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03-06-2008, 10:26 PM
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Member
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Join Date: Jan 2008
Location: northeast ohio
28 posts, read 45,763 times
Reputation: 15
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E-Loan Mortgages
Just wanted to know if anyone has ever heard of E-Loan. They are based in California but service all states. Would like some info , if anyone has used them and what did they think of them as a company. Good or bad, would like to hear all opinions. Thanks.
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03-07-2008, 07:56 AM
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Sr of Srs
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Join Date: Jul 2007
Location: Charlotte, North Carolina
5,120 posts, read 3,863,815 times
Reputation: 675
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when i worked at lendingtree they were one of our big competitors.
From what I heard from my borrowers...they have high rates/high fees.
You will only know this if/when you shop around
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03-07-2008, 09:49 AM
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Senior Member
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Join Date: Oct 2007
Location: ID
1,223 posts, read 1,033,127 times
Reputation: 579
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I took out a loan from eloan once a couple of years ago. It was the easiest loan process that I ever went through. I don't remember if the fees were high or not. It was for a refinance to a 30 year fixed loan.
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03-07-2008, 04:32 PM
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Member
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Join Date: Jan 2008
Location: northeast ohio
28 posts, read 45,763 times
Reputation: 15
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Thanks for the info. I thought they seemed to be pretty much the same as all the rest on their rates and fees, but I will check around. They seem to be pretty easy to go through. Just trying to get a good rate on a 30 year fixed loan. I'll see how they compare when I check out a few others. Thanks again.
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03-07-2008, 04:43 PM
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Sr of Srs
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Join Date: Jul 2007
Location: Charlotte, North Carolina
5,120 posts, read 3,863,815 times
Reputation: 675
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make sure not to compare them to another online lender.
Pick a bank, and a broker.
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03-07-2008, 04:52 PM
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Senior Member
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Join Date: Oct 2007
Location: New York City
1,836 posts, read 838,847 times
Reputation: 342
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Quote:
Originally Posted by renriq02
make sure not to compare them to another online lender.
Pick a bank, and a broker.
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regarding quotes-
don't all these inquiries bring down ones credit score?
Can't a broker just run your credit ONCE and get all the quotes needed and be done with it? |
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03-07-2008, 04:55 PM
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Sr of Srs
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Join Date: Jul 2007
Location: Charlotte, North Carolina
5,120 posts, read 3,863,815 times
Reputation: 675
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you can shop for 30days, and have a lender pull your credit everyday.
it will only count as 1 inquiry if you do it within 30days
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03-07-2008, 04:57 PM
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Sr of Srs
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Join Date: Jul 2007
Location: Charlotte, North Carolina
5,120 posts, read 3,863,815 times
Reputation: 675
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i always recommend my borrowers to shop.
I want them to know that they got the best deal with me.
I dont know if they shop, but they always say I have really good rates.
Either way SHOP because it will give you peace/satisfaction that you got a good deal.
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03-08-2008, 10:56 AM
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Member
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Join Date: Jan 2008
Location: northeast ohio
28 posts, read 45,763 times
Reputation: 15
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Thanks renriq02. I appreciate your info. I have read alot of posts and you really seem most geniuine and honest. I will check with a few neighborhood banks. It's good to know about the 30 days to check your credit. Thanks for all your help!!
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03-08-2008, 07:34 PM
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Senior Member
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Join Date: Sep 2007
Location: Cary, NC
2,167 posts, read 2,355,368 times
Reputation: 845
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Quote:
Originally Posted by renriq02
make sure not to compare them to another online lender.
Pick a bank, and a broker.
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Why is it important not to compare with an online lender? And what difference does it make whether the lender is online or brick/mortar? |
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