Everything You Need to Know About Quicken Loan Refinance Reviews


Greetings, dear reader! If you’re looking to refinance your mortgage, you’ll likely come across Quicken Loans. This online lender has been around since 1985 and offers a variety of mortgage products, including refinancing. But before you make any decisions, it’s important to read up on what other customers have to say. In this article, we’ll dive deep into Quicken Loan refinance reviews to help you make an informed choice.

Who is Quicken Loans?

Quicken Loans is an online mortgage lender based in Detroit, Michigan. They offer a variety of mortgage products, including refinancing options. They claim to have simplified the mortgage process by allowing customers to complete the entire application process online.

Why Refinance?

Refinancing your mortgage can be a smart financial decision for a variety of reasons. By getting a lower interest rate, you can save thousands of dollars over the life of your loan. Refinancing can also help you switch from an adjustable-rate mortgage to a fixed-rate mortgage, which can provide more stability and predictability in your monthly payments.

What to Look for in a Refinance Lender?

When selecting a lender for your refinance, it’s important to consider a few key factors. First and foremost, look for a lender with competitive rates and fees. You’ll also want to choose a lender with a good reputation for customer service and timely processing. Finally, make sure the lender offers the type of refinance you need, whether that’s a rate-and-term refinance or a cash-out refinance.

The Importance of Customer Reviews

One of the best ways to evaluate a lender is by reading customer reviews. Real customers can provide valuable insights into the lender’s strengths and weaknesses. By reading a variety of reviews, you can get a sense of the lender’s overall reputation and customer satisfaction.

What are Quicken Loan Refinance Reviews?

Quicken Loan Refinance Reviews are feedback provided by customers who have refinanced their mortgage through Quicken Loans. These reviews can be found on a variety of websites, including Trustpilot, Google, and the Better Business Bureau.

How to Find Quicken Loan Refinance Reviews?

The best place to find Quicken Loan Refinance Reviews is on the company’s website. They have a dedicated section for customer reviews, which includes both positive and negative feedback. You can also find reviews on third-party websites like Trustpilot and Google.

Quicken Loan Refinance Reviews Explained

Positive Reviews

Many customers praise Quicken Loans for their streamlined application process and quick turnaround times. They also appreciate the company’s competitive rates and fees. Some customers specifically mention their positive experiences with their loan officers.

👍 ProTip: Look for reviews that specifically mention the type of refinance you’re interested in. This can give you a better sense of whether Quicken Loans is a good fit for your needs.

Negative Reviews

Some customers complain about lengthy processing times and difficulty communicating with their loan officers. Others mention unexpected fees or issues with the appraisal process. Some customers also express frustration with the company’s online system, citing glitches and technical difficulties.

👍 ProTip: Pay attention to how the company responds to negative reviews. Do they offer solutions or make an effort to resolve the issues?

Overall Reputation

On Trustpilot, Quicken Loans has a rating of 4.5 out of 5 stars, based on over 36,000 reviews. On the Better Business Bureau website, they have an A+ rating, with the majority of customer reviews being positive.

👍 ProTip: Don’t just rely on one source for reviews. Look for feedback on multiple websites to get a more comprehensive picture.

Quicken Loan Refinance Reviews Table

Number of Reviews
Overall Satisfaction
Better Business Bureau

Frequently Asked Questions

1. What is refinancing?

Refinancing is the process of replacing an existing mortgage with a new one.

2. Is refinancing worth it?

Refinancing can be a smart financial decision if it saves you money in the long run.

3. How do I know if I’m eligible to refinance?

You can typically refinance if you have good credit, sufficient income, and equity in your home.

4. What are the fees associated with refinancing?

Refinancing fees can include application fees, appraisal fees, and closing costs.

5. Can I refinance with Quicken Loans if I have poor credit?

Quicken Loans does offer some options for customers with lower credit scores, but the rates may be higher.

6. How long does the refinancing process take with Quicken Loans?

Quicken Loans claims to have a quick turnaround time, but the process can take several weeks.

7. Can I refinance with Quicken Loans if I don’t live in the United States?

No, Quicken Loans only offers refinancing options for properties located in the United States.

8. What is a rate-and-term refinance?

A rate-and-term refinance is when you refinance your mortgage to get a lower interest rate or different loan term.

9. What is a cash-out refinance?

A cash-out refinance is when you refinance your mortgage and take out additional funds, using your home’s equity as collateral.

10. How much can I borrow with a cash-out refinance?

The amount you can borrow with a cash-out refinance will depend on your home’s equity and other factors.

11. Can I use the funds from a cash-out refinance for anything?

Yes, the funds can be used for anything, but it’s important to consider whether taking on additional debt is a smart financial decision.

12. Are there any tax implications of refinancing?

There may be tax implications of refinancing, so it’s important to consult with a tax professional before making any decisions.

13. What happens if I can’t make my refinancing payments?

If you can’t make your refinancing payments, you may be at risk of foreclosure. It’s important to communicate with your lender and explore options like loan modification before it gets to that point.


Now that you’ve read up on Quicken Loan refinance reviews, you’ll have a better sense of whether this lender is a good fit for your needs. As with any financial decision, it’s important to do your research and compare multiple options. By doing so, you’ll be well on your way to making a smart refinance choice.

👉 Take Action: You can visit Quicken Loans’ website to learn more about their refinancing options or to start the application process.

Closing Disclaimer

This article is for informational purposes only and should not be construed as financial advice. The information provided is accurate to the best of our knowledge, but we cannot guarantee its accuracy. We encourage readers to consult with a financial advisor before making any major financial decisions.