Here’s a sneak peek at some Lending Tree refinance options ^[2] 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 ^[3] companies because I’ve just had two friends ^[4] get mortgage ^[3] refinance loans at 4.25 percent with no points. I have a high 700′s credit score ^[5] 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 ^[3] interest rates, banks and other lenders are swamped. If you decide to use the Lending Tree ^[2] link (above), there may be a few days delay in getting some offers to you.

Bear in mind, too, that Lending Tree ^[2] initiates a SOFT PULL on your credit report, obtaining your score only. This shouldn’t lower your credit score ^[5], so don’t worry about investigating what your options are.

About the author

Ron has written 1080 articles on The Wisdom Journal.

The founder and editor of The Wisdom Journal ^[6] 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 partner in a national building materials company.

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