FreeRateUpdate.com Reviews 691

TrustScore 2 out of 5

2.2

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Rated 1 out of 5 stars

From LO aspect, company leads are inconsistent, you pay for their services, give them guidelines on the types of leads that you would like to receive, and they do everything opposite of what you reque... See more

Rated 1 out of 5 stars

This is a spam company that sends your phone number to China, India, Philippines, and has them call you all night and day. They do not take you off their list even if you tell them not to call. The fi... See more

Rated 4 out of 5 stars

Mortgage shopping enhanced by freerateupdate.com connected me to many lenders, albeit too many. To get that 5th star, they would need to inform me whom they intend to send my data to, and allow me to... See more

Rated 1 out of 5 stars

They stated initially that the were closing on average 20 days. This is a two story three bedroom brick home on one acre that has an additional building housing a beauty shop. Thirty days later they... See more

Company details

  1. Mortgage Broker
  2. Mortgage Lender

Information provided by various external sources

30 Year Mortgage Rates. Get a Quote in 30 Seconds on Fixed FHA, VA and HARP Refinance Loan Rates. Search Today's Current Mortgage Interest Rates.


Contact info

2.2

Poor

TrustScore 2 out of 5

691 reviews

5-star
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Hasn’t replied to negative reviews

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Rated 1 out of 5 stars

Lead Purchase

From LO aspect, company leads are inconsistent, you pay for their services, give them guidelines on the types of leads that you would like to receive, and they do everything opposite of what you requested. You request a certain amount of leads per day and they never deliver on what was requested. You ask for certain amount of loan types, and they do everything opposite of what was requested, Inconsistent quality

10 March 2026
Unprompted review
Rated 1 out of 5 stars

This terrible ass company spams me…

This terrible ass company spams me multiple times aday. I have told them i have worked their process. they cant help me they have told me they cant help me. BUUUUTTT these dipshXts keep calling me after repeated asks to take me off their list.

24 March 2026
Unprompted review
Rated 3 out of 5 stars

I would like to point out to consumers…

I would like to point out to consumers on this review site that the company only provides a source of contact information about connecting you with a lender. Those who complain about the actual lender on a page that is strictly a review of Free Rate Update are acting out of ignorance of this fact. The lender is not a part of the company Free Rate Update; the company only provides access to borrowers for a fee to loan officers. If you can't distinguish between the two,your critical thinking needs to be fixed.

7 June 2025
Unprompted review
Rated 1 out of 5 stars

Extremely misleading

This is a scam. It presents itself like you are going to get a bunch of rates after you fill out their form. I went through their prompts and gave over all my information, only to have them lead me to a screen listing various lenders and links to those lenders where I could give them all my information again to get a rate. They DID NOT GIVE ME ANY RATES. I could have found all these lenders without sacrificing my information for free. Can't wait to get all the spam when they sell my info after giving me nothing of value.

4 April 2025
Unprompted review
Rated 1 out of 5 stars

Felt like bait thrown to the piranha

I wasn't even done typing my info in the web site for my free rate update when I got a call from the company (they let you pick email or text, forget that option. I chose email) While I'm talking to the first financer who called me, my phone started blasting by other companies calling and texting from all over the country. Non stop at the same time!!! I felt like a piece of meat thrown in a school of piranha. The sad thing is, there is no way to warn others. I only came on Trust Pilot after the damage was already done. I'm blocking a ton of calls now. BEWARE....They do sell your number.

2 May 2024
Unprompted review
Rated 5 out of 5 stars

Ernie Jackson

Ernie Jackson was very helpful, very knowledgeable and very kind . Had an excellent experience with this company. I would definitely recommend them again.

22 February 2023
Rated 2 out of 5 stars

I was bombarded with telephone calls

I was bombarded with telephone calls, emails, and texts from aggressive mortgage sales people for several days. I thought the system would provide targeted options, but it was a sales campaign that was disheartening and not aligned with my needs.

16 February 2023
Rated 1 out of 5 stars

You need a new appraisal company

You need a new appraisal company. This is the 2nd time I have gotten a low appraisal. When I challenged it, their review shows that I was correct but they refused to make corrections.

16 February 2023
Rated 3 out of 5 stars

Super great to work with but...

Super great to work with but.... within 1 months, 1 they sold my mortgage back to the same nightmare or a mortgage company we had gotten away from..... I did not spent all the time and money to switch companies just to go back..... not happy at all! Ask questions BEFORE you take the plunge.

10 February 2023

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