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      July 18, 2019

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LendingTree vs Lower My Bills

Best Home Equity Loans

To help you find the Best Home Equity Loans, TopConsumerReviews.com provides you with an in-depth comparison of LendingTree and Lower My Bills.

To see ALL of our reviews for the Best Home Equity Loans, please Click Here

A home equity loan is a popular strategy for home owners that want to use the equity in their homes to create cash in their pockets. Home equity loans are typically used for home improvements, to pay off debt, make a large purchase, send a child to college, and much more.

A home equity loan can mean your existing loan is refinanced or a second loan can be assumed. Determining which move makes better financial sense, refinancing or a second loan, is dependent on several factors such as your current mortgage loan terms and which banks are willing to offer you a home equity loan given your creditworthiness. Before you call your current mortgage lender to discuss a home equity loan, you should consider shopping around for the best home equity loan rates. This can mean saving several thousands of dollars in interest and mortgage payments over the life of the loan.

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Best Reviews

2019

Home Equity Loan Reviews

5 stars
LendingTree

LENDINGTREE Visit Site

TopConsumerReviews.com Best-In-Class Blue Ribbon Award LendingTree is the leading provider of home equity loans. In business since 1996, LendingTree has helped hundreds of thousands of customers successfully find the best home equity loan available in the market. They currently hold an A+ rating with the Better Business Bureau and provide a customer-friendly and informative home equity loan website.

Most customers find that LendingTree's easy home equity loan process, which allows you to enter all the necessary details and information directly into their system, is the quickest and most efficient method to find several lenders at once. LendingTree has relationships with a large number of mortgage companies and banks across the nation. Many of them offer the most competitive home equity loan rates available today.

Once your details are entered into their online form, LendingTree automatically finds up to five lenders with home equity loan rates for you.

The home equity loan process at LendingTree is simple and stress free. The steps involved include:

  • Complete their online request identifying your property type, credit rating, property location, mortgage amount, and contact information
  • Receive up to five online offers from home equity loan lenders in just a few short minutes
  • Compare the home equity loan rates and terms for each loan
  • Choose the home equity loan that best fits your needs and complete a more detailed application for that specific lender

We were impressed with the user-friendly LendingTree website and appreciated all their helpful tools. Some of those include an affordability calculator, credit worthiness articles, and how much cash you can take out of your existing home. For those with a lower credit score, LendingTree provides information on credit repair and a credit monitoring service to make sure your home equity loan rate is as favorable as possible before you attempt to obtain your home equity loan.

LendingTree has built a superior home equity loan website that streamlines the loan process in the most efficient manner. The number of home equity lender relationships, the helpful tools, the professionalism, and additional services all make LendingTree stand ahead of the pack. If you want to take out a home equity loan, LendingTree is a great place to start.

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1 star
Lower My Bills

LOWER MY BILLS Visit Site

Lower My Bills is a free online service that provides rate comparison information for home refinancing, home equity, debt consolidation and more. The philosophy at this company is that they can find provide lower cost providers to help save money on monthly bills. The process of obtaining those promised free quotes was simple and involved answering questions related to the type of home, credit score range, year of original purchase, home value, mortgage balance, 1st and 2nd mortgage information, purpose of home equity loan, employment status, address, phone number and a few other simple questions.

Inquiry Process:

  • Complete online request including property type, the type of loan, credit profile, purchase year, home value mortgage balances, current lender, rate info, age, address and more.
  • Some, none or up to four website links will be available to take you to new companies that again require you complete start the inquiry process.
  • Next step is dependant on new website you're directed to.

Once the questionnaire was completed we expected a list of rates to appear given the very detailed and personal information we had provided. However, we only received four links to different websites that wanted the same information completed. Some of those four links even provided erroneous results - furthering our disappointment. This left us wondering what Lower My Bills was planning to do with our personal information. We didn't find a convenient and valid list of potential home equity loan lenders at Lower My Bills.

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Continued from above

The best home equity loans may be found online from mortgage companies and banks that offer the most competitive rates available in the market. A few home equity loan companies even offer a mortgage broker like service that helps customers find the best loan, with the lowest interest rates terms.

Before jumping on the internet to search for your next home equity loan you should consider the following:

  • Loan Application. What are the steps required to begin the home equity loan search?
  • Selection. How many banks does the company work with to find you the best home equity loan rate?
  • History. Does the home equity loan company have a solid reputation that you can feel good about?

TopConsumerReviews.com has reviewed and ranked the best Home Equity Loan providers available today. We hope these reviews help you find the right home equity loan for your needs!

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CHICAGO, July 16, 2019 /PRNewswire/ -- Midwest Equity Mortgage, LLC, ("MEM"), dba Celebrity Home Loans, ("CHL"), announced today that Direct Mortgage Funding, ("DMF"), has joined its family of brands. ...

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How to Finance Your Home Remodeling Project

With Denver home equity continuing to rise, many homeowners can access the cash they need for remodeling projects simply by refinancing their mortgage. And with 2019 mortgage rates near all-time lows, ...

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How would a Fed rate cut affect your credit cards, home equity lines and bank savings

Those with variable-rate loans, such as credit cards and home equity lines, "should expect to see smaller monthly payments," he says. "For those who may be looking to borrow money to fund home ...

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