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Bankrate Mortgage Refinance Review


ConsumersAdvocate.org Rating: 4.4 / 5 (Excellent)
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Bankrate began in 1976 as "Bank Rate Monitor," a print publication for the financial industry. The company moved online in 1996 and currently offers a wide variety of financial services and advice across multiple finance-related sectors. With regard to mortgage refinance, the company serves as a marketplace that features multiple offers from local and nationwide lenders.
 
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How is Bankrate Mortgage Refinance rated?

Breakdown

4.3/5
Loan Variety
4.7/5
Ease of Process
4.5/5
Customer Service and Reputation
4.0/5
Discounts and fees

Overall Rating: 4.4 / 5 (Excellent)

Bankrate Mortgage Refinance is an excellent option for comparing multiple different lenders and options from one single site. Instead of asking for personal data, and then matching borrowers with financial institutions, Bankrate posts sample rates on their website, and users can choose for themselves, giving them a greater range of options.

Loan Options

Lender Type
Marketplace
Loans Offered
Rate & Term
Cash-out
Loan Programs
FHA
VA
Conventional
HARP
Jumbo
USDA
Fixed Year Terms
30 Year Fixed
20 Year Fixed
15 Year Fixed
10 Year Fixed
Adjustable Rate Mortgage Terms
10/1 ARM
7/1 ARM
5/1 ARM

Loan Variety - 4.3 / 5

Bankrate Mortgage Refinance is a marketplace for homeowners interested in viewing current mortgage refinance rates from competing lenders. From one single webpage, borrowers can access one of the most comprehensive selection of loan offers available, from a large network of financial entities. Contrary to other, similar sites, Bankrate shows samples of all the current rates on one single page, without having to input any personal data. In order to obtain specific offers, of course, some information must be provided.

Application Process

FHA Minimum Credit Score
580
Maximum LTV
Depends on the lender
Closing Time
Depends on the lender

Ease of Process - 4.7 / 5

Specific requirements and qualifying information will vary according to each individual lender, as Bankrate is simply a marketplace that matches homeowners with financial institutions. Since FHA loans are government-regulated, we can affirm that the minimum credit score for this is 580.

Bankrate Mortgage Refinance Reputation

Customer Service and Reputation - 4.5 / 5

It's virtually impossible to find any information about Bankrate's reputation, as they merely serve as a hub for different lender's offers, which homeowners can conveniently access. When researching an individual lender, we recommend looking at the Nationwide Mortgage Licensing System website, in order to determine if there are any regulatory actions against the company, as well as checking out customer review websites such as our own, the BBB, and TrustPilot.

Contact & Additional Information

Homepage URL
http://www.bankrate.com/
Company Phone
(855) 733-0700
Headquarters Address
1675 Broadway, 22nd Floor, New York, NY, 10019

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