2006-07-03 03:18:56 · 7 answers · asked by excdomain 1 in Business & Finance ➔ Renting & Real Estate
On the Better Business Bureau website, they have no complaints against them, so they don't seem to be a shady company. I have provided the link below.
2006-07-03 03:22:12 · answer #1 · answered by Lisa H 4 · 0⤊ 0⤋
All responses are correct, that site is a lead generator...i actually worked with a company years ago that worked with refinance.com to purchase leads...
I will say i disagree with a couple responses though. The people saying only to work locally i think just don't realize that there are many nationwide lenders that are very reputable, have great ethics, and are in great standing with the better business bureau.
The problem with limiting yourself to a local bank is that every lender and bank in america has diffeent guidelines in which they lend money. Each bank has certain stipulations that may not mesh well with your situation. You need to be able to get offers from many investors to see which out there will be best for you!
What you want to do is work with a company that is PARTNERED with multiple investors. I suggest this for a couple reasons:
1. If a loan officer can shop your loan to multiple lenders they are bound to find one or more willing to lend to you. They then can find the best of the offers, which directly leads to lower closing costs, and lower rates for you!
2. If you on your own call multiple banks, whether local or not to see what you qualify for, each and every lender will have to pull a seperate credit report. The more times it is pulled the worse your credit gets. Now, when you work with a loan officer that can shop among their investors, they only have to pull one credit report, and use that copy to shop mortgage lenders for you..
So not only do you keep your credit score where it is, you dont have to worry about any of the busy work..you let the loan officer do it for you.. And you can be sure you get the best loan for your particular situation.
Also just as equally important, you dont have to worry about talking with 5 people from each company you call, being transfered from one division to the next just to see what they can do for you.. Working with a loan consultant they not only do the shopping, but we do the processing, title and appraisal ordering, set up the closing, and everything else in the process. Basically i would be your only contact person. You would have my direct line, and cellular number, and would never have to speak to an operator, or be put on hold to talk to me. When someone is caring for your file from start to finish, it is sure to be done correctly!!
My name is Jason Fry, and I am a loan consultant with Providential Bancorp, a nationwide mortgage lender. I'd be happy to assist you in a refinance, or at least be able to let you know exactly what YOU QUALIFY FOR. You can then make a more informed, and educated decision whether it would be the right move for you.
Feel free to give me a call at 312-264-6448, or
you can email me at Jasonf@providential.com.
Thank You,
Jason Fry
Providential Bancorp
2006-07-06 08:56:41 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I would suggest finding someone who was referred to you or try someone local. Why would you want to send your info to a computer or accross the country? It is best to keep these transactions close to home. Shop around, ask lots of questions. There are enough good solid Mortgage companies out there that will take good care of you. If you need more ideas/options let me know.
2006-07-03 05:33:27 · answer #3 · answered by unclejesse1 3 · 0⤊ 0⤋
If you want to qualify for a refinance you can go to itsmymortgage.com and get current rates right there...they show all possible loan programs available and WILL NOT SELL YOUR INFO!!!!
You can also apply for the loan on same site without talking to any sales reps.
2006-07-04 07:46:28 · answer #4 · answered by jonnylender 1 · 0⤊ 0⤋
They take your information and sell it as a "Lead" to lenders who purchase leads. They are safe to use however you may want to check with your local bank if you are doing a simple refinance. If you like to do stuff on the web try www.lendingtree.com
2006-07-03 03:22:04 · answer #5 · answered by Mike Hunt 5 · 0⤊ 0⤋
That site looks like a lead generation site. They will most likely sell your info to lots of different brokers and you will get a whole bunch of lenders calling you. I used to purchase leads like that and they say they only sell to 4 brokers but that is a lie. They will sell it over and over again.
http://www.lendermark.com
2006-07-03 05:09:24 · answer #6 · answered by lendermark1 2 · 0⤊ 0⤋
heard of them do not suggest you use them
2006-07-03 03:19:59 · answer #7 · answered by hummingbird 5 · 0⤊ 0⤋