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      November 17, 2018

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Lending Tree vs Mortgage Search 123

Best Mortgage Refinance Companies

To help you find the Best Mortgage Refinance Programs, TopConsumerReviews.com provides you with an in-depth comparison of Lending Tree and Mortgage Search 123.

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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

2018

Mortgage Refinance Reviews

5 stars
Lending Tree

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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1.5 stars
Mortgage Search 123

MORTGAGE SEARCH 123 Visit Site

Mortgage Search 123 is not your standard refinance website. They focus their effort on those individuals looking to refinance their home to avoid foreclosure. Mortgage Search 123 matches consumers with companies that may offer foreclosure prevention services. They clearly state the lender may not be willing to change the consumer's loan so we have to wonder if they are leading people in for debt management services instead.

The look and feel of Mortgage Search 123 is unprofessional and unimpressive. The website lacked information about the legitimacy of the company and the overall loan inquiry process.

Inquiry Process:

  • Complete online request with property location, home value, credit, contact information, status of house payments and credit card payments, total monthly debt payments and more.
  • A loan contact from any bank interested in working with you will call.
  • Choose a loan based on the conversations you've had with various banks.

Mortgage Search 123 lacked the necessary credentials and information we were looking for to become comfortable with providing them much information. We also didn't like that their only focus was refinancing to save from foreclosure. We recommend you choose a higher ranked mortgage refinance company to assist with any of your loan needs.

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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!

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There's a big difference between recasting a mortgage and refinancing one, even though both can help borrowers save money. Recasting is easier than refinancing because it requires only a lump sum of m...

Published:  Fri, 16 Nov 2018 15:07:00 GMT



Freddie Mac Announces GreenCHOICE Mortgages(SM) for Financing Energy-Efficient Home Improvements

MCLEAN, Va., Nov 16, 2018 (GLOBE NEWSWIRE via COMTEX) -- MCLEAN, Va., Nov. 16, 2018 (GLOBE NEWSWIRE) -- Freddie Mac (otcqb:FMCC) today announced new enhancements to its GreenCHOICE MortgagesSM energy- ...

Published:  Fri, 16 Nov 2018 06:30:00 GMT



Mortgage rates plateau amid stock market fluctuations

The purchase index dropped 2.3 percent. The refinance share of mortgage activity accounted for 39.4 percent of all applications. "Purchase mortgage applications decreased year-over-year for the third ...

Published:  Thu, 15 Nov 2018 06:23:00 GMT



Mortgage rates forecast for 2019: experts weigh in

"I would encourage anyone refinancing from an adjustable rate mortgage or a home equity loan with a stale floating rate to do so sooner rather than later," suggests Goldrick. Others say it's ...

Published:  Fri, 16 Nov 2018 11:35:00 GMT



Mutual Mortgage Insurance Fund Outperforms for Fourth Year in a Row

The MMI Fund supports FHA's single-family mortgage insurance programs, including all forward mortgage purchase and refinance transactions, as well as mortgages insured under the Home Equity Conversion ...

Published:  Fri, 16 Nov 2018 07:24:00 GMT



Retirement interest only mortgages

A new type of mortgage is establishing itself as an option for older borrowers who want to free up equity from their home, or combine paying for their home with saving for retirement or care costs. Re...

Published:  Fri, 16 Nov 2018 06:32:00 GMT



30-year mortgage rate flat; still highest since 2011

The average fee on 30-year fixed-rate mortgages was unchanged from last week at 0.5 points. The fee on 15-year mortgages fell to 0.4 points from 0.5 points last week. The average rate for five ...

Published:  Fri, 16 Nov 2018 20:40:00 GMT



Higher mortgage rates and unsettled stock market scare off potential homebuyers

according to the Mortgage Bankers Association. Purchase applications declined by 2.3 percent and hit their lowest volume since February 2017. Refinance activity also slowed. The number of refinance ap...

Published:  Wed, 14 Nov 2018 06:10:00 GMT



FHA: No PLF changes for reverse mortgages

The Federal Housing Administration released its 2018 Report to Congress on Thursday, revealing that the reverse mortgage program continues to be a drain on its flagship Mutual Mortgage Insurance Fund. ...

Published:  Thu, 15 Nov 2018 13:15:00 GMT



Weekly mortgage applications drop 3.2%, hit by tanking stocks and rising rates

"Both home purchase and mortgage refinance applications decreased over the week, driven largely by declines in conventional applications." Mortgage applications to purchase a home fell 2.3 percent for ...

Published:  Wed, 14 Nov 2018 03:00:00 GMT



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