Google News: Rates are going to go up by $5k per loan on Quicken loans.
The company’s website says the move comes after its consumer lending program “saw more than 50 million loans completed.”
The new rates come in part from Quicken’s partnership with Bankrate, which is a major player in the mortgage industry.
Quicken offers a range of loans, including traditional mortgages, and also offers credit cards, line of credit, and payday loans.
In recent years, Quicken has expanded its offerings and recently launched a credit card line of its own.
The latest changes will affect consumers who are making monthly payments on their mortgages or are making more than $5K in monthly payments.
Quickset rates for mortgages with a minimum payment of $300 per month.
For loans with a monthly payment of more than that, Quicksets rates are also going up.
These new rates are based on Quickseto borrow $500 per month with Quicken.
The rate increases apply to borrowers who currently have a monthly payments of more $500 or $1,500.
Quikster’s website notes that it has also seen a number of customers who are not eligible for the new rates, as Quicken is looking at adding a new loan to its existing portfolio.
Quick is still in the process of expanding its portfolio of loans.
It said that its new offering will “provide a more competitive, affordable, and secure credit solution for our customers and is designed to help them achieve their goals.”
Quicken said that the new rate increases will be applied to all Quicken borrowers and not just those who have been making payments on a Quicken loan.
However, Quixo also added that it will be making a “small adjustment” to its current Q3 loan results.
It is unclear what the adjustments are or how much they will cost Quicken, Quick said.
The announcement comes after Quicken posted a similar announcement earlier this month.