The advertised rates for mortgages aren't the real story: Loanzen is a 100% anonymous and free community where homebuyers and homeowners discuss the true rates & fees.
I created Loanzen after a horrible experience with a broker. Right after launch, a user submitted a loan and the community helped him negotiate a mortgage .5% lower than the lender's advertised rate.
| Username | Applied | Purchase Tp | City | Credit Sc | Prop Type | Prop Value | Mortgage Tp | Term | Broker | Rate | Close Time | Orig Fee | Titl/Es | App/Adm | Yield Sprd | Closed | Rating |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Comments | Invest Type | State | Income | Employment | Equity | Amortization | Intrst | Lender | Points | Prepay Pen | Proc Fee | UW Fee | Aprsl Fee | Bait&Switch |
What is Loanzen
Loanzen is the fully transparent, unbiased mortgage loan information source—sort of like Wikipedia for loans.
Discover: Peruse the current loans in the system—submitted by people like you—and learn about the real rates, fees and trustworthiness of brokers/lenders. Note: The colors show which mortgages were approved or declined and which are still pending.
Personalize: No two borrowers are exactly alike therefore we've created tools to make it easy to filter the list to choose credit score, amount down, loan amount, etc. Wouldn't you want to see other loans similar to yours?
Submit Your Loan: What to help the community? Want feedback on your deal? Post 100% anonymously to the community and see how your deal stacks up. Help the community and let them help you determine what is fair and how to get a better deal.
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