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Referral Site

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Referral Site

A mortgage Web site that shows mortgage prices posted by participating lenders, in some cases hundreds of them.

Referral sites are similar to newspapers in that lenders and brokers pay for the privilege of posting their mortgage prices on the site. However, they provide more information than newspapers. At least some of the price information on referral sites, furthermore, is posted on the day the user looks at the screen, whereas all price information in newspapers is obsolete when it is published. Some referral sites are Bankrate.com, BestRate.com, CompareInterestRates.com, Domania.com, Interest.com, and LoanPage.com.

For referral sites to be useful, shoppers must be able to select the lenders quoting the best prices, then visit the Web sites of each of them to make a final selection. This won't work for ARMs because the referral sites don't provide complete information about ARMs. While they do provide complete price information about fixed-rate mortgages, the process breaks down when the lender's own Web site is poor. I found that some of the lenders quoting the best prices on the referral sites were either quoting higher prices on their own sites or not providing complete information.
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This is one perfect example of a referral site where, taking from the name of the field itself, will just reward you for referring more people to them.
The Secret to Making Easy Money Online by K. Purden / Finance and Investment community
Formal nanny agencies and referral sites, on the other hand, will help set you up with well-experienced and trustworthy nannies whose backgrounds have already been checked.
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Bringing homeowners and businesses together with contractors on a referral site will insure that both are dedicated to getting the job done accurately and at the best possible price.
Commercial Contractor Referral Vs. Residential Contractor Referral by A Nutt / Real estate industry community
 
 
 
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