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Frequently-Asked Questions- ShopMyLoan.com
has compiled this list of frequently asked questions to assist you.
If you have a question not listed here please call us, we would be
happy to help you.
Q-What's in
it for ShopMyLoan.com? How do you get paid?
A-Consumers
are never charged for using ShopMyLoan.com home loan matching
services. ShopMyLoan.com generates it's revenue from the following
channels: 1- Network membership fees. Network members are charged a
fee to belong to the ShopMyLoan.com lending network. 2- Advertising
revenue. A limited amount of space is allocated on the
ShopMyLoan.com web site for advertisers to have a logo or
link.
Q-
Is
ShopMyLoan.com my lender or my broker?
A-Neither.
ShopMyLoan.com is neither a lender or broker. ShopMyLoan.com is
simply a meeting place for borrowers and lenders. ShopMyLoan.com
brings consumers to it's website and provides helpful information,
research and advice on financial services currently available in the
marketplace. Then through a series of short questions ShopMyLoan.com
can determine which of it's carefully screened network members are
most likely to offer the best overall financial solution, based on
your stated goals. We then introduce you to a few
appropriate lenders.
Q-
What's wrong
with finding a lender by myself?
A-You
can! If you have time and are well versed in the current financial
marketplace, we don't discourage that at all. You may find an
excellent solution for your financial goals. As far as screening and
checking with nearly 8,000 financial providers, that's going to be
difficult.
Q-
I don't want
to be called for months about this.
A-You
won't! Your information will never be provided to more than four
network members. ShopMyLoan.com takes your privacy and time very
seriously. Network members must adhere to a strict code of conduct.
Network members are continuously monitored with borrower
satisfaction surveys in order to maintain network membership status.
If you ever have an issue with a ShopMyLoan.com network member
please give us a call.
Q-
How long
will it take someone to contact me?
A-Monday
through Friday 8AM through 6PM contact should take place within 20
minutes to 2 hours. Evenings and weekends contact should take place
within 20 minutes to the next business day morning. You will also be
provided with the contact information for the network member or
members which were a match for your financial needs. In the event
you have an opportunity to contact them before they are able to
reach you, feel free to do so.
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