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What portion of LendingTree’s services in connection with my loan request is free?

There is no cost to submit a loan request, get matched with lenders and receive conditional loan offers or quotes. You may review the conditional loan offers or quotes and talk to the lenders at no cost. Of course, the lender you choose may require a fee to process your formal loan application, appraisal, and/or credit report, but until you agree to pay the lender any fee(s), you may shop with LendingTree at no cost.

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• The advertised loan is a 5/1 ARM (Adjustable Rate Mortgage) with a 30-year fully amortizing term from actual offers posted to consumers by Network Lenders.
• After the initial period, the variable interest rate and payment will adjust every year and equal the total of the 12-month LIBOR index (1.92% as of 13-Dec-20) plus a margin of 0.00%.
• The maximum periodic change in the interest rate is 2% with a maximum rate increase of % above the initial interest rate.
• If the interest rate adjusted to the maximum rate (which could not occur until after the fifth year), the maximum monthly payment for each loan amount would be: $1272.42 for $175,000; $1442.84 for $200,000; $1,609.94 for $225,000; $1803.55 for $250,000; $2164.26 for $300,000; $2812.28 for $400,000.
• There is no prepayment penalty.
• The Annual Percentage Rate (APR) is variable and is subject to increase or decrease, so your payments may increase or decrease each year after the initial period.
• The chart below shows the interest rate, APR, and the initial monthly payments:

  Payment Examples

  Loan Amount	Initial Interest Rate (for 60 months)	APR	Initial Monthly Payments (for 60 months)
  $175,000	n/a%	n/a%	$n/a
  $200,000	6.75%	7.65%	$1297.20
  $225,000	5.38%	7.13%	$1259.94
  $250,000	6.50%	7.40%	$1580.17
  $300,000	6.13%	7.23%	$1822.83
  $400,000	6.50%	7.35%	$2528.27

• Disclosure Assumptions
• Interest rate quoted assumes a FICO score of 720 with a maximum loan-to-value ratio of 80% on a primary residence.
• The actual interest rate, APR and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property and other factors as determined by Lenders.
• The initial interest rate is fixed for 5 years. The disclosed APR is based on 0.00 discount points, $0.00 origination fee and 0.00 additional prepaid finance charges which will be due at closing. First adjusted payment will likely increase to approximately 1,239.35.
• Interest rate and APR are variable and subject to increase
• Not available in all states.
• Rates are subject to change daily without notice.
• Payment amounts shown do not include taxes or insurance.

• The advertised loan is a 15-year fixed rate full amortizing loan, assuming a $300000 loan amount and a 4.99% interest rate.
• This loan has 180 monthly principal and interest payments of $2370.82. The disclosed APR is based on 2.0000 discount points, $0.00 origination fee and $0.00 in additional prepaid finance charges due at closing.
• The Annual Percentage Rate (APR) is 5.2980%.
• The chart below shows the interest rate, APR and the monthly payments:

Payment Examples

Disclosure Assumptions

• Interest rate quoted assumes a FICO score of 720 with a maximum loan-to-value ratio of 80% on a primary residence.
• The actual interest rate, APR and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property and other factors as determined by Lenders.
• Not available in all states.
• Rates are subject to change daily without notice.
• Payment amounts shown do not include taxes or insurance.

• The advertised loan is a 30-year fixed rate fully amortizing loan, assuming a $175000 loan amount and a 5.50% interest rate.
• This loan has 360 monthly principal and interest payments of $993.63. The disclosed APR is based on 0.5300 discount points, 997.50% origination fee and $0.00 in additional prepaid finance charges due at closing.
• The Annual Percentage Rate (APR) is 5.5670%.
• The chart below shows the interest rate, APR and the initial monthly payments:

Payment Examples

Disclosure Assumptions

• Interest rate quoted assumes a FICO score of 720 with a maximum loan-to-value ratio of 80% on a primary residence.
• The actual interest rate, APR and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property and other factors as determined by Lenders.
• Not available in all states.
• Rates are subject to change daily without notice.
• Payment amounts shown do not include taxes or insurance.

Home Equity Loan/Home Equity Line of Credit

If your home is worth more than you owe you may be able to borrower again that portion of available equity in your home. So which product is right for you? You should talk to your personal financial advisor before making any decisions. If you become delinquent on your payments to your mortgage and your home equity loan you could lose your home in a foreclosure proceeding. Think about the additional monthly payment and if you truly have an ability to repay it. Be honest with your lender and provide all the requested documents and fill out a formal application with the lender you choose, pay attention to points, fees, interest rates and terms associated with each product and find the one that suits your personal financial situation.

Home Equity Loans: Most Home Equity Loans have a fixed interest rate, so your monthly payment will be the same for the agreed upon term. The interest paid is generally tax deductible, but always find out for sure through your financial and/or tax advisor. Qualifying for a Home Equity Loan depends on the underwriting criteria set by the lender, the available equity in your home and your ability to repay the loan. Generally lenders review your credit score, credit history, employment history, debt, income and ability to repay. Some lenders require that you have an account with them and have a certain percentage of equity in your home to qualify. Ask them what up-front fees are assessed and if there are any pre-payment penalties.

Home Equity Line of Credit: A Home Equity Line of Credit (HELOC) is a type of loan also takes a security interest in your home but allows you to have a “draw period” so that you can access the line of credit (like a credit card) when you need it. HELOCs, generally, are variable rate loans which means the interest rate of repayment will be based on a predefined index rate. Terms for repayment can be 25 years with a period to draw off the amount for 10 years. Maybe you don’t need all the money at once and this way you can use what you need and begin repayments and draw again (during the prescribed time) when you need it again.

“As Low As Rates” as of 08-Aug-2022:

The "As Low As Rate" of 6.99% APR is the lowest rate that most consumers at LendingTree were able to get. Some consumers received lower rates, and other consumers received higher rates, but a typical consumer can get rates as low as the above rates based on the typical loan amount sought.

LendingTree does not warrant lender information/data and makes no claim to the availability or terms associated with these products. Ask what criterion is required to qualify for each lender and for each product. Please weigh your options carefully. Rate and terms may change at any time before or after account opening and vary by property type, loan amount, credit history, lien position, and loan-to-value (LTV) ratio, debt-to-income (DTI) ratio, FICO score and draw amount at closing, if product is chosen. Generally, home equity loans are not available for homes currently for sale. Homes previously listed for sale must generally be off the market for at least ninety days prior to applying to lenders for a home equity loan or HELOC. Rates subject to change daily and minimum line amounts may apply. All accounts are subject to individual lender approval. See also http://files.consumerfinance.gov/f/201204_CFPB_HELOC-brochure.pdf