Conventional fixed mortgage Application, originator, mortgage broker
LendingTree, Inc Mortgage department,
Conventional fixed mortgage Application, originator, mortgage broker Kentucky
Lending Tree is advertising 3.750 % APR 30 year fixed rates today and I work in the mortgage business and know full well there is no way that they could deliver that rate today. I have saved a copy of the ad ( screen shot ) for proof of this misleading advertisement. I also printed a copy of my absolute best rates today and a borrower getting the advertised 3.75 % APR 30 year fixed rate would have to pay $6300.00 in fees + Closing Costs so the APR would be no where close to 3.75 % interest rate. I feel this advertisement is misleading customers and they are subject to a bait and switch.
LendingTree, Inc customer in Kentucky
Jul 14, 2015
* Source: CFPB Complaint Database
LendingTree, Inc response to complaint:
Closed with explanation
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