Ameriquest

Ameriquest Mortgage Company is one of the nation's oldest and largest home-equity lenders. Ameriquest is proud of their history of making credit accessible to homeowners, helping customers gain a fresh financial start, realize a dream and make homeownership a reality.

Ameriquest believes consumers should (1) receive clear and timely disclosures of the terms of a proposed loan and their options; (2) have adequate time to evaluate and negotiate those terms and; (3) have the ability to obtain the advice of independent advisors as to whether the loan is one they should accept.

As part of this philosophy, Ameriquest has made the decision not to quote rates on their website. “Those rates you see published represent the lowest rate you could possibly receive — a combination of circumstances involving the size of your loan, type of property, credit rating and more,” they explain, going on to say, “You may qualify for that rate. Then again, there’s a chance you won’t.” They elaborate, stating that every loan is a separate case, and every application is evaluated so that a loan can be tailored to individual needs.

Ameriquest Mortgage Loan Options

Ameriquest lends in most of the United States, though they do not do loans at all in Virginia, West Virginia, or Nebraska. Their niche is largely subprime, and they specialize in debt consolidation loans for medium- to high-risk borrowers. In addition they do offer Fixed Rate Mortgages, Adjustable Mortgages (ARM), Interest Only Loans, LIBOR, Cash Out Loans, Refinance Loans, Second Mortgages, Home Purchase Loans, Reverse Mortgages, Home Equity Lines of Credit (HELOC), or Home Equity Mortgage Loans.

Unlike many mortgage lenders, Ameriquest retains the servicing on all their loans, so the list of “best practices” on their website encompasses all aspects of the mortgage loan transaction, not just the origination phase, and includes points on encouraging the use of escrow accounts (impounds for those on the West Coast) and their innovative offer of a seven day rescission period on refinances, instead of the federally mandated three days.

Ameriquest in the Community

In addition to mortgage lending, Ameriquest is an active sponsor of many cultural and sporting events, including the Ameriquest Field ballpark in Arlington Texas. As well, it's philanthropic mission Soaring Dreams is involved in literacy programs throughout the country.

Ameriquest lends throughout the United States, and is subject to the laws of the state in which specific property is located.

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