irvinehomeowner
Well-known member
I know this place has been mentioned in the "How low can it go?" thread (I called it owing.com) but this company is interesting. I hear their ads on the radio all the time and their marketing strategy is intriguing.
The first ads I heard were something like:
"We are mortgage pros who worked for other companies and wanted to streamline the mortgage process so we created a company that has zero fees, low paperwork and low rates."
The next ads I heard were:
"We can close your loan in as little as two weeks."
And
"We really have zero fees, if you APR does not match the interest rate, then there are hidden costs which we don't have."
And
"You don't have to start paying 30 years when you refi with us, if you have 27 years left, our refi will also have 27 years."
The latest one is:
"You can refi up to the full value of your home, and then use that cash to buy investment properties and we will give you those loans because we can qualify you based on your rental income."
And on their website, they have "Zero down loans" but those are only available in Southern California. Why would only SoCal qualify for those type of loans?
A few posters have mentioned their satisfaction with Owning.com and by the looks of it, they are more than just lenders, they also do the buy/sell side of real estate (including "buying your home for cash" and #maxrebate).
Who are these guys? Former Ameriquest/Countrywide/Downey/WaMu execs?
The first ads I heard were something like:
"We are mortgage pros who worked for other companies and wanted to streamline the mortgage process so we created a company that has zero fees, low paperwork and low rates."
The next ads I heard were:
"We can close your loan in as little as two weeks."
And
"We really have zero fees, if you APR does not match the interest rate, then there are hidden costs which we don't have."
And
"You don't have to start paying 30 years when you refi with us, if you have 27 years left, our refi will also have 27 years."
The latest one is:
"You can refi up to the full value of your home, and then use that cash to buy investment properties and we will give you those loans because we can qualify you based on your rental income."
And on their website, they have "Zero down loans" but those are only available in Southern California. Why would only SoCal qualify for those type of loans?
A few posters have mentioned their satisfaction with Owning.com and by the looks of it, they are more than just lenders, they also do the buy/sell side of real estate (including "buying your home for cash" and #maxrebate).
Who are these guys? Former Ameriquest/Countrywide/Downey/WaMu execs?