The days when a borrower would walk into a local bank looking for a rate quote for a home purchase are almost gone. Most of the rate shopping and loan originating is done online. One of the go-to places for consumers over the past few years has been LendingTree.
LendingTree has become a name that people trust, but should they? Some of the benefits of using a service like LendingTree include the following..
- You will receive calls from multiple lenders
- You will be contacted the same day
- The 4 or 5 lenders who call you will apparently compete with one another for your business.
- You are not obligated to get your loan from one of the lenders who call you
While these benefits seem great, there are quite a few negatives that may make you think twice about using LendingTree. Click to read more about the LendingTree Pros and Cons and also the things that are very concerning to consumers who wish they never completed the online application. Then, I will share an alternative that could work better for you.
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