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      August 18, 2019

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LendingTree vs The Easy Loan Site

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 The Easy Loan Site.

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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3 stars
The Easy Loan Site

THE EASY LOAN SITE Visit Site

The Easy Loan Site is a no frills mortgage refinance site that focuses on connecting consumers with mortgage lenders based on each consumers situation. The Easy Loan Site has an A rating from the Better Business Bureau and is Norton secure certified, so we had a feeling of reliability from the start.

The website as we said is no frills, to a fault. There are no investment research tools, market analysis or any of the other helpful features we found on some other mortgage refinance sites. The main page simply states the company name, advertises the lowest rate available today, and tempts clients to “lock in now.” There is a simple drop down menu box from which you select the type of loan you are looking for (new mortgage, refinance, or equity loan) and then continues to take you through a long list of questions designed to determine which lenders could provide the best deal based on the requirements of the client.

Inquiry Process:

  • Complete online application with type of loan, amount, credit rating estimate, location, and description of the property
  • See a list of 3-5 potential lenders and their rates, with contact information
  • Receive calls from potential lenders 24+ hours later

The process for filling out the online form is made very simple with the use of this drop down window. In less than a minute we were able to navigate through the various questions and get to a screen that showed us three competing lenders with rates that looked fairly competitive. We were also given notice at that point that we would be contacted by lenders within 24 hours.

Everything worked as it should, but the experience left us a little unimpressed because the site offered so little other than a basic loan search engine. With no research tools or any other information, The Easy Loan Site may be a fine place to look for a mortgage lender but a basic search engine is about all they offer.

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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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Falling rates touch off a boom in mortgage refinancing

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Published:  Sat, 17 Aug 2019 22:19:00 GMT



Fannie Mae predicts surge in mortgage refinancing following Fed rate cut

It is expected that 35% of all new mortgages in 2019 will be made up of refinanced mortgages, according to a report from Fannie Mae (FNMA) out on Thursday. This is up from 29% in 2018 and suggests ...

Published:  Thu, 15 Aug 2019 05:36:00 GMT



Mortgage-Refinancing Rush Is On as 35% of Mortgages Now Eligible for Lower Rates

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Published:  Thu, 15 Aug 2019 09:40:00 GMT



Drop in mortgage rates is a boon for homebuyers and refinancing

Worries about the world economy and the shaky stock market have given homebuyers a windfall. Home mortgage rates have plunged to near historic lows, making it much cheaper to finance a property ...

Published:  Fri, 16 Aug 2019 04:00:00 GMT



Mortgage rates rest near historic lows as the specter of a recession roils markets

Read more: Mortgage rates haven't been this low since 2016 - here's how to decide whether to refinance your home loan The inverted yield curve won't have a direct effect on mortgage rates, though, ...

Published:  Thu, 15 Aug 2019 08:07:00 GMT



I'm refinancing my mortgage. Do I need to hire an attorney?

A. A refinance is a bit different. Generally, most refinances in New Jersey can be handled directly between the borrower, the mortgage lender and a settlement agent - usually a title company - that's ...

Published:  Thu, 15 Aug 2019 13:03:00 GMT



Mortgage rates level off at multiyear lows as investors stay away from mortgage-backed securities

Mortgage-backed securities are investments in mortgages that have been bundled together. Most MBS are guaranteed by Fannie Mae or Freddie Mac. "Concerned about early mortgage payoff in a falling rate ...

Published:  Thu, 15 Aug 2019 08:23:00 GMT



Real-Estate Matters | Divorce decree supports ex-spouse, so refinance house

You also stated that the decree requires you to refinance the loan and take his name off the loan ... then his credit score will take a hit and possibly prevent him from securing a mortgage. And, just ...

Published:  Sun, 18 Aug 2019 01:49:00 GMT



New FHA Guidelines Expand Access To Condo Mortgages

The Federal Housing Administration issued new guidelines Wednesday that aim to streamline the agency's approval process for condominium projects. The long-awaited regulations are designed to promote ...

Published:  Thu, 15 Aug 2019 05:10:00 GMT



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