Article Categories
» Arts & Entertainment
» Automotive
» Business
» Careers & Jobs
» Education & Reference
» Finance
» Food & Drink
» Health & Fitness
» Home & Family
» Internet & Online Businesses
» Miscellaneous
» Self Improvement
» Shopping
» Society & News
» Sports & Recreation
» Technology
» Travel & Leisure
» Writing & Speaking

  Listed Article

  Category: Articles » Finance » Mortgages » Article

Mortgage Loan Shopping: LendingTree, E-Loan or Quicken Loans?

By Keith Gill

The number of people running around to catch hold of the ideal mortgage has the best options online. It is said that over the next 5 years, ten to twenty percent of mortgages will mainly be Internet-based and eighty five percent of equity and refinanced mortgages will be done electronically. This is due to the fact that the Internet ensures that the job of comparing loans is quick and easy. And added advantage is that loans taken online provide a twenty four-hour convenience, are processed sooner and are more economical.

Everything comes with a risk so does the mortgage; online mortgages are not without their dangers.

Rather than offering the loans directly itself, LendingTree gathers up financial and personal information from customers and then submits the acquired information to its member banks that then competes for your business.

E-loans are fast, convenient and simple. You are just required to fill out an application from your computer. You are normally approved or disapproved within a matter of few minutes. Firstly, it has to be kept in mind that the credit rate can affect the amount and interest rate of your loan. It is quite pivotal that you check your credit score before you start looking for a loan. The hitch that comes into picture is the revealing of your personal information on-line, if the thought of entering so much personal data on- line worries you, then you can call and speak live with a LendingTree representative. They will take your information over the phone and then forward it electronically to the member banks and other lenders for evaluation.

Quicken loans come with a no down-payment scheme that makes it easier for the applicant to go ahead with applying for a loan that does not cause any problems for him in accordance to his finances. Online financial services at their best: fast, cheap, and convenient also includes shedding of unwanted paperwork. But it has a disadvantage that of commonly experienced dishonesty, failure to update clients on potential changes and promises that only seems to be speculations. The applicant must go through various reviews of people who had opted for quicken loans as they would be able to give a better insight into the choice of mortgage loans to opt for.

Options are many, the choice from the alternatives depends solely on you as an applicant, as the wiser choice you make the better will you stand as mortgage loan applicant.
About the Author
Keith is always looking to partner with some experienced Realtors or seasoned Real estate investors who want a track record of success and the highest level of profesisonalism and customer service. To contact Keith directly just go to his direct personal site at:

Article Source:
If you wish to add the above article to your website or newsletters then please include the "Article Source:" as shown above and make it hyperlinked.

  Some other articles by Keith Gill
Jumbo Loans and 50 Year Mortgages
When you hear about 'jumbo loans' one automatically thinks about a double mortgage. A jumbo mortgage is a mortgage with a loan ...

Mortgage refinance - all your financial problems solved
Mortgage is a term used to denote the pledging of a persons property (typically) as a security when a person borrows money from ...

Arizona – A host of mortgage companies catering to all your loan requirements
Arizona presents itself as one of the more developed states in the new world. New and improved industries are coming up and thus more and more people are migrating towards Arizona. Arizona lies in the ...

Bad credit mortgage tides over a poor credit history
Applying for a mortgage or a home loan is fraught with difficulties. You need to have a good credit history if you want your loan application process to be ...

FICO Scores, Credit Repair and Home Loans - The Real Truth
The Fair Isaac and Co. is the renowned developer of what in financial circles is known as the FICO score. A FICO score is a procedure or ...

My Space- Is it getting too big?
MySpace is a Santa Monica, California based website that allows you to network through the Internet. It is the definitive social networking portal that offers an across-the-board range of services like blogs, groups, personal profiels, photos, ...

  Recent Articles
Should I Refinance My Adjustable Rate Mortgage?
by RJ Baxter

The 'New Congress' Fiddles Away Valuable Time… As The 275,000 Insurable Limit For Home Equity Conversion Mortgages (Reverse Mortgages)
by Dale Rogers

The UK Consumer's Guide to Shopping for Mortgages Online
by Mary Simone

Online remortgage quotes Are Available within Least Time
by George Cummings

by Ismael D. Tabije

Low Mortgage Rates
by Kuntal Mehta

Interest Only and Second mortgage rates
by Kuntal Mehta

Adjustable Rate Mortgages
by Nathen Jones

Fast-tracking to Mortgage-free
by The House Team

The Mark Is Selected…The Fix Is In…Sting Underway
by Dale Rogers

Tips to find Bad Credit Mortgage Refinance Loan.
by Gerald Bouthner

Second Mortgage loans - Is It Better Second Time Around ?
by Lee Van