PlanetLoan

PlanetLoan offers FREE, no-obligation mortgage quotes from multiple lenders. If you're in the market for a mortgage, this not only saves you the time and hassle of going to several different lenders looking for competitive rates and getting rate quotes, but it also prevents a "downside" that many people in the market don't consider: inquiries. When you apply for a loan, an "inquiry" ends up on your credit report from each lender.

If you go from lender to lender looking for deals and pre-quals, you can end up having potentially dozens of inquiries on your credit report. This is not a good thing! Even three or four inquiries in six-month period can acutally damage your credit rating. Not only that, but lenders who see multiple inquiries on your credit report often make the assumption that you're "looking for loans" or "looking for money" and might be in financial trouble, when it may very well be that nothing is further from the truth! There are distinct advantages to using a financial service that "applies to several lenders at once" for quotes and loan info based on your circumstances. Not doing so might actually cost you money by adding points to your mortgage or upping your interest rate.

These services are definitely worth the money, which, in this case is nothing. The service is free, and most applicants come away with offers the're happy with.

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