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About LowerMyBills.com

LowerMyBills.com (NMLS: #167283) is a mortgage comparison site that connects individuals to possible mortgage lender matches. LowerMyBills.com is not a mortgage lender and will not directly provide a loan for your new home purchase or refinance. Along with lender comparisons, LowerMyBills.com also offers homebuying resources and tools, such as a mortgage calculator.

    Pros & Cons


    • Free to use
    • Helpful mortgage calculator and tools
    • In-depth editorial guides


    • Not a direct lender
    • Limited lender matches

    Bottom Line

    LowerMyBills.com is an option for individuals who want to compare lenders. If you are looking for exact rates and terms, it is best to contact a specific lender directly.

    Top LowerMyBills.com Reviews


    I'm a veteran. … It led me to Rocket Mortgage, and it worked out. The process took exactly about a month, and I love the man who helped me out. … He really acted like he cared, an...

    Read full review

    I had a very seamless experience. I really enjoyed working with them. From the time I filled out the information with them to closing was 11 days. I’m very satisfied. My home mort...

    Read full review


    Since LowerMyBills.com doesn’t originate loans, you won’t find direct rates on the site. Instead, you can use the mortgage calculator to input your desired loan amount, credit score and ZIP code to get an estimated rate. Remember, just because you see an estimated rate on LowerMyBills.com does not mean it will match you with a lender with that rate or that you will qualify.

    Mortgage rates are constantly changing based on the current market. Rates will vary per lender and are based on your creditworthiness, down payment amount and other factors. It is important to compare rates from different lenders to ensure you are getting the lowest rate possible.

    LowerMyBill connects people with lenders that offer both fixed-rate and adjustable-rate mortgages (ARMs). With a fixed rate, you’ll have the same interest rate over the length of the loan. ARMs provide an initially low fixed rate and then adjust regularly according to a benchmark index and margin specified by the lender.

    Application process

    With LowerMyBills.com, you can search for a home loan lender at any stage of the homebuying or refinancing process. The questionnaire takes less than five minutes to complete, and asks questions about your desired loan amount, credit score, down payment and employment. It will also ask for personal contact information, such as your name, email address, home address and phone number.

    LowerMyBills.com promises not to spam you or send physical mail to the address provided. After you enter your information, the website shows you potential lenders along with links to get started with the loan process.

    Steve, a reviewer on ConsumerAffairs from Texas, said he refinanced a loan using LowerMyBills, ultimately choosing Rocket Mortgage: “I was looking to get a lower interest rate with the refinance and not really looking to saving any money in terms of monthly premium, but overall, on the term of the loan, I am saving in interest savings. LowerMyBills did a great job.”

    Loan types

    LowerMyBills helps people find both home purchase and refinance loans. These may include conventional loans and government-backed loans, such as FHA and VA loans. Once you answer the questionnaire online, the company matches you with compatible lenders.


    If you’re using LowerMyBills.com to kick off your mortgage refinance, it’s important to research your matches on an unbiased review site to ensure the lender is well-rated and has competitive rates.

    Once matched on the site, you will immediately receive an email from the lender, where you then have to answer all of the questions again for the lender’s automated rate tool.

    The historically low interest rates of 2020 and 2021 made refinancing a mortgage a smart move for many. In 2022, rates are steadily increasing, and interest in refinancing is decreasing.

    HELOC and home equity loans

    When you input that you want to refinance your home through LowerMyBills.com, you may be shown lenders with home equity loan or home equity line of credit (HELOC) options.

    It is best to go through a helpful HELOC or home equity buying guide first that points to unbiased reviews and gives thorough insight into rates and requirements.


    Using LowerMyBills.com to initiate your mortgage search requires only basic information. Once you choose a match, you will be asked to enter additional personal and financial information.

    To increase your chances of getting a preapproved loan, you should have a good idea of your financial standing, including your credit history and monthly budget. Trying to finance more house than you can afford will lead to loan rejection. Additionally, having a strong credit score and a low debt-to-income (DTI) ratio will increase your chances of approval.

    National mortgage requirements by type

    Min. credit scoreMin. down paymentCompare with other lenders
    Conventional Typically 620 Typically 3% Mortgage lenders
    FHA 500 3.5% with 580 credit score FHA lenders
    VA Set by lender (often 580) 0% VA lenders
    USDA Set by lender (often 640) 0% USDA lenders

    Cost and fees

    Using LowerMyBills.com is free. If you connect with a lender and move forward with the mortgage process, you will learn about loan costs and fees. Loan charges, including closing costs, vary depending on your lender. After you apply, the lender will give you a form called a Loan Estimate, which gives projected loan costs.


    What is LowerMyBills.com?

    LowerMyBills.com is an online hub for mortgage resources, tools and lender recommendations. It is not a mortgage lender and does not originate loans.

    Is LowerMyBills.com legit?

    LowerMyBills.com is a legitimate business and resource. While the website has useful general information, it’s not completely clear how many lenders it works with, so you may choose to explore brokers and other lenders while searching for the best offers.

    Where is LowerMyBills.com available?

    LowerMyBills.com is available online nationwide.

    LowerMyBills.com Reviews

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    How do I know I can trust these reviews about LowerMyBills.com?
    • 4,244,075 reviews on ConsumerAffairs are verified.
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    Page 1 Reviews 0 - 10
    Verified Reviewer Verified Buyer
    Original review: July 19, 2022

    I paid off a couple of bills using LowerMyBills and their website was good.

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    Verified Reviewer Verified Buyer
    Original review: July 4, 2022

    There was a whole lot of work that went on when I transacted with LowerMyBills. Then, while I put in some information, I started getting calls from all kinds of loan companies. And I just went back with the company that I already financed with. But I was happy with my experience.

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      Verified Reviewer Verified Buyer
      Original review: June 3, 2022

      It worked out fine with LowerMyBills. I was contacted right after I filled out the little questionnaire.

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      Verified Reviewer Verified Buyer
      Original review: May 19, 2022

      Everything was pleasurable, easy, and very simple. We did a refi and LowerMyBills got us over to Rocket. There was good communication between us and Rocket Mortgage and everything worked out great.

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      Verified Reviewer Verified Buyer
      Original review: May 14, 2022

      It was perfect with LowerMyBills. If you need help, that's the place to go.

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      Verified Reviewer Verified Buyer
      Original review: May 7, 2022

      I was seeking a lender that would loan me money and navigating through LowerMyBills.com was fairly easy. The approval was around a week.

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      Verified Reviewer Verified Buyer
      Original review: April 29, 2022

      I got Rocket Mortgage through LowerMyBills. The service has been positive and I'm happy.

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      Verified Reviewer Verified Buyer
      Original review: April 28, 2022

      We refinanced our house and it all closed. It was pretty easy to navigate through their website and now, everything is great.

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      Verified Reviewer Verified Buyer
      Original review: April 15, 2022

      We took out a new mortgage and I don't think anybody can beat the interest rate that we got. We were very satisfied with the company they got. They were very professional.

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      Verified Reviewer Verified Buyer
      Original review: April 14, 2022

      The transaction went smoothly from beginning to end. My loan officer was wonderful.

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