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The Truth about Rocket Loans

By Cathy Turney

Managing Real Estate Broker with Better Homes Realty DRE #01056789

June 15, 2016 05:30 AM

Undoubtedly you’ve heard about Quicken Loans’ new Rocket Mortgage by now. I don’t watch TV and even I have seen their ads. OK, I watch the news.

Quicken didn’t get to be the biggest lender in the country without very savvy marketing, and Rocket Mortgage seems magical…until it explodes. Here’s how to prevent yourself from becoming a casualty if you just can’t help it and you do apply for one.

Rocket Mortgage by Quicken advertises “it takes eight minutes to receive a full mortgage approval online.” From millennials to exhausted fortysomethings chasing kids and a job, who wouldn’t want to “simplify” their home-buying process this way?

But here are the facts:

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Roy Kelley

Retired - Gaithersburg, MD

Consumers need to be very careful with their selection of a mortgage company.

Jun 15, 2016 06:34 AM

Cathy Turney

Walnut Creek, CA

Cathy Turney

Better Homes Realty - Walnut Creek, CA

Making Fun of Real Estate and Twitter!

You are so correct, Roy. Our biggest job is educating our clients. Thanks for commenting!

Jun 15, 2016 07:01 AM

Tammy Lankford,

Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA

Broker GA Lake Sinclair/Eatonton/Milledgeville

Here are the what?

Is part of your post missing?

I was very skeptical the first time a buyer said "we're going with quicken loans", but in the end we had a very smooth closing and they got a great rate.

Jun 15, 2016 08:25 AM

THANK YOU, Tammy, for drawing my attention to the "missing link!" I fixed it, and if you click on "facts" you'll go to the rest of the article.

Jun 15, 2016 08:44 AM

The Truth about Rocket Loans

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Cathy Turney

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