Has any had experience with Quicken Loans?
I have submitted all the required documents and the QL agent is telling me to hand sign some application (Certification/Authorization) and esign some paperworks. In the esign it has a page listing out all the numbers of the mortgage including interest rate (4.99% with 0.8points or 5.33% APR), closing costs, origination fee ($1k) ... The QL agent told me he could waive the origination fee and lower the rate depending on the situation when we close and it's very likely not a problem, the numbers here are just at the high end of the scale to get a underwritten preapproval. I would think if I sign on these estimates, it means I agree on the numbers, well the rate is floating so it will change but all the fees will be charged if I sign, won't they? I feel like getting a run around by the QL banker. He keeps saying he can waive the origination fee, and all these numbers don't matter because I haven't even found a house yet. It's just an example for the underwriter to do their job.
I have googled a bit about QL. I have seen mixed reviews. They have good reviews on Lendingtree.com and creditkarma.com but a lot of people complains about losing the deposit when doing Refi with QL.
Has any had experience with Quicken Loans before? Please share your story.
Where else should I go for my 2nd mortgage in Chicago? I have contacted Chase and WF.