Online Mortgage Loans

Overall Score 3.9 out of 5

Overall Score 3.9 out of 5

Personalized Score out of 5


Online Mortgage Loans is a comparison service for homeowners looking to refinance. Using their site, homeowners will be recommended multiple relevant lenders that want to work with them.

Review Highlights:

  • Compares options and finds you the best lenders for your situation
  • Focuses on reverse mortgages for qualifying homeowners over 62
  • Especially helpful for homeowners with low credit scores, who might struggle to find a lender on their own

Ratings Highlights

By using Online Mortgage Loans for your refinance, you can make the entire process go by much faster. As a comparison tool, they help homeowners find the right lender within just a few minutes. Particularly if you're struggling to find a match, using this service is a great option.
Loan Variety
Loans Offered Include: Varies by lender
As a lender comparison service, using Online Mortgage Loans will allow you to view loan options from multiple lenders -- which will likely mean a wide variety of loan types to choose from. They do highlight reverse mortgages as one of their main focuses.
Fees depend on the chosen lender. As a comparison service, Online Mortgage Loans does aim to provide homeowners with lenders offering the lowest rates.
Customer Service
Online Mortgage Loans does have an easy-to-use website and does offer a phone number so homeowners can speak with a loan expert. However, customer service is typically better with direct lenders.
Company Reputation
Online Mortgage Loans does not have many customer reviews online, but it is overall a useful option for homeowners looking for a way to simplify the refinance process.
Ease of Application Process
Although Online Mortgage Loans does ask users a few relevant questions in order to pick the best lenders, they do not require an application. Homeowners will fill out an application with the lender they choose.
For Lower Credit Scores
Minimum Credit Score: Varies by lender
Although homeowners with low credit scores sometimes struggle to find interested lenders, Online Mortgage Loans can make the refinance search easier by doing the lender comparison work for you.
For Higher Credit Scores
With many lenders hoping to refinance with this group, homeowners with high credit scores may not need the help of a comparison site. However, if you are finding it hard to choose a lender, Online Mortgage Loans is a convenient way to compare several rates at once.

Company Background

Online Mortgage Loans was started with the aim of making refinancing a faster and more convenient process. Their unique technology finds homeowners multiple lender matches within just a few minutes, making refinancing much easier.