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talkingdreams · Joined: 07 Nov 2008 Posts: 1 1.52 Dollars($)

Can anyone advise as to whether it is a good idea to use lending tree for a refinance?
thanks in advance!

smithsussane · Posted: Fri Nov 07, 2008 7:30 pm Post subject:

Hi talkingdreams!

Welcome to forums!

I haven't personally dealt with Lending Tree but also haven't heard anything bad about them. In my opinion, you should first speak to a few people who have dealt with this company and try reading some of the testimonials that others having written about this company. This will give you a fair idea about the company. If you feel satisfied you can have a deal with them.

Feel free to ask if you have further queries.

Sussane

elnoralittle · Posted: Sun Nov 09, 2008 9:26 am Post subject:

I have never used lending tree. I don't think it cost anything to you and could provide several options as far as lenders go.

You could log onto the consumer reports and read reviews.

You m ight want to consider a local lender that you could personally meet with to go over paperwork, vs someone out of state.
If that would make you more comfortable obtaining financing.

You could also go onto the forums lender site, if you have been here awhile you would be able to gain some insight as to the knowledge of the lenders responding.

carlpruitt · Posted: Sun Nov 09, 2008 7:58 pm Post subject:

One thing that you should know is that Lending Tree is one of a number of organizations that are not true lenders in the traditional sense, but sell your information to lenders who have signed up with them and agree to pay.

Once you enter your information into their system you will be bombarded by calls and emails from loan officers who are more likely to be high pressure salesmen than advisers concerned about your getting the best mortgage.

You can get the same benefit by doing a little research on this forum or on the internet in general to find professionals who are more oriented toward your well being (and thus keeping you as a future customer) than on selling you a loan and moving on to the next prospect.

jveenstra · Posted: Mon Nov 10, 2008 10:53 am Post subject:

Lending Tree gets mortgage money from different lenders, same as a mortgage broker or mortgage banker does. They are no better and no worse than any mortgage banker or mortgage broker. The difference between the Lending Tree and a mortgage broker and a mortgage banker is simple: Are you working with someone who is treating you properly?
There can be new employess who do not know a lot or bad employees at Lending Tree or anyplace else. The "best" mortgage source is probabaly a referral to a specific branch or better yet, a speciifc mortgage consultant or loan officer. The market rate is the market rate is the market rate....
So, you simply need an expert who terats you properly.

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