What is the Quicken Loans RateShield program?

The Quicken Loans RateShield program is designed to protect a borrower's interest rate when getting a mortgage. It guarantees that the rate will remain the same even if rates increase before closing. It provides peace of mind by allowing borrowers to lock in the current interest rate for up to 90 days. This ensures that the rate won't increase during the loan application and approval process. If rates drop during this period, borrowers can also take advantage of the lower rate through Quicken Loans' RateShield Advantage. With this program, borrowers have the flexibility to shop for a home without worrying about potential rate fluctuations. Quicken Loans' commitment to transparency and customer satisfaction makes the RateShield program a valuable option for those seeking a mortgage.