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      November 15, 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!

Everything you need to know to refinance your mortgage

Refinancing a mortgage means you get a new home loan to replace your existing one. If you can refinance into a loan that has a lower interest rate than you're currently paying, you may be able to save ...

Published:  Fri, 15 Nov 2019 10:05:00 GMT



How to refinance your mortgage and save money every month

Refinancing a mortgage can help you secure a lower mortgage interest rate, reduce your monthly payments, or access some of your home's equity.

Published:  Wed, 13 Nov 2019 14:37:00 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:  Fri, 15 Nov 2019 10:20:00 GMT



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



2020 Housing Outlook: Expert Predictions For Mortgage Rates, Home Prices, Tech And More

Mortgage rates currently sit at 3.75%, according to Freddie Mac's most recent numbers-nearly a 1% difference from the monthly average a year ago. The drop in rates caused a surge in refinancing over ...

Published:  Fri, 15 Nov 2019 06:07:00 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 15:55:00 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



Auto loans, mortgages drive Q3 household debt higher

which include mortgage refinancing, stood at $528B vs. $445B a year earlier. Credit standards tightened slightly, with median credit score of newly originating mortgage borrowers rising to 765, a ...

Published:  Wed, 13 Nov 2019 17:22:00 GMT



As Mortgage Apps Surge, Customer Satisfaction Plummets, New Report Shows

"Mortgage originators have been consistently transforming their businesses by adding self-service technology tools and reducing customer-facing staff, but when put to the test by an unexpected surge ...

Published:  Thu, 14 Nov 2019 04:04:00 GMT



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