Comments on: My experience with LendingTree, and free gift cards http://www.mightybargainhunter.com/2007/08/21/my-experience-with-lendingtree-and-free-gift-cards/ Personal finance, commentary, and spending less the easy way Fri, 19 Mar 2010 14:24:44 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: Mehdi Cherkaoui http://www.mightybargainhunter.com/2007/08/21/my-experience-with-lendingtree-and-free-gift-cards/comment-page-1/#comment-148436 Mehdi Cherkaoui Tue, 12 Aug 2008 10:20:51 +0000 http://www.mightybargainhunter.com/2007/08/21/my-experience-with-lendingtree-and-free-gift-cards/#comment-148436 Good points although I disagree on a few. I do respect your opinion however. Read more on the following topics Mortgage watchdog, mortgage advice, mortgage tips, review, low interest rate, fha help, avoid fraud, first time home buyer, cheap mortgage on http://www.brokerpolice.com Good points although I disagree on a few. I do respect your opinion however. Read more on the following topics Mortgage watchdog, mortgage advice, mortgage tips, review, low interest rate, fha help, avoid fraud, first time home buyer, cheap mortgage on http://www.brokerpolice.com

]]> By: Tiffany Rodriguez-Taylor http://www.mightybargainhunter.com/2007/08/21/my-experience-with-lendingtree-and-free-gift-cards/comment-page-1/#comment-125725 Tiffany Rodriguez-Taylor Sun, 24 Feb 2008 09:30:07 +0000 http://www.mightybargainhunter.com/2007/08/21/my-experience-with-lendingtree-and-free-gift-cards/#comment-125725 I have to disagree with you as well, Lending Tree retail loan department, charges more points and fees than 80% of of Mortgage Brokers... Just their junk fees are over $3000 on every loan no matter what loan amount. I have to disagree with you as well, Lending Tree retail loan department, charges more points and fees than 80% of of Mortgage Brokers… Just their junk fees are over $3000 on every loan no matter what loan amount.

]]> By: Phil http://www.mightybargainhunter.com/2007/08/21/my-experience-with-lendingtree-and-free-gift-cards/comment-page-1/#comment-88175 Phil Mon, 27 Aug 2007 22:28:50 +0000 http://www.mightybargainhunter.com/2007/08/21/my-experience-with-lendingtree-and-free-gift-cards/#comment-88175 MBH, I have to strongly disagree with you. Competition between LendingTree lead-buyers is no fiercer than anywhere else in the mortgage industry. The lenders that buy leads from LendingTree have little or no idea what their competition is charging; such a situation does not lend itself to efficient competition. Instead of plugging your person info into an online form to then be sold, and sold, and sold again...here's another approach. Grab your local phone book and find the section for Mortgages. Cross reference the -local- companies you find with the certification list from the National Association of Mortgage Brokers (<a href="https://www.namb.org/images/namb/Certification/DesigneeDirectory_Website.pdf" rel="nofollow">www.namb.org</a>). Pay the resulting companies a visit, give them each a good idea of your credit score, income, and assets, and request a Good Faith Estimate (GFE). Take the best looking GFE you receive and share that with the apparently higher priced lenders. Repeat until none of the lenders will go any further. Then pick the lender you trust most who is willing to give you the best deal. Education and experience are important. Communication skills even more so. Shopping for a loan online is a risky activity in my opinion. You need a lender who will sit across from you at the closing table and be personally accountable for anything out of place. Regards, <a href="http://www.quarterlifefinance.com/" rel="nofollow">www.QuarterlifeFinance.com</a> MBH,

I have to strongly disagree with you. Competition between LendingTree lead-buyers is no fiercer than anywhere else in the mortgage industry. The lenders that buy leads from LendingTree have little or no idea what their competition is charging; such a situation does not lend itself to efficient competition.

Instead of plugging your person info into an online form to then be sold, and sold, and sold again…here’s another approach. Grab your local phone book and find the section for Mortgages. Cross reference the -local- companies you find with the certification list from the National Association of Mortgage Brokers (http://www.namb.org). Pay the resulting companies a visit, give them each a good idea of your credit score, income, and assets, and request a Good Faith Estimate (GFE). Take the best looking GFE you receive and share that with the apparently higher priced lenders. Repeat until none of the lenders will go any further. Then pick the lender you trust most who is willing to give you the best deal.

Education and experience are important. Communication skills even more so. Shopping for a loan online is a risky activity in my opinion. You need a lender who will sit across from you at the closing table and be personally accountable for anything out of place.

Regards,
http://www.QuarterlifeFinance.com

]]> By: Free Money Finance http://www.mightybargainhunter.com/2007/08/21/my-experience-with-lendingtree-and-free-gift-cards/comment-page-1/#comment-87920 Free Money Finance Sun, 26 Aug 2007 23:22:28 +0000 http://www.mightybargainhunter.com/2007/08/21/my-experience-with-lendingtree-and-free-gift-cards/#comment-87920 <strong>Carnival of Personal Finance...</strong> Welcome to this week's edition of the Carnival of Personal Finance. For those of you looking for/expecting the book giveaway I've been doing all month, please check back at the end of the day. For those of you who do... Carnival of Personal Finance…

Welcome to this week’s edition of the Carnival of Personal Finance. For those of you looking for/expecting the book giveaway I’ve been doing all month, please check back at the end of the day. For those of you who do…

]]> By: Patrick http://www.mightybargainhunter.com/2007/08/21/my-experience-with-lendingtree-and-free-gift-cards/comment-page-1/#comment-86193 Patrick Tue, 21 Aug 2007 11:35:26 +0000 http://www.mightybargainhunter.com/2007/08/21/my-experience-with-lendingtree-and-free-gift-cards/#comment-86193 Awesome! I knew Lending Tree had to be making a ton of money from their service, I just never thought about how much they make or exactly how they do it. This sounds like a great business model that actually works for all parties. Interesting post. Awesome! I knew Lending Tree had to be making a ton of money from their service, I just never thought about how much they make or exactly how they do it. This sounds like a great business model that actually works for all parties. Interesting post.

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