| If you are considering refinancing your mortgage online, | | | | advantage of homeowners when mortgage |
| there are several things you need to know to avoid | | | | refinancing? Lending Tree openly claims that they do |
| overpaying. Online mortgage brokers such as Lending | | | | not charge you a fee for using their service. Reading |
| Tree claim that they do not charge you for their | | | | the Licenses & Disclosure reveals this is simply a |
| service; however, if read the fine print in their disclosure | | | | lie. The Licenses & Disclosure states that if you |
| statements you find this is not true. Here are several | | | | apply for mortgage refinancing with one of the lenders |
| tips to help you avoid overpaying when using an online | | | | they promote, that lender will charge you a |
| mortgage broker. | | | | Computerized Loan Origination fee. This charge will |
| Using the Internet for mortgage refinancing may be | | | | appear on your Good Faith Estimate and you will pay |
| more convenient; however, there are always people | | | | Lending Tree as much as $1300 when you close on |
| looking to take advantage of you. Lending Tree is a | | | | the mortgage loan. |
| perfect example of a company that tries to take | | | | How can lending tree claim they are not charging you |
| advantage of homeowners looking to save money | | | | for their services? This type of underhanded trickery is |
| when mortgage refinancing. Lending Tree has an | | | | part of the reason the HUD Secretary recently stated |
| enormous advertising budget and thousands of | | | | homeowners in the United States overpay $16 billion in |
| homeowners in the United States refinance their | | | | unnecessary interest and lender fees every year. How |
| mortgages without reading the Licenses & | | | | can you avoid overpaying when mortgage refinancing |
| Disclosures found on the website. | | | | with an online mortgage broker? You can learn more |
| Lending Tree is just one example; there are many | | | | about mortgage refinancing with an online mortgage |
| other companies on the Internet pulling the same scam. | | | | broker including costly mistakes to avoid by registering |
| How do these online mortgage broker sites take | | | | for a free mortgage tutorial. |