LowerMyBills.com Review – A Valuable Resource for Your Life

One of the harsh realities of being an adult is that we have to pay bills and make decisions constantly. When it’s time to buy a house, you need to find a mortgage lender. If you want to build your credit, finding the right credit cards becomes a whole process. Wouldn’t it be nice if you could find a single place that can help you navigate all of these decisions?
If you’re nodding your head right now, then you may want to see what LowerMyBills.com has to offer.

What is LowerMyBills.com?

In a nutshell, LowerMyBills.com sets out to do exactly what the company name suggests. The website offers resources to help you understand finance topics including insurance, loans, credit cards, banking, and personal finance. You can use the website to compare service providers such as mortgage lenders and credit card companies. By doing this, you may be able to find information and service providers that can help you lower your monthly bills.

How does LowerMyBills.com work?

LowerMyBills.com is not a lender or an insurance company, rather, it is an online service where you can search and compare financial-related service providers. The website has what seems to be an endless amount of information, and that can get overwhelming. The best way to approach this website is to do so with a goal in mind.
If you’re preparing to purchase your first home, you may want to look at the best home loans in 2021 option. Or, if you’re curious about whether you could lower your mortgage payment by refinancing, you could take a look at the best refinance mortgage lenders. Let’s say that in this case, you’re looking into refinancing your mortgage.
When you click on the best mortgage refinance lenders option, you’ll be brought to a page that starts with a prompt.
If you keep scrolling, you’ll see that there’s also an article on this page. This article offers a brief overview of some of the top mortgage refinancing lenders.
Reading the article is also a good idea if you’re just starting to consider refinancing and want to know more about the options that might be available to you.
On the other hand, if you’re ready to get specific about your options, click on the learn more button way back at the top of the page. This will take you to LowerMyBills.com’s featured form.
You’ll start by selecting your home type as well as your credit type. In this case, credit type refers to your credit score, and you’ll pick the option that best reflects your current score.
Next, you’ll pick the loan type that you’re interested in getting more information about. You’ll also input your home zip code.
The next page will take you through more detailed questions about your home.
When you’ve finished inputting these answers, you can click on the calculate button. After that, you’ll be taken to a final screen where you input personal details about yourself. This information is needed to get you accurate information about your refinancing options.
After your information is submitted, you’ll be brought to a page with a list of possible lenders. You can click on any of the “get quote” buttons to move forward with getting a quote from your lender of choice.

How much does Lowermybills.com cost?

LowerMyBills.com is a completely free service. However, you should be aware that there may be fees associated with the products recommended on the website. For example, a credit card that is recommended on the website may have yearly fees and mortgage providers may charge a service fee.

Lowermybills.com features

This website is full of information and features that you can take advantage of no matter which type of financial product you’re interested in.

Thorough information

LowerMyBills.com is a very large website with a lot of information. You can probably find an article for almost any financial topic that you could imagine. Even if you’re not looking to take out a loan or refinance your mortgage, there is information contained within this website that can help answer questions that you may not even know that you have yet.

Mortgage calculator

This tool allows you to find the right mortgage for you by calculating your monthly payment, interest rate, APR, and total interest. To use it, all you need to do is enter the loan amount that you want to do a calculation for. Based on the information that you enter, the calculator will suggest mortgage options as well as the monthly payments and total cost of each option. You can also review the pros and cons of each mortgage type to help you make your decision.

Mortgage Calculator

Select State

Refinance calculator

If you already own your home and want to consider refinancing, you can use this tool to calculate a possible new monthly payment, interest rate, and your potential total savings.

Mortgage advisor

The mortgage advisor tool is another resource that can be useful for homeowners that may be considering refinancing. It aims to provide you with customized recommendations based on your current mortgage and your financial goals. If the mortgage advisor thinks that you can find a loan option that better suits your situation, it will provide a detailed recommendation on the mortgage that it thinks makes the most sense for you.

Mortgage comparison

This tool can help you understand the different mortgage options by comparing them side-by-side using simple criteria such as whether it offers a lower payment and if you’ll pay less interest over time with that loan type. The tool is simple to use — all you do is select the mortgage types that are the most interesting to you and review the comparison table. You can compare the following mortgage types using this comparison tool:
  • 30-year fixed
  • 15-year fixed
  • Cash-out refinance
  • 5/1 year adjustable
  • FHA loan
  • VA loan
  • HARP refinance

Debt-to-income calculator

Your debt-to-income ratio is a major factor that lenders may take into consideration when reviewing your credit report and offering you a mortgage. Simply add all of your monthly debts and your gross monthly income. The calculator will provide you with your debt-to-income ratio based on the information that you’ve provided.

Mortgage analysis

This tool essentially grades your current mortgage against how well it meets your financial goals. To use the tool, you start by entering your mortgage goal, with goals including lowering your interest rate, lowering your monthly payment, or cashing out your mortgage. Then you’ll enter your current mortgage loan amount, home value, monthly payment, and interest rate. The tool will analyze your situation based on this information and grade it based on the mortgage options that are available today.

Life insurance calculator

The life insurance calculator tool walks you through how to determine the amount of life insurance you should have. The steps include calculating your assets and resources, determining your financial obligations, and factoring in your current age and health. The tool includes examples of financial obligations that you may want to consider, as well as how things like your age may affect your life insurance rate. Finally, the tool explains the different types of life insurance and can direct you to the website’s insurance page for more information.

Retirement calculator

This tool walks you through some of the important questions that you should ask yourself as you plan for retirement, such as when you want to retire and how you want to spend your retirement.

Retirement Calculator

% of your monthly income
% of pre-retirement income
More Options

Pros & cons of lowermybills.com

  • LowerMyBills.com is a free service. You don’t need to pay any fees to use the website’s tools or resources or to access the articles.
  • LowerMyBills.com is full of information. It’s a great resource with a collection of articles that touch on important topics that affect any adult. You’ll even find timely articles based on situations and questions that arise based on the current economy.
  • The tools offered on the website can help you start to think about your financial goals and what you can do to achieve them. By using these tools, you can compare mortgage options and learn more about important long-term goals such as retirement.
  • You can’t get direct quotes from the website. While you can view the “best of” lists and receive recommendations for lenders and service providers, you’ll need to go to its referral websites for an actual quote.
  • Your recommendations may not include local lenders. LowerMyBills.com provides recommendations using its network of partners. This means that it might not take local lenders such as credit unions into consideration when giving you suggestions.
  • The website can be overwhelming. There is a lot of information to sift through and it can take some time and effort to find answers to what you’re looking for.

Lowermybills.com vs. competitors

CompanyCostTopics coveredDirect quotes?
LowerMyBills.com$0Mortgage, insurance, loans, credit cards, banking, home services, personal financeNo
BankrateBankrate$0Mortgages, banking, credit cards, loans, investing, home equity, insurance, retirementNo
LendingTree$0Home loans, auto loans, personal loans, business loans, student loans, credit cards, banking, personal financeNo


Bankrate offers an intuitive online experience to help you navigate your financial journey. You can use the website to compare interest rates and take advantage of over 200 financial calculators designed to help you make informed financial decisions. Signing up for a free Bankrate account gives you access to recommended tools based on your financial interests, expert personal finance advice, and a curated financial daily news feed. In addition to these resources, Bankrate offers articles based on popular financial topics as well as recent news events.


LendingTree’s goal is to offer a simple process to help borrowers find their best loan. When you fill out a LendingTree form about the kind of loan that you want or need, your request will be sent out to its lender network. You’ll then receive phone calls and emails from interested lenders and other financial services to find out how they can help you. LendingTree can help you compare the offers that you receive and take the next step if you decide you want to put in an application based on any of your offers. The website also offers a resource center that allows you to check your credit score for free, read ratings and reviews, and evaluate mortgage rates and your estimated monthly payment.


Is LowerMyBills.com a scam?
LowerMyBills.com is a legit resource that can help connect you with opportunities to save money and lower your monthly payments.
Is LowerMyBills.com BBB accredited?
Yes, LowerMyBills.com has received a BBB accreditation and has an A+ BBB rating.

The bottom line

LowerMyBills.com can be a useful resource for anyone who is looking to learn more about financial topics. It’s also a great resource if you’re looking to evaluate your financial goals and the mortgage or other loan products that you currently have. While you cannot receive a direct offer from this website since it is not a lender or an insurance company, you can use the website to compare lenders and insurance providers.
Since this is a free resource, there aren’t many people that couldn’t benefit from this website. The only time you would need to provide personal information is if a piece of information is needed to help you use the several calculators and tools on the website.
Whether you’re looking for information about how to defer your credit card payments or which mortgage types offer the lowest monthly payments, this website can be a valuable resource in your life.

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