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.
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.