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Tips for Shopping for mortgages online
If you are planning to shop online for a mortgage, here are some tips from Fannie Mae:
- Research an online lender the same way you would a traditional bank. Read the contents in the "About" box, which usually contains more information on the company and its policies.
- Get familiar with the company's online privacy and security policies, including how it uses the information collected about you.
- Make sure that you also can contact an online lender easily by telephone at any time during the mortgage process.
- Understand the level of off-line support available and what recourse is available if you have questions or issues.
- Be knowledgeable about the terms, conditions and costs involved in your transaction.
- Make sure the Web site you are on has a yellow padlock symbol, meaning it is private and secure.
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