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Does LendingTree Cater to Rich People?

Posted in LendingTree, News, Products | June 19, 2014

While no one, regardless of income, really likes getting a mortgage, it does seem that upper-income borrowers are better at it. A January 2014 survey by mortgage colossus Fannie Mae found that higher-earning borrowers chose lenders with the most competitive rates. They were more likely to shop online, obtain multiple quotes from competing lenders and choose their loans based on rates and costs. Less affluent borrowers, on the other hand, were far more likely to rely on advice from their real estate agents, family and friends. They were less likely to seek out and compare interest rates when deciding on a home loan. Information, Please! The higher earners indicated that they would appreciate being able to “shop and compare loan terms from multiple lenders at once.” That was their top choice



LendingTree Survey: 71 Percent of Homeowners Considering Sale in 2014

Posted in News | January 22, 2014

A recent LendingTree survey of 609 consumers (conducted online by Research Data Technology, Inc.) concluded that its respondents have a pretty sunny view of the US economy and real estate markets.  With 69 percent of respondents claiming to have positive expectations for the housing sector and 63 percent saying the US economy will keep improving in 2014,  this could translate into a lot of real estate activity in the next 12 months. Nearly three-fourths (71 percent) of current homeowners said they are considering selling their home during the next year. Interest Rates and Real Estate Heat Up The vast majority of respondents — 74 percent — say that they expect mortgage rates will rise in the next 12 months. Sixty percent predict a “moderate” increase, while 14 percent expect rates



LendingTree: The TripAdvisor of Mortgage Lending Announces Top-rated Lenders

Posted in News | November 6, 2013

Millions of people use sites like Yelp and TripAdvisor to find restaurants or plan vacations. Getting the inside scoop from those who have been there before you just makes sense. So why wouldn’t you do the same thing when you look for a mortgage? Isn’t a loan you might be stuck with for the next 30 years worth a little research? We think so. And not only do we at LendingTree like to provide you, the consumer, with up-to-date mortgage lender ratings, we like to highlight and reward the lenders that have achieved the highest accolades from people like you. Drum roll, please…..                 The winners are:   1. Pacific Beneficial Mortgage Company 2. Sebonic Financial 3. HomePlus Mortgage 4. New Penn Financial



How Does YOUR State Stack Up? LendingTree Measures Financial Strength of Mortgage Seekers

Posted in LendingTree, News | August 21, 2013

LendingTree recently analyzed the fiscal fitness of prospective borrowers nationwide, ranking each state according to its borrower health score. This score is based on a 100-point scale combining average credit scores, loan-to-values and overall strength of LendingTree mortgage requests in each state for the second quarter of 2013. Washington, D.C., New Jersey, Hawaii, Massachusetts and California led the nation with the strongest mortgage hopefuls, all with scores above 90.  Indiana, Kentucky, Alabama, West Virginia and Mississippi were at the bottom of the list with scores in the low 70s.  The score for the entire nation was 81.5, which would put it in 24th place. See below the infographic  for the full list of states and where they stack up. Individual State Rankings and Scores



Mortgage Lenders: How Do You Avoid the Flakes? And the Fakes?

Posted in Financing, LendingTree, News, Products | June 12, 2013

A few years ago, the Miami Herald broke the news that over 5,000 of Florida’s mortgage loan officers were felons who’d been convicted of various frauds. Amazingly, it was legal for them to work in a field that provided so many opportunities to rip off their clients. State mortgage licensing requirements ranged from extensive background checks, education and testing to simply proving that you had a pulse. There was no way to judge how capable or ethical a lender was. Today, there are national standards, including education, background checks and testing. You can be quite sure that a licensed lender won’t con you. However, that doesn’t mean all loan officers and mortgage brokers are dedicated to providing good service or are experts in their field. It takes years of experience and a



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