Best Reviews TopConsumerReviews.com Best Mortgage Refinance Programs Best Reviews
Best Reviews
      June 16, 2019

Home  >  Mortgage Refinancing  >  LendingTree vs Rate Marketplace

Best Mortgage

Refinance Programs

  1. Quicken Loans
  2. The Easy Loan Site
  3. Rate Marketplace
  4. Mortgage Srch 123
  5. Lower My Bills

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!
  • Compare

Your Information Is Secure
Mortgages: The Complete Guide Newsletter

Latest Reviews

Cruise Vacations

Fruit Baskets

Government Grants

Learn to Read Programs

Menopause Relief

Online Fitness

Paid Surveys

Personal Trainers

Pet Meds

Scabies

 

Individual Reviews

LendingTree

Quicken Loans

The Easy Loan Site

Rate Marketplace

Mortgage Search 123

Lower My Bills

 

Related Articles

The Basics of Refinancing Your Home Mortgage

What to Know Before Refinance Your Home Mortgage

The Latest News in Home Mortgage Refinancing

 

Our professional reviewers evaluate products and services independently, but Top Consumer Reviews may earn money when you click on the links on our pages. Learn more.

Better Business Bureau Reliability Seal

LendingTree vs Rate Marketplace

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 Rate Marketplace.

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.

Visit Site

2 stars
Rate Marketplace

RATE MARKETPLACE Visit Site

Rate Marketplace is a California based company that started in 2013. They work to match refinance, car insurance, home mortgage seekers and more with actual lenders and insurance companies. They currently hold an A- Better Business Bureau rating.

We immediately noticed that the company is not very transparent in the lender networks they partner with. Much of the information we found about the company is related to finding more lenders, their primary source of income, rather than providing the who, when and where to the mortgage refinance customer.

The website is pretty basic and, despite some information about refinancing, including a handful of mortgage articles, we found almost no helpful information. The company asks that you dive into completing their quick online form to get started. They promise that up to 5 different lenders will contact you individually to discuss loan options.

Inquiry Process:

  • You complete online request with credit type, property type, home value, mortgage balances, income, contact details and more
  • A loan expert from a partner company calls to discuss loan options
  • You choose a loan from those described to you

We liked that Rate Marketplace doesn't require our social security number to send our information on to a lender but we couldn't help but wonder who was going to contact us and when. Outside of the anticipated phone calls, we also received a list of 6 mortgage lender websites to visit. We noticed that many of the companies listed were also referral sites and weren't sure why we had to go through the effort of completing a questionnaire if we weren't going to be directed to actual lenders. As with some other refinance lead generation companies we found that Rate Marketplace was ultimately a waste of time.

Visit Site

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!

Purchase Mortgages Spark Homebuilder Stocks, More Good News To Come

A turnabout by the new home sales naysayers looks near. The reason? The consensus expectation of a 2% decrease in purchase mortgage applications was just upended by the reported 10% increase. That is ...

Published:  Fri, 14 Jun 2019 17:07:00 GMT



Applications for mortgages, refinancing spike amid low interest rates

Amid the lowest mortgage rates in almost two years, overall mortgage applications swelled last week by nearly 27 percent, according to data released Wednesday. Applications to refinance homes ...

Published:  Sat, 15 Jun 2019 07:38:00 GMT



With mortgage rates at 2-year lows, here's how to decide whether to refinance your home loan

More consumers are looking into refinances lately, but fewer people actually stand to benefit from getting a new mortgage. As mortgage rates have dropped this year, more mortgage borrowers are ...

Published:  Thu, 13 Jun 2019 07:46:00 GMT



Dark side of reverse mortgage industry: Predatory lending hits seniors

Nearly 100,000 reverse mortgages defaulted in recent years, a USA TODAY Network investigation found. Wrong incentives lure lenders and homeowners: Our view A decade after the last financial crisis, ...

Published:  Thu, 13 Jun 2019 16:54:00 GMT



Mortgage rates level off after six-week slide

According to the latest data from the Mortgage Bankers Association, the market composite index - a measure of total loan application volume - increased 26.8 percent from a week earlier. The refinance ...

Published:  Thu, 13 Jun 2019 07:23:00 GMT



U.S. mortgage applications jump to highest since September 2016: MBA

(Reuters) - U.S. mortgage applications jumped to their highest level in more than 2-1/2 years last week, led by a surge in refinancing activity, as some home borrowing costs tumbled to their cheapest ...

Published:  Wed, 12 Jun 2019 13:43:00 GMT



The Mortgage Professor: Falling interest rates encourage refinancing but often for the wrong reason

The usual reasons to refinance are to reduce the monthly payment or to raise cash. A third reason which is underappreciated is to shorten the period of indebtedness. The third motive is seldom acted ...

Published:  Fri, 14 Jun 2019 00:17:00 GMT



Mortgage lenders finally see bigger profit margins ahead as demand surges

Consumer demand for mortgages, both to purchase a home and to refinance, is way up, thanks to falling interest rates. Now lender expectations are up as well. The net profit margin outlook for mortgage ...

Published:  Wed, 12 Jun 2019 13:26:00 GMT



No deposit, no problem: 100% first-time buyer mortgages are available - but there's a catch

They were a common feature in the residential lending market before everything went belly-up with the financial crisis: 100% loan-to-value mortgages. In fact, some lenders went over 100%, helping to ...

Published:  Thu, 13 Jun 2019 17:32:00 GMT



Mortgage rates hover near two-year low as Fed meeting nears

LOW MORTGAGES: Amid economic uncertainty, lower mortgages a glimmer "Even without further declines, bond rates are 80 basis points lower than a year ago, saving home buyers $45 on a monthly mortgage ...

Published:  Thu, 13 Jun 2019 10:10:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure