Guide to Lenders Mortgage Refinance Review


Rating: 8.0 / 10 (Very good)
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How is Guide to Lenders rated?
8/10
Mortgage Types
8/10
Qualifying
9/10
Mortgage Related Fees
7/10
Financial Reputation
8/10
Reviews and Support Service

Guide to Lenders is an online marketplace for mortgage and mortgage refinance lenders. It helps consumers make better decisions by giving them access to multiple quotes from competing lenders. Guide to Lenders is not a lender or broker, it is a free service that gives consumers access to over 150 competing lenders. Searching for a mortgage refinance loan can be done by simply filling out its simple application form. By giving access to multiple loan offers consumers are able to get better savings.

Types of Home Mortgage Refinances

  • Fixed Rate Mortgages
  • Adjustable Rate Mortgages

Other home loans offered:

  • VA Loans
  • FHA Loans
  • Home Equity Loans
  • New Home Loans
  • Reverse Mortgages

Qualifying for Mortgage Loans

To be qualified at Guide to Lenders’ mortgage refinance, customers must first enter their zip code at the company’s website to proceed with their request. By filling out a few simple questions, consumers can get multiple quotes from 5 different lenders all at the same time. This enables applicants to compare quotes from licensed mortgage lenders and choose the best offer that works for them. Each company has their own set of qualification and requirements needed for borrowers to proceed with their loan. Guide to Lenders only acts as a platform that matches customers to a company that can provide them their needs at the terms they prefer.

Refinance Mortgage Rates

Interest rates provided by Guide to Lenders ranges between 3.625% and 3.959% APR. Each company at Guide to Lenders’ network offers different rates which vary on some factors including property type, state, credit standing, property value, mortgage balance, and repayment term.

Current Mortgage Balance

$250,000

Current Monthly Payment

$1,950

Current Interest Rate

6.50%

New Loan Term

30 Year

New Interest Rate

3.50%

New Monthly Payment

$1,123

Monthly Savings

$827

*Based on loanDepot’s mortgage refinance program

Why Refinance with Guide to Lenders

Guide to Lenders allows consumers to compare up to 5 quotes from multiple lenders which gives them the opportunity to get bigger savings. With just a few clicks, consumers are given access to hundreds of licensed lenders. A good place to shop for mortgage refinance with its convenient application process and access to competitive loan terms.

 

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