Rate Marketplace Review

Rate Marketplace at a Glance

Rate Marketplace helps connect homebuyers with lenders. This aggregate can help you prepare to buy your first home, and it offers advice on how to avoid the mistakes that so many first-time homebuyers make. You can even access current mortgage rates before filling out any personal information. The company has partnered with big-name lenders like Quicken Loans and Optimum First to offer homebuyers a variety of loan types and rates.

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Rate Marketplace Highlights

  • It specializes in offering low monthly mortgage payments
  • You can be matched with regional and national mortgage lenders
  • No credit check or Social Security number required


  • Access rate information without supplying personal information
  • Four types of mortgages are available
  • The blog has a lot of helpful, free information


  • Primarily helps people who want to refinance
  • Loan offer page is full of advertisements
  • APR on most loans was on the high side

Monthly Payments

The monthly payments are extremely reasonable, which is great news if you’re trying to stick to a modest budget. The offers are as low as $753, and the highest was only $912. Many offers are in the $800 range. Even if you don’t have excellent credit, you should be able to find monthly rates within this range for a $300,000 home.


The APR is on the regular-to-high side, as offers range from 3.289% to 3.875%. This is a bit of a setback, but when you couple it with the reasonable monthly payments, it should by no means break your budget.

Interest Rate

You can expect to see a range of available interest rates that is very similar to that of the APR, albeit with a few slightly lower options. The  quoted numbers ranged from 3.25% to 3.875%, and most of them are closer to the lower end of the spectrum. If you have great to excellent credit, you may be able to secure an even lower rate. 

Loan Term

Be aware that this provider definitely seems to favor 30-year fixed mortgages. Your results may vary depending upon your credit score and the size of your down payment, but in general, you may want to look elsewhere if you’re looking for alternative loan terms. 

Loan Features

The loan features will vary depending upon the individual lender. As you review your list of daily mortgage rates, you can easily click on any offer that seems promising. From there, you’ll be taken to a landing page that provides additional information about features and benefits.   

So, Should I Borrow with Rate Marketplace? 

The comprehensive blog is an invaluable resource, and the hassle-free layout is truly a breath of fresh air, but Rate Marketplace leaves some room to be desired in terms of substance. It’s a good place to go if you need to refinance a mortgage, but you may have very limited information available to you if you’re shopping for a first-time mortgage. Since the company doesn’t exclusively specialize in mortgages, you just won’t find the same attention to detail that you’ll find with other providers. 

Physical Address

1875 S Grant St #950, 

San Mateo, CA 94402




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