The Cellar - View Single Post - Monetizing a non-liquid asset

Undertoad · 12-04-2006, 10:58 AM

ditech.com -- since GM can't sell cars it sells money.

lendingtree.com -- if you want 5 different major banks to check your credit history all at the same time, possibly causing notes on it to happen, such as "too many banks are checking this credit history at the same time". You are effectively filing a loan application with all of them, before you get a "quote".

You can probably get the same quotes as lendingtree by merely going to all the major bank websites and asking for a quote. A 30-year re-fi with $30,000 equity cashout (or whatever) is probably the most common thing they see.

12-04-2006, 10:58 AM	#3
Undertoad Radical Centrist Join Date: Jan 2001 Location: Cottage of Prussia Posts: 31,423	ditech.com -- since GM can't sell cars it sells money. lendingtree.com -- if you want 5 different major banks to check your credit history all at the same time, possibly causing notes on it to happen, such as "too many banks are checking this credit history at the same time". You are effectively filing a loan application with all of them, before you get a "quote". You can probably get the same quotes as lendingtree by merely going to all the major bank websites and asking for a quote. A 30-year re-fi with $30,000 equity cashout (or whatever) is probably the most common thing they see.