www.Mortgage.com Reviewed and Taken Apart!
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www.mortgage.com is an online home loan website that is owned by Citibank and it was formally owned by ABN AMRO. Citibank bought ABN AMRO in 2007.
Within the www.mortgage.com websites “About” section, Citibank claim to have, “the most up-to-date rates” and offer information “from a variety of objective sources”, from this perspective - we respectively disagree…
Yes they do have some helpful information about mortgage products, however, EVERY mortgage website does as well. It is obvious that this not the most important thing to Americans. Mortgage rates are the most important because Americans realize the interest rate. they receive, equals how much of a mortgage payment they can afford.
Therefore we found the best mortgage rates at ConsumerMortgageReports.com
Mortgage Rates. Consumer Mortgage Reports reported on November 23 2007 that the best 30 year fixed interest rate they located, where the homeowner pays zero points was between .250% and .428% lower than www.Mortgage.com best rates!
By using ConsumerMortgageReports.com Mortgage Rates VS www.mortgage.com, the typical consumer, with a home assessed at $250,000 and they receive a mortgage for $200,000 will save between $11,520 and $22,320 dollars over the term of a 30 Year mortgage.
www.mortgage.com does have good information about mortgage products but does not appear to look out for the homeowners’ best interest. Citibank has taken the stance of ’steering’ interest rates with just the Big 5 lenders. With their inflated mortgage rates they have built in more profit.
It is obvious that the Big FIVE mortgage lenders of Citimortgage, Countrywide, Bank of America, Wells Fargo, Washington Mutual have ’set things up’ where a good deed plays out to be just an act of profitability that takes more from consumers.
Being a industry insider for the last 10 years has really opened our eyes to the continual relationships exhibited by the Big 5 of Citimortgage, Countrywide, Bank of America, Wells Fargo, Washington Mutual.
Why are more competitive banks NOT CONSIDERED? The www.mortgage.com website should offer more true value!
Shop for your Best Mortgage Rates by clicking here - fulfill all your purchase and refinance needs!
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