Best Reviews TopConsumerReviews.com Best Mortgage Refinance Programs Best Reviews
Best Reviews
      September 30, 2020

Home  >  Mortgage Refinance

Best Mortgage

Refinance Programs

  1. The Easy Loan Site
  2. Rate Marketplace
  3. Mortgage Srch 123
  4. Lower My Bills

Your Information Is Secure
Mortgages: The Complete Guide Newsletter

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!

Latest Reviews

Auto Loans

Babysitters

Christmas Cards

Credit Counseling

DUI Lawyers

Fruit Clubs

Home Brew Beer Supplies

Homeschool Supplies

Music Publishing

Senior Care

 

Individual Reviews

Quicken Loans

The Easy Loan Site

Rate Marketplace

Mortgage Search 123

Lower My Bills

 

Related Articles

The Basics of Refinancing Your Home Mortgage

What to Know Before Refinance Your Home Mortgage

The Latest News in Home Mortgage Refinancing

 

 

 

 

 

Stop Acne Today

 

 

 

 

Send Flowers today with Send Flowers!

Our professional reviewers evaluate products and services independently, but Top Consumer Reviews may earn money when you click on the links on our pages. Learn more.

Best Mortgage Refinance Better Business Bureau Reliability Seal

Best Mortgage Refinance Companies

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

5 stars
Quicken Loans

QUICKEN LOANSTopConsumerReviews.com Best-In-Class Blue Ribbon Award

Quicken Loans has a history of closing loans fast. Many loans close between 2-4 weeks, and are much quicker than the majority of lenders. We would have liked to have seen more information provided online, but we appreciate the solid reputation and excellent customer service at Quicken Loans.

Read Full Review Visit Site
3 stars
The Easy Loan Site

THE EASY LOAN SITE

The Easy Loan Site is designed to match prospective clients with various mortgage refinance lenders. The process of searching for potential is straightforward but the website lacks all the bells and whistles that the higher ranked companies provide.

Read Full Review Visit Site
2 stars
Rate Marketplace

RATE MARKETPLACE

Rate Marketplace promises to match loan refinance companies with borrowers. However, what we found was that they simply sent us on to other mortgage referral companies. We felt this was both frustrating and a waste of our time. For those seeking assistance finding a competitive refinance loan, we recommend you choose a higher rated company on our list.

Read Full Review Visit Site
1.5 stars
Mortgage Search 123

MORTGAGE SEARCH 123

Mortgage Search 123 lacked the necessary credentials and information we were looking for to become comfortable with providing them any of our personal information. We also didn't like that their only focus was on saving homes from foreclosure.

Read Full Review Visit Site
1 star
Lower My Bills

LOWER MY BILLS

Lower My Bills left us disappointed with the results their website provided. After taking the time to complete personal information regarding our mortgage, employment history and more we received four links to more websites where we had to start the inquiry process all over. Lower My Bills left us in the dark and wondering what they did with our personal information.

Read Full Review Visit Site

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!

Tips on Refinancing Your Mortgage

Record low interest rates are pushing people to consider refinancing their home mortgages. There are several reasons to consider refinancing your home.

  • Lower your interest rate. With decreasing interest rates, you can lower your monthly payment and the amount you pay in interest over time on the amount of your mortgage. Once you refinance, it's easy to want to refinance every time the interest rates drop. However, by doing so, in the long run you will end up paying more in closing costs. Consider only financing when you can save 2 percent or more in interest.
  • Get a different type of loan. Your current mortgage may no longer be suitable or financially viable. For instance, if you currently have an Adjustable Rate Mortgage (ARM), you may want to switch to a Fixed Rate Mortgage to lock in low interest rates.
  • Rid yourself of a balloon payment. If your current mortgage requires payment of a large balloon payment at the end of a specified period of time, you may want to refinance and negotiate a different type of loan so that you're no longer required to pay a balloon payment.
  • Consolidate debt. With record low interest rates, now is an excellent time to refinance your mortgage and consolidate some of your other debt into a home loan with a lower interest. Other types of debt such as car loans, credit card bills and school tuitions, typically have higher interest rates than home mortgages. These, as well as other types of debt, can be rolled into your home mortgage allowing you to take advantage of the lower interest rates than what these loans have.
  • Cash in on home equity. You may want to refinance in order to get cash out of your home equity for large expenditures such as a child's college tuition, home remodeling projects or a new car purchase.

Homeowners may face many challenges in the refinancing process. Low credit scores and depreciating property values can keep you from getting the refinancing you desire.

Also, there are times when it is best not to refinance. For example, if you anticipate moving or selling your house before you experience significant savings from refinancing then it might not be the best time to refinance. On the same note, if you've paid into a 30-year mortgage for 15 years or more, and you're considering refinancing into another 30-year mortgage, refinancing may not be the right answer as this option may end up costing you more in the end.

Refinancing your mortgage can save you money. Be sure it's the right option for you by researching terms and interest rates online before you sign on the dotted line.

 

18M homeowners missing out on mortgage refinance savings, study says

A new report from Black Knight shows that 18 million homeowners stand to save by refinancing their home loan. Are you one of them?

Published:  Mon, 28 Sep 2020 05:53:00 GMT



4 steps to a smooth mortgage refinance at a rock-bottom rate

Today's mortgage rates are still among the lowest ever seen, with some lenders offering 30-year fixed-rate refinance lows at 2.50% or lower. If you're a homeowner with an existing mortgage, you might ...

Published:  Sat, 26 Sep 2020 07:42:00 GMT



Mortgage Refinancing Boom Is Too Automated

(Bloomberg Opinion) -- The Covid-19 pandemic has unleashed numerous unexpected economic consequences. One that has turned out to be good for the economy but could end up being disastrous is the boom ...

Published:  Sat, 26 Sep 2020 12:18:00 GMT



Refinancing My Mortgage Was Easy -- and Saved Me Thousands

I lowered my monthly payment and had an excellent experience when I refinanced my mortgage. Find out how you can refinance quickly and with minimum hassle.

Published:  Fri, 25 Sep 2020 11:45:00 GMT



Current Refinance Rates, September 28, 2020 | Rates increase

Several key refinance rates notched higher today. If you haven't locked a refinance yet, see how your finances could be affected.

Published:  Mon, 28 Sep 2020 04:32:58 GMT



How Long Will Low Mortgage Rates Last?

Mortgage rates are near record lows. No one can predict how long it will last, but signs suggest rates may stay low for a while, which is encouraging for homebuyers.

Published:  Mon, 28 Sep 2020 08:41:00 GMT



Current 30 Year Mortgage and Refinance Rates, September 28, 2020 | Rates move up

30-year purchase and refinance rates rose today.. If you're shopping for a home loan, see how your payments might be affected.

Published:  Mon, 28 Sep 2020 03:30:31 GMT



Why Warren Buffett would say to refinance your mortgage now

If you're a homeowner, have you refinanced your mortgage lately - to slash your interest rate and monthly payment? Maybe you've been putting it off, even though a new refinance fee is threatening to ...

Published:  Tue, 22 Sep 2020 08:39:00 GMT



Mortgage Interest Rates Barely Move Above Lowest Levels On Record

The past two weeks have seen mortgage interest increase, but the increase has been so small that rates are still close to the lowest they have ever been. They closed out last week at 2.90%, according ...

Published:  Mon, 28 Sep 2020 07:31:00 GMT



Refinancing Your Mortgage Is About to Get More Expensive

Higher costs lurk even before the adverse market fee kicks in on Dec. 1. Here's how to play it smart.

Published:  Wed, 23 Sep 2020 10:35:00 GMT



Our Latest Reviews

Auto Loans

Auto Loans

Babysitters

Babysitters

Christmas Cards

Christmas Cards

Credit Counseling

Credit Counseling

DUI Lawyers

DUI Lawyers

Fruit Clubs

Fruit Clubs

Home Brew Beer Supplies

Home Brew Beer Supplies

Homeschool Supplies

Homeschool Supplies

Music Publishing

Music Publishing

Senior Care

Senior Care

Share Us!   

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure