Where Can You Get 6 Mortgage Loan Quotes in 2 Hours on a Sunday Evening?

By: David Gibbons, Director of Community Relations | April 13, 2008

And of course it helps to have excellent credit and a 32% LTV. Not everyone gets this special attention but I’m amazed at how many loan originators and mortgage brokers do quote loans over the weekend. The Mortgage Marketplace is truly open 24/7. This refinance loan request already has quotes ranging from 5.4% APR to 5.9% APR; all of which look rather attractive to me (when we purchased our Fremont home last June, interest rates were certainly higher). Lender fees to refinance this mortgage range from $960 to $3,545. The mortgage quote with a lower APR will generally have higher lender fees due at closing and vice versa.

When you read this, see how many quotes this loan request has. Or, check out all loan requests in California or all loan requests in the U.S. And if you are shopping for a home and need a mortgage or need to refinance your current mortgage, any time is a good time to ask for a few quotes from lenders in Zillow Mortgage Marketplace.

Stumble it!
Categories: Mortgages, Refinance, Zillow

Comments

2 Comments so far

Santa Barbara Real Estate Voice on April 14, 2008 10:19 am

This I believe is a big advantage here. So much real estate does take place over the weekends and not everyone has the cell to their lender. This ability to get a quote on the weekend will prove to be huge once the market picks up.
Spencer Rascoff on April 14, 2008 3:32 pm

Spencer from Zillow here.

I have 11 quotes on my refi via Zillow. Tonight I’ll pick the 2 that I choose to reach out to. It’s so great being able to be in control as a borrower.