Take A Peek At My Lending Tree Home Refinance Offers

by Ron Haynes

Here’s a sneak peek at some Lending Tree refinance options that were offered to me when I signed up on their website. The offers are sorted by rows and the columns have the particulars of each offer. P&I savings represent the percentage savings the offer represents over my current principle and interest costs.

OFFER
P&I Savings
Int Rate
APR
Points
Orig. Fee
Other Fees
#1
-7.32%
5.00%
5.05%
0
0%
$1,010
#2
-12.53%
4.50%
4.62%
1
0%
$1,010
#3
1.49%
5.55%
5.00%
0
0%
$1,180
#4
-12.53%
4.50%
4.72%
0
2%
$0
#5
-6.00%
5.13%
5.21%
0
0%
$0

To be perfectly honest, I’m not that impressed! I plan to check with some local banks and mortgage companies because I’ve just had two friends get mortgage refinance loans at 4.25 percent with no points. I have a high 700’s credit score so I feel confident I’ll get a better offer than any of the five listed above. Would you believe that one offer, which I didn’t bother to list, was at 6.5 percent? Please …

Right now, with the current lowering of mortgage interest rates, banks and other lenders are swamped. If you decide to use the Lending Tree link (above), there may be a few days delay in getting some offers to you.

Bear in mind, too, that Lending Tree initiates a SOFT PULL on your credit report, obtaining your score only. This shouldn’t lower your credit score, so don’t worry about investigating what your options are.

invest, investor, investing, lending

About the author

Ron Haynes has written 988 articles on The Wisdom Journal.


The founder and editor of The Wisdom Journal in 2007, Ron has worked in banking, distribution, retail, and upper management for companies ranging in size from small startups to multi-billion dollar corporations. He graduated Suma Cum Laude from a top MBA program and currently is a Human Resources and Management consultant, helping companies know how employees will behave in varying situations and what motivates them to action, assisting firms in identifying top talent, and coaching managers and employees on how to better communicate and make the workplace MUCH more enjoyable. If you'd like help in these areas, contact Ron using the contact form at the top of this page or at 870-761-7881.