Advantages of Online Mortgage Shopping

Increasingly, people in the market for purchase or refinance mortgages are initiating their searches online. There are several advantages to shopping online for mortgage services; the primary ones are listed below:

Greater understanding of loan terms and costs. The internet is a great source to learn the nuts and bolts of the mortgage process, and to gain an understanding of the typical rates,costs and fees associated with obtaining a loan. It is important to understand the difference in mortgage loan types, terms and conditions, and there are several objective sources available on the net.

Websites like bankrate.com enable borrowers to enter their loan information and receive instantaneous rate quotes from multiple mortgage lenders, without the hassle of responding to a barrage of emails and phone calls from overzealous loan officers. A typical search will enable borrowers to do side-by-side comparisons of multiple loan scenarios and rate quotes.

Studies have shown that potential borrowers with incomes of more than $50,000 are more likely to obtain an online rate quote at the outset of the loan process than borrowers with lower incomes, and that, in general, online shopping leads to more competitive rates.

It is important to understand the mortgage process and employ available resources to get the loan that fits your needs best.

Visit us a www.kertinmortgage.com to obtain free real time rate quotes or obtain additional information about the loan process. Kertin Mortgage Group is licensed to originate residential mortgages in Indiana and California.

Increasingly, people in the market for purchase or refinance mortgages are initiating their searches online. There are several advantages to shopping online for mortgage services; the primary ones are listed below: Greater understanding of loan terms and costs. The internet is a great source to learn the nuts and bolts of the mortgage process, and […]