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LendingTree Home Equity Loan Review

23 Customer Comments & Reviews - see all comments
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Established in 1996, LendingTree is an online lending aggregator that connects potential customers with various lenders who compete for their business.

The North Carolina-based company offers a range of financial products to select from, including home equity loans and home equity lines of credit (HELOCs). LendingTree has a grade of A- with the BBB.

How is LendingTree-Home-Equity-Loans rated?

Breakdown

Overall Rating: 0 / 5 (N/A)

LendingTree scores highly with us because the company focuses on making the lending process quick and easy.

With just a few questions, LendingTree connects borrowers with its wide network of trustworthy lenders.

Additionally, the wide range of financial products available through the website makes it equally useful for many looking to finance or refinance homes.

LendingTree’s website is also full of helpful resources and tools, all of which are easy to use and understand.

LendingTree-Home-Equity-Loans Features

Lender Type
3rd Party Marketplace
Loan Types Available
Home Equity Loan
Home Equity Line of Credit
Cash-out Refinance
Home Equity Loan Fixed Rates Starting At
Max HELOC Draw Period
20 years
HELOC Fixed Rates Starting At
Cash-out Refinance Terms
15, 30 years
Cash-out Refinance Fixed Rates Starting At
Depends on the lender.
Origination Fee
Depends on the lender.
Closing Fee
Depends on the lender.
Maintenance Fee
Depends on the lender.
Application Fee
Depends on the lender.

LendingTree-Home-Equity-Loans Qualifications

Loan Qualifications
Property Appraisal
Proof of Employment
Primary Residence
Minimum Home Equity
80%

LendingTree-Home-Equity-Loans Customer Experience

Site Features & Technology
Home Equity Calculator
Mobile App
Online Application
Online Quote

Average Mortgage Size
$252,160
Nationwide Mortgage Licensing System ID
1136
Nationwide Mortgage Regulatory Actions
2
Trust Pilot Rating
4.3 out of 5
BBB Rating
A-
Date Collected
2017-08-17

Contact & Additional Information

Homepage URL
Company Phone
(800) 813-4620
Headquarters Address
11115 Rushmore Drive, Charlotte, NC, 28277
Mailing Address
11115 Rushmore Drive, Charlotte, NC, 28277
Year Founded
1997

What We’re Hearing From Our Readers
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Customer Comments

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Ann B
10/18/2017
No rates offered at all on-line -- what a scam!! I want to see rates BEFORE I waste time talking to potential lenders. Blowing up my phone line is NOT what I signed up for. Luckily I provided my landline, and they can all talk to my answering machine. Will not use again.
404 People found this helpful.


C
Cisco
9/13/2017
I have to agree with what others have said regarding the immediate phone call assault! I submitted my too much information 45 minutes ago and have received no less than ten calls. Three of which came from the same person. And none of the organizations that called offer heloc. Wth? I have a better interest rate currently than what anyone can offer which is why I don't need a refi. I just set myself up for an assault by those who got my information. This site is nothing more than a hunting license. I was hopeful that it would be legit. It is if you want a refi. Just not a heloc.
316 People found this helpful.


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William c
1/8/2017
Got a call in seconds, told me they used their own capital, then after pulling credit report stated they want d to shop for a rate from other vendors. This after I ask do if they were the lender or a broker. Then they stated the did not do home equity which was what I applied for. Bait and switch, they even tried to sell me on financial planning. Don't use this site!
237 People found this helpful.


S
suad n
6/3/2017
I just went on to lending tree and entered all the required information name DOB, address, last 4 of my social, email phone number and all, only to be directed to call each one of the lending institutions to get my rate quote. What kind of service is that? I thought you were supposed to see your rates after all that. This is great now everyone on this site and all the lending institutions they deal with have my info and I don't have a single offer. I did not want you to share my Info.
212 People found this helpful.


D
Doug H
2/10/2018
Gave all of this personal information for multiple sources of rates and they give me 1 source with one rate and the amount I "qualified" for was 5x the amount I needed. Now I'm going to get barraged by phone calls. Great. I should have read the comments.
171 People found this helpful.


T
Tom P
10/20/2016
I entered the extensive information on the site, only to have it say that they couldn't give me any rates. Then, literally 30 seconds after I entered my info with phone #, I got a call from BOTH LendingTree and Quicken trying to "verify my info" and have me speak to a loan officer before they could give out any info. Deceptive at best!
153 People found this helpful.


W
Walt W
5/9/2017
I requested information on a home equity loan and only after providing personal information received offers for only cash out refinance loans and a direct call from a lender even before the screen had time to load. A waste of my time.
114 People found this helpful.


R
Roobah
4/15/2018
Provides only ONE option for me and it's from a company that has LOTS of negative reviews. Everyone says beware of the company provided, claiming them to be scam artists. I am just looking for a simple home equity loan or HELOC on less than 25% of my equity and I have well over 720 credit rating and have paid my condo in full (no mortgage at all). What kind of service is that? Can't even leave a review because this review site has been blacklisted through Facebook.
94 People found this helpful.


S
schro1703
8/11/2017
I was told my credit was 630 and my credit rate is 815. I do not know where you get your rates from but they are wrong . Check your credit rates again.
64 People found this helpful.


J
Jake T
5/19/2017
I had an amazing time getting a loan with Lendingtree. They made it easy, fast and affordable. I am definitely going to recommend them to all my friends and family. My wife is super happy too and I'm not paying a crazy interest rate.
25 People found this helpful.