www.mortgage.com

www.mortgage.com is an online mortgage website that is owned by Citibank and it was formally owned by ABN AMRO. Citibank purchased ABN AMRO in 2007.

Within the www.mortgage.com website's "About" section, they claim to have, "the most up-to-date rates" and offer information "from a variety of objective sources", from this perspective - we respectively disagree...

Yes they do have some good information about mortgage products, however, EVERY mortgage website does as well. It is apparent that this not the most important thing to consumers. Interest rates are the most important because consumers realize the interest rate. they receive, equals how much of a mortgage payment they can afford.

So we found the best mortgage interest rates at ConsumerMortgageReports.com Mortgage Rates. Consumer Mortgage Reports reported on November 23 2007 that the best 30 year fixed interest rate they found, where the consumer pays zero points was between .250% and .428% lower than www.Mortgage.com best rates!

By using ConsumerMortgageReports.com Mortgage Rates VS www.mortgage.com, the average consumer, with a home valued at $250,000 and they take out a loan for $200,000 will save between $11,520 and $22,320 dollars over the term of a 30 Year mortgage.

www.mortgage.com does have good information about mortgage products but does not appear to look out for the homeowners' best interest. Citibank has taken the stance of 'steering' interest rates with just the Big 5 banks. With their inflated mortgage interest rates they have built in more profit.

It is obvious that the Big FIVE lenders of Countrywide, Bank of America, Washington Mutual, Wells Fargo, Citimortgage have 'set things up' where we have goodwill turns out to be just an act of profitability that gouges Americans.

Being a mortgage professional for the last 10 years has really brought the mortgage industry to light to the continuous relationships exhibited by the Big 5 of Countrywide, Bank of America, Washington Mutual, Wells Fargo, Citimortgage.

Why are more competitive banks NOT CONSIDERED? The www.mortgage.com website should offer more true value!

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