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      November 15, 2018

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  1. Smart Quote
  2. The Easy Loan Site
  3. Lower My Bills

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Smart Quote 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 Smart Quote 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

2018

Home Equity Loan Reviews

3.5 stars
Smart Quote

SMART QUOTE Visit Site

Smart Quote is rather new to the home loan, home equity loan, and mortgage refinance business. Smart Quote is different than other home equity loan mortgage referral companies. Their website asks customers many of the same questions as other companies in our review, but their results then send customers to Quicken, Lending Tree, and other companies. However, the home equity loan matches are much more generalized and less specific to each client. The benefit is that if someone isn't happy with the rates they've received, they may use Smart Quote to see what other lenders are issuing loans in their state, for that size of home equity loan.

Inquiry Process:

  • Input your state, loan type and amount of loan.
  • The website will provide the best rates for several companies doing business in your area.
  • The customer must then call or go to the respective website to see what they can qualify for.

Smart Quote is a good tool for those that are having trouble finding loan terms that they are comfortable with. The challenge with using Smart Quote is that the results may not apply to that individual borrower, they are only best rate quotes and the shopper must then go to a new website to start a more official process. In the end, this requires more steps that doing business with a higher ranked company.

The website does offer a few resources and tools such as a mortgage calculator, home affordability information, and links to some informative articles. For those that visit other home equity loan companies and wonder if they've missed any other home equity options, Smart Quote is a tool that can help. A downside to Smart Quote is that they provide very generalized information, and which may not apply to your specific creditworthiness and financial needs.

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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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Home equity loans and home equity lines of credit (HELOCs) are both viable ways for homeowners with substantial equity to get quick cash when they need it. But it's important to understand how these l...

Published:  Tue, 06 Nov 2018 07:07:00 GMT



Cash-out refinance to pay off HELOC or home equity loan

In most cases, interest rates for home equity loans and lines of credit are higher than those of traditional first mortgages. And home equity financing often comes with a variable interest rate ...

Published:  Tue, 13 Nov 2018 04:41:00 GMT



What Is a Home Equity Loan How It Works vs. a Home Equity Line of Credit

What is a home equity loan If you own a home, you can borrow money based on its value to pay other expenses such as home improvements or college tuition. You receive a lump sum upfront, then repay it ...

Published:  Tue, 06 Nov 2018 03:46:00 GMT



An alternative to the banks for home equity loans

Many homeowners have been in a situation where they require a large sum of money quickly. Whether it's to pay down debt or fund a home improvement project, you won't always have the funds to bankroll ...

Published:  Wed, 14 Nov 2018 02:44:00 GMT



Home equity loans in Ontario

Owning a home in Canada can be expensive, and large unexpected costs can be extremely difficult to deal with. Borrowing large amounts of money can be difficult since most credit cards and payday loans ...

Published:  Thu, 08 Nov 2018 10:38:00 GMT



Chinese home equity loan service provider CNFinance makes NYSE debut

NEW YORK, Nov. 7 (Xinhua) -- CNFinance Holdings Limited, a home equity loan service provider in China, debuted on the New York Stock Exchange (NYSE) on Wednesday, trading under the ticker symbol of "C...

Published:  Wed, 07 Nov 2018 15:50:00 GMT



Can we reduce the high interest rate we're paying on our equity release loan

I wonder if you can help me and my 91-year-old mother In 2000 and again in 2005, my father took out equity release loans on the family home. The home is held in trust for my brother and I. Sadly, my ...

Published:  Tue, 13 Nov 2018 05:04:00 GMT



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