internet loan offers?

Question

just wondering if anyone has used any of the internet loan offers from the private lenders and if it was a scam or did they really come through? has anybody used paul walters? sounds too good to be true. would appreciate any info. thanks.

Answer 1

Yes, he is a big time rip off, buyer beware!...

Answer 2

yes I have attempted to use lending tree. the mortgage lender who I will not mention here was about to rip and I mean RIP my pockets to shreads. they offered me a 2/28 ARM which after doing research I found out is not the greatest of loans there was also a prepayment penalty. I was told my credit was not horrible but not good either (which was not true)! To make a long story short they kept coming back with we need this and we need that blah blah blah. In the end they wound up asking for 5% down payment when originally they said 100% financing. Their fees were through the roof too!! My realtor advised me to meet with the broker that they work with which I did and I am sooo glad I did. My intrest rate wound up being 6.5% on 100% financed 30 yr fixed. I wound up not having to pay a red cent at my closing AND walked away with my good faith deposit money back as well. Compared to their almost 8% with almost 13% APR I would STRONGLY caution against internet loan offers. I am sure there are legit lenders out there that do business online but there are alot of sub prime lenders that are in alot of trouble right now too and will do just about anything to con first time home buyers into their loans. By the way I was told if I would have taken the ARM in 2 yrs when I could refinance it would have wound up costing me big time to get out of that loan. Just be cautious. My experience was not a good one so I would have to say in answer to your questions NO they definitely did NOT come through but I am glad they didn't as I would have made a HUGE mistake.

Answer 3

Our company offers various types of loans and our customers have not had any complaints. If a loan sounds too good to be true then you should investigate further.



An example are lenders that claim to give unsecured personal loans of $10K, $20K, etc to people with bad credit or home loans to people with credit scores below 500.



I personally shop for loans and insurance online because it's convenient and most importantly you can get multiple quotes and compare them to pick the best one for yourself. You also don't have to call 4 or 5 brokers, leave messages, etc. You just fill out a form and they come to you.



Whatever you choose to do, go with what makes you comfortable - your gut instinct.



Best of luck.

Answer 4

DON'T APPLY WITH INTERNET LOAN COMPANIES!!!! I do mortgage loans and real estate for a living and I try to be as honest and detailed as possible when doing a loan. Those loan companies, i.e. Lending Tree, is a source for loan agents to get a hold of your information and call you and call you and call you until you want to change your phone number. Lots of times, they do try to gouge you and take as much money from your pockets as possible. Even though we mortage people need to eat and pay the bills, there is no reason to charge exobitant rates when doing a loan.

Answer 5

Never hear of him. I work for a co that does loans over the Internet all the time. Look up the co on the BBB.org and ask for referrals

Answer 6

Never heard of him,I was scammed twice before i finally got my loan.

Try richards Loan Agency,I got mine from them with an amazing interest rate of 0.2%.

you can contact them via email

[e-mail]