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2. Accountability can be a problem – you really need to stay on top of things, which can be troublesome if you don’t know what you’re doing.
3. You may be getting
deal that best suits their needs, not yours.
4. Sometimes you have to pay an application fee even before you know if your application has been successful – something that is not always
case in
‘real’ world.
5. If things go wrong, and your online home loan mortgage provider doesn’t come through, there’s no formal organization you can complain to.
So, while applying for a home loan mortgage online may be a good idea, to keep your options open you may also want to talk with a real estate broker in
'real world' about applying for your home loan mortgage. That way you can make your final decision of who to go with when you are closer to locking in
loan.
To see our list of recommended mortgage lenders online, visit this page: Recommended Mortgage Lenders

Carrie Reeder is the owner of ABC Loan Guide, an informational website about various types of loans. The site has informative articles and the latest finance news.