Mortgage Tree Lending?

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I had applied for a Personal Loan with one of those

"Lending Tree" type brokers, where they shop for a loan for you. Then yesterday I get a call from a company called "Mortgage Tree Lending" They knew my details as to the loan amount I was looking for, and other details, but I have never heard of them. I have been unable to find a working website for them so far, but my wife says she has seen commercials for them on TV. Does anybody know anything about this company?

Mortgage Tree Lending?

LendingTree is nothing more than a lead generation site. Mortgage companies buy leads from LendingTree. So when LendingTree advertises that you have lenders competing for your business, that's only because they sold your application info to a bunch of different companies. I have no doubt that Mortgage Tree Lending is nothing more than some broker working out of his spare bedroom who came up with that name. (Great name for a mortgage company buying LendingTree leads, by the way. I wish I'd thought of that!)

Bottom line, call a few national mortgage lenders and compare their offers. You'll get calls and emails for months now that you've filled out the LendingTree application.

Good luck!

Mortgage Tree Lending?

They are a company who will search the lenders for you and what you need, then turn around and get a nice fat finder's fee from them. Who pays it? You do in the end in your closing costs and I guarantee you it will be a high cost.

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Mortgage Tree Lending?

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