Online, you can shop around to get an idea of what’s available from various mortgage lenders. There are some “mortgage calculators” on the Net where you can get an idea of how large your monthly payments will be, with different loan amounts or interest rates.
What about getting a mortgage online? If you want to refinance a loan, you can search the Net for the lowest rate.
If you’re a homebuyer, especially a first-time homebuyer, the Net can be very confusing. Moreover, there’s more of a chance of falling victim to some scheme or having your privacy invaded.
You should use the Net for preliminary research, then find a lender that will provide the personal service you want. The information you’ve gotten on the Internet can help you make sure you get a competitive rate.
