Comments on: Mortgage Rates: Going Up or Going Down? http://www.realphoenixliving.com/2009/06/05/mortgage-rates-going-up-or-going-down/ Real Estate information for Phoenix, Scottsdale, and other nearby Arizona cities Tue, 07 Feb 2012 00:07:39 +0000 hourly 1 http://wordpress.org/?v=3.2 By: Justin McHood http://www.realphoenixliving.com/2009/06/05/mortgage-rates-going-up-or-going-down/comment-page-1/#comment-6496 Justin McHood Fri, 26 Jun 2009 16:32:58 +0000 http://www.realphoenixliving.com/?p=1688#comment-6496 Hi Kristy, Thanks for stopping by and leaving a comment -- Zillow works like this: You only submit your loan information -- not enough information for anyone to pull your credit. Zillow doesn't sell the leads to anyone -- in fact, the lenders "bid" on your loan and then you pick which one or two or ten that you want to talk with and then contact them whenever you want. How does Zillow make money? Beats me. But I am pretty sure they don't make it on the $25 they charge the lenders to sign up and become a verified lender. In my opinion, Zillow is changing the way the mortgage game is played -- and if they manage to get the word out to the consumers, all other online shopping models that are currently out there are *toast*. Or at least, that is my opinion. Justin Hi Kristy,

Thanks for stopping by and leaving a comment — Zillow works like this:

You only submit your loan information — not enough information for anyone to pull your credit.

Zillow doesn’t sell the leads to anyone — in fact, the lenders “bid” on your loan and then you pick which one or two or ten that you want to talk with and then contact them whenever you want.

How does Zillow make money?

Beats me.

But I am pretty sure they don’t make it on the $25 they charge the lenders to sign up and become a verified lender.

In my opinion, Zillow is changing the way the mortgage game is played — and if they manage to get the word out to the consumers, all other online shopping models that are currently out there are *toast*.

Or at least, that is my opinion.

Justin

]]> By: Justin McHood http://www.realphoenixliving.com/2009/06/05/mortgage-rates-going-up-or-going-down/comment-page-1/#comment-6495 Justin McHood Fri, 26 Jun 2009 16:31:43 +0000 http://www.realphoenixliving.com/?p=1688#comment-6495 Hi Kristy, Thanks for stopping by and leaving a comment -- Zillow works like this: You only submit your loan information -- not enough information for anyone to pull your credit. Zillow doesn't sell the leads to anyone -- in fact, the lenders "bid" on your loan and then you pick which one or two or ten that you want to talk with and then contact them whenever you want. How does Zillow make money? Beats me. But I am pretty sure they don't make it on the $25 they charge the lenders to sign up and become a verified lender. In my opinion, Zillow is changing the way the mortgage game is played -- and if they manage to get the word out to the consumers, all other online shopping models that are currently out there are *toast*. Or at least, that is my opinion. Justin Hi Kristy,

Thanks for stopping by and leaving a comment — Zillow works like this:

You only submit your loan information — not enough information for anyone to pull your credit.

Zillow doesn’t sell the leads to anyone — in fact, the lenders “bid” on your loan and then you pick which one or two or ten that you want to talk with and then contact them whenever you want.

How does Zillow make money?

Beats me.

But I am pretty sure they don’t make it on the $25 they charge the lenders to sign up and become a verified lender.

In my opinion, Zillow is changing the way the mortgage game is played — and if they manage to get the word out to the consumers, all other online shopping models that are currently out there are *toast*.

Or at least, that is my opinion.

Justin

]]> By: Kristy Dyer http://www.realphoenixliving.com/2009/06/05/mortgage-rates-going-up-or-going-down/comment-page-1/#comment-6494 Kristy Dyer Fri, 26 Jun 2009 16:27:37 +0000 http://www.realphoenixliving.com/?p=1688#comment-6494 So LendingTree.com drops your credit score by 50 points by selling your information to multiple mortgage brokers and charging them $20 for each name. How does Zillow work? Do they allow multiple hits to your credit score? How do they get paid? So LendingTree.com drops your credit score by 50 points by selling your information to multiple mortgage brokers and charging them $20 for each name. How does Zillow work? Do they allow multiple hits to your credit score? How do they get paid?

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