Quicken Loans Mortgage Payment Options Mortgage Calculator GURU (2024)

Update: Quicken Loans Mortgage Payment - 2021.04.08

Quicken Loans leverages its Rocket Mortgage solution to rank all the leading volume lenders in the U.S. Created in 1985 and headquartered in Detroit, Michigan, Quicken Loans has a selection of mortgage products, which includes fixed-rate mortgages, FHA loans, adjustable-rate mortgages, and VA loans.

Here’s a look at ways you can use Quicken Loans’ Rocket Mortgage Online Portal to pay your mortgage loan.

Log in to Your Account to Pay Your Quicken Loans Mortgage Online

It is possible to pay your Quicken Loans mortgage by using the Rocket Mortgage online account you will need to create when requesting a mortgage.

In order to make a payment online, you will need to log in to your account by doing the following:

• Go to the Rocket Mortgage website and select Sign In. It’s located in the top right corner of the screen.
• Type in your username and password.
• Click on the Sign In button.

Go to the Payment Center where you’ll have some options to pay your mortgage loan online.

One-Time Payment:Access the account, choose the loan that requires payment, type in just how much you wish to pay, and pay that amount.

Monthly Auto Payment:You can make use of Rocket Mortgage to create an automatic draft. Even though a lot of people might wish to set things up such that the transaction payment comes straight out of their bank account, a better option is to create automatic payments with the lender. The reason this is important is that mortgage payment amounts occasionally change. The total amount needed for fees and insurance might fluctuate each year. Precisely the same holds true in case you have an adjustable-rate loan at the end of the fixed period. By creating an automatic transaction through Quicken Loans, you will be able to ensure you don’t underpay or overpay whenever the escrow or rate declines.

Bi-Weekly Payment:Quicken Loans customers are able to sign up for bi-weekly payments courtesy of Rocket Mortgage. And it’s free to do so. So rather than making one payment per month over the course of a year, you can pay half of your mortgage payments on a bi-weekly basis. Each month, these payments will be directed toward your loan.

Use Mobile App to Pay Your Quicken Loans Mortgage

You can pay your Quicken loan mortgage via an app on your phone. You can do it on an IOS phone or on an Android phone.

Other Options to Pay Your Quicken Loans Mortgage

By Mail

Mail your payment to:
Quicken Loans
P.O. Box 6577
Carol Stream, IL 60197

By Phone

Call (800) 508-0944, option 4, to make your Quicken Loans mortgage payment by phone (Monday-Friday, 8:30 a.m. – 9:00 p.m. ET, or Saturday, 9:00 a.m. – 4:00 p.m. ET).

Quicken Loans Questions and Answers

How are Rocket Mortgage and Quicken Loans related?

Quicken Loans is actually the creator of Rocket Mortgage, an online mortgage solution. When you obtain a mortgage using Rocket Mortgage, the loan is processed by Quicken Loans. Quicken Loans decides whether or not you qualify and ensures the loan complies with specific guidelines.

How can I set up a Rocket Mortgage account?

You can do so through an application to purchase a residence or through an application to refinance a loan.

Are the numbers I get via Rocket Mortgage really accurate?

Rocket Mortgage gives you actual numbers rather than estimates or guestimates. This does not mean that the number won’t possibly change between the time you apply and the time your loan actually closes, however.

I’ve forgotten my Rocket Mortgage account username. What should I do?

Go to the Forgot Username page and follow the steps. You’ll need to key in your email address and then choose Send My Username.

How can I reset my password?

Visit the Forgot Password page, type in your username, and choose Submit. You will receive an email enabling you to reset your password.

Quicken Loans Customer Service

Talk to Home Loan Experts: https://www.rocketmortgage.com/talk-to-us

Customer Service Phone Number: (800) 769-6133

Expert Advice on a New Loan: (800) 251-9080

Help with a Loan in a Process or with a Closed One: (800) 863-4332 or email at

Help@QuickenLoans.com.

Mortgage Payment or Account Help: call (800) 508-0944 or email at Help@QuickenLoans.com.

Any other questions: (800) 863-4332

Facebook: https://www.facebook.com/QuickenLoans/

Twitter: https://twitter.com/QuickenLoans

Instagram: https://www.instagram.com/quickenloans/

YouTube: https://www.youtube.com/channel/UCBCsUG-jXqYQ9JxfZb16oQw

Pinterest: https://www.pinterest.ca/quickenloans/_created/

LinkedIn: https://www.linkedin.com/company/quicken-loans/

How to Avoid Late Quicken Loans Mortgage Payments

When you do get approved for a Quicken Loans mortgage loan, you’ll want to avoid any late payments. Here are a few tips that will help you steer clear of making untimely payments.

Sign Up for Quicken Loans Mortgage Auto-Pay

Your first order of business is to set up an automatic payment option, and you can do this either through your bank or through your lender. You’ll want to go with the most ideal option for you.

Auto-Pay – the Pros

1. You can avoid late payments and any resulting late fees. This will, in turn, ensure a healthy credit score.
2. You can do your part to protect the environment with paperless billing.
3. You won’t have to deal with any expenses relating to postage as you won’t need an envelope or a stamp, and you won’t have to fill out a check since auto-pay is done via electronic funds transfer.
4. You will save time since auto-pay is convenient. No more will you have to take the time to sit down, write up a check, write your address and the address of the mortgage lender on the envelope, put on a stamp, and put the envelope in the mail. With auto-pay, you can automate the entire process of paying bills.

Auto-Pay – the Negatives

1. You could, if you’re not monitoring the inflows and outflows of money in your bank account, overdraw your account. In order to avoid any problems, just keep track of how much you have in your account at all times.
2. You could potentially overlook things like errors, interest rate hikes, or other hidden fees. This can be avoided by simply making it a habit to go over your bill.
3. You could fail to stay on top of things such as the amount owing or the amount you’re paying monthly. As has been mentioned, you can steer clear of such problems by checking into your account regularly. This will help you to know when it might be a good idea to make additional payments to reduce the principal quicker.

Sign Up for Alerts and Reminders

Receiving a notification for an upcoming bill payment can make all the difference. You can get this by using an app, by getting your mortgage company to send an alert or reminder by email, or even by using Google calendar. You’ll be able to avoid late payments by doing so.

Set Up a Bill Pay Day

Another option is to purposefully schedule a period of the month when you can commit to making bill payments. When you go this route and have a system in place, you will avoid late payments.

What to Do if I Made a Late Quicken Loans Mortgage Payment

It’s a good idea to avoid a late Quicken Loans Mortgage payment at all costs, but mistakes sometimes happen. While you don’t want to be too hard on yourself if this happens, you need to consider possible consequences. Case in point: you could see your credit score take a hit if you don’t make payments on schedule. Also keep in mind that a late New American Funding Mortgage payment may remain on your credit report for as many as seven years, which would adversely impact your credit score. What follows is a look at 3 proven strategies you can use to have late mortgage payment information scrubbed from your credit report.

Option #1: Contact Quicken Loans Mortgage and Make Request

Reach out to your lender by phone right away, and acknowledge that your payment was submitted past the deadline. It’s important to admit you were in error. Let them know when they can expect payment. They may be willing to delete your late payment data so that your creditworthiness doesn’t suffer.

Option #2: Write Them a Letter

The next option at your disposal is to write a letter, known as a goodwill letter, to Quicken Loans mortgage. In the letter, you’ll want to specifically and respectfully request a removal. Do these 2 things in the letter:

• Demonstrate that you accept that the situation was caused by you.
• Guarantee that there will be no repeat of the delinquent behavior going forward.

What follows is a sample letter template you can use as inspiration:

[Your first and last name] [your address] [your account number]

[date]

To Whom It May Concern:

I appreciate your taking the time to read my letter. The reason for this correspondence is that I found on my latest credit report a late payment listed on [date] for my [name of account] account. I’m aware of the importance of making timely payments and meeting my financial commitments. But due to [situation that led to the missed payment], I unintentionally missed the payment due date. Although I missed the deadline, I have since then taken measures to ensure this does not happen again. Specifically, I’ve [explain what has changed that will prevent any additional late payments]. Since my missed payment, I have had a flawless record of making payments on time.

One reason I’m making this request is that my intention is to apply for a [loan, credit card, etc], and I’ve come to understand that the missed payment reflected on my credit report could jeopardize my objective. Given the fact that my single late payment does not adequately reflect my creditworthiness and intention to abide by my financial obligations, I would be grateful if you would make a goodwill adjustment. This would delete my late payment on [date] and enable me to obtain a [loan, credit card, etc.) and to secure a better rate.

I appreciate your considering this matter, and I hope you will grant my request.

Best regards,

[your name]