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      November 15, 2018

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  4. Mortgage Srch 123
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Quicken Loans 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 Quicken Loans 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

2018

Mortgage Refinance Reviews

4 stars
Quicken Loans

QUICKEN LOANS Visit Site

Toll-Free Number:

877-715-0889

Quicken Loans have been in business for over 25 years and currently has an A+ rating by the Better Business Bureau. Their name is a good representation for the turnaround time it takes for their loans to close. Most loans close between 2-4 weeks, which is considerably quicker than the majority of lenders.

The website is well designed and easy to follow. You can start the loan inquiry process online for free, however an application fee exists if you decide to move forward with the loan presented by Quicken. This fee to is to cover the cost of pulling your credit score and managing the process.

Inquiry Process:

  • Complete online request identifying mortgage goal, mortgage amount, home value, credit rating, contact information and more
  • A Home Loan Expert calls to verify your credit score and discuss your refinance goals
  • Get matched to a loan
  • Make a deposit to cover the loan processing costs

Quicken Loans offers a full-service, well designed website that helps you learn more about mortgages, refinancing, credit scores, and much more. Quicken Loans also provides credit repair information, in case you want to raise your credit scores.

With a strong reputation, we know that Quicken Loans has a lot to offer. They have an excellent history, closing thousands of loans in the last 25 years, and have a great customer service team. We would have liked to have seen more information provided online before speaking with a loan representative, but that's just a minor quibble. If you're looking for a quick mortgage refinance, Quicken Loans (877-715-0889) is a great place to start.

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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!

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Published:  Tue, 13 Nov 2018 04:41:00 GMT



Speeding Up Mortgage Application Times: "˜Future of Real Estate' Gets Regulatory Approval

It takes months for mortgages to be finalized, but a blockchain startup aims to speed the process up by improving the flow of information in the industry A blockchain-based startup which bills ...

Published:  Tue, 13 Nov 2018 04:08:00 GMT



Arizona continues to reduce mortgage delinquencies, new report shows

Overall, the U.S. saw a decline in delinquency rate, or the percent of total mortgages at least 30 days behind payment or in foreclosure, from 4.7 percent in July 2017 to 4.1 percent in July 2018, acc...

Published:  Tue, 13 Nov 2018 02:00:00 GMT



Should you pay off your mortgage before you retire

Most people would be better off not having mortgages in retirement. Relatively few will get any tax benefit from this debt, and the payments can get more difficult to manage on fixed incomes. But reti...

Published:  Sat, 10 Nov 2018 07:00:00 GMT



CoreLogic Loan Performance Insights Find the Overall US Mortgage Delinquency Rate in August Fell to the Lowest Level in More Than 12 Years

The report shows that, nationally, 4 percent of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in August 2018, representing a 0.6 percentage ...

Published:  Tue, 13 Nov 2018 05:27:00 GMT



'The Best Mortgage Advice I've Heard, Ever'

When it comes to mortgages, there's an avalanche of advice out there-some good, some bad, and some that's flat-out great. You know, the type of wisdom that makes you so grateful you heard it, it stick...

Published:  Mon, 12 Nov 2018 03:54:00 GMT



1st Reverse Mortgage USA Brings Reverse Mortgages to Forward Lending

With a rapidly aging population, rising interest rates, and forward loan officers looking for alternatives for their borrowers, 1st Reverse Mortgage USA is working to bridge the gap between forward an...

Published:  Mon, 12 Nov 2018 14:46:00 GMT



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