Online Mortgage Broker How to Avoid Overpaying When Mortgage Refinancing on the Internet

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Online Mortgage Broker How to Avoid Overpaying When Mortgage Refinancing on the Internet
(presented by www.refinance-refinance.net - mortgage lenders)

By Louie Latour

If you are considering refinancing your mortgage online, there are several things you need to know to avoid overpaying. Online mortgage brokers such as Lending Tree claim that they do not charge you for their service; however, if read the fine print in their disclosure statements you find this is not true. Here are several tips to help you avoid overpaying when using an online mortgage broker.

Using the Internet for mortgage refinancing may be more convenient; however, there are always people looking to take advantage of you. Lending Tree is a perfect example of a company that tries to take advantage of homeowners looking to save money when mortgage refinancing. Lending Tree has an enormous advertising budget and thousands of homeowners in the United States refinance their mortgages without reading the Licenses & Disclosures found on the website.

Lending Tree is just one example; there are many other companies on the Internet pulling the same scam. How do these online mortgage broker sites take advantage of homeowners when mortgage refinancing? Lending Tree openly claims that they do not charge you a fee for using their service. Reading the Licenses & Disclosure reveals this is simply a lie. The Licenses & Disclosure states that if you apply for mortgage refinancing with one of the lenders they promote, that lender will charge you a Computerized Loan Origination fee. This charge will appear on your Good Faith Estimate and you will pay Lending Tree as much as $1300 when you close on the mortgage loan.

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How can lending tree claim they are not charging you for their services? This type of underhanded trickery is part of the reason the HUD Secretary recently stated homeowners in the United States overpay $16 billion in unnecessary interest and lender fees every year. How can you avoid overpaying when mortgage refinancing with an online mortgage broker? You can learn more about mortgage refinancing with an online mortgage broker including costly mistakes to avoid by registering!
for a f
ree mortgage tutorial.

To get your free mortgage tutorial visit RefiAdvisor.com using the link below.

Louie Latour specializes in showing homeowners how to avoid costly mortgage mistakes and predatory lenders. For a free copy of “Mortgage Refinancing - What You Need to Know,” which teaches strategies to find the best mortgage and save thousands of dollars in the process, visit Refiadvisor.com.

Claim your free mortgage refinance information guide today at: http://www.refiadvisor.com

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Louie Latour - EzineArticles Expert Author

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For additional Mortgage Refinancing information
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This entry was posted on Friday, December 8th, 2006 at 9:26 pm and is filed under Refinance. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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