Rate Marketplace Home Equity Loans Review

#3 in Home Equity Loans

RateMarketplace is an online marketplace that offers a large network of lenders for home equity borrowers. It is an Equal Housing Opportunity Lender that provides multiple types of home equity loans. It gives consumers an online resource for mortgage rates, loans, and gives them multiple quotes in one screening.

Services and Features

RateMarketplace offers consumers a wide choice of home equity lenders to choose from. It also works as an online resource for mortgage rates, home equity loans, and insurance quotes. It lets users get up to 5 quotes from different lenders in a single screening. It also helps educate consumers by providing financial guides about Mortgage, Insurance, Credit, and Personal Loans.

RateMarketplace connects borrowers with local companies and lenders across the USA. Its online search feature lets borrowers quickly find a local home equity loan lender that matches their specific needs. With its simple online form, users can obtain quotes for free and without obligations.

Lenders affiliated with RateMarketplace allow users to choose the type of home equity loan needed. Borrowers who are 62 years old and above, has a home that is primarily where he or she resides is qualified for this type of loan as well as a reverse mortgage. With home equity loans, borrowers can use the market value of their home as guarantee for a particular loan amount.

 

Services and Features

Home Equity Mortgage Calculator

Refinancing

Online Quotation

Online Application

Financial Guide

HELOC Draw Period

Types of Home Equity Loans

Fixed Rate Loans

Home Equity Lines of Credits (HELOC)

Qualifications

Age

62 years old and above

Credit Score (Minimum)

Varies

Primary Home Owner

Accreditations

Member of US Department of Housing and Urban Development

Member of FDIC

Insured by FHA

Approved by Equal Housing Lender

Plan Details

Origination Fee

Varies

Closing Cost

Varies

Maintenance Cost

Varies

Application Fee

Free

Variable Rate APR

Depends on the lender

Fixed Rate APR

Depends on the lender

Help and Support

Mobile App

Telephone Support

Live Chat

Email

FAQs

Home Equity Loans at RateMarketplace

RateMarketplace is an excellent resource for home equity loan shoppers. Its simple online application process makes searching for a home equity loan provider quick and easy. With a single application, borrowers are given multiple quotes from different lenders giving them the option of selecting the loam with the best terms.

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