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Lending Tree, any dealings?
Big Sky Redneck
Member Posts: 19,752 ✭✭✭
Has anyone here dealt with Lending Tree? Are they good, bad or so so? Anything a person needs to look out for?
And before all the advice about hometown banks starts pouring in remember I am not in the US right now and so far Lending Tree is the only ones who will deal with me in finding financing via email and Fed Ex.
So far the best deal they offered was a fixed rate 4.35% 15 year deal. My biggest grips is I just today got the pre approval letter so that I can finally submit my offer. Realtor and seller have been chomping at the bit waiting for this.
And before all the advice about hometown banks starts pouring in remember I am not in the US right now and so far Lending Tree is the only ones who will deal with me in finding financing via email and Fed Ex.
So far the best deal they offered was a fixed rate 4.35% 15 year deal. My biggest grips is I just today got the pre approval letter so that I can finally submit my offer. Realtor and seller have been chomping at the bit waiting for this.
Comments
Has anyone here dealt with Lending Tree? Are they good, bad or so so? Anything a person needs to look out for?
And before all the advice about hometown banks starts pouring in remember I am not in the US right now and so far Lending Tree is the only ones who will deal with me in finding financing via email and Fed Ex.
So far the best deal they offered was a fixed rate 4.35% 15 year deal. My biggest grips is I just today got the pre approval letter so that I can finally submit my offer. Realtor and seller have been chomping at the bit waiting for this.
You can probably beat Lending Tree's rates easily by going to Zillow.com and once there click on the link Compare Mortgage Rates on Zillow. Once on the page you are taken to, fill in the information in the left column. And, remember to add a 5% down payment to get the best possible rates. Hit submit/Get Rates and stand by for some rapid results as mortgage Brokers and Bankers compete for your business. And, they do their business by mail, FedEx, etc.
Pay attention to the overall cost of the loan and get an APR that is equal to your loan rate. Also, go for Zero points, and NO FEES, since they will be making enough on the deal to fund this for you just to get your business!
A couple of months back I got my loan for 3.5%
Added: Some lending Tree reps use Zillow, and they could not compete with many of the folks that use Zillow.
if a company has to pimp themselves on tv to the level that most of these mortgage related companies due, especially late at night, then they are highly likely to be no good. solid companies who do good business have little need to beat you over the head with their ads. word of mouth referrals are a hundred times more effective in terms of advertising value than tv ads on a loop.
Had them for a mortgage once. Did not like dealing with them. Like most lenders these days, they are too big = too stupid = too inhuman. I like working with small, local banks with hu7man beings you can meet with face to face. Trouble is, such banks rarely do home loans.
More local banks are keeping their mortgages now, unlike before when they sold them to the secondary market. Big boys lost their * last time around so there's not much buying up of small bank loans.
once you enter your application with Lending Tree you have no control of what they do with that application...