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LendingTree vs Freedom Mortgage

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LENDINGTREE

LendingTree is a leader in the mortgage business. Founded in 1996, LendingTree has successfully helped take the stress out of borrowing money for millions of customers. They currently hold an A+ rating with the Better Business Bureau and provide the most user-friendly, comprehensive home loan website available today.

LendingTree expedites the loan process by providing their customers a list of the best loans available for their specific needs and credit score. Their website lets you to enter all the necessary details and information directly into their system, to quickly find the best mortgage terms suited for your specific loan. This process is free and secure. LendingTree has relationships with over 150 banks and lenders which completely eliminates the time and effort needed to compare several loans at once before making a selection.

Inquiry Process:

  1. Complete a simple home loan online request to specify the property type, credit rating, property location, mortgage amount, and contact information
  2. Receive up to 5 online offers from lenders in minutes
  3. Compare mortgage rates and terms for each loan
  4. Choose the home loan that best fits your needs and complete an official application for that lender

Another bonus with the LendingTree website is the extensive home loan tools they provide. These tools help customers identify how large of a mortgage they can afford, and what type of loans exist. They also provide extensive articles on the mortgage process including down payments, closing costs, and much more.

For customers with a lower credit score, LendingTree provides information on credit repair and a credit monitoring service to make sure your credit report is as clean and strong as possible before applying for a home loan.

LendingTree has designed the most comprehensive website that is equipped to quickly and painlessly match lenders to home loan borrowers in minutes. The number of lender relationships, the helpful tools, the professionalism, and additional services all make LendingTree the go-to website for all of your home loan needs. They earn our highest rating.

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FREEDOM MORTGAGE

Freedom Mortgage is a New Jersey based company that provides a variety of home loan and refinancing options. In business since 1990, Freedom has helped thousands of customers with their home loan needs and works with customers in all 50 states. Freedom serves as the mortgage originator and loan servicer but also states that they have lending partners.

The application process is pretty straightforward and traditional at Freedom Mortgage.

Inquiry Process:

  • Complete an online request identifying your name, contact information, address history, property details, sources of down payment, tax information, sources of income, employment address, details of assets, a long list of declarations, and ethnicity.
  • A Home Loan Expert calls to verify your credit score and discuss your loan.
  • If approved the loan detail options will be sent via email.

The Freedom website has an extensive list of tools for the home buyer. Identify mortgage rates, the difference between loan types, mortgage calculators, education tools and much more. The website also offers a blog with a plethora of additional articles and details on home loans.

Freedom also offers a pre-qualification process if you have not yet identified the home you wish to buy. The process is similar to that of applying for a loan and the anticipated turn around is typically a few days.

Freedom Mortgage doesn't have all of the bells and whistles of those companies ranked higher. Specifically, the list of potential competitive loan choices are shorter. Freedom is similar to finding a local lender but without the hassle of making an appointment, leaving work and being fixed to bank hours. Freedom does offer a nice variety of loan types and their customer representatives.

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Home Loans

To help you find the Best Home Loans, TopConsumerReviews.com provides you with an in-depth comparison of LendingTree and Freedom Mortgage.

Today, home loan rates and home prices are very favorable to the buyer. Not only can you find a great home at a good price, you can usually borrow money at very affordable rates. And lending companies are once again eager to loan money to well qualified buyers.

A savvy home buyer should take the time to determine which home loan lender has the best home loan rates. Shopping for the right home loan can save you thousands of dollars in interest and mortgage payments. A low home interest rate can also enable you to pay off your home loan years ahead of schedule.

Traditionally this involved visiting different banks and lending institutions, filling out paperwork, and waiting for a reply to come in the mail. Using the internet, however, makes this process much easier. With this latest trend in finding a home mortgage, you can easily browse through offers from a variety of lenders in the comfort of your own home. You'll find that online home loan lenders often offer the best home loan rates.

Before you begin your home loan search, you should consider the following:

  • Application process. What is the process of inquiring for a home loan? Can you expect a phone call or does the home loan company offer a more convenient online application process?
  • History. What might you qualify for, given your credit history, size and type of home loan desired? Does the home loan company have a history of effectively and professionally assisting consumers?
  • Number of Lenders. How many lenders does the company work with to find you the best home loan rate? How does this compare?

TopConsumerReviews.com has reviewed and ranked the best Home Loans available today. We hope these reviews help you find the loan that meets your financial needs!



Home Loans In The News

U.S. mortgage rates reverse course

U.S. mortgage rates rose this week after dropping in most of the recent weeks, according to Freddie Mac. The 30-year fixed mortgage averaged 4.53 percent for the week ending July 12, up from 4.52 perc...

Published:  Sun, 15 Jul 2018 08:51:00 GMT



Mortgage rates inch up as housing market braces for slowing momentum

Rates for home loans crept higher, snapping a three-week stretch of declines, even as bond yields remained subdued. The 30-year fixed-rate mortgage averaged 4.53% during the July 12 week, up one basis ...

Published:  Fri, 13 Jul 2018 12:08:00 GMT



Banks Not Providing Taxpayers With Accurate Mortgage Interest Information

There are many people who have unwittingly understated their mortgage interest deductions who should be seeking refunds. Also preparers of tax returns should not be taking Form 1098, which reports mor...

Published:  Fri, 13 Jul 2018 03:58:00 GMT



U.S. Fed buys $1.8 billion of mortgage bonds, sells none

(Reuters) - The Federal Reserve bought $1.835 billion of agency mortgage-backed securities in the week from Jul. 5 to Jul. 11, compared with $3.007 billion purchased the previous week, the New York Fe...

Published:  Thu, 12 Jul 2018 15:05:00 GMT



Sinking Mortgage Rates May Attract New Buyers

(RTTNews.com) - Mortgage rates or interest rates on home loans inched up for the first time in 7 weeks, however continues to hover at low-levels, according to mortgage provider Freddie Mac. Releasing ...

Published:  Thu, 12 Jul 2018 10:27:00 GMT



JPMorgan earnings increase despite drag from mortgage lending

In the second quarter of 2018, JPMorgan Chase saw a slight decrease in its earnings from the previous quarter, but still managed to increase from the previous year despite a drag from its mortgage ban...

Published:  Fri, 13 Jul 2018 10:29:00 GMT



Average US mortgage rates edge up; 30-year at 4.53 percent

WASHINGTON (AP) - Long-term U.S. mortgage rates edged higher this week, marking their first increase since early June. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate ...

Published:  Thu, 12 Jul 2018 14:39:00 GMT




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