They all said, 'You have to buy it,''' says Weiler. Almost every real-estate Web site can connect you with someone selling mortgages. In some cases, banner ads link you to a bank or mortgage company. These online mortgages can be cheaper than the conventional variety. To close, buyers are referred to local offices of lawyers, title companies, and business affiliates.
Online mortgages can suffer from snags.
He had to fax documents on his investments back to E-Loan before the settlement could occur, four hours late. Despite such hassles, real estate cybershopping is providing tremendous savings of time and money to homebuyers and sellers alike. Sure, if you're a buyer, you'll eventually need to walk through the door of your dream home and see if that great room really is as spacious as the pictures you saw on your monitor. But think of how much easier the Net made it for you to locate that home in the first place. The McGraw-Hill Companies Inc. All rights reserved.