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LendingTree vs Lower My Bills

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LENDINGTREE

LendingTree is a leader in the mortgage business. Founded in 1996, LendingTree has successfully helped take the stress out of borrowing money for millions of customers. They currently hold an A+ rating with the Better Business Bureau and provide the most user-friendly, comprehensive home loan website available today.

LendingTree expedites the loan process by providing their customers a list of the best loans available for their specific needs and credit score. Their website lets you to enter all the necessary details and information directly into their system, to quickly find the best mortgage terms suited for your specific loan. This process is free and secure. LendingTree has relationships with over 150 banks and lenders which completely eliminates the time and effort needed to compare several loans at once before making a selection.

Inquiry Process:

  1. Complete a simple home loan online request to specify the property type, credit rating, property location, mortgage amount, and contact information
  2. Receive up to 5 online offers from lenders in minutes
  3. Compare mortgage rates and terms for each loan
  4. Choose the home loan that best fits your needs and complete an official application for that lender

Another bonus with the LendingTree website is the extensive home loan tools they provide. These tools help customers identify how large of a mortgage they can afford, and what type of loans exist. They also provide extensive articles on the mortgage process including down payments, closing costs, and much more.

For customers with a lower credit score, LendingTree provides information on credit repair and a credit monitoring service to make sure your credit report is as clean and strong as possible before applying for a home loan.

LendingTree has designed the most comprehensive website that is equipped to quickly and painlessly match lenders to home loan borrowers in minutes. The number of lender relationships, the helpful tools, the professionalism, and additional services all make LendingTree the go-to website for all of your home loan needs. They earn our highest rating.

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LOWER MY BILLS

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.

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Home Loans

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

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.

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!



Home Loans In The News

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Published:  Mon, 12 Nov 2018 10:45:00 GMT



What Is A Good Credit Score For A Credit Card, Mortgage Or Car Loan

If you've ever gotten a credit card or taken out a loan for a car or a house, that means someone has decided you have a good enough credit score to borrow money. But what exactly is a credit score An...

Published:  Mon, 12 Nov 2018 10:29:00 GMT



Mortgage adjustments

There were more changes with respect to mortgage qualification this past week. TD announced that they are changing how they calculate Home Equity Line of Credit (HELOC) payments for mortgage applicati...

Published:  Mon, 12 Nov 2018 12:45:00 GMT



Bank Notes: Wells Fargo shuffles C-suite, uncovers more mortgage issues

There was more fall out from Wells Fargo's sales practice scandal last week, as the bank said its chief administrative officer and chief auditor have begun leaves of absence from the financial institu...

Published:  Mon, 12 Nov 2018 03:54:00 GMT



The future of mortgage finance 6 key takeaways from the midterm elections

Record numbers of American voters turned out to cast their votes in Tuesday's midterm elections, and in so doing revealed that the partisan divide in the country continues. Voters handed control of th...

Published:  Fri, 09 Nov 2018 13:57:00 GMT




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