Lending Tree

Home Purchase Mortgages

Lending Tree’s strength stems from the variety of loans it offers to its customers. Whether you are considering single-family homes, condos, or townhomes, Lending Tree will match you with several choices from different lenders so you can shop around and find the best mortgage for your budget.

They take it a step further and offer loans for other real estate types, including multi-family units and manufactured homes.

Since people purchase homes for different purposes, Lending Tree includes a screening section where you indicate if the home will be a primary residence, secondary residence, or rental property because lenders evaluate these situations according to different criteria.

Mortgage Refinance

Interest rates are close to an all-time low, and consumers are refinancing their mortgages to take advantage of this unique borrowing opportunity. Lending Tree offers a robust selection of refinancing options that will help its customers meet their goals, whether they need some extra cash, alter the length of the loan, or lower their APR.

The refinance application process is similar to the mortgage application process. Still, they will ask more detailed questions regarding what you want to get out of the refinanced mortgage.

Home Equity Loans

The more you pay into your house, the more equity builds as you pay down your mortgage. Once you have built up some equity, you can elect to borrow against that for a lower rate if you need extra cash for home improvement or emergencies. Home equity loans typically have more favorable terms than credit cards.

Lending Tree simplifies the home equity loan process by utilizing a straightforward form that asks:

• The location of your home
• Your home’s current value
• Your mortgage balance

Once you fill out the form, Lending Tree will pair you with the best home equity loan options based on your responses.

Reverse Mortgage

A reverse mortgage allows you to borrow against the equity you have built up during your retirement to help fund your lifestyle. Once you have paid off your house and are looking for a stable source of retirement income, you can borrow against the value of your home.

The creditor gains a lien over your home instead of ownership, and you can spend the money how you want to.

Lending Tree matches you with the best lenders depending on your home’s value and your income.

Ease of Use

Lending Tree streamlines the borrowing process for all types of home loans thanks to their intuitive questionnaires, informative graphics, and reliable customer service.

Once you submit your personal information and build your profile, lending Tree will get to work by matching you with the best loans and give you the option to compare between a variety of rates and terms within minutes.

Price

Since Lending Tree makes its money from commission and interest from the loans it sells, its service is free for its customers. This makes Lending Tree a powerful choice for consumers because they can confidently shop around for a loan without paying anything upfront.

Lending Tree also provides insightful tools and mortgage calculators on its website that allow potential customers to run numbers themselves, so they have a deeper understanding of the loan they are looking for.

Finally, Lending Tree runs a free credit check for you. Coupled with the other features benefits, Lending Tree is a great choice for anyone from a first-time homebuyer to a retiree looking for a reverse mortgage.