The Mortgage Loan Application Online - Save Time & Money By Applying On The Internet

"You can save time and money by applying for a mortgage loan online." This often touted tagline seems like a gimmick, but it's true. Here's why:

You Do The Work

By researching your loan online, you save time from visiting an office and getting the run-around from loan officers. It is unlikely you will get a straight mortgage quote from a bank over the phone, but you can get quotes from several lenders at once using a mortgage broker site. You also save time and money for the mortgage lender by accessing financial information online.

You also save the mortgage lender time when you fill out the mortgage loan application online. By entering your information into the mortgage lender's database, you reduce the need for data entry clerks. Your information is then verified efficiently through databases for an almost instant approval.

Consolidated Mortgage Offices

With the Internet, mortgage lenders are able to consolidate their offices into one spot, usually in a low cost area of the country. With reduced overhead and a smaller staff, mortgage lenders can increase their profits or pass the savings onto consumers in the form of lower rates and fees.

Efficient Processes

Online mortgage loan applications are efficiently designed to reduce time and costs for both you and the mortgage lender. Instead of haggling with a loan officer over terms of your loan, you feel out a simple form that include such options as buying points to reduce your interest rates.

Information At Your Finger Tips

You also save time when you fill out your mortgage loan application online. At home, you have access to all your financial records, unlike at a bank office. If you need to change information on a form, you simply correct the error instead of filling out an entirely new form.

Online Competition Saves You Money

With the internet making comparison shopping easy, mortgage lenders are forced to be competitive with their rates and fees. In order to increase their profits, some lenders reduce their rates only to increase their fees. So be sure to compare both rates and fees when looking for a mortgage lender.

To view our list of recommended mortgage lenders online, visit this page: Recommended Mortgage Lenders Online.

Carrie Reeder is the owner of ABC Loan Guide, an informational website online about various types of loans.

---

Bad Credit Remortgage Loan: When Bad Credit Plays Mischief With Your Mortgage

Financial difficulties are married to bad credit. It is a... Read More

Need a Mortgage, Refinance or Equity Loan? Learn What it Takes, Before Applying

Do you know what it takes to qualify for mortgage... Read More

The Power of a Home Equity Loan to Pay Down Debt

Households across the country are finding themselves in a similar... Read More

Bad Credit Home Loans

There was a time that seems like decades ago when... Read More

Should You Get an Interest-only Home Mortgage?

Before you consider taking out an interest-only mortgage, you should... Read More

Sub-Prime Mortgage Loans - Things You Should Know About Sub-Prime Mortgages

Sub-prime mortgages are not that much different from average mortgages.... Read More

Poor Credit Mortgage Reigns High Among Mortgages Available to Bad Credit Borrowers

Like a big brother keeping notes of the erring behaviour... Read More

Find the Best Mortgage Company

If you do not wish to commit to living in... Read More

Seniors Can Use a Reverse Mortgage to Fund Annuities, Investments, and Insurance Policies

For many seniors in or entering retirement, the prospect of... Read More

Jumbo Mortgage Loans - Getting Approved for a Jumbo Mortgage Loan Online

Getting approved for a jumbo mortgage loan online is similar... Read More

Interest-only Equity Loans Create Amazing Power and are Quite Easy to Get

The power of home equity and interest-only payments, provided from... Read More

Reverse Mortgages ? a Reversal of the Mortgage Process

Mortgages have assumed a number of characters from the time... Read More

Should You Choose to Refinance?

Refinancing has become a valid option for many individuals with... Read More

New York Refinance - Refinancing in New York

If you are looking to refinance in New York, it... Read More

Home Mortgage Rate Shopping - Why Some Shoppers Give Up And Others Dont

About 29% of current homeowners and a much larger percent... Read More

How to Find the Best Mortgage

The purchase of a new home is one of the... Read More

Mortgage Loans For People With Adverse Credit - How Much Should You Borrow

"How much should you borrow?" is a question people with... Read More

Fixed Rate Mortgage vs. Adjustable Rate Mortgage

The most basic distinction between types of mortgages that are... Read More

Home Loans and Mortgages ? The Myth of Tax Deductible Interest

Home ownership has risen sharply in recent years, and the... Read More

Home Equity ? Is it Time to Cash Out and Move?

During the last five years, home prices have increased nationwide.... Read More

Buying A Home After Bankruptcy - Get A Mortgage Loan After Bankruptcy

If you have a recent bankruptcy on your credit and... Read More

Buying A Home? Reasons to Consider Financing Your New Home Loan Online

Financing your new home loan online can save you time... Read More

A Guide to Selecting a Mortgage Broker in Australia

Once you have made the decision to buy a home... Read More

A Simple Way to Save Thousands on Your Mortgage Charges

How many times do you check you restaurant bill? If... Read More

Mortgage and Credit Card Companies Under the Spotlight on Consumer Charging

For the first time since May 1996 reports have indicated... Read More

Sound Financial Standing Entails Capital Raising Remortgage

Raising capital is integral for growth and expansion of an... Read More

Home Equity Loan - Is It For You?

A Home equity loan has become an easy way to... Read More

Home Mortgages: Should You Apply Now?

If you're thinking about applying for a new mortgage or... Read More

Mortgage-Refinance Treachery: Avoid Mortgage Bankers and Brokers Biggest Trick -- The Sales Pitch

What the average homeowner or home buyer fails to realize... Read More

How do I know what is the best Second Mortgage Home Loan for me?

The information in your credit history helps mortgage lenders decide... Read More

Home Mortgages: How About Those 1.75% Loans?

You've undoubtedly heard or seen ads for mortgages with very... Read More

Financial Rebirth Through Remortgage

Seldom in ones life do we get a chance to... Read More

Desperately Seeking Good Leads, The Adventure Driven Loan Officer

As loan officers, the word "lead" is by far one... Read More