Pros and cons of getting a home loan online
Depending on your circumstances, a home loan could be the biggest line of credit you take out in your lifetime. So it’s important to be 100% confident when applying for a mortgage, whether it’s online or at a bank branch.Online home loans are becoming increasingly prominent and popular, particularly in response to COVID-19, with traditional banks and dedicated online lenders offering paper-free applications you can fill out without leaving your living room. If you’re considering applying online – with an exclusively digital lender or a bricks-and-mortar bank – make sure you read these pros and cons of online home loan applications first.
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