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      February 23, 2020

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The Easy Loan Site vs Lower My Bills

Best Mortgage Refinance Companies

To help you find the Best Mortgage Refinance Programs, TopConsumerReviews.com provides you with an in-depth comparison of The Easy Loan Site and Lower My Bills.

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

2020

Mortgage Refinance Reviews

3 stars
The Easy Loan Site

THE EASY LOAN SITE

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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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1 star
Lower My Bills

LOWER MY BILLS

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Lower My Bills is a free online service that provides rate comparison information for home refinancing, home equity, debt consolidation and more. The thought is, if you can find a lower cost provider you can save money on your monthly bills.

The process of obtaining those promised free quotes was simple and included answering questions related to the type of home, your credit score range, the year of original purchase, home value, mortgage balance, 1st and 2nd mortgage information, purpose of refinance, employment status, address, phone number and a few other simple questions.

Inquiry Process:

  • Complete online request including property type, the type of loan, credit profile, purchase year, home value mortgage balances, current lender, rate info, age, address and more.
  • You're directed to some, none or up to 4 website links that take you to new companies that again require you complete the inquiry process.
  • Next step is dependant on new website you're directed to.

Once the questionnaire was completed we expected a list of rates to appear given the very detailed and personal information we had provided. However, we only received four links to different websites that wanted the same information completed. Some of those four links even provided erroneous results - furthering our disappointment. For example, we put in an Indiana address and zip code and some of the results were for Fresno California. This left us wondering what Lower My Bills was planning to do with our personal information.

If the goal of Lower My Bills was to provide convenient rate mortgage rate comparison information - they failed. If the effort was to lure people into providing personal and financial information for the purpose of potentially selling to other companies, they were successful.

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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!

I bought a condo with a subprime loan in 2004, but refinancing my mortgage means I now have cheap, stable housing in the Bay Area

Her home-buying strategy was unique, but anyone with a high mortgage interest rate can benefit from refinancing to a lower APR.

Published:  Fri, 21 Feb 2020 10:40:00 GMT



Mini-mortgage refinance boom continues as coronavirus keeps rates low

Mortgage lenders were busy last week, but mostly with current homeowners looking to take advantage of low mortgage rates. Total mortgage application volume increased 1.1% compared with the previous ...

Published:  Wed, 12 Feb 2020 12:22:00 GMT



Mortgage rates are at three-year lows - here are 5 questions to ask yourself before you refinance your mortgage

The average rate for a 30-year fixed-rate mortgage now stands at 3.45%, the lowest since 2016 Homeowners may be sitting pretty if they refinance at today's low rates - but they'll need to avoid ...

Published:  Tue, 11 Feb 2020 06:05:00 GMT



5 questions to ask yourself before you refinance your mortgage

The average rate for a 30-year fixed-rate mortgage now stands at 3.45%, the lowest since 2016 Homeowners may be sitting pretty if they refinance at today's low rates - but they'll need to avoid ...

Published:  Mon, 10 Feb 2020 10:35:00 GMT



Quontic Debuts First of Its Kind Streamline Refinance Mortgage

Quontic, the adaptive digital bank, today announced an innovative new Streamline Refinance mortgage product. Homeowners with a 660+ credit score and a 24 month timely mortgage payment history can ...

Published:  Wed, 19 Feb 2020 08:58:00 GMT



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