LendingTree Reveals Top Five Questions to Ask Your Lender

Lenders on the LendingTree Network share the best questions consumers should ask their lenders when shopping for their mortgage

CHARLOTTE, NC (June 19,  2012) - LendingTree, LLC, the nation’s leading online source for competitive loan offers, has provided a list of the top five questions borrowers should ask their lenders when considering a mortgage. LendingTree surveyed its network of over 300 lenders in order to gain insight and advice from home loan professionals.

In honor of National Homeownership Month, LendingTree has reaffirmed its commitment to aid borrowers in the mortgage process by empowering consumers through valuable information, expert knowledge and advice.  LendingTree asked over 300 lenders on the LendingTree Network, “In your professional opinion, what is the best questions all borrowers should ask their potential lender?”  LendingTree has provided the top five answers:

Top Five Questions to Ask Your Lenders

  1. What are the total costs involved with the loan?
  2. What is the best program for me, based on my financial goals and situation?
  3. What documents will be required ahead of time to avoid delays?
  4. What are the service ratings for your company, and where can I find them?
  5. How long have you (the loan officer and the company) been in the mortgage business?

“Consumers have very little confidence that they will be able to qualify for a mortgage, let alone find a great deal when it comes to a home loan,” said Doug Lebda, Chairman and CEO of LendingTree.  “But with rates as low as they are, borrowers have the opportunity to tap into substantial savings. If you have the right information, know what do and what to avoid, there’s no need to be intimidated or shy away from the process.”

LendingTree strives to simplify the mortgage process and instill confidence by offering accurate information, lender ratings and reviews and the opportunity to compare multiple offers.

About LendingTree, LLC
LendingTree, LLC is the nation’s leading online lender exchange and personal finance resource, helping consumers take charge of all their financial decisions, from budgeting to money management to mortgages to credit cards and more. LendingTree provides a marketplace that connects consumers with multiple lenders that compete for their business, as well as an array of online tools to aid consumers in their financial decisions. Since inception, LendingTree has facilitated more than 28 million loan requests and $214 billion in closed loan transactions. LendingTree provides access to lenders offering mortgages and refinance loans, home equity loans/lines of credit, and more. LendingTree, LLC is a subsidiary of Tree.com, Inc. (NASDAQ: TREE). For more information go to www.lendingtree.com, dial 800-555-TREE , join our Facebook page and/or follow us on Twitter @LendingTree.