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Home Equity Loan Reviews

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LENDINGTREE

LendingTree has built a website that caters to the home equity loan customer. You can quickly find several lenders that offer the most competitive home equity loan rates for your needs. The number of home equity lender relationships, the helpful tools, the professionalism, and additional services all make LendingTree stand ahead of the competition.

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SMART QUOTE

Smart Quote is newer to the home equity loan market. They provide generalized home equity loan option information to visitors, but they also require more time and additional steps than some of the other companies.

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THE EASY LOAN SITE

The Easy Loan Site matches prospective clients with various home equity loan lenders. Searching for a home equity loan is rather straightforward at The Easy Loan Site but, the website lacks the resources and education of those companies ranked higher.

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LOWER MY BILLS

Lower My Bills doesn't provide as promised. After taking the time to share rather personal information we received four links to more websites where we had to start the inquiry process all over. Lower My Bills left us in the dark and wondering what they did with our personal information.

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Home Equity Loans

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.

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!



Home Equity Loans In The News

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 ...

Published:  Mon, 17 Dec 2018 05:28:00 GMT



U.S. banks quietly pull back from riskiest loans amid recession fears

But looking behind headline numbers showing healthy loan books, problems appear to be cropping up in areas such as home-equity lines of credit, commercial real estate and credit cards, according to fe...

Published:  Mon, 17 Dec 2018 04:05:00 GMT



The Impact of FHA's New Loan Limits

The limit would also increase for FHA-insured Home Equity Conversion Mortgages (HECMs ... Housing Act's HECM limits do not allow loan limits for reverse mortgages to vary by MSA or county ...

Published:  Fri, 14 Dec 2018 14:56:00 GMT



Risky Home Loans Are Making a Comeback. Are They Right for You

... the value of the home will put you in a spot." Of course, this could happen with a traditional 30-year fixed-rate mortgage, but the monthly payments help pay down the principal, which increases th...

Published:  Fri, 14 Dec 2018 08:51:00 GMT



Should You Quit Renting and Try Home Ownership

Is it time to start thinking about home ownership There are multiple reasons ... In the end, if you are paying down a mortgage, shouldn't you benefit from the equity There are some other things to c...

Published:  Mon, 17 Dec 2018 11:41:00 GMT



Home Equity Loan Problems

Home equity loans, or those that usually are financed after a first mortgage is on the books, are usually smaller home loans. These loans are often used to consolidate debt, make large purchases, incl...

Published:  Fri, 23 Nov 2018 16:00:00 GMT



Home Affordable Refinance Program (HARP)

The main benefit of HARP is flexibility in the loan to value requirements. HARP allows homeowner's the ability to refinance even if they no longer have equity in their home. If a borrower purchased a ...

Published:  Fri, 14 Dec 2018 16:20:00 GMT



TransUnion: Home Equity Borrowing Poised to Skyrocket

Combined with a need for new ways to consolidate the also rapidly rising consumer debt, these factors make home equity a promising solution, Joe Mellman, senior vice president and mortgage business le...

Published:  Wed, 17 Oct 2018 08:57:00 GMT




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