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Home Equity | Top Companies: This Week's Reviews |
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| Services Offered:
Home equity, equity rate quotes, credit equity home line |
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| Company Overview:
Bank of Internet has been operating as an online-only
bank and lending institution since 1999. They are FDIC
insured, just like any bank, so that consumers can feel
safe banking with them. The company is headquartered in
San Diego. They offer lending and banking solutions
nationwide, and have over $1 billion in assets. |
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| Our Review:
Bank of Internet will forever be our first choice for
all of your home loan and home equity loan needs. They
have so many great programs, and their rates are much
better than traditional banks because of their
online-only nature. The customer service is top-rate,
and the website is simple and easy to get around. |
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| User Review:
I never thought I’d find a home equity loan. The equity
rate quotes that I found were so high that I didn’t
think I could afford to, either. However, I found Bank
of Internet, who was able to give me a great credit
equity home line, so that I could get some important
things taken care of. I’m forever grateful. |
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| Services Offered:
Services Offered: Home equity, equity rate quotes,
credit equity home line |
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| Company Overview:
Quicken Loans has been in the lending business for well
over 20 years. They have one of the highest customer
satisfaction ratings, at 94% based on their completed
transactions. Quicken has more than 4,000 employees and
150 different lending programs for customers. |
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| Our Review:
Quicken Loans is another of our favorite companies for
home loans and home equity loans. With their experience
and commitment to customer service, they are just a
great company all around. Their website has always been
simple to use, and customer service information is
easily found. |
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| User Review:
Quicken Loans helped me get a credit equity home line in
just a couple of weeks, and got me a great rate, too.
When I had questions, and I had plenty, they were always
there with a reassuring attitude and answered all of my
inquiries quickly. They’re a great company, and I’ll
definitely be back. |
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| Services Offered:
Home equity, equity rate quotes, credit equity home line |
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| Company Overview:
LoanWeb is a subsidiary of iHomeowners, Inc. The company
was established in 1996, and is a part of the country’s
oldest internet marketing company. The company has an
annual average growth of 94%, and they were part of the
Inc. 500 in 2004, according to Inc. Magazine. |
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| Our Review:
LoanWeb offers great programs for those who need home
equity loans and mortgages. They work with a network of
lenders to find the right solution for each individual
customer, no matter what they need. Their customer
service is exceptional, and their website is easy to
use. |
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| User Review:
LoanWeb made getting a home equity loan easy. They gave
me a really good equity rate, too, which I was grateful
for. Given my financial situation, I wasn’t sure I’d
find someone that would give me a chance, but LoanWeb
did just that. |
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| Services Offered:
Home equity, equity rate quotes, credit equity home line |
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| Company Overview:
MortgageLoan.com was established in 1995. They offer
home equity rates, loans, mortgages, and information to
consumers. Their interest rates have a guaranteed 30-day
locked-in period, which means you’ll get better rates
and that they’ll stay the same when you get a loan. The
office is located in Florida, and they have helped
millions of consumers in their 10+ years of service. |
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| Our Review:
MortgageLoan.com is a great alternative for people who
need a home equity loan. Their rates are very
comparable, and since they’ve got the 30-day lock, it
makes getting rates easier than other companies who
might change their rates more often. The customer
service is good, and the website has a simple, yet
functional design. |
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| User Review:
MortgageLoan.com was able to get me a great deal on a
home equity loan. I couldn’t believe the low equity rate
that I qualified for, but their customer service was so
helpful and informative that I couldn’t turn it down.
All in all, it’s a great service, and I’m so glad I
found them! |
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Other Top Companies for
Free Home Equity : |
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Home Equity: Good Reasons NOT to Use It: |
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Many people who
own a home think that the solution to all of their
financial problems is simply getting a home equity loan.
However, a credit equity home line isn’t always the best
solution. Sometimes, it’s better to not spend the money,
while other times there might be another alternative.
For example, if you want to buy a new car, don’t get a
home equity loan unless you NEED the new car. Also, if
you just want to take a vacation, that’s another bad
reason to get a credit equity home line. However, if
you’ve got debt to pay off that is going to collection,
or need to do home repairs or pay for other essentials,
a home equity loan can be a good solution to your
problems. Just make sure of a few things before you get
a loan that you shouldn’t have. First, you need to be
sure that there is a reason for spending the money.
Whatever you need the money for should be a necessity,
not just a frivolous desire. Also, you need to check out
all of your options and make sure that there isn’t an
easier solution to getting the money that you need. For
example, if you need money for a car repair, you should
try your credit cards or other financing methods before
going as far as getting a home equity loan or credit
line. After you’ve justified the spending that you need
to do, and made sure that there’s no other way to get
the funds that you need, you can then pursue your
options for a home equity loan. Just make sure that you
only borrow what you need, and that you pay it back as
quickly as you can. Also, it’s essential to find the
best company for your needs, so you should take the time
to shop around.
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