What do you think about Lending treeany advice.?

Asked by Penny, 10704 Sat Jun 14, 2008

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Sat Jun 14, 2008
Penny,

Frank has it right...be prepared to have multiple lenders calling and emailing you non-stop. They have a vested interest in your inquiry.
1 vote
Frank Diaz, Agent, Honolulu, HI
Sat Jun 14, 2008
I have heard that they send your loan (and credit) information out to 3 or 4 lenders to get you the best possible deal.
One person told me that it dropped his credit score due to all the inquiries in a short period of time. It would be interesting to hear from mortgage brokers that deal with clients trying to use using LendingTree.
I suspect E-loan and other online systems are similar. The website probably takes 1/4% off the top and sends the loan out.
Have you already used it?
1 vote
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