Pennsylvania – Licensed Mortgage Banker, NJ Department of Banking, NYS Banking Department, Pennsylvania licensed as a first mortgage banker by the Department of Banking and licensed pursuant to the Pennsylvania Secondary Mortgage Loan Act; RI License Lender. Not an offer for a rate lock agreement in Minnesota. First (and/or second) mortgages only. Mississippi Supervised Mortgage Company.
© 2005 Quicken Loans Inc. All rights reserved. Lending services provided by Quicken Loans Inc., a subsidiary of Rock Holdings Inc. “Quicken Loans” is a registered service mark of Intuit Inc., used under license.
18 SMART CREDIT GUIDE QUICKENLOANS.COM I 800-QUICKEN LOANS
Quicken Loans is America’s #1 online
lender and the country’s fastest grow-
ing mortgage company. Every year we
help put hundreds of thousands of dol-
lars back into our client’s pockets with
lower rates, lower payments and innova-
tive home financing that no other lenders
have. It’s no wonder that nine out of ten
of our clients say they’d refer us to their
friends and family.
How Quicken Loans Can Help You
Quicken Loans is ready to help you. We have expert advice, great
rates and a mortgage process that’s exceptionally quick and easy
– from application to close. We can help you purchase a home,
refinance your existing mortgage and access your home’s equity
– even if you have less-than-perfect credit.
Call Quicken Loans today. You’ll be sure of two things – you’ll have
an outstanding home mortgage experience, and you’ll be happy to
tell your friends and family about Quicken Loans.
Find out why the folks at Quicken Loans
really are America’s Home Loan Experts.
1-800-QUICKEN LOANSHomebuyer Customer Care Team1-800-796-4711Monday - Friday 8am - 6pm ESTwww.quickenloans.com
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