Best Reviews TopConsumerReviews.com Best Home Loans Best Reviews
Best Reviews
      January 20, 2019

Home  >  Home Loans  >  Freedom Mortgage vs Lower My Bills

Best

Home Loans

  1. Quicken Loans
  2. Smart Quote
  3. Freedom Mortgage
  4. The Easy Loan Site
  5. Lower My Bills

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!
  • Compare

Your Information Is Secure
Mortgages: The Complete Guide Newsletter

Latest Reviews

Bunk Beds

Charm Bracelets

Dating Sites

Eczema

Flower Delivery

Fruit Baskets

Guitar Lessons

Hair Loss

Menopause Relief

Online Stock Brokers

Watches

 

Individual Reviews

LendingTree

Quicken Loans

Smart Quote

Freedom Mortgage

The Easy Loan Site

Lower My Bills

 

Our professional reviewers evaluate products and services independently, but Top Consumer Reviews may earn money when you click on the links on our pages. Learn more.

Better Business Bureau Reliability Seal

Freedom Mortgage vs Lower My Bills

Best Home Loans

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

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

Today, home loan rates and home prices are very favorable to the buyer. Not only can you find a great home at a good price, you can usually borrow money at very affordable rates. And lending companies are once again eager to loan money to well qualified buyers.

A savvy home buyer should take the time to determine which home loan lender has the best home loan rates. Shopping for the right home loan can save you thousands of dollars in interest and mortgage payments. A low home interest rate can also enable you to pay off your home loan years ahead of schedule.

Continue reading below reviews

Best Reviews

2019

Home Loans Reviews

3.5 stars
Freedom Mortgage

FREEDOM MORTGAGE Visit Site

Freedom Mortgage is a New Jersey based company that provides a variety of home loan and refinancing options. In business since 1990, Freedom has helped thousands of customers with their home loan needs and works with customers in all 50 states. Freedom serves as the mortgage originator and loan servicer but also states that they have lending partners.

The application process is pretty straightforward and traditional at Freedom Mortgage.

Inquiry Process:

  • Complete an online request identifying your name, contact information, address history, property details, sources of down payment, tax information, sources of income, employment address, details of assets, a long list of declarations, and ethnicity.
  • A Home Loan Expert calls to verify your credit score and discuss your loan.
  • If approved the loan detail options will be sent via email.

The Freedom website has an extensive list of tools for the home buyer. Identify mortgage rates, the difference between loan types, mortgage calculators, education tools and much more. The website also offers a blog with a plethora of additional articles and details on home loans.

Freedom also offers a pre-qualification process if you have not yet identified the home you wish to buy. The process is similar to that of applying for a loan and the anticipated turn around is typically a few days.

Freedom Mortgage doesn't have all of the bells and whistles of those companies ranked higher. Specifically, the list of potential competitive loan choices are shorter. Freedom is similar to finding a local lender but without the hassle of making an appointment, leaving work and being fixed to bank hours. Freedom does offer a nice variety of loan types and their customer representatives.

Visit Site

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 loans, refinance loans, home equity loans, debt consolidation and more. Their philosophy is that if you can find a lower cost provider you can save money on your monthly bills. The process of obtaining those free quotes is simple and includes answering questions related to the type of home, credit score range, mortgage size, down payment, 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.
  • You're directed to some, none or up to 4 website links that take you to new companies that again require you complete the inquiry process.

Like many visitors of Lower My Bills, after 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.

Lower My Bills missed the mark in providing, convenient and informative loan rate information. We felt the effort was an unfortunate waste of our time.

Visit Site

Continued from above

Traditionally this involved visiting different banks and lending institutions, filling out paperwork, and waiting for a reply to come in the mail. Using the internet, however, makes this process much easier. With this latest trend in finding a home mortgage, you can easily browse through offers from a variety of lenders in the comfort of your own home. You'll find that online home loan lenders often offer the best home loan rates.

Before you begin your home loan search, you should consider the following:

  • Application process. What is the process of inquiring for a home loan? Can you expect a phone call or does the home loan company offer a more convenient online application process?
  • History. What might you qualify for, given your credit history, size and type of home loan desired? Does the home loan company have a history of effectively and professionally assisting consumers?
  • Number of Lenders. How many lenders does the company work with to find you the best home loan rate? How does this compare?

TopConsumerReviews.com has reviewed and ranked the best Home Loans available today. We hope these reviews help you find the loan that meets your financial needs!

Unpaid federal workers can sidestep rules to apply for cash-out mortgage refinance

As the partial government shutdown drags on with no end in sight, furloughed federal workers are faced with mounting financial obligations and a variety of relief options. The latest one is cash-out r...

Published:  Fri, 18 Jan 2019 22:23:00 GMT



Mortgage rates stand pat as federal shutdown creates uncertainty about economy

Without access to the usual economic data because of the federal government shutdown, mortgage lenders are left with a murky picture of where the economy is headed. Their uncertainty has left mortgage ...

Published:  Thu, 17 Jan 2019 07:28:00 GMT



Tremont Mortgage Trust Announces its First Dividend on Common Shares

Tremont Mortgage Trust TRMT, -2.38% today announced its first distribution on its common shares of $0.11 per common share. This first distribution is a partial distribution considering the timing of t...

Published:  Fri, 18 Jan 2019 05:00:00 GMT



US average mortgage rates steady; 30-year stays at 4.45 pct.

U.S. long-term mortgage rates held steady this week, after falling for six straight weeks to reach their lowest levels in nine months. Mortgage buyer Freddie Mac said Thursday the average rate on ...

Published:  Thu, 17 Jan 2019 09:03:00 GMT



RBC lowers five-year fixed mortgage rate - The Globe and Mail

Jan 16 (Reuters) - Royal Bank of Canada has become the first major Canadian bank to cut its five-year fixed mortgage rate, The Globe and Mail reported on Wednesday. The Canadian lender cut its five-ye...

Published:  Wed, 16 Jan 2019 22:08:00 GMT



'Can't pay babysitters, can't make mortgage payments': Fresno federal workers talk about their plight

Hundreds of furloughed IRS workers in Fresno have been ordered back on the job, but without pay. Some of them met and told two Valley Democratic Congressmen on Friday this situation can't continue.

Published:  Fri, 18 Jan 2019 19:50:00 GMT



Mortgage lenders face mass foreclosures due to extreme weather in under-insured areas

Floods, wildfires and other types of extreme weather are threatening not only the real estate industry but also the mortgage industry. Mortgage lenders are unprepared for widespread foreclosures ...

Published:  Sat, 19 Jan 2019 09:15:00 GMT



Better Mortgage Launches Emergency Refinance Program to Help Government Workers Currently Furloughed or Working without Pay

NEW YORK, Jan. 17, 2019 /PRNewswire/ -- Better Mortgage, one of the leading digital mortgage lenders in the U.S., today announced that it has launched a mortgage refinance program called Shutdown Reli...

Published:  Wed, 16 Jan 2019 21:25:00 GMT



Mortgage Rates Holds Steady - Update

(RTTNews.com) - Mortgage rates or interest rates on home loans remained steady, according to mortgage provider Freddie Mac. Releasing the results of its primary mortgage market survey, Freddie Mac sai...

Published:  Thu, 17 Jan 2019 08:38:00 GMT



Deborah Kearns: The 4 most common mortgage and real estate scams and how to stop them

The last thing consumers should have to worry about is being scammed when they buy or rent a home, or consider refinancing options. Unfortunately, criminals are getting more creative in how they ...

Published:  Sat, 19 Jan 2019 14:27:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure