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      March 26, 2019

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The Easy Loan Site 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 The Easy Loan Site 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

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 “lock in now.” 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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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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Atlanta's home prices are soaring. Can a new model keep some affordable forever

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San Jose Considers Launching Cannabis Equity Program

San Jose is home to 16 legal cannabis shops-a small number considering ... On Tuesday, the City Council will consider launching an equity initiative that would make San Jose eligible for state funds ...

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