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Home Loan | Top Companies: This Week's Reviews |
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| Services Offered:
Home loan, loan consolidation, auto loan, refinance
loan, and credit card services. |
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| Company Overview:
Bank of Internet is located in San Francisco, CA and has
been in business since 1999. They have flexible
alternatives to traditional banking and lending for
consumers who need something different. Bank of Internet
passes savings onto consumers by cutting operating costs
through their online-only services. |
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| Our Review: Bank
of Internet offers great home loan options for
consumers. They have many different options to choose
from, and their customer service is great. As long as
you have no reservations about getting financing from an
online-only company, Bank of Internet is definitely
worth checking into. |
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| User Review: With
the unstable economy and housing market, I wasn’t sure
I’d ever find someone to give me a home loan. A friend
told me about Bank of Internet, and I was so pleased
that I took the time to check them out. They had great
options for my home loan needs, and their website and
forms were easy to use. |
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| Services Offered: Home Loan, Home Refinance, Home Equity Loan |
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| Company Overview: Quicken Loans has been in the mortgage business for over 22 years. They closed nearly $18 billion in home loans in 2006, and boast a 94% customer satisfaction rating. Quicken has over 4,000 employees and more than 150 different loan programs for the consumer. They are licensed to close loans nationwide, and they do the traveling to the customers, instead of making the customer come to them. |
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| Our Review: Their “about us” page says it all. They’re a solid company with good history. They offer everything to the customer that they possibly can, and it’s great that they come to you when it’s time to close your loan. The web site is well designed and simple to navigate, and the customer service is right there at your fingertips at all times. |
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| User Review: I went to Quicken to refinance my home, and I have to say it was the best service I’ve ever received when dealing with a home loan. When I purchased my home, I had to travel an hour to the mortgage company’s office to sign all of the paperwork, and when I found out that Quicken would come to me, I was immediately sold. They have a lot to offer, and they’re a great company. If I ever buy another home I will definitely go to Quicken first. |
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Other Top Companies for Home Loan : |
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| How To Select The Best Company For Home Loan |
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Getting a home loan is a big deal. However, it doesn’t have to be such a big deal that you are confused or hassled about getting approval from a mortgage broker who doesn’t care about much more than making a quick buck off your purchase. In order to ensure that you are being treated fairly and getting the best deal possible for your home loan, it is a good idea to do some research before picking any one company to work with. It would also be recommended to get good faith estimates from any lender you are considering borrowing from, so that you can compare the interest rates and terms of the loan. If you belong to a bank or credit union and have good credit, it is recommended to shop with them first. However, in order to get a home loan from most financial institutions you are required to have near perfect credit, so for many people it is easier to work with a mortgage broker to obtain a home loan. When you go to find the right mortgage company, be sure to look around, and don’t settle for the first company that says you can be approved for a home loan. You’ll need to check out the company, as well as a few other companies, to ensure you’re getting the best home loan you can. For this particular need, there are websites like Lending Tree that offer you up to four different home loan offers from different lenders. You can use these sites to see who can offer the best home loan, and avoid having to make four or five different phone calls, or fill out multiple home loan applications. Also, with a company like Lending Tree, or with a mortgage broker, your credit report will only need to be accessed one time, whereas if you go from lender to lender on your own, each one will pull your credit report separately, which will negatively affect your credit score. It isn’t difficult to obtain a home loan as long as you are willing to take the time to do your research and find the best company for you.
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