Bankrate Review

Overall Score 4.2 out of 5

Overall Score 4.2 out of 5

Personalized Score out of 5

Summary

With over 40 years in the finance industry, Bankrate has a long history of assisting people with their financial goals. For a smarter and legitimately helpful way to shop home equity loans, this is the site to use.

Review Highlights:

  • Get leads to multiple lenders offering competitive rates
  • Insightful reviews on the top home equity loan lenders
  • Personalized company comparisons to meet your needs

Ratings Highlights

Overall
Bankrate is one of the top lender comparison tools around. Their company reviews are notably insightful and their financial tools allow homeowners to make the best possible financial decisions with ease. Customers interested in a convenient way to shop home equity loans should look no further.
Closing Costs
Closing costs will depend on the lender you opt for. As a reputable comparison service, Bankrate aims to provide its users with easy access to loans with the lowest fees and rates available.
Loan Variety
Loan variety will vary by lender. As a comparison site, Bankrate has options suitable for most homeowners.
Borrowing Limits
Borrowing limits will vary by lender. Bankrate makes it easy to compare the borrowing limits and other attributes of each lender.
Customer Service
Bankrate is fantastic when it comes to customer service. Reviewers appreciate how quick and polite customer support is in responding to inquiries, as well as how detailed and informative the website itself is. To reach out for assistance, customers can send an email or use social media.
Fair Credit Score Suitability
Minimum Credit Score: Varies by lender
Credit score requirements will vary by lender. A score of 620 or higher is usually required for a home equity loan. If you are concerned about your credit score limiting your lender options, Bankrate is a great site to try, as it does the company comparisons for you.
Higher Credit Score Suitability
Bankrate makes it easy for homeowners with high credit scores to find the right lender. They research all applicable lenders and find the ones that best suit your situation, potentially saving you both time and money. For a convenient home equity journey, look no further.

Company Background

Founded as Bank Rate Monitor in 1976, Bankrate has been providing the public with helpful financial tools for more than forty years. The company uses informative reviews, detailed articles, and convenient financial calculators to empower regular people to take control of their own financial futures.