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Refinance | Top Companies: This Week's Reviews |
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| Services Offered:
Credit and banking solutions for all consumers.
Online-only banking and lending for credit cards,
checking, loans, and other services. |
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| Company Overview:
Bank of Internet was established in 1999. They are an
FDIC insured online-only lender, allowing customers to
get better interest rates on credit products. The
company is headquartered in San Diego, but offers credit
solutions to customers across the U.S. via the internet.
They have over $1 billion in assets, proving them to be
a safe choice for credit needs |
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| Our Review:
Bank of Internet is one of our favorite companies for
refinancing your home or auto loan. Even in this
economy, they still have great lending options for
consumers. Their website, as always, is well designed
and easy to navigate, and the customer service is
amazing. |
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| User Review:
I didn’t think I’d ever find someone who’d let me
refinance my home, but Bank of Internet was quick to
give me an approval so that I could save my home from
foreclosure. With my husband losing his job, we were
worried we didn’t have a chance, but Bank of Internet
gave us a fresh start, and we’re forever grateful. |
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| Services Offered:
Refinance, Home Mortgage, Home Equity Loan, Debt
Consolidation |
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| Company Overview:
Quicken Loans was established more than 20 years ago.
They currently have over 4,000 employees and offer 150
different loan programs for consumers. They also have a
customer satisfaction rating of 94% for completed
transactions. |
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| Our Review:
Quicken Loans is a great company. They have so many
programs to choose from that consumers are sure to find
what they need. With the great service and easy to use
website, it’s no wonder the company has remained stable,
even in this unstable economy. |
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| User Review:
Quicken gave me a chance, which is more than I can say
for most banks. I never thought I’d find a refinance
loan so that I could make my home more affordable, but
they actually gave me a few different options for
refinancing, which was great. And the customer service
was amazing! |
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| Services Offered:
Refinance, home loan, auto loan, student loan, payday
loan, personal loan |
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| Company Overview:
LoanWeb was founded in 1996 as a part of iHomeowners,
Inc. They belong to one of the oldest internet marketing
companies in the U.S. They also have an average annual
growth of 94%. They work with a network of lenders to
help consumers get the refinance loans they need. They
were listed in Inc. Magazine in 2004 as a member of the
Inc. 500. |
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| Our Review:
LoanWeb is a great company that can be a lifesaver when
you need to refinance your home or auto. Their network
of lenders is extensive, and the services that they
offer are great. It doesn’t matter if you’re an avid
internet user or not, because their site is easy to use,
and the forms are simple to fill out. Their customer
service is very attentive, as well. |
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| User Review:
LoanWeb helped me to find the perfect refinancing
options for my needs, and I couldn’t have asked for a
better service. I filled out their form, and in just a
few minutes I had offers from two or three different
places. I know it’s not the best time to get a home loan
of any kind, but I needed to make mine more affordable,
and they were able to help. |
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| Services Offered:
Refinance rates, mortgage information, refinancing
quotes |
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| Company Overview:
MortgageLoan.com has been offering refinance calculator,
mortgage rates, and refinancing information to consumers
since 1995. They are located in Florida. The interest
rates that they quote are required to have a 30-day
lock-in period. They have helped millions of customers
and served as a connection for consumers and lenders for
more than 10 years. |
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| Our Review:
MortgageLoan.com won’t be able to actually give you the
loan to refinance your home, but they can provide you
with refinancing rates, a refinance calculator, and
information on how to know whether refinancing is the
right choice for you. Their information is very
consumer-friendly, making the site easy to use. Also,
they are very open with information, and their customer
service is outstanding. |
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| User Review:
Given the state of the economy, I was timid about trying
to refinance my home. I went to MortgageLoan.com and
found all of the information I needed, along with rate
calculators and quotes for what I could expect to pay,
based on my loan amount and location. I was impressed
with the service. They even kept the information simple
so that it’s understood easily, which I appreciated
because I don’t know a lot about mortgages or lending. |
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Other Top Companies for
Refinance : |
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How to Decide Whether to Refinance or Not: |
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When it comes
to getting a refinance loan, there are many things to
consider before you just start applying with different
companies. First, what are you refinancing? Whether you
refinance your home or your car will make an impact on
your final decision to refinance. Most of the time when
it comes to refinancing, people are looking to refinance
their homes. Your next decision to make will be to
determine why you want to refinance your home, and
whether that’s a rational, wise reason or not. For
example, if you just want to refinance because you can
and you want the equity from your home to spend on
something you don’t need, that would be a bad reason to
refinance. If, on the other hand, you’re looking to get
a lower interest rate so that you can save your home
from potential foreclosure, that would be a valid reason
to refinance. Once you’ve determined that you’re
refinancing for the right reasons, you can use a
refinance calculator to see what kind of rates you can
get, as well as what your payments would be like based
on those rates. Using a refinance calculator is a great
tool, because it allows you to see your options before
you even apply for a loan. These two aspects of
preparing to refinance are the ones that will help you
to make your final decision. Given the economy, which
isn’t going to get better any time soon, you may be hard
pressed to find a loan, so having the best credit
possible as well as a valid reason for refinancing will
be a must. If you’ve got a good reason, can get a good
rate, and can actually find a bank to approve a loan for
you, then refinancing is the right option for you.
Otherwise, you might want to hold off for a bit and
re-evaluate your decisions.
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