Opinions of applying for loans online?

[Brooke Reeves]

Do you think that it is better or worse, then the traditional way of going and applying at the bank?

[Eric Veronica]

@Brooke Reeves This is a very interesting question.  Up front the applying online process can seem easier and cleaner however it can miss some very important issues that a face to face or a phone call may uncover.  If you are a salaried employee, with good credit, and good equity who is looking to refinance a primary residence then an online application is fine.  On the flip side If you are self employed, a commissioned employee, credit challenged, a property investor, etc you can still complete the online application but I would highly recommend speaking to the loan officer to clarify anything that you think might need further explanation.  

A hybrid process is probably best in my opinion.