Best Reviews TopConsumerReviews.com Best Home Loans Best Reviews
Best Reviews
      May 30, 2020

Home  >  Home Loans  >  Detailed Reviews

Best

Home Loans

  1. Smart Quote
  2. Freedom Mortgage
  3. Lower My Bills

Your Information Is Secure
Mortgages: The Complete Guide Newsletter

Compare Products

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

Latest Reviews

Bad Credit Loans

Buying Gold

College Textbooks

Investment Newsletters

MCAT Test Prep

Photo Books

Photo Cards

Salsa Clubs

Slipcovers

Structured Settlement Buyers

 

Individual Reviews

Quicken Loans

Smart Quote

Freedom Mortgage

Lower My Bills

 

 

 

 

 

Sky Blue Credit Repair

 

 

 

 

Create A Free Profile & Start Searching Match.com

 

 

 

 

Buy Printer Ink For Less at ComboInk!

 

 

 

 

Stop hair loss now with Provillus!

 

 

 

 

Get Your Contact Lenses At Coastal Contacts Today!

 

 

 

 

Stop Acne Today

 

 

 

 

Get a Loan with LendingClub Today!

 

 

 

 

Stop Acne Today

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.

Best Home Loans Better Business Bureau Reliability Seal

Best Home Loans

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

2020

Home Loans Reviews

5 stars
Quicken Loans

QUIICKEN LOANS

Visit Site

TopConsumerReviews.com Best-In-Class Blue Ribbon Award Quicken Loans have been in the home loan and mortgage refinance business for over 28 years and strive to close the majority of their loans within 30 days or less. They currently hold an A+ rating by the Better Business Bureau and have historically closed billions of dollars in loans each year. Much like other companies reviewed, they work with varying lenders but act as the loan processor and closer in the process.

The website is well designed and easy to follow with step-by-step instructions that eliminate unclear expectations of the Quicken process.

Inquiry Process:

  1. Complete online request identifying mortgage goal, mortgage amount, home value, credit rating, contact information and more.
  2. A Home Loan Expert calls to verify your credit score and discuss your loan.
  3. Get matched to a loan.
  4. Make a deposit to cover the loan processing costs.

You may start the loan inquiry process online for free, however an application fee exists if you decide to move forward with the loan presented by Quicken. This fee to is to cover the cost of running a credit report and managing the loan process.

Quicken Loans also provides information on repairing your credit, in case you want or need to raise your credit score before applying for a loan. Their website provides some informative details on loan types, loan rates and more.

Quicken Loans is an strong choice for a home loan. We would have liked to have seen more information regarding their lenders and a little more loan detail before have to speak with a Quicken representative. However, if you're in the market for a home loan, Quicken Loans (877-715-0889) is a great place to start.

Visit Site
4 stars
Smart Quote

SMART QUOTE

Visit Site

Smart Quote is newer to the home loan business and is unique from the other companies reviewed. Smart Quote essentially asks website visitors the same questions as the companies ranked higher to allow the shopper to compare the rates of several home loan referral and mortgage companies at once. It sounds confusing, we know. In a nut shell, instead of going to Quicken, LendingTree, and more traditional lenders for their best rates, Smart Quote will do it for you. However, the information is 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 loan.

The inquiry process is simple at Smart Quote.

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 can be 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.

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 the higher ranked home loan companies and are wondering if they've missed any other home loan options, Smart Quote is a tool that can help. The only downside to Smart Quote is that it's very generalized information and is likely not to apply to all customers creditworthiness.

Visit Site
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!

Struggling to pay your mortgage? Credible CEO on 3 tips homeowners need to know

More than 4.1 million homeowners are temporarily skipping their mortgage payments, although the number of people needing assistance is beginning to slow.

Published:  Fri, 29 May 2020 05:56:00 GMT



Coronavirus: New mortgage holiday should affect credit rating, says Nationwide boss

A borrower's credit rating should be marked if they take a further mortgage holiday, the Nationwide has said. Lenders look at somebody's credit rating when deciding whether to agree to a fresh loan or ...

Published:  Fri, 29 May 2020 02:41:00 GMT



Mortgage rates hit all-time lows

With mortgage rates tumbling to new lows, some are beginning to wonder just how far they will continue to fall. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate ...

Published:  Thu, 28 May 2020 08:11:00 GMT



Get the best mortgage rates by following these 5 steps

Coronavirus has brought mortgage interest rates down near historic lows. Here's what you can do to ensure that you get the best rates when you purchase a home or refinance.

Published:  Fri, 29 May 2020 05:25:00 GMT



US mortgage rates fall to a record low for the 3rd time since March

"The housing market is continuing its path to recovery as various states reopen, leading to more buyers resuming their home search," said Joel Kan.

Published:  Thu, 28 May 2020 11:42:00 GMT



Our Latest Reviews

Bad Credit Loans

Bad Credit Loans

Buying Gold

Buying Gold

College Textbooks

College Textbooks

Investment Newsletters

Investment Newsletters

MCAT Test Prep

MCAT Test Prep

Photo Books

Photo Books

Photo Cards

Photo Cards

Salsa Clubs

Salsa Clubs

Slipcovers

Slipcovers

Structured Settlement Buyers

Structured Settlement Buyers

Share Us!   

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure