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Quicken Loans
@QuickenLoans
We are the nation’s largest mortgage lender. Looking to buy a 🏠? Call 888-728-4702! │NMLS #3030 | NMLS Consumer Access: bit.ly/2GBRO4U
1050 Woodward Detroit,MI 48226QuickenLoans.comJoined April 2008

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Exciting news from the this morning 👀
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Today we announce the hiring of Darnell Adams as our Director of Detroit Community Initiatives to oversee our ongoing philanthropic commitment to our hometown. Additionally, the Detroit Tax Relief Fund has paid off the back taxes of 1,600 homeowners! gilbertfamilyfoundation.org/press-release/
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🚀 𝕄𝕠𝕣𝕥𝕘𝕒𝕘𝕖 𝕎𝕠𝕣𝕕 𝕠𝕗 𝕥𝕙𝕖 𝕎𝕖𝕖𝕜 🚀 Inspection🔍: An optional step in your purchase process. If you find things that need to be fixed or repaired, you can negotiate with the seller to have them fix the issues or discount the sales price. NMLS #3030
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🚀 𝕄𝕠𝕣𝕥𝕘𝕒𝕘𝕖 𝕎𝕠𝕣𝕕 𝕠𝕗 𝕥𝕙𝕖 𝕎𝕖𝕖𝕜 🚀 Trade Line A credit account listed on your credit report. Trade lines can affect your credit score, determine which financial programs you’re eligible for and impact your loan approval process. NMLS#3030
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🚀 𝕄𝕠𝕣𝕥𝕘𝕒𝕘𝕖 𝕎𝕠𝕣𝕕 𝕠𝕗 𝕥𝕙𝕖 𝕎𝕖𝕖𝕜 🚀 Preapproval Is considered the first step in getting a mortgage. It's a document that tells you how much you can borrow for a home loan. Here’s how to get preapproved with Rocket Mortgage®: spr.ly/6012ykzIj NMLS #3030
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🚀 𝕄𝕠𝕣𝕥𝕘𝕒𝕘𝕖 𝕎𝕠𝕣𝕕 𝕠𝕗 𝕥𝕙𝕖 𝕎𝕖𝕖𝕜 🚀 Float Proceeding with the mortgage process without locking your interest rate. Your rate will change due to market conditions until closing. You can lock your rate or float your loan until interest rates drop. NMLS#3030
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🚀 𝕄𝕠𝕣𝕥𝕘𝕒𝕘𝕖 𝕎𝕠𝕣𝕕 𝕠𝕗 𝕥𝕙𝕖 𝕎𝕖𝕖𝕜 🚀 Draw Period The amount of time you can withdraw funds from a credit account through a home equity line of credit. After the draw period ends, you are responsible for repaying the loan. NMLS#3030
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🚀 𝕄𝕠𝕣𝕥𝕘𝕒𝕘𝕖 𝕎𝕠𝕣𝕕 𝕠𝕗 𝕥𝕙𝕖 𝕎𝕖𝕖𝕜 🚀 Fixed-Rate Mortgage A fixed-rate mortgage has the same interest rate throughout the term of the loan. So, if you buy a home at 4% on a 15-year fixed-rate loan, you pay 4% interest every month for the entire term.
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🚀 𝕄𝕠𝕣𝕥𝕘𝕒𝕘𝕖 𝕎𝕠𝕣𝕕 𝕠𝕗 𝕥𝕙𝕖 𝕎𝕖𝕖𝕜 🚀 Earnest Money Deposit: An earnest money deposit is a check that you write to a seller when you make an offer on a home. Most are equal to 1% – 2% of the home’s value. NMLS #3030
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🚀 𝕄𝕠𝕣𝕥𝕘𝕒𝕘𝕖 𝕎𝕠𝕣𝕕 𝕠𝕗 𝕥𝕙𝕖 𝕎𝕖𝕖𝕜 🚀 Appreciation Appreciation is the increase in the value of a property over time. Changes in the housing market or home improvements can cause the property’s value to increase.
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🚀 𝕄𝕠𝕣𝕥𝕘𝕒𝕘𝕖 𝕎𝕠𝕣𝕕 𝕠𝕗 𝕥𝕙𝕖 𝕎𝕖𝕖𝕜 🚀 Experian Experian is one of the three largest credit bureaus in the United States.
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🚀 𝕄𝕠𝕣𝕥𝕘𝕒𝕘𝕖 𝕎𝕠𝕣𝕕 𝕠𝕗 𝕥𝕙𝕖 𝕎𝕖𝕖𝕜 🚀 Interest Rate Cap An interest rate cap is a consumer safeguard that limits the amount your interest rate on an adjustable rate mortgage can change in an adjustment interval and/or over the life of your loan.
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As part of its ongoing joint $500M philanthropic commitment to Detroit (alongside ), the Rocket Community Fund is proud to partner with and to help Detroiters access all the housing assistance they need in one central network.
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.@CityofDetroit, Rocket Community Fund & @CHNhousing announced $2.2M to help connect #Detroit residents with all the programs and help available to them, from foreclosure prevention to home repair assistance. Learn more about the Detroit Housing Network: detroitmi.gov/news/detroit-g
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🚀 𝕄𝕠𝕣𝕥𝕘𝕒𝕘𝕖 𝕎𝕠𝕣𝕕 𝕠𝕗 𝕥𝕙𝕖 𝕎𝕖𝕖𝕜 🚀 Right to Rescission Under the provisions of the Truth-in-Lending Act, the right to rescission is your right to cancel certain kinds of loans within three days of signing a mortgage.
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ICYMI: ranked #3 out of 500 companies on ' 2021 list of America's Best Employers For Diversity. We are committed to fostering an inclusive environment built on open doors, open minds and an open culture rooted in trust.
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🚀 𝕄𝕠𝕣𝕥𝕘𝕒𝕘𝕖 𝕎𝕠𝕣𝕕 𝕠𝕗 𝕥𝕙𝕖 𝕎𝕖𝕖𝕜 🚀 Maturity Maturity is the point when your mortgage, including both the principal balance and interest, is paid for in its entirety.
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🚀 𝕄𝕠𝕣𝕥𝕘𝕒𝕘𝕖 𝕎𝕠𝕣𝕕 𝕠𝕗 𝕥𝕙𝕖 𝕎𝕖𝕖𝕜 🚀 Notary A notary is a certified witness who validates signatures on official documents. They are necessary during the home buying and selling process. A notary is always present during the transfer of real estate.
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