Smart Quote vs Lower My Bills for April 2019

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Smart Quote vs Lower My Bills

See ALL of our Home Loan Reviews

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.

SMART QUOTE

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.

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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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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

U.S. mortgage applications post biggest fall in four months - MBA

* Mortgage rates reach one-month highs with higher bond yields * Purchase mortgage index recedes from near nine-year peak (Adds background, quote, graphic) By Richard Leong NEW YORK, April 24 ...

Published:  Wed, 24 Apr 2019 08:19:00 GMT



Blackstone Mortgage Trust, Inc. (BXMT) CEO Steve Plavin on Q1 2019 Results - Earnings Call Transcript

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Q1 2019 Earnings Conference Call April 24, 2019 10:00 AM ET Company Participants Weston Tucker - IR Steve Plavin - President & CEO Tony Marone - CFO ...

Published:  Wed, 24 Apr 2019 09:52:00 GMT



MBA: Geopolitical headwinds dampen mortgage application growth

As geopolitical turmoil mounts, mortgage applications retreated further for the week ending April 24, 2019, according to the newest data from the Mortgage Bankers Association. According to MBA's ...

Published:  Wed, 24 Apr 2019 04:09:00 GMT



How Fannie and Freddie prop up America's favorite mortgage

Fannie Mae and Freddie Mac back about half of new mortgages in the U.S. Now, talks are heating up about reshaping or shrinking the two companies, a move that could impact millions of Americans. Photo: ...

Published:  Wed, 24 Apr 2019 04:00:00 GMT



Weekly mortgage applications fall as the highest rates in a month are spooking spring buyers

Overall mortgage application volume fell 7.3% last week from the previous week but was 6.6% higher than a year ago, thanks to stronger refinance volume, according to the Mortgage Bankers Association. ...

Published:  Wed, 24 Apr 2019 05:00:00 GMT



Lower mortgage rates, prices lift U.S. new home sales to one-and-a-half-year high

WASHINGTON (Reuters) - Sales of new U.S. single-family homes rose to a near 1-1/2-year high in March, boosted by lower mortgage rates and house prices. The third straight monthly increase reported by ...

Published:  Tue, 23 Apr 2019 07:55:00 GMT




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