topic Re: searching for lender in Mortgage Loans

searching for lender

Anonymous — Sat, 14 Mar 2009 00:59:47 GMT

Has anyone here had experience of finding a lender by filling out info on the web and letting the site find a suitable lender for you? If so, I would love to hear your experience and what site you used.

Thanks.

Kynana

Re: searching for lender

Anonymous — Sat, 14 Mar 2009 01:03:17 GMT

I don't think it's the best idea...I'm sort of speaking from experience. I'm working with a LO right now that I found through LendingTree. So far I'm happy with his attention to detail and I do feel like he's working for me...but I showed my realtor our GFE today and she pointed out a lot of very large fees that were unnecessary and not normally required by area lenders. So I doubt I'll end up working with him. But I don't think it's impossible to have a good experience...I'm just not sure it's the best route.

Good luck! I know it's hard to know who to trust.

Re: searching for lender

Anonymous — Sat, 14 Mar 2009 01:08:52 GMT

We were just discharged from Ch 13 in Sept. 2008. That plus new lending regulations did not allow me to get the answer I needed from my local bank. They offered 60% of appraisal for the refi. I thought I might do better by finding lenders that might be willing to work with our situation. I was needing 80% of value loan.