1. Some online mortgage brokers and lenders might not be licensed in all 50 states yet, due to the nature of the internet, their site can come up during your research.
2. It is impersonal and you might feel like it’s easier for you to get yourself in trouble. However, that’s not the case. If you’re in a state that requires mortgage brokers and loan officers to be licensed, they’ll be licensed whether they work online or in the ‘real’ world.
3. It may seem that there’s less accountability online. Remortgage online or off, you’ll find the same mix of reputable outfits. Obviously, if you come across a website that is not registered with your State you’re not going to do business with them.
Online Remortgages Are a Good Option
So, an online remortgage is a good option. It’s convenient and saves time but you have to be prepared, you have to do your homework.
That means you get online remortgage quotes based on your full information (the remortgage quotes they lure you in with not being based on your financial standing). That you get several quotes. That you ask for references (happy customers), search with the Better Business Bureau and your State for several outfits. That you use the internet to find out what people who’ve dealt with the companies you’re interested in have to say about them.
Simply put, you have to do your due diligence when getting an online remortgage quote, and if you go all the way and get an online remortgage loan.
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