Quicken Loans Launches Newest Customer Education Video, Explains President’s Housing Stimulus Program

Livonia, Mich. (PRWEB) April 5, 2009

Quicken Loans these days released a new video aimed at educating shoppers on the information of the lately announced Creating House Inexpensive strategy. The plan, frequently referred to as “President Obama’s Housing Program,” aims to help maintain Americans in their homes by removing some of the standard barriers to refinancing a house, enabling buyers to take advantage of today’s historically low mortgage interest prices.

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The video, which is available on the Quicken Loans YouTube channel, provides particular guidance on who qualifies to refinance under the new housing plan, as well as the guidelines that have been established for loan modifications. Further info is obtainable at http://www.quickenloans.com/creating-house-affordable.

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Quicken Loans’ YouTube channel hosts a series of educational videos on subjects ranging from the home appraisal procedure to usually overlooked homeowner tax suggestions. To view the complete series, please go to http://www.youtube.com/user/quickenloans. The Quicken Loans Mortgage News page also delivers up-to-date mortgage sector news and podcasts.

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About Quicken Loans:&#13

Quicken Loans is the nation’s largest on the internet retail mortgage lender and 1 of the best ten biggest retail lenders overall. The organization closes loans in all 50 states by means of the Net from centralized locations in Southeast Michigan Cleveland, Ohio North Scottsdale, Ariz., as well as its San Diego-based 1 Reverse Mortgage. Quickenloans.com has been named “Very best of the Net” by Forbes and Income magazine.

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Quicken Loans has been named to FORTUNE Magazine’s “100 Very best Businesses to Perform for” list for six consecutive years, ranking as higher as #2, and also has ranked #1 or #two on Computerworld’s list of “100 Very best Locations to Operate in Technology” for the past four years. For a lot more information, visit http://www.QuickenLoans.com.

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Quicken Loans Simplifies Loan Modification Program for Consumers

Livonia, MI (Vocus) September 26, 2009 –

Quicken Loans, the nations biggest on the internet retail mortgage lender, has released a new on the internet tool to support home owners figure out their eligibility for the Making Home Affordable Plan.

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The Producing Home Reasonably priced plan has two components. The first is for homeowners who generally would not be able to refinance since they owe more on their mortgage than the residence is worth. This system enables these property owners to refinance with present loan-to-value ratios greater than 80 percent but lower than 125 percent (this system was previously capped at 105%).

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The second part of the strategy is aimed at helping home owners who are struggling to make their mortgage payments and face imminent foreclosure on their house. The government is operating to provide loan modifications for men and women who can prove economic hardship through job loss, adjust in income, considerable debt or an adjusting interest rate.

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If you are not sure which category fits your circumstance ideal, or if you are eligible for this program, the Quicken Loans loan modification tool might be in a position to help clarify the greatest option for you and your household.

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This online tool assists property owners differentiate regardless of whether their circumstance qualifies for the loan modification or refinance portion of Making Property Reasonably priced in 3 methods or significantly less. It also incorporates an equity calculator if you are not positive what your loan-to-value is.

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Lastly, Quicken Loans has also released a Making Property Cost-effective video to assist homeowners understand their new loan modification options below this plan. Right here, home owners can discover about Refinance Plus, and particulars as to how you can qualify.

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With these two tools and information, property owners can now take benefit of this plan and maybe avert imminent foreclosure or relieve economic tension.

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Quicken Loans Makes it Easier for New York Homeowners to Refinance with a CEMA Loan

Detroit, MI (PRWEB) Might 27, 2011

Quicken Loans Inc., the 50-state lender of refinance and obtain mortgages, is providing New York property owners a a lot more cost-effective option when refinancing their residence.

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Typically, a refinance in New York indicates residents have to pay state mortgage tax on the complete new loan amount. Quicken Loans is providing customers the chance to get a Consolidation, Extension and Modification Agreement, or CEMA loan. This implies customers only have to pay taxes on the quantity of the new loan that is above and beyond their existing unpaid principal balance, such as closing fees or additional funds taken as cash out.

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While CEMA can help to reduce the amount of funds paid in New York state mortgage taxes, its crucial to note that these loans have added fees that could make them significantly less advantageous for certain customers when coupled with varying tax prices and attorney fees. Clientele must consult with their Residence Loan Expert to determine the most cost-successful path to a refinance.

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CEMA loans are only accessible on traditional, jumbo and FHA refinances.

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For far more information about CEMA loans and their positive aspects, pay a visit to http://www.quickenloans.com.

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About Quicken Loans Inc:&#13

Quicken Loans Inc. is the nations largest online retail mortgage lender and amongst the five biggest overall retail home lenders in the United States. The company closed a record $ 29 billion in retail home loan volume across all 50 states in 2010, and lately closed its 1 millionth loan. Quicken Loans employs around 3,700 group members and generates loan production from 5 web centers positioned in Michigan, Ohio and Arizona. The organization also operates a centralized loan processing facility in Michigan as well as its San Diego-primarily based One Reverse Mortgage unit. Quicken Loans ranked #1 in customer satisfaction amongst all residence mortgage lenders in the United States by J.D. Energy and Associates for 2010. QuickenLoans.com has been named Greatest of the Internet by Forbes and Cash magazines. The organization also has been named to FORTUNE magazines list of the countrys 100 Greatest Businesses To Function For eight consecutive years, ranking as high as #two, and named in the Top-15 of Computerworld magazines 100 Best Areas to Operate In Technology for six years in a row. Quicken Loans ranked #1 in the Detroit Totally free Press Leading Workplaces of 2010 List. The organization recently moved its headquarters and 1,700 of its three,700 full-time group members to downtown Detroit. For a lot more info about Quicken Loans, please check out http://www.quickenloans.com.

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About Rock Holdings Inc:&#13

Rock Holdings Inc. is the parent organization for numerous monetary services-related companies and employs more than four,000 team members. These client-focused and technologically driven companies incorporate Quicken Loans, the nations biggest on-line residence lender and One particular Reverse Mortgage unit, the fastest growing reverse mortgage lender in America Title Supply, a nationwide leader of title insurance and settlement solutions Quicken Loans Mortgage Solutions (QLMS), a mortgage origination platform servicing neighborhood banks and credit unions across the nation In-Home Realty, the preferred real estate partner of Quicken Loans that matches consumers with trusted true estate agents in all 50 states and, Quizzle.com, the on-line innovator and web site exactly where buyers manage their home, income and credit. Rock Holdings, Inc. also not too long ago moved its headquarters to downtown Detroit.

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