Simplist Mortgage Review 2022: Compare Mortgage Rates

Although comparing mortgage rates across multiple lenders can be tedious, Simplist Mortgage is cutting through the slog of a search process for you. The platform helps you easily comparison shop for the best mortgage rates with a single application.

There’s no getting around the fact that buying a home is expensive. The average mortgage payment is sitting around $2,064 for a 30-year fixed-rate mortgage. But the interest rate attached to your loan may have a big impact on your costs. Even a small change in the interest rate can save you thousands over the life of your loan. Read our Simplist Mortgage review to see how it can make your home-buying experience easier and less expensive. 

What Is Simplist?

Simplest Mortgage is a digital mortgage marketplace. The company was founded by Chris de la Motte and Anthony Sherman after Motte encountered a challenging mortgage shopping experience.

The team’s mission is to help homebuyers get the best mortgages on the market. And it’s committed to helping home buyers, whether or not they fit into the traditional employment mold. 

What Does It Offer?

Simplest Mortgage offers a streamlined way to comparison shop for the best mortgage out there. Here’s what the platform has to offer. 

Comparison Shopping Made Easy

The process of working with Simplist Mortgage starts with a short application. Within as little as five minutes, you could have your preapproval in hand. 

From there, you can start browsing the best loan options out there. You can select a loan from one of the dozens of lenders. The ability to compare rate options in a single place can help you save more money.

Even a small interest rate difference could save you thousands.

Streamlined Mortgage Closing

Once you select a loan, you can let Simplist know to seek approval on your application. Depending on the situation, you could get full approval in as little as 48 hours. 

Within the Simplist platform, you can upload documents, order appraisals, and more. You’ll even schedule closing online or with a Simplist Loan Expert. As a home buyer, you’ll appreciate having all of these details in one easy-to-use platform. 

Soft Credit Pull

When you apply with Simplist, the company will conduct a soft credit pull. With that, your credit score won’t be affected in this initial stage. 

If you decide to move forward with a particular mortgage, a hard credit inquiry will be initiated. The application should only take a few minutes to complete. 

Availability

Simplist is available in a large number of states. But not everywhere. 

As of July 2022, the company originates mortgages in California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Kentucky, Maine, Minnesota, Mississippi, Montana, New Jersey, Ohio, Pennsylvania, Tennessee, Texas, Washington D.C., and Wyoming. 

The company is planning to expand into other states soon. 

Are There Any Fees?

It’s free to apply with Simplist and you can easily compare rates without an application or processing fee. 

However, if you move forward with closing on the loan, you will be charged a fee. The exact fee structure isn’t available but you’ll see the exact costs in the loan estimate disclosure form after submitting the full application. 

How Do I Contact Simplist Mortgage?

You can contact Simplist through calling 646-992-4696, the chat box on their website, or by setting up a time to chat. Additionally, you can connect through Instagram @Simplist, Facebook @simplistmortgage, and LinkedIn @Simplisttech. 

The company has earned an A from the Better Business Bureau.

How Does Simplist Mortgage Compare?

Simplist Mortgage isn’t the only way to compare mortgage rates across lenders. But what makes this company stand out is the ability to complete the entire mortgage process within their easy-to-use platform. 

Morty is a broker platform that helps you compare mortgage rates and finalize the closing process. The choice between the two can be easy depending on where you live. Keep in mind that Morty isn’t an actual lender and their services are currently available in 36 states.

How Do I Open An Account?

If you want to explore your mortgage options with Simplist Mortgage, start by selecting ‘I’m purchasing’ or ‘I’m refinancing.’ This will prompt you to create an account. 

At this point, the platform will ask for some information. Be prepared to provide: 

• What kind of property you are purchasing
• The location
• Estimated purchase price
• Down payment amount
• Purchase timeline
• Current address

At the end of this process, you’ll create a password. From there, you can start comparing your mortgage options. 

Is It Safe And Secure?

Simplist Mortgage uses bank-level encryption practices to keep your information safe throughout the home buying process. If you run into any concerns, reach out to your Simplist Loan Expert. 

Is It Worth It?

Simplist Mortgage is a very useful tool for soon-to-be homeowners. The platform allows you to painlessly compare rates. 

When you work with Simplist, you know that you are getting the best possible rate for your mortgage. And ultimately, that could save you thousands. Since there isn’t a hard credit inquiry to explore your options, it doesn’t hurt to take a look at what Simplist has to offer. 

If you don't have the time or energy to hunt around for the best rate, this platform is solving a big challenge. 

However, if you want to expand your research in conjunction with Simplist, check out our review of the best mortgage lenders to keep on your radar. 

Simplist Features