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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, Lending Tree, 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.
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.
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.
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.
To help you find the Best Home Loans, TopConsumerReviews.com provides you with an in-depth comparison of Smart Quote and Freedom Mortgage.
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:
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: Wed, 20 Feb 2019 04:00:00 GMT
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Published: Tue, 19 Feb 2019 06:15:00 GMT
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Published: Wed, 20 Feb 2019 05:39:00 GMT
Investors on the hunt for both safety and a touch of yield have made a product stuffed with mortgage-backed securities the third-most-popular exchange traded fund this year. The $15 billion iShares MB...
Published: Wed, 20 Feb 2019 05:27:00 GMT
Chase Home Lending unveiled a program to close mortgage loans for customers within three weeks. If it missed the deadline, the bank said, it would write the would-be borrowers a $1,000 check. The bank ...
Published: Wed, 20 Feb 2019 04:10:00 GMT
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Published: Tue, 19 Feb 2019 05:30:00 GMT
Refinance rates were mixed, but one key rate moved higher. The average for a 30-year fixed-rate refinance rose, but the average rate on a 15-year fixed held steady. The average rate on 10-year fixed r...
Published: Tue, 19 Feb 2019 04:07:00 GMT
If you need a mortgage to buy a house but lack the funds to make a 20% down payment, you might end up paying an added fee called private mortgage insurance, or PMI. So what exactly is PMI In the same ...
Published: Wed, 20 Feb 2019 05:21:00 GMT
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