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      October 17, 2019

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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

2019

Mortgage Refinance Reviews

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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1 star
Lower My Bills

LOWER MY BILLS Visit Site

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!

Weekly mortgage refinance applications rise, even as home purchase demand falls

Mortgage interest rates rose last week, but that didn't throw any cold water on the mini-refinance boom that's been going on for the last month. Applications to refinance a home loan rose 4% from the ...

Published:  Wed, 16 Oct 2019 09:00:00 GMT



Four Things To Consider Before You Refinance Your Mortgage

Refinancing a mortgage refers to getting a new mortgage to replace the original one. It can be a strong tactic for borrowers with good credit history in search of a lower fixed interest rate instead ...

Published:  Tue, 15 Oct 2019 05:24:00 GMT



Big Banks' Mortgage Operations Lose Cash-Cow Status on New Rules

For the biggest U.S. banks, a mortgage refinancing boom once would've meant a dependable stream of profits that could swing a quarter. Those days appear to be over. At Wells Fargo & Co., the nation's ...

Published:  Tue, 15 Oct 2019 13:51:00 GMT



Mortgage Rates Drop Again - Sparking More Interest in Home-Loan Refinancing

... Mortgage rates fell yet again on a weekly basis thanks to the declining yield on ...

Published:  Mon, 14 Oct 2019 23:53:00 GMT



Consumer Loans, Mortgages to Aid JPMorgan (JPM) Q3 Earnings

lower mortgage rates, which drove the refinancing activities, are expected to have partially offset the woes. Net interest income not of much support: A dismal lending scenario - mainly in the areas ...

Published:  Fri, 11 Oct 2019 06:55:00 GMT



UPDATE 1-Dutch cbank: banks must hold 3 bln euros extra capital for mortgages

It said it would increase the average risk weighting for mortgages to 14%-15% from the current 11%. In the report, the bank also warned that continuing low interest rates pose a challenge to stability ...

Published:  Mon, 14 Oct 2019 23:33:00 GMT



Why are Kenyans avoiding mortgages?

The issue of mortgages has been a dicey one in Kenya with a number of risk factors cited as impediments to home ownership. Interestingly, these factors have hardly changed over the years despite ...

Published:  Thu, 17 Oct 2019 01:00:00 GMT



Number of first-time buyer mortgages handed out reached 12-year high in August

The number of mortgages being handed out to first-time buyers jumped to a 12-year high in August, figures from a trade association show. Housing market experts suggested that stamp duty relief for the ...

Published:  Tue, 15 Oct 2019 02:12:32 GMT



Miami, Orlando homebuyers most likely to be denied mortgages, report finds

Although nationwide mortgage denials are at an all-time low since the housing crisis, homebuyers are most likely not to get loans in Miami, Orlando and other Florida cities, a new report found. The ...

Published:  Mon, 14 Oct 2019 14:38:00 GMT



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