On May 15, 2009, I asked my readers a question…

Is Quicken Loans a Scam?

I had had a relatively good experience with a mortgage refinance with Quicken, and had suggested Quicken to a friend, but my friend felt like Quicken Loans scammed him out of $750.00.

As of today’s date, this question about Quicken Loans has lead to over 110 comments…and most of them are truly worth taking the time to read.  Many of my readers have left rather lengthy accounts, and sadly, many feel they were duped by “mortgage experts” at quicken loans.

I give you this update because this morning I found This Quicken Loans Article online and it made me sad for my readers who have complained.  I don’t know anything more about this West Virginia fraud case, but my suggestion is to do your research before giving Quicken Loans, or any mortgage company, any upfront deposit money.

Again, I personally had a very good refinancing experience with Quicken here in Michigan in 2009, but there is quite a bit of feedback here that stopped me from using them a second time, when I refinanced again this week.

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