LendingTree Mortgage Refinance Review

As a lending marketplace, LendingTree offers a wide variety of ways to refinance your mortgage, via their nationwide network of lenders. Aside from government-backed VA, HARP, and FHA loans; LendingTree can also connect borrowers with conventional fixed or adjustable rate loans. Its lenders are thoroughly vetted and completely reliable, with proven track records that put them at the forefront of the loan origination industry.

Since LendingTree doesn't generate loans in and of itself, specifics regarding the application process depend on the individual lender. Given the breadth of its provider network and its long experience in the sector, the company, therefore, provides the greatest degree of flexibility for customers of all levels of qualification wishing to explore their options. Lending Tree’s application process is very simple. First, you’ll need to input which type of property you’re looking to refinance, and whether it’s intended as a rental, secondary, or primary home. Users are then asked about their main refinancing goal, and must also indicate their zip code. Then they must estimate the value of the property (this does not have to be completely accurate), and the balance remaining on the 1st mortgage. Users must then indicate whether they have any additional mortgages, and whether they would like access to additional cash (in the form of a cash-out refinance). Standard personal questions follow: annual income, credit score, birthdate, military service, previous bankruptcy or foreclosure, current address, name, and email address. And just like that, you’ve given the main information needed for obtaining up to five mortgage refinance offers.

LendingTree is a marketplace for loans, so each individual lender in its partner network will have a different reputation. Helpful resources for looking at a company’s customer reputation are the Better Business Bureau, the Consumer Finance Protection Bureau Complaint Database, and Trustpilot. It’s also critical to research your chosen lender’s financial stability. There are various indicators for this, including the amount of capital it has access to, the quality of its assets, and its earnings. While this may seem like overkill, a bank or any other financial institution’s financial stability directly speaks to its ability to meet its commitments, especially during periods of financial turmoil or outside pressures. LendingTree has the foresight to only work with accredited originators with proven track records in the industry. As an online resource, LendingTree itself is generally well regarded by customers and carries an above average Trustpilot score of 9.1.