Friday, July 21, 2017

Rocket Mortgage by Quicken Loans: Just a sign of the times, I guess...



Maybe it's because I was born after 1980, I don't know, but I'll agonize for ten minutes over which brand of freaking laundry detergent to buy and when I used to shop for cars I'd visit the dealership at LEAST twice before finally committing.  My travel agent knows that I'll be sending her at least half a dozen emails requesting information on as many different countries before I decide which, if any, I'm going to be visiting next summer- and then I'll start the long, ardous process of nailing down the right week I intend to go.

But apparently it's perfectly normal nowadays for young people to see a house they like, whip out their phones, and commit to a 30-year mortgage in about fifteen seconds flat.  Monthly payments? Insurance?  WTF-ever, I guess.  Checking out different banks to see who is offering the best deal?  We don't do that anymore, grampa.  We've got Smartphones now- which means we can make life-defining decisions by scrolling our finger across a screen.  We've got thirty years to think about it, starting later.  That house is available, we want it, what else is there to discuss?

A few years ago I snarked on a commercial which featured someone using a Smartphone to check out pets available at the local shelter, and picking one out based on how it looked on her screen.  I feel stupid for making fun of that person now.  The people in this ad are spending far less time researching mortgages and agreeing to spend $400,000 plus interest between now and mid-century than that pet-seeker did in finding a small mammal to take care of for a decade or so.  I thought "One-Click" adoption would come before instant mortgages.  Shows what I know.


10 comments:

  1. Aren't you glad online shopping and the "cashless" mindset that accompanies it are the waves of the near future?

    ReplyDelete
    Replies
    1. I'm Sure that touch screen-one click scan and go purchasing has Nothing to do with the explosion of personal debt. Nothing at all.

      Delete
  2. You may be required to supply some basic information such as your Name, Address, and your employer details luottoa

    ReplyDelete
    Replies
    1. I may be required by WHO to supply that "basic information" to WHO??

      Delete

  3. Nice to be visiting your blog once more, it has been months for me. Well this article that ive been waited for therefore long. i want this article to finish my assignment within the faculty, and it has same topic together with your article. Thanks, nice share.
    www.financialdirectorysg.com

    ReplyDelete
  4. Pretty nice post. I just stumbled upon your blog and wanted to say that I have really enjoyed browsing your blog posts. In any case I’ll be subscribing to your feed and I hope you write again soon. https://www.bridging-loan-co.uk/

    ReplyDelete
  5. Replies
    1. I just had to include this obvious ad. You had me with "full of sublime and virtuosic words." That being said, payday loans are the tools of scumbags.

      Delete
  6. A good blog always comes-up with new and exciting information and while reading I have feel that this blog is really have all those quality that qualify a blog to be a one. Personal Loan in Pakistan - faysal bank credit card

    ReplyDelete
  7. very well written article.I'm looking forward blogs on mortgages.

    ReplyDelete