Having a Pre-Contract Loan Commitment makes the home buying process much more efficient and productive. It give you leverage when presenting an offer and negotiating a counter offer. It will expedite the closing process when you do find your new home. There is a world of difference. These terms will be explained in next months article which will also explore the mysteries of credit scoring.
Convenience is the third reason to apply online.
You can apply for a mortgage online 24 hours a day 7 days a week. You can apply from your home, office, local library or any location that offers access to the Internet. No need to take time off work or away from play. Avoid the embarrassment of baring your soul to a loan officer asking a never- ending series of personal questions. Fourth is Speed .