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      January 18, 2019

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Lending Tree 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 Lending Tree 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
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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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.

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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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The decline in home borrowing rates in recent weeks has been a spur to prospective homebuyers, reflected in a spike in applications for mortgages. The recent easing of rates has come amid steep ...

Published:  Thu, 17 Jan 2019 09:03:00 GMT



Mortgage rates stand pat as federal shutdown creates uncertainty about economy

The refinance index jumped 19 percent from the previous week, while the purchase index climbed 9 percent. The refinance share of mortgage activity was at its highest level in nearly a year, accounting ...

Published:  Thu, 17 Jan 2019 07:28:00 GMT



Senior Life: How cash-out refinancing can turn into a costly mistake

Whether it's time for a new roof or you need to consolidate debt, you may see a traditional cash-out mortgage refinance as the ideal tool to access the money you need. However, if you're considering a ...

Published:  Thu, 17 Jan 2019 18:14:00 GMT



The 4 most common mortgage and real estate scams and how to stop them

What it looks like: Loan flipping is when a predatory lender persuades a homeowner to refinance their mortgage repeatedly, often borrowing more money each time. The scammer charges high fees and point...

Published:  Tue, 15 Jan 2019 21:55:00 GMT



Why mortgage lending at Wells Fargo, Chase and Citi plunged

In other words, fewer people want to take out mortgages from us, and those who do aren't as profitable for us. Banks spent the early years of the post-financial crisis recovery fleeing the mortgage ma...

Published:  Wed, 16 Jan 2019 09:50:00 GMT



Mortgage applications surge 13.5% as borrowers rush to take advantage of lower rates

Volume was just 0.5 percent lower than a year ago. Refinance demand drove the gains, with those applications rising 19 percent for the week to the highest level since last March. Mortgage demand conti...

Published:  Wed, 16 Jan 2019 04:00:00 GMT



Better Mortgage Launches Emergency Refinance Program to Help Government Workers Currently Furloughed or Working without Pay

NEW YORK, Jan. 17, 2019 /PRNewswire/ -- Better Mortgage, one of the leading digital mortgage lenders in the U.S., today announced that it has launched a mortgage refinance program called Shutdown Reli...

Published:  Wed, 16 Jan 2019 21:25:00 GMT



UPDATE 1-U.S. mortgage applications climb to 11-month high - MBA

The interest rates on 30-year fixed-rate mortgages averaged 4.74 percent for a second week, the lowest since late April, as U.S. bond yields have been held down by concerns partly due to slowing econo...

Published:  Wed, 16 Jan 2019 06:30:00 GMT



MBA: Mortgage applications push forward

MBA Senior Vice President and Chief Economist Mike Fratantoni said mortgage applications rose to their strongest level in years last week, with purchase applications rising to the highest since 2010, ...

Published:  Wed, 16 Jan 2019 04:53:00 GMT



Inside Reverse Mortgage Alternatives: QuantmRE

The leadership team behind a new equity release product made available at the end of 2018 understands that it is competing with standard home equity conversion products like reverse mortgages, but als...

Published:  Wed, 16 Jan 2019 22:35:00 GMT



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