@Jason, right back at you with respect, we are all have different opinions.  And that's what makes the world go round.  For certain, as I corrected myself in an earlier post, nothing is 100% except, of course, death and taxes.

Best to all.

By the way, Kelly. It IS indeed a fee. . It is in fact a part of your initial fees structure. Saying it's not a fee is just an outright lie...and I would imagine just another reason Quicken has a bad rap. You proved our points to a T. Thanks!

Late to the party here, but today our 15 yr was at 4.25% with no points.

Pay a point and you would have 4.00%.

No fee until we order the appraisal, then you will be billed, for the appraisal only, you cancel then you can have your appraisal. Quicken is at least letting you know upfront on this deposit fee, but its still not right. Most of us can still issue what is now called an "Estimate of Costs Worksheet". It is NOT the GFE, but 'outlines' the fees and costs and will be very close to the actually GFE. The Gov just had to make it simpler for us.................not. More trees lost.......

Keep shopping Bob!

Dan

Interesting ..Dan

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I took a loan for $150k with Quicken Loans, and I had to pay 3.5 % and this sum was ok  for me. Recently they have changed their interest rates and now I have to pay more. And that is unacceptable   for me. I and many other people have written complains here http://quicken-loans.pissedconsumer.com/ . Please advise me what else can I do?

Shop around Mike.

Not sure what kind of loan you are going for, but today's 30 yr fixed with good credit and 80%LTV with NO points and that loan size is at 4.5% with most banks and lenders or even 4.375%.

Refi fees with lender and title should not cost you more than $2k depending on your state's avg title fees. Purchase fees for title will be higher but not the lender fees.

Good luck!

Dan

Are you sure your interest rate increased, or did your escrow payment (taxes and insurance) go up?  It's common for the escrow to go up or down and that will affect your payment.

If your interest rate actually went up then you had taken out an ARM (adjustable rate mortgage) and it will go up or down after the initial fixed period (typically 3, 5, or 7 years) has passed.  Unless Quicken was fraudulent and did not fully disclose that this was an ARM, there's nothing you can do as you agreed to the loan terms once you signed on the dotted line, excpet for refinanicng.