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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.
The Easy Loan Site is a no frills home loan and refinance website that focuses on connecting mortgage shoppers with lenders based on each customers needs. The Easy Loan Site has an A rating from the Better Business Bureau and is Norton secure certified.
Immediately we noticed that the website lacks much of the information and resources we had grown to expect from those companies ranked higher. There are no investment research tools, market analysis or any of the other helpful features we found elsewhere. The main page simply states the company name, advertises the lowest rate available today, and lures potential clients to "lock in now".
There is a simple drop down menu box from which you can select the type of loan you are looking for (new mortgage, refinance, or equity loan) and then it continues to take you through a long list of questions designed to determine which lenders could provide the best deal based on the requirements of the customer.
The process for filling out the online form is made very simple with the use of this drop down window. In less than a minute we were able to navigate through the various questions and get to a screen that showed us three competing lenders with rates that looked fairly competitive. We were also given notice at that point that we would be contacted by lenders within 24 hours.
Everything worked as it should, but the experience left us a little unimpressed because the site offered so little other than a basic loan search engine. With no research tools or any other information, The Easy Loan Site may be a fine place to look for a mortgage lender but a basic search engine is about all they offer.
To help you find the Best Home Loans, TopConsumerReviews.com provides you with an in-depth comparison of Smart Quote and The Easy Loan Site.
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!
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