Choosing the wrong home equity lender isn't just about a higher interest rate – shady lenders can actually cause you to lose your home. Fortunately, you don't have to be in the dark when looking for the top home equity loans. The Star Reviews decided to spend the morning doing some home equity loan reviews and Home Loan Center appeared to be one of the most impressive websites we came across in our quest to find you the best home equity loan sites. Here's what we discovered below.
What's New?
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No application fee charged for home equity applications.
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No appraisal required for certain loans/streamlines.
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Get approved for your home equity loan online.
Star Reviews' Favorite Feature:
Some home equity lenders can take a month or longer to fund your home equity loan. Home Loan Center can get it done in as little as 15 days. If time is of the essence, you can't ask for a better turnaround than that offered by this leading home equity loan website.
The Home Loan Center Experience:
The Home Loan Center website has an intuitive layout and is very easy to navigate. When you hit the landing page just click on the "Home Equity" button in the top navigation bar and you'll find yourself where you need to be.
The home equity loan section of the Home Loan Center website has an array of useful features including equity and savings calculators, home equity loan articles and links for a free credit report and free home equity loan advice. It's really a well-rounded site.
The Home Loan Center also has an online app, which makes applying for your home equity loan very convenient. The three-step form is easy to fill out and can have you on your way to home equity loan approval in less than five minutes.
It's important to note that the Home Loan Center is one of the few home equity lenders that doesn't require an appraisal to fund your loan. This really cuts down the time it takes to close your loan, and it's why you can get your money in as little as 15 days.
The Home Loan Center Features:
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No application fees
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Minimum 15-day funding
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Home equity calculators
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Home equity articles
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Installment loans and HELOC (line of credit) loans
The Home Loan Center Customer Support:
The Home Loan Center offers a bevy of customer service options including helpful articles, an online FAQ, email support and toll-free customer service. Answers to most of the questions you'd run into can be found on the website. However, if the answer to your question isn't there you can either email customer support or give them a call. Both methods are very efficient.
When we emailed customer support we received a helpful and friendly response the very same day. Phone support was also impressive. Our hold time was pretty much non-existent and we were able to speak with a knowledgeable rep who answered all of the questions we asked with straightforward and easy-to-understand answers. The only thing that was missing was online chat. But all in all, Home Loan Center's customer service is definitely up to par.
Upside:
Funding in as little as 15 days, no application fee.
Downside:
You have to borrow at least $100,000.
Summary:
When we came across the Home Loan Center website, we were pretty impressed by how established it appeared to be. The site was not only visually appealing, it was very easy to navigate! There is no application fee for home equity loans and they do not require a home appraisal in order to qualify you for a loan. You can also be approved for your home equity loan online and receive funding within 10 days. There is a bevy of helpful resources here, such as loan resources, articles, and tips. One downside to the site is you must borrow at least $100,000 to qualify for a loan, which isn't great when most of their competitors don't require minimum loan amounts. But, telephone customer support is very efficient here, as was email. We really recommend their home equity loan services.