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LendingTree vs The Easy Loan Site

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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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THE EASY LOAN SITE

The Easy Loan Site is a no frills home loan and refinance website that focuses on connecting mortgage shoppers with lenders based on each customers needs. The Easy Loan Site has an A rating from the Better Business Bureau and is Norton secure certified.

Immediately we noticed that the website lacks much of the information and resources we had grown to expect from those companies ranked higher. There are no investment research tools, market analysis or any of the other helpful features we found elsewhere. The main page simply states the company name, advertises the lowest rate available today, and lures potential clients to "lock in now".

There is a simple drop down menu box from which you can select the type of loan you are looking for (new mortgage, refinance, or equity loan) and then it continues to take you through a long list of questions designed to determine which lenders could provide the best deal based on the requirements of the customer.

Inquiry Process:

  • Complete online application with type of loan, amount, credit rating estimate, location, and description of the property
  • See a list of 3-5 potential lenders and their rates, with contact information
  • Receive calls from potential lenders 24+ hours later

The process for filling out the online form is made very simple with the use of this drop down window. In less than a minute we were able to navigate through the various questions and get to a screen that showed us three competing lenders with rates that looked fairly competitive. We were also given notice at that point that we would be contacted by lenders within 24 hours.

Everything worked as it should, but the experience left us a little unimpressed because the site offered so little other than a basic loan search engine. With no research tools or any other information, The Easy Loan Site may be a fine place to look for a mortgage lender but a basic search engine is about all they offer.

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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 The Easy Loan Site.

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

Mortgage rates hit a 12-month low as economic expansion looks increasingly vulnerable

Jenny and Steve, a couple who bought a home with the help of Andi DeFelice, a Savannah, Georgia real estate agent Rates for home loans fell to the lowest in a year as inflation cooled and investors br...

Published:  Fri, 15 Feb 2019 07:29:00 GMT



Mortgage rates dip to their lowest levels in more than a year

After soaring to seven-year highs in November, mortgage rates have been on a steady decline the past 2½ months and this week sank to levels not seen in more than a year. According to the latest data r...

Published:  Thu, 14 Feb 2019 07:13:00 GMT



Anworth Mortgage Asset Corp (ANH) Q4 2018 Earnings Conference Call Transcript

Good afternoon and welcome to the Anworth Fourth Quarter 2018 Earnings Call. All participants will be in listen-only mode.(Operator Instructions) After today's presentation, there will be an opportuni...

Published:  Fri, 15 Feb 2019 14:50:00 GMT



Benchmark mortgage rate dips for Friday

Mortgage rates were mixed today, but one key rate slid lower. The average for a 30-year fixed-rate mortgage decreased, but the average rate on a 15-year fixed advanced. Meanwhile, the average rate on ...

Published:  Fri, 15 Feb 2019 03:35:00 GMT



U.S. mortgage delinquencies hit 18-year low in Q4 2018 -MBA

NEW YORK, Feb 15 (Reuters) - The number of U.S. homeowners who fell behind on their mortgage payments dropped to the lowest levels in 18 years in the final quarter of 2018, the Mortgage Bankers Associ...

Published:  Fri, 15 Feb 2019 15:32:00 GMT



Here's a compelling reason to take a reverse mortgage ahead of retirement

It's a safe bet that any reverse mortgage loan officer will stress to you that the loan is not for everyone - and just like any financial product, that's true. But for older homeowners with sizable eq...

Published:  Fri, 15 Feb 2019 13:33:00 GMT



How US Mortgage Funded Over $12 Billion and Closed Over 35,000 Units

MELVILLE, N.Y., Feb. 15, 2019 /PRNewswire-PRWeb/ -- "We know Why we exist. It's because of our simple belief that 'Everyone Deserves a Roof Over Their Head,'" That is what you will learn very quickly ...

Published:  Fri, 15 Feb 2019 16:12:00 GMT



How to Invest in Mortgage REITs in 2019

When mortgage interest rates go up, it's not just bad news for borrowers. It's also usually unwelcome news for people who invest in mortgage-focused real estate investment trusts, or REITs.

Published:  Sat, 16 Feb 2019 15:46:00 GMT



Low Mortgage Rates Brighten Homebuilder ETFs' Outlook

The housing market has perked up ahead of the key spring selling season thanks to declining mortgage rates. Per mortgage-finance company Freddie Mac, the average rate for a 30-year fixed mortgage decl...

Published:  Fri, 15 Feb 2019 08:55:00 GMT



Expert to mortgage lenders: Update your tech or the end is near

Mortgage lenders need to adopt new technology, or risk facing the end, said The Money Source President Ali Vafai, a HousingWire 2017 Rising Star. The Rising Stars represent the best young leaders in t...

Published:  Fri, 15 Feb 2019 11:16:00 GMT




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