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      January 19, 2020

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Lower My Bills Review

Best Mortgage Refinance Companies

To help you find the Best Mortgage Refinance Programs, TopConsumerReviews.com provides you with an in-depth Lower My Bills Review.

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.

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Best Reviews

2020

Mortgage Refinance Reviews

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!

4 key questions to ask now before you decide to refinance your mortgage

With 30-year mortgage rates at historic lows, more homeowners are refinancing. But before you sign on the dotted line, ask yourself these four key questions.

Published:  Thu, 16 Jan 2020 10:40:00 GMT



Falling Mortgage Rates Set Off a Stampede of Borrowing

Mortgage applications have surged more than 30% as Americans flock to take advantage of the lowest mortgage rates in months, a trade group said Wednesday. "The mortgage market saw a strong start to ...

Published:  Wed, 15 Jan 2020 17:47:00 GMT



Weekly mortgage applications soar 30% as homebuyer demand hits the highest level in 11 years

Purchase application volume hit the highest level since October 2009, rising 16% for the week and 8% from a year ago, according to Mortgage Bankers Association data. It was a seriously strong start to ...

Published:  Wed, 15 Jan 2020 17:19:00 GMT



Mortgage rates up slightly in wake of China trade agreement

According to the latest data from the Mortgage Bankers Association, the market composite index - a measure of total loan application volume - increased 30.2 percent last week. The refinance index ...

Published:  Thu, 16 Jan 2020 07:46:00 GMT



Better.com Awarded NerdWallet's Best Mortgage Lender for Refinance 2020

Better.com, one of the fastest-growing homeownership companies in the country, was today awarded NerdWallet's 2020 Best-of Award winner within the Best Mortgage Lender for Refinance category. This ...

Published:  Wed, 15 Jan 2020 06:26:00 GMT



As Mortgage Rates Dive, Home Construction Soars

Helped by super-low mortgage rates, U.S. homebuilding soared to a 13-year high this past December - up a full 16.9% since November. New residential construction, known as housing starts, started on 1.

Published:  Sat, 18 Jan 2020 05:10:00 GMT



Refinance mortgage rate ticks higher for Tuesday

Refinance rates were mixed, but one key rate climbed higher. If you're shopping for a refi, see how that could affect you.

Published:  Tue, 14 Jan 2020 04:32:57 GMT



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