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      November 13, 2019

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LendingTree 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 LendingTree and Mortgage Search 123.

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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1.5 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!

How to save money on mortgage refinancing fees: Money Matters

These add up to $1,170. The problem is they're disproportionately high compared to your loan amount. The biggest questions I had, besides lower lender fees: Can you get a discount on your title ...

Published:  Sun, 10 Nov 2019 09:57:00 GMT



Homeowners: Why a refinance now could pay off big

This reminded me of one big way Brad and I took advantage of lowered interest rates this year that I wanted to share: our mortgage refinance story. For those of you whose eyes glaze over when I begin ...

Published:  Wed, 13 Nov 2019 01:05:00 GMT



How to know when to refinance your mortgage

When mortgage rates fall as they have in 2019, many homeowners refinance their loans. While refinance activity is up dramatically over last year, that doesn't mean it's always a smart move. Knowing ...

Published:  Tue, 12 Nov 2019 03:41:45 GMT



Mortgage Applications Spike in the Face of Rising Rates

Home borrowing has taken off again, with mortgage applications hitting their highest level in over a month, according to an industry group. And that's not all: The number of refinance applications is ...

Published:  Wed, 13 Nov 2019 13:20:00 GMT



Weekly mortgage applications jump to highest level in over a month, as borrowers worry that lower rates may be over

Mortgage application volume rose 9.6% last week compared with the previous week, according to the Mortgage Bankers Association. Refinance demand, which is most sensitive to small rate moves, increased ...

Published:  Wed, 13 Nov 2019 10:50:00 GMT



Refinancing my mortgage lowered my monthly payment by $200, but I wish I'd known 5 things beforehand

The author and her husband bought a house in 2017 in hopes of paying less for a mortgage than they were spending on rent.

Published:  Tue, 05 Nov 2019 10:47:00 GMT



Up 19% On Cherry Hill Mortgage Investment And Still Bullish

The main fundamental headwind for CHMI was a rapid decrease in interest rates. Lower mortgage rates encouraged many homeowners to refinance, which hurts CHMI's profitability. Our thesis on CHMI ...

Published:  Mon, 11 Nov 2019 15:52:00 GMT



Refinance rates tick higher for Tuesday

A month ago, the average rate on a 30-year fixed refinance was higher, at 3.85 percent. At the current average rate, you'll pay $467.67 per month in principal and interest for every $100,000 you ...

Published:  Tue, 12 Nov 2019 04:32:56 GMT



How to get the best mortgage refinance rates: Tips for comparing lenders and loan estimates

Ready to get the best mortgage refinance rates? Here's how. Make sure your credit and debt are in check Compare multiple loan quotes Consider discount points to lower your rate Make sure your credit ...

Published:  Wed, 13 Nov 2019 04:52:00 GMT



What Is Mortgage Refinancing?

But if you're having a hard time keeping up with your mortgage, or simply want to save money on your housing expenses, it could be beneficial to look into refinancing your mortgage rather than seeing ...

Published:  Fri, 01 Nov 2019 13:57:00 GMT



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