Lending Tree is a big company that lends billions of dollars each year, but bigger isn’t always better. Lending tree may be a solid company but how does it compare when it comes to mortgage lending? This review will break down what Lending Tree has to offer for those who are looking to get a mortgage and see how they compare.
Even in there many different aspects of loaning, Lending Tree will have a variety of options for you to choose from. For example, when you click on the home purchase button, you are brought to a screen to choose from a single-family home, townhome, condominium, multi family home, and manufactured or mobile home. This helps Lending Tree to find loans that match not only your personal information and budget, but also the type of building you are looking to buy. They will even go a bit further and ask you if this will be your primary home, your secondary home, or a rental. Who knew all these questions were pertinent? Well, Lending Tree does.
During the questionnaire if you chose to refinance, they will ask many of the same questions as home purchasing, only they will also ask you why you want to refinance. Knowing your reasons can help you get a better refinance loan for your mortgage.
Since people refinance for different reasons, it makes sense that you would want to get a refinance loan for your specific goal, whether it be to get cash, lower your APR, or shorten your term.
Lending Tree also offers Home Equity loans with an easy to fill out form of your home location, value, and mortgage balance. You can use the equity of your home to get a loan in the amount of that value.
This can be used to improve the home or for an emergency, but either way, Lending Tree will get you a list of home equity lenders all competing for your loan.
Lending Tree is an incredibly easy website to use no matter what kind of loan you are getting. They ask you all the pertinent questions to help you get the most useful loan for you. Each form is an easy to understand multiple choice question with large print, easy to read, buttons with your choice on it.
There are some questions that need entered info, like your personal information, but most are very simple and take minimal effort. You can get through your little questionnaire in minutes and have multiple quotes ready to go.
The price for using Lending Tree is absolutely free. They don’t charge you anything at all. They make their money through the loans that you choose, which makes them a great choice to shop for mortgage loans.
They even have some great tools to help you decide on your budget. They have mortgage payment calculators, a home affordability calculator, a cash-out refinance calculator, home equity calculator, reverse mortgage calculator and more.
They will even get you access to your credit score for free so that you know what kind of buying power you have. Lending Tree is a great place to start when you are looking to get a mortgage loan.