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This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website. These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.

Home Equity Quiz Review

Bradley Schnitzer Bradley Schnitzer Last update:
NMLS#
1168
Min Credit Score
580/620
Repayment Terms
12 - 480

When you’re trying to refinance your mortgage on your current home to score a lower rate, everything about the process takes a long time — especially the loan shopping.

Home Equity Quiz’s goal is to cut that time down. It’s a marketplace site that matches homeowners and homebuyers to excellent refinance and loan opportunities at over 200 partners, and it does so fast with a smooth and straightforward application process. It doesn’t do much else, but it could be potentially be a starting point that will save you precious time.

Mortgage types Refinancing (traditional, FHA, VA),

Purchase

Mortgage amount Lender dependent
Repayment terms Fixed-rate: 10, 15, 20, 30 and 40 years

Variable-rate ARMs: 1, 3, 5, 7, 10 years

APR Lender dependent
Minimum credit score 580- VA and FHA, 620- traditional
Lender type Marketplace

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Home Equity Quiz Mortgage Loans: Pros

  • Over 200 lending partners
  • A variety of home loan types
  • Fast, intuitive, detailed questionnaire

Home Equity Quiz Loans: Cons

  • Fee information presented after choosing a lender
  • Need to meet specific requirements to get a loan

Application Process

Home Equity Quiz offers a smooth application process. No hard credit pull is required to fill it out — only when you find a lender and formally apply.

You simply move through each screen one-by-one, providing the information each screen asks of you.

The application process will ask for information on things like:

  • Property type
  • Property value
  • Credit score
  • Down payment size
  • Amount of equity you have
  • Remaining first mortgage balance and interest rate (if refinancing)
  • Mortgage type (fixed, variable, or both)
  • Mortgage payment history (if refinancing)
  • Any recent bankruptcies/foreclosures
  • If you can verify your income (although it doesn’t ask for your income)
  • If you or your spouse serve(d) in the military

At the end, you’ll enter your address, your first and last name, your email, and your phone number.

Home Equity Quiz then emails you a list of loans you might qualify for.

If you aren’t eligible for any loans, Home Equity Quiz will tell you. They’ll advise you to raise your credit score, and you won’t get any suggestions.

But if you are eligible, it’s time to look at loan terms and requirements.

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Terms & Requirements

Home Equity Quiz helps you find home purchase and mortgage refinancing loans from a variety of lenders. They offer FHA and VA loans as well.

Terms and requirements will be according to the lender you choose.

Mortgage Requirements

Mortgages and refinancing loans have a long list of requirements since you are taking out a massive amount of money over a long period of time. Anyone US citizens aged 18 and older can get a mortgage, but some resident non-citizens can too.

Additionally, you generally need good credit, stable income, and low debt levels relative to that income — especially if you hope to get the best rates.

Lastly, down payments generally must be 20% on mortgages to avoid paying private mortgage insurance (PMI). FHA loans only ask for 3.5% down, while VA loans require no down payment.

Since Home Equity Quiz is a marketplace with a vast number of partners, we can’t determine exact numbers for credit score and debt-to-income ratio.

Mortgage Terms

Home Equity Quiz only offers traditional, FHA, and VA mortgages and mortgage refinancing loans — no auto loans or anything else.

It’s impossible to give a range of APRs and loan amounts on these loans, given the over 200 partners.

Repayment Terms

Repayment terms vary. Fixed-rate mortgages come in terms of 10, 15, 20, 30, and 40 years. Variable-rate ARMs come with terms of 1, 3, 5, 7, or 10 years. Variable-rate, interest-only ARMs are at 3, 5, or 7 years.

The type of loan you get depends on which type you said you were looking for while taking the quiz.

Privacy and Security

Home Equity Quiz uses Secure Rights — a third-party verification service that fights fraud and protects consumer privacy — to ensure your information is shared only with lenders Home Equity Quiz works with.

Home Equity Quiz’s parent company, Leadpoint — a lead generation platform — also has an A+ with the BBB. The company has all one-star reviews on the BBB, but there are only seven of them, so it’s hard to tell if that’s representative of the company.

Customer Support

Customer support is unfortunately not Home Equity Quiz’s strong suit. The only means of contacting customer service is through a web form. They don’t offer email or phone support, nor do they provide an estimated wait time for web form replies.

Home Equity Quiz has some FAQs as well, but there aren’t a whole lot of them.

Final Thoughts

Home Equity Quiz offers potential borrowers a fast way to find decent refinancing and mortgage offers they qualify for. By using it, you can cut out a lot of mortgage shopping time.

It has its issues — such as not always finding you a loan or lacking a bit in customer support — but it’s a straightforward tool that can help a lot of borrowers.

12121 Wilshire Blvd. Suite 810 Los Angeles

Address

LeadPoint, Inc.

12121 Wilshire Blvd., Suite 810

Los Angeles, CA 90025

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Home Equity Quiz Disclaimer: HomeEquityQuiz is an online news and information service providing editorial content and directory information about mortgages and loans. HomeEquityQuiz is not a lender or mortgage broker and does not offer loans or mortgages directly or indirectly through representatives or agents. HomeEquityQuiz does not provide an application for credit or a mortgage loan. HomeEquityQuiz is not responsible for the accuracy of information or responsible for the accuracy of the rates, APR or loan information posted by brokers, lenders or advertisers. All trademarks and logos appearing on this site are the property of their respective owners. Their appearance on this site does not indicate or imply an endorsement of our product.

Disclosure
This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website. These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.
Bradley Schnitzer Bradley Schnitzer
Bradley Schnitzer is a copywriter and content writer that helps businesses gain loyal customers through informative content pieces and persuasive copy. He is passionate about personal finance and helping budding freelancers further their careers. He spends his free time reading, hitting the gym, pursuing several intellectual interests, and drinking coffee.
This review is based on the writer's personal opinion.