With more and more people shopping on line, I'm often asked the advantages / dis advantages of using an online mortgage company. My advise is to use a local Mortgage Broker... not a bank or Internet mortgage company. Brokers have access to a vast network of lenders with varying programs that enables them to find the right product for the right scenario.. by dealing with someone local, they will be on top of the local laws and processes. Online lenders might be licensed to do business in your state, however that does not mean they are familiar with how you do business or the customary processes, time frames, and legalities... by dealing with someone local, they know the process and can anticipate problems before they actually develop... in the last stages of a loan, particularly purchased loans, this can be crucial, as deadlines and pending foreclosures are a part of today's lending environment. WilliamAcres.com