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      July 13, 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.

Continue reading below reviews

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!

Is it time to refinance your mortgage?

With mortgage rates at an all-time low, refinancing is a hot topic for homeowners, as a refinance could potentially lower the interest rate on your mortgage and save you money in the long term. But ...

Published:  Mon, 13 Jul 2020 06:57:00 GMT



Refinancing your mortgage could put cash in your pocket - here's how to find out if it's right for you

Low rates have many Americans looking to refinance, yet several factors should be taken into consideration before you sign on the dotted line.

Published:  Wed, 08 Jul 2020 12:19:00 GMT



Refinance your mortgage before record low rates disappear

Housing volatility could impact rates later this year. Here's why refinancing your mortgage now could be a smart money move.

Published:  Wed, 08 Jul 2020 05:42:00 GMT



Current Refinance Rates, July 13, 2020 | Rates tick lower

Several closely watched mortgage refinance rates slid lower today. Average rates nationwide for 30-year fixed and 15-year fixed refinances both receded. Meanwhile, the average rate on 10-year fixed ...

Published:  Mon, 13 Jul 2020 04:32:59 GMT



Is Your Mortgage Forbearance Ending Soon? What To Do Next

Mortgage forbearance has offered temporary relief for struggling homeowners. But with many of these programs expiring soon, what are their options now?

Published:  Mon, 13 Jul 2020 04:28:00 GMT



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