LendingTree is one of the unique websites on the Internet; it is where you can request a loan for a home, car, truck, a personal loan or even a refinance home loan. LendingTree does not loan money, it puts borrowers and lenders together.

What Is LendingTree and How Does it Work?

LendingTree is an online marketplace that was founded in 1996 and is based in Charlotte, North Carolina. It is a way to match home buyers, which are looking for home equity loans, regular mortgages and refinanced mortgages with the right lenders. Filling out the application is how the process begins and then when there are offers by lending companies the applicant can decide to use one but is under no obligation.

• The application takes about 5 minutes to fill out.

• Quotes can be received quickly after submitting the application.

• There is no obligation to accept any offer

• There is a detailed FAQ section with all of the questions that are commonly asked when applying for a home loan.

• It is possible to obtain a 30 year fixed rate loan, a 15 fixed rate or a 5/1 adjustable rate home loan.

• There are mortgage calculators on the website that will allow you to estimate your monthly mortgage payment.

• There are articles to learn about taking a home loan, learning about refinancing, refinancing tips and refinancing calculators.

• The LendingTree services include mortgage refinance, mortgage home loans, mortgage rates, home equity loans and lines of credit, FHA loans, debt consolidation loans, reverse mortgage loans and personal loans.

• There are tools and calculators for personal budgeting, mortgage tools and a mortgage checkup.

Needing a home loan or refinancing a home is important and LendingTree is a way to have the lenders find you, rather than going to different lenders to see what they have to offer, what their loan terms are, what their interest rates are and filling out separate applications. The LendingTree website is easy to use, filled with information that will help to educate the borrower and allow them to make smart decisions when taking a home loan offer to get the best rates, the right length of time and to be aware of what their payments will be. Everyone that has used LendingTree knows how great it is not to have to go to the lenders but to have them come to you.

This saves time and it gets you the right loan for your situation. The calculators are great, this will let you know how large of a mortgage you can really afford without guessing and they work in a way that the interest rates and the amount of loan years can be changed, so you know it is accurate for your unique situation. The resources that allow you to learn about the different types of mortgages will give you a clear picture of what type of loan is right for you.

These tools are great and it can make getting a home loan stress free, it did for me and the process is so smooth. It is much easier and the best part is the website application can be filled out at your leisure, instead of the banks hours. Most of us are busy and this is a way to get what you want when you want and have time to fill out the 5 minute application and watch the offers come right to your computer. This beats going to separate lending institutions and waiting days for them to get back to you by mail or telephone with their decision whether to lend you home financing or not.