Lending Tree is an altogether different concept when it comes to giving you loan. It is a loan search service that offers clients competitive loan quotes from four of the major lenders operating across the USA. Apart from mortgages, you can also apply for a mortgage refinance loan, personal loan and a home equity loan. Even better, you can also list your house for sale with Lending Tree.

Availing Loans from Lending Tree

To avail loans from Lending Tree, go to their website and fill in personal details such as name, address, e-mail, age and employment status. In a matter of one or two hours, a Lending Tree staff member will contact you to offer a wide variety of loan packages. It is totally up to you which loan package you opt for after taking into consideration your financial condition.

If you are facing a problem in reviewing the loan offers, you can take the assistance of the Lending Tree staff. You do not need to pay any fee for this consultation. You can reject loan offers any time you want if you believe they are not suited to you. If you are happy with the loan offer provided by Lending Tree, you need to pay the fee so the processing of your loan application gets started.

Applying Online

You can only apply at Lending Tree online or by telephone but you cannot apply through fax or e-mail. All the financial institutions associated with Lending Tree will analyze your credit report before approving your loan application. When you finish a loan request, Lending Tree will take a look at your credit report.

Credit Report Inquiry

All inquiries with regard to your credit report within two week period will be treated as one inquiry. This only includes mortgage loans, home mortgage refinance and home equity loans. However, if you are interested in credit card or a personal loan, each inquiry is going to be treated separately. The name of the financial institutions that are reviewing your loan application will be e-mailed to you by Lending Tree.

Lending Tree gives you the opportunity to negotiate directly with the financial institutions. You can tell prospective financial institutions that you are getting a better loan deal from another financial institution and bargain with them to get a mortgage loan with easy terms and conditions.