Beware Lending Tree When Refinancing Your Home Loan

If you are inspecting mortgage refinancing online with the Lending Tree website, you need to read this seminar first. Filling out Lending Tree's taste form will consequent in overpaying as much as ,300 for your next mortgage loan. Here is what you need to know about computerized loan origination junk fees to avoid overpaying for your next mortgage loan.

To understand how clubs like Lending Tree make their money, click on the licenses and disclosure link at the bottom of their web page. Scroll down a bit and you'll find a section entitled "Gfe Addendum - Disclosure and Fee Acknowledgment." Lending Tree claims they do not fee you for their services, while this is only partially true, the fine print found on the licenses and disclosure page tells the whole story.

Home Loan Complaints

The Good Faith appraisal Addendum discloses the "Computerized Loan Origination Fee" you will pay when windup on your new mortgage. Your lender will fee you up to 00 for filling out Lending Trees form. This is the fee you pay for using Lending Tree to find a mortgage loan. While Lending Tree is not charging you this fee directly, had you gone to the mortgage lender's website directly you would not be out of pocket 00 at closing.

Lending Tree isn't the only big named website that charges this underground fee. How can you avoid paying "Computerized Loan Origination" fees? Do your own research and go directly to lenders websites without using a third party portal like lending tree. windup costs and origination fees are expensive sufficient without third party clubs like Lending Tree bilking you out of your hard earned money.

You can learn more about mortgage refinancing without overpaying by registering for a free mortgage tutorial.

Beware Lending Tree When Refinancing Your Home Loan