LendingTree Mortgage Refinance Review


Rating: 9.8 / 10 (Excellent)
4 Customer Reviews - see all reviews
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How is LendingTree rated?
10/10
Mortgage Types
10/10
Qualifying
10/10
Mortgage Related Fees
10/10
Financial Reputation
10/10
Reviews and Support Service
0/10

LendingTree is a duly licensed mortgage broker that facilitates home refinancing services through a convenient online portal. It helps connect homeowners searching for home refinancing options with its large network of mortgage lenders. Homeowners are able to get quotes from as many as five lenders in a matter of minutes. LendingTree aims to make home refinancing easier by empowering homeowners to make more informed decisions by selecting the best quotes from numerous mortgage lenders.   

Types of Home Refinancing Mortgages

  • Fixed Rate Mortgages
  • Adjustable Rate Mortgages

 

Other home loan options

Aside from providing mortgage refinancing, LendingTree also offers home equity loans and reverse mortgage options through its network of mortgage lenders.

  • Home Equity Loans
  • Reverse Mortgage

 

Qualifying for Mortgage Refinance

A majority of people applying for home refinancing are having difficulty keeping up with their monthly payments. Hence, most of these homebuyers may have experienced a drop in their credit ratings. LendingTree lets mortgage lenders compete for your business. This means finding a mortgage lender that accepts less than ideal credit scores is possible.

 

Credit Score

580 or better

Income to Debt Ratio

35% or more

Years Employed

2 years

Loan Terms

Up to 30 years

 

Things that lenders may ask for

  • Current mortgage information
  • Homeowners insurance
  • Property tax bill
  • Prior closing documents
  • Latest payroll stubs
  • W-2 forms
  • Most recent bank statements

 

Refinance Mortgage Rates

 

Fixed Rate Mortgages

 

30-Year Term

15-Year Term

Mortgage amount

$100,000

$100,000

Annual percentage rate (APR)

3.96%

3.25%

Number of monthly payments

360

180

Principal and interest

$512.21

$729.33

 

Adjustable Rate Mortgages

5/1 ARM

 

Mortgage amount

$100,000

Annual Percentage Rate (APR)

3.75% for the first 60 months

Number of monthly payments

360

Principal and interest

$454.21

 

Why Mortgage Refinance at LendingTree

LendingTree as a mortgage refinance service truly shines because of its ability to connect homeowners to different lenders who all compete for their business. Rather than working with a single company and negotiating for smaller interest rates, LendingTree gives homeowners multiple options for making a more informed decision. 

 

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Latest Reviews

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K
keene
Clayton, North Carolina
2/4/2017
after going thru the exhaustive hoops and appraisal process for a refi, we wanted a 100000 loan on an appraised house of 175000 with credit ratings of my wife and myself of over 700 and at the last minute got declined. Royal mortgage you stink!!!

J
Jason
Washington, Indiana
8/28/2016
Lending Tree asked for every private detail it could about my life and at the end of it all, it spat out "We weren't able to match you with any lenders in our network." So I've given them everything and they have given me nothing. Not impressed.

T
Trent H
8/6/2016
Lending tree does a great job of giving you many options. I do not like the fact that a phone number must be entered immediately. Get ready to have your phone blow up with offers.

J
jon s
Atlanta, Georgia
11/26/2015
that's a good offer for mine. thanks for suggestion

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