LendingTree Home Equity Loans Review


Rating: 9.7 / 10 (Excellent)
15 Customer Comments & Reviews - see all comments
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LendingTree is an online lending aggregator that connects potential customers with various lenders who compete for business. The South Carolina-based company was founded in 1996 and offers a range of financial products to select from, including home equity loans and HELOCs. LendingTree offers home equity products for single and multi-family homes, townhouses, condos, and manufactured homes. The company carries a grade of A- with the BBB.

How is LendingTree rated?

Breakdown

10/10
Loans
10/10
Qualifications
9/10
Reputation
10/10
Consumer Experience

Overall Rating: 9.7 / 10 (Excellent)

LendingTree scores highly with us because the company focuses on making the lending process quick and easy. With just a few questions, LendingTree connects borrowers with their wide network of trustworthy lenders. Their website is also full of helpful resources and tools, all of which are easy to use and understand.

LendingTree Loans

Lender Type
3rd Party Marketplace
Loan Types Available
Home Equity Loan
Home Equity Line of Credit
Cash-out Refinance
Home Equity Loan Fixed Rates Starting At
4.25%
Max HELOC Draw Period
20 years
HELOC Fixed Rates Starting At
4.25%
Cash-out Refinance Terms
15, 30 years
Cash-out Refinance Fixed Rates Starting At
Depends on the lender.
Origination Fee
Depends on the lender.
Closing Fee
Depends on the lender.
Maintenance Fee
Depends on the lender.
Application Fee
Depends on the lender.

Loans - 10 / 10

Lending Tree's wide network of lenders allows homeowners to access many different offers at once, making it easy to compare competing rates and terms. Borrowers only have to fill in the worth of their home, what they owe on their mortgage, and how much they'd like to borrow; and LendingTree matches them with up to five qualifying lenders. Whereas customers often have to get different quotes from different lenders for each loan product, LendingTree offers convenient access to home equity loans, HELOCs, and cash-out refinance all in the same portal.

LendingTree Qualifications

Loan Qualifications
Property Appraisal
Proof of Employment
Primary Residence
Minimum Home Equity
80%

Qualifications - 9.7 / 10

Since Lending Tree is an online marketplace which connects borrowers with a selection of different lenders, specific qualification requirements will vary according to each originator. However, Lending Tree's wide network of lenders ensures that homeowners are matched with a loan option that fits their needs.

LendingTree Customer Experience

Site Features & Technology
Home Equity Calculator
Mobile App
Online Application
Online Quote

Consumer Experience - 10 / 10

Though Lending Tree is not an originator itself, but an online marketplace, they provide a wide range of resources for their customers, with particular emphasis on helpful educational tools.

LendingTree Reputation

Average Mortgage Size
$252,160
Nationwide Mortgage Licensing System ID
1136
Nationwide Mortgage Regulatory Actions
2
Trust Pilot Rating
9.4 out of 10
BBB Rating
A-
Number of BBB Positive Reviews
55
Number of BBB Neutral Reviews
10
Number of BBB Negative Reviews
53
Date Collected
2017-08-17

Reputation - 9 / 10

Lending Tree is uniformly well reviewed across various different consumer review websites. They only work with trustworthy, legitimate lenders in their network.

Additional Details

Homepage URL
Company Phone
(800) 813-4620
Headquarters Address
11115 Rushmore Drive, Charlotte, NC, 28277
Mailing Address
11115 Rushmore Drive, Charlotte, NC, 28277
Year Founded
1997

What We’re Hearing From Our Readers
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Customer Comments

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A
Ann B
Davis, California
10/18/2017
No rates offered at all on-line -- what a scam!! I want to see rates BEFORE I waste time talking to potential lenders. Blowing up my phone line is NOT what I signed up for. Luckily I provided my landline, and they can all talk to my answering machine. Will not use again.
11 People found this helpful.


D
Doug H
Los Angeles, California
2/10/2018
Gave all of this personal information for multiple sources of rates and they give me 1 source with one rate and the amount I "qualified" for was 5x the amount I needed. Now I'm going to get barraged by phone calls. Great. I should have read the comments.
7 People found this helpful.


C
Cisco
San Francisco, California
9/13/2017
I have to agree with what others have said regarding the immediate phone call assault! I submitted my too much information 45 minutes ago and have received no less than ten calls. Three of which came from the same person. And none of the organizations that called offer heloc. Wth? I have a better interest rate currently than what anyone can offer which is why I don't need a refi. I just set myself up for an assault by those who got my information. This site is nothing more than a hunting license. I was hopeful that it would be legit. It is if you want a refi. Just not a heloc.
7 People found this helpful.


R
Roobah
Chicago, Illinois
4/15/2018
Provides only ONE option for me and it's from a company that has LOTS of negative reviews. Everyone says beware of the company provided, claiming them to be scam artists. I am just looking for a simple home equity loan or HELOC on less than 25% of my equity and I have well over 720 credit rating and have paid my condo in full (no mortgage at all). What kind of service is that? Can't even leave a review because this review site has been blacklisted through Facebook.
4 People found this helpful.


S
suad n
6/3/2017
I just went on to lending tree and entered all the required information name DOB, address, last 4 of my social, email phone number and all, only to be directed to call each one of the lending institutions to get my rate quote. What kind of service is that? I thought you were supposed to see your rates after all that. This is great now everyone on this site and all the lending institutions they deal with have my info and I don't have a single offer. I did not want you to share my Info.
4 People found this helpful.


W
William c
Jacksonville, Florida
1/8/2017
Got a call in seconds, told me they used their own capital, then after pulling credit report stated they want d to shop for a rate from other vendors. This after I ask do if they were the lender or a broker. Then they stated the did not do home equity which was what I applied for. Bait and switch, they even tried to sell me on financial planning. Don't use this site!
4 People found this helpful.


W
Walt W
Tucson, Arizona
5/9/2017
I requested information on a home equity loan and only after providing personal information received offers for only cash out refinance loans and a direct call from a lender even before the screen had time to load. A waste of my time.
3 People found this helpful.


T
Tom P
Walnut Creek, California
10/20/2016
I entered the extensive information on the site, only to have it say that they couldn't give me any rates. Then, literally 30 seconds after I entered my info with phone #, I got a call from BOTH LendingTree and Quicken trying to "verify my info" and have me speak to a loan officer before they could give out any info. Deceptive at best!
3 People found this helpful.


S
schro1703
Leesburg, Florida
8/11/2017
I was told my credit was 630 and my credit rate is 815. I do not know where you get your rates from but they are wrong . Check your credit rates again.
2 People found this helpful.


J
Jake T
Los Angeles, California
5/19/2017
I had an amazing time getting a loan with Lendingtree. They made it easy, fast and affordable. I am definitely going to recommend them to all my friends and family. My wife is super happy too and I'm not paying a crazy interest rate.
1 People found this helpful.



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