The Internet has revolutionized the way we communicate
with each other and the way many companies and individuals
do business. The real estate market is certainly not
immune to the changes caused by online commerce, especially
in the area of mortgages.
Mortgage-related content online is at an extremely
towering level. A Google search for the term “mortgage”
reveals over one hundred million results. While some
of these may not actually be sites dedicated to mortgages
or related information, the number of mortgage websites
still remains incredibly high.
The mortgage-related content online can be divided
into a number of groups. The first of these is mortgage
articles and information. Many sites have a wealth of
articles explaining how mortgages work, different types
of mortgages, the ins and outs of refinancing, how credit
affects mortgages, and how to shop and apply for mortgages.
Due to the Internet, there is an unprecedented amount
of raw information on mortgages available to the average
Similarly, many sites also contain up-to-date information
on rates and market trends. This makes it easy for amateur
analysts to keep up with what is going on in the market,
giving them information that might affect their mortgage
decisions. Websites also provide mortgage calculators,
giving people a way to plug in information to calculate
payments, compare loans, and, more easily, make additional
Finally, the Internet has given consumers a new way
to shop for mortgages. They can enter their information
online and be contacted almost immediately with a list
of lenders who meet their needs to choose from. This
is probably the most touted aspect of online lending,
but the other, more informational sites, help many consumers
become more comfortable with actually shopping online.