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      October 23, 2019

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LendingTree vs Lower My Bills

Best Mortgage Refinance Companies

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

To see ALL of our reviews for the Best Mortgage Refinance Programs, please Click Here

When is it a good time to refinance your mortgage? If your existing mortgage rate is higher than the current rate for your credit score and mortgage type, you need to explore it. Would you like to lower your mortgage payment to make your house more affordable? Are you considering updates to a kitchen or a bathroom, and want to get some extra cash to afford them?

Before you stop off at the local bank to discuss home refinancing you should consider comparing refinance options online. Just visiting your local bank won't give you your best rate, which means you'll pay more. Refinancing your home through an online mortgage refinance company lets you quickly find the best rate given your credit worthiness, loan size and type.

Continue reading below reviews

Best Reviews

2019

Mortgage Refinance Reviews

5 stars
LendingTree

LENDINGTREE Visit Site

TopConsumerReviews.com Best-In-Class Blue Ribbon Award LendingTree is truly a one stop shop for all your mortgage refinancing needs. In business since 1996, LendingTree has helped thousands of customers successfully refinance their mortgage. They currently hold an A+ rating with the Better Business Bureau and provide the most user-friendly, comprehensive mortgage refinancing website available.

LendingTree allows you to enter all the necessary details and information directly into their system, and quickly move forward to find the best mortgage lender. This process is free and secure. Impressively, LendingTree has relationships with over 150 lenders. Once your details are entered online, they automatically find up to 5 lenders with refinance rates available to you.

Inquiry Process:

  • Complete online request identifying property type, your credit rating, property location, mortgage amount, and contact information
  • Receive up to 5 online offers from lenders in minutes
  • Compare mortgage rates and terms for each loan
  • Choose the loan that best fits your needs

We really liked the helpful tools on the website that assist with calculating what we could afford and how much cash we could take out of our existing home. For those with a lower credit score, LendingTree provides information on credit repair and a credit monitoring service to make sure your rate is as good as possible.

Overall, LendingTree has built a superior refinancing website that serves to streamline the mortgage refinance process in the most efficient manner. The number of lender relationships, the helpful tools, the professionalism and additional services all make LendingTree stand ahead of the pack. If you're considering refinancing your mortgage, you owe it to yourself to check out LendingTree.

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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 refinancing, home equity, debt consolidation and more. The thought is, if you can find a lower cost provider you can save money on your monthly bills.

The process of obtaining those promised free quotes was simple and included answering questions related to the type of home, your credit score range, the year of original purchase, home value, mortgage balance, 1st and 2nd mortgage information, purpose of refinance, 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.
  • Next step is dependant on new website you're directed to.

Once 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. For example, we put in an Indiana address and zip code and some of the results were for Fresno California. This left us wondering what Lower My Bills was planning to do with our personal information.

If the goal of Lower My Bills was to provide convenient rate mortgage rate comparison information - they failed. If the effort was to lure people into providing personal and financial information for the purpose of potentially selling to other companies, they were successful.

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Continued from above

The best refinance companies allow several banks to compete for your loan, in order to provide you the lowest mortgage payment. They save you the hassle of calling several banks and lending institutions, and completing multiple refinance applications.

But not all online mortgage refinance brokers are the same. Before you start your search you should consider the following:

  • Number of Lenders.  How many banks and lenders does the company work with to find you the best rate? The larger the number, the more likely you'll receive the best rate.
  • Application process.  What is the process of gathering the information needed to begin the mortgage search?
  • Timeliness.  Are you going to have to wait for a call to discuss all of the necessary details, or will the online application expedite the process and provide you the details you're looking for?

TopConsumerReviews.com has reviewed and ranked the best online mortgage refinance providers available today. We hope these reviews help you as you decide to refinance your mortgage!

Refinance or not? Getting a better deal isn't always a slam dunk

Low interest rates are sparking another mortgage-refinance boom. If you haven't applied for a loan in a few years, it might be time to reconsider. One reason to refinance involves swapping your ...

Published:  Sun, 20 Oct 2019 07:56:00 GMT



Four Things To Consider Before You Refinance Your Mortgage

Founder and CEO of Network Capital Funding Corporation writing about trends in the mortgage industry. Share to facebook Share to twitter Share to linkedin Refinancing a mortgage refers to getting a ...

Published:  Tue, 15 Oct 2019 05:24:00 GMT



Low Mortgage Rates Spark a Refinancing Boom

Mortgage rates that are hanging around their lowest levels in years have set off a borrowing stampede, especially among homeowners who see good opportunities to refinance. New data shows lenders are ...

Published:  Wed, 09 Oct 2019 12:25:00 GMT



Weekly mortgage refinance applications rise, even as home purchase demand falls

Mortgage interest rates rose last week, but that didn't throw any cold water on the mini-refinance boom that's been going on for the last month. Applications to refinance a home loan rose 4% from the ...

Published:  Wed, 16 Oct 2019 09:00:00 GMT



Mortgage rates drop once again - sparking more interest in loan refinancing

While the decline in rates has prompted many home owners to refinance their loans, it may not be enough to create a major uptick in home-buying activity So far the drop in mortgage rates has mostly ...

Published:  Fri, 11 Oct 2019 14:16:00 GMT



Refinance or not? Getting a better deal isn't a slam dunk, but low rates offer compelling choices

Refinance or not? Getting a better deal isn't a slam dunk, but low rates offer compelling choices Low interest rates are making mortgage refinancing more popular. But there are some tax and other ...

Published:  Sun, 20 Oct 2019 13:00:00 GMT



Refinance rates slide for Monday

A month ago, the average rate on a 30-year fixed refinance was lower, at 3.77 percent. At the current average rate, you'll pay $467.67 per month in principal and interest for every $100,000 you borrow ...

Published:  Mon, 21 Oct 2019 04:32:56 GMT



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