Before you could even think of the best mortgage lenders 2019, you must know what mortgage is. if you don’t then this article is not for you. Selecting the right mortgage company is very important. A mortgage does not only help you to buy a home, but it may be the biggest loan you would ever take in your life. Yes, a mortgage is like a loan for those of you who do not know. The US government urges its citizens to start taking short term mortgages at a maximum of fifteen years. I really do not know the reason as it was announced on USA news but I think there is some kind of sense in it. Getting approved for a mortgage loan isn’t really easy as the best possible interest rate is put into consideration. Calculating all these rates, here are the best mortgage lenders for 2019.
Best Overall Mortgage Lender 2019
The best overall mortgage lender for the year 2019 is “Quicken Loans”. Quicken loan is one of the popularly known mortgage lenders with large TV and online advertising campaigns touting the benefits of its premier rocket mortgage product. Quicken loan is currently known to be one of the world largest loan originators with over four hundred and thirty-six thousand loans originated. It is also the second-largest based on dollars.
Best Online Mortgage Lender 2019
The best online mortgage lender for the year 2019 is SoFi. This is a short form for the word Social finance. This company originally started as a student loan refinances company. This company gradually grew into other areas of personal financing. It is also important to know that SoFi looks into more than just your credit score when lending you a loan. This company includes certain conservations like earning potential and valuable college degrees.
Best Refinancing Mortgage Lender 2019
It is believed everywhere that Loan Depot is the best refinance mortgage lender for 2019. This is generally because loan depot makes refinancing very simple and smooth. This company is so popular to the extent that it has funded more than seventy billion US dollars for mortgage loan refinancing. Loan depot also waives reimburses appraisal fees and refinance fees.
Best Poor Credit Mortgage Lender 2019
This is really a difficult path to walk in, but the best you could possibly afford on this path is the new American funding. The new American funding is the best lender for borrowers who have a low credit score and those who are self-employed. Once you get approved for a loan from this company, paying your dues on time every month would really go a long way in improving your credit score.