So I'm looking to refinance my house. Multiple quotes from multiple lenders...seems awesome in theory. I fill out like 47 pages of personal information. My last home closing required less. After a marathon of unnecessary details I manage to submit my request to multiple lenders.
Not 30 seconds later que the deluge of phone calls and emails.
"
The information I received did not specify if you were strictly looking to lower your rate and payment or if you also wanted to pull cash out to pay off other debt. Please email me back asap with the answers to the questions below and I will reply right away with an accurate proposal.
1) What is your current mortgage balance?
2) What is your current interest rate?
3) Do you want any cash out? How Much?
4) How much is your home worth right now (estimate) ?
5) Are you a Veteran?
6) What type of loan do you have now? VA, FHA, Conv, OR Jumbo?
7) What term do you prefer for the new loan? 30,25,20,15, or 10 ?
"
What, I just answered this shit. All of it.
Use lending tree if you enjoy being harassed by unsolicited email and phone calls from lenders with subpar rates who are too lazy to copy and paste the supplied information into their software. If you're looking for an actual loan, look elsewhere.