I cant believe that people are not more educated in the U.S. Its a shame that we dont spend time in school learning how to manage and understand the finaces of a mortgage. There are a number of ways to space out a payment with term and rate. If America was more educated we would not be in the enconomics crisis we are in. People please do not attempt to buy a home unless you have a good job for 2 years, have enough in reserve for 6 months (401k,403B,IRA checking and savings ect..), and put at lease 20% down, or maintain this much equity if you want to safely won a home. As for quicken loans, they are a larger company that is regulated by the government just ass all larger lenders. Good luck with your mortgage experence, you can shop till you drop, but at the end of the day if your not ready for the commitment then your bound to flop.