3 Disadvantages of using an Online Mortgage Lender in Fort Lauderdale If you’re a first-time homebuyer and/or not very computer literate, it’s important to research your options and weigh them against one another before making that home-buying decision. When compared to a brick-and-mortar mortgage lender, there are 3 disadvantages to using an online mortgage lender when buying a home: Hidden closing costs and fees – although any lender can work these into the sale to increase their profits, it’s easier for an online mortgage lender to hide these in a long, complex digital document. Furthermore, there’s more confusing language and fine print in an online mortgage. Lack of customer service – since you aren’t dealing with a real individual, customer service and communication isn’t as much of a priority when dealing with an online mortgage lender. You won’t have the personal touch that an agent or lender gives you when asking questions nor do they have a vested interest in your needs. Rates aren’t guaranteed – online mortgage lenders entice you with promises of lower rates without knowing whether or not you even qualify. Over the life of the loan, these bait-and-switch techniques can end up costing you significantly more. Florida State Mortgage Group, Inc. 1512 E Broward Blvd #204A, Fort Lauderdale, FL 33301 Mon-Fri 9am-5:30pm Sat:10am-3pm Sun:10am-2pm https://www.google.com/maps?cid=5464149498827190981