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      January 22, 2019

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Smart Quote vs The Easy Loan Site

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 The Easy Loan Site.

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.

Continue reading below reviews

Best Reviews

2019

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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2.5 stars
The Easy Loan Site

THE EASY LOAN SITE Visit Site

At The Easy Loan Site visitors will find a no frills home equity loan website that focuses on connecting borrowers with mortgage lenders based on each consumers financial situation. The Easy Loan Site has an A rating from the Better Business Bureau and is Norton secure certified.

The Easy Loan Site is missing those research tools, market analysis and other helpful features we found at many of the other home equity loan sites. The main page simply states the company name, advertises the lowest rate available today, and tempts clients to ôlock in now.ö There is a simple drop down menu box from which you select the type of loan you are looking for (new mortgage, refinance, or equity loan) and then takes you through a long list of questions designed to determine which lenders are the best fit for your financial needs.

Inquiry Process:

  • Complete online application with type of loan, amount, credit rating estimate, location, and description of the property
  • See a list of 3-5 potential lenders and their rates, with contact information
  • Receive calls from potential lenders 24+ hours later

The process for filling out the online form is made very simple with the use of this drop down window. In less than a minute we were able to navigate through the various questions and get to a screen that showed us three competing lenders with rates that looked fairly competitive. We were also given notice at that point that we would be contacted by lenders within 24 hours.

Everything worked as it should, but the experience left us a little unimpressed because the site offered so little background information that we really didn't know who we were dealing with. With no research tools, company background details or any other information, The Easy Loan Site is a basic search engine and left us wanting more.

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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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Second Mortgage

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Published:  Sat, 19 Jan 2019 21:18:00 GMT



GMACM Home Equity Loan Trust 2004-HE5 -- Moody's upgrades $92.9 million of Second-Lien RMBS issued from 2002 to 2007

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HSBC Home Equity Loan

The details shown below are for an owner occupier taking out a no set repayments loan between $20,000 and $1,000,000 with an LVR below 80% The details shown below are for an investor taking out a no s...

Published:  Fri, 04 Jan 2019 16:00:00 GMT



Home Equity Loan vs. Home Equity Line of Credit

When your home goes up in value or when you make payments on your mortgage over time, you build equity in your home. Equity is the value of your mortgaged property minus the cost of what you owe on th...

Published:  Mon, 17 Dec 2018 05:26:00 GMT



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