The Lending Tree refinance process is misrepresentation at best, fraudulent at worst! The only ones making out in this lending environment are the so called "independent" appraisal companies, what a waste of time and $400.
I had my reservations about the process, turns out I was far more intuitive than I gave myself credit for. Beware of lofty promises of quick closing, low costs, and false lock-ins, it all sounds so good and simple, don't be fooled!
I had a 750-800 credit score, 60% LTV on my refinance request, and I was eventually denied after a lengthy string-along. The bottom line, mortgage companies don't want solid, low-risk loans at slim margins, they want the marginal loans so they can dictate terms and exponentially increase their margins.
Sound familiar, this kind of thinking is what got us into this mess in the first place. Good thing we taxpayers funded the bailout, which was supposed to keep the credit flowing. I will be okay, just wanted to save a little interest, I feel bad for those that really need help!
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