You get bent over by both! Go to your local bank!!! Or maybe you just like getting screwed over?!?! Just remember there’s no such thing as a “good” broker!!! They are middlemen that deal with a bank which you can go to directly and not pay their fees!!
all are similar you just have to check to see which one gives the best interest rates. Fixed rates are OK but if they do not offer variable rates move to next on list.
Eloan and Quicken Loans are both big lenders with good reputations. However, they have a way of doing business that may not work for all situations.
They are what’s called “A Paper” lenders so they only loan to borrowers with the very best credit and even then they may have issues.
They also spend a lot of money on advertising and they are still able to offer extremely low rates. They are able to do this and still make a profit by paying there loan agents very little compared to the average and not giving them very much training.
If these agents come across a situation that is not “cookie cutter” they may have a tough time addressing the issue even if you have great credit.
Overall, I think they are fine if you want a low rate at the expense of customer service. Which is fine if you are doing a refinance and the rates are not about to go up and you don’t need any cash right away. If, however, you are purchasing a house or you have a slightly unique situation I would avoid them.
Lending Tree, on the other hand, is just a lead company. People pay them to get your info.
Email me if you’d like me to take a look at what I can do for you. If someone can get you a better loan, I will be the first to tell you.
10 Responses to what’s a better mortgage broker: lending tree or ditech?
Bethy
April 22nd, 2010 at 7:04 pm
it don’t matter they both gonna screw you the same way
retta_paige
April 22nd, 2010 at 7:51 pm
lending tree
sylvaniaS
April 22nd, 2010 at 8:10 pm
both same .. both take your money for the fee.. so what do you expect it?? so far you get good rate why not?
Paul V
April 22nd, 2010 at 8:11 pm
You get bent over by both! Go to your local bank!!! Or maybe you just like getting screwed over?!?! Just remember there’s no such thing as a “good” broker!!! They are middlemen that deal with a bank which you can go to directly and not pay their fees!!
noel22f
April 22nd, 2010 at 8:28 pm
ive heard bad things about lending tree
baggy
April 22nd, 2010 at 9:05 pm
They are both pretty good, but Ditech has that commercial making them feel number 1 (Drats, I lost another loan to Ditech.)
Scott K
April 22nd, 2010 at 9:46 pm
lending tree is generally just a lead source, they send your info to 4 lenders, Quicken Loans kills ditech, and has a 5 star rating with the BBB
ambi
April 22nd, 2010 at 9:52 pm
all are similar you just have to check to see which one gives the best interest rates. Fixed rates are OK but if they do not offer variable rates move to next on list.
tinkerbell23
April 22nd, 2010 at 9:54 pm
NEITHER! THERE BOTH GOING TO SCREW YOU FOR TO MUCH TRY SOME ONE OTHER!
kevingeorgecampbell
April 22nd, 2010 at 10:08 pm
Eloan and Quicken Loans are both big lenders with good reputations. However, they have a way of doing business that may not work for all situations.
They are what’s called “A Paper” lenders so they only loan to borrowers with the very best credit and even then they may have issues.
They also spend a lot of money on advertising and they are still able to offer extremely low rates. They are able to do this and still make a profit by paying there loan agents very little compared to the average and not giving them very much training.
If these agents come across a situation that is not “cookie cutter” they may have a tough time addressing the issue even if you have great credit.
Overall, I think they are fine if you want a low rate at the expense of customer service. Which is fine if you are doing a refinance and the rates are not about to go up and you don’t need any cash right away. If, however, you are purchasing a house or you have a slightly unique situation I would avoid them.
Lending Tree, on the other hand, is just a lead company. People pay them to get your info.
Email me if you’d like me to take a look at what I can do for you. If someone can get you a better loan, I will be the first to tell you.