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Are you shopping for a new home? Maybe you*re not sure where to look or who to contact about financing options. One of the first places you may want to check is the online Internet site, Mortgage Mall (www.mortgagemall.com.au). One of the best-known and productive financial institutions in the mortgage business, this lender will let you begin the loan application process online to save time and possibly money. All you have to do is visit the site, answer the questions, and click *submit* with your information. In a matter of hours you could be getting a response to your initial query.

Wizard (www.wizard.com.au) is a comprehensive lending site that lets you check out the current mortgage and loan terms for which you may be eligible. Information about interest rates, loan options, and other useful information is available, which you may want to keep in mind when applying for a mortgage loan. Many first-time home buyers or sellers will find useful details involved in the process by checking out online sites in their spare time rather than expecting to get all the information from a single lender in a 30-minute appointment.

To get the best mortgage deals, you will want to spend some time browsing current terms and offers that are available through many online lenders like Rams (www.rams.com.au). Compare interest rates, application fees, points, appraisals, and other requirements for each lender to see what you will need to apply and to complete the loan. Be sure to look for trustworthy lenders, checking local business listings if applicable. There are fly-by-night mortgage companies doing business by promising low rates, demanding loan application fees, and then rejecting the loan after you*ve paid $300 to be told *no.* Granted, some applicants should not and will not be approved for a home mortgage loan. But many reputable lenders can weed out applicants who are unable to manage a mortgage payment before they go through the effort of completing a full application and paying the fee.

Don*t be hasty in submitting an application online. First, check out the possibilities among local lenders and several Websites. You can request loan quotes at some Websites and get a return email with the requested information in a day or two. Remember, once you apply, you may lose money or low rates if you switch to another lender during the approval process. Find out what each mortgage provider requires in terms of fees and signatures for the application process. You should be able to find out up front a fair estimate of what you will be expected to pay, along with your chances of being approved. Nothing is absolute, of course, but hopefully you will get some kind of indication from the loan officer.

Online mortgage applications are another way of expediting tedious business transactions that were time-consuming previously. Check out the various loan sites that welcome your business and are willing to provide quality service toward a win-win situation for all concerned.