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Rate Marketplace Mortgage Refinance Review

Rating: 7.9 / 10 (Very good)
Disclosure: We receive advertising revenue from this partner.
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RateMarketplace is a convenient online resource that matches customers with leading lenders from across the nation and presents them with a shortlist of mortgage refinance options with competitive rates. RateMarketplace currently boasts an A rating from the Better Business Bureau.

Looking to save money by reducing your monthly mortgage payments?  Need to take cash out of your home?  Want to reduce the term of your mortgage loan?  RateMarketplace is your solution.  

RateMarketplace is an online resource for homeowners searching for the best mortgage refinancing rates. It matches homeowners with its national and regional mortgage lender partners to find a mortgage refinancing solution designed to meet their unique needs. The entire process is done online and get multiple quotes in as little as a few minutes. The service is free and does not require any credit checks or SSN submission.   


Types of Home Refinancing Mortgages

  • Fixed Rate Mortgages (30 year and 15 year)
  • Adjustable Rate Mortgages (5/1 ARM)
  • FHA Loans (Streamline FHA loans for consumers currently in an FHA loan)
  • VA Loans (Streamline VA loans for consumers currently in a VA loan)


Other home loan options

  • Cash-out refinance
  • Debt consolidation
  • Home equity
  • Home refinance


Qualifying for Mortgage Refinance

Generally, qualifying for mortgage refinancing at RateMarketplace requires fair credit scores and at least two years employment. Qualifying with a lower credit score is still possible because the site makes it possible for multiple lenders to compete for your business.


Credit Score

620 or better

Income to Debt Ratio

50% or more

Years Employed

2 years

Loan Terms

Up to 30 years


Things you will need

  • Current mortgage information
  • Homeowners insurance
  • Property tax bill
  • Prior closing documents
  • Latest payroll stubs
  • W-2 forms
  • Most recent bank statements


Refinance Mortgage Rates

On average, mortgage rates were a few percentage points higher compared to national averages. This of course is influenced by a variety of factors including a homeowner’s credit worthiness or history. The possibility of getting multiple quotes however allows homeowners to choose a mortgage lender that offers the best mortgage rate.


Why Mortgage Refinance at RateMarketplace

RateMarketplace makes it easy to find the right lender for your mortage refi needs. Their site is not a direct mortgage lender but a mortgage refinancing matching service. It makes searching for a lender easier with its online submission form. Completing the form can be done in a matter of minutes and instantly get 5 free quotes. Positives includes no hidden fees, no credit checks and no SSN submission.  Other home loan-related services are also available to give homeowners more option when addressing their mortgage payment needs.

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Customer Comments & Reviews

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Our Partner
7.9 / 10
  • FREE online mortgage service to match you to the best lenders
  • Rates as low as 2.75% (3.12% APR*) - (5/1 ARM)
  • No SSN Required to be matched
  • Home Purchase, Refinance & Home Equity Products
  • Fixed rate & Adjustable rate loan options available