There are reputable ones but be cautious. Also be aware that any time you apply for a loan of this nature it will count as a credit inquiry on your credit score, if you have more than a couple in the last year it will start deducting points from your score. I went through the home loan process this past year. You need to have all of your ducks in a row in regards to your credit. First and foremost you need to get your credit report which will show any outstanding debts you owe, there may be some you're not aware of if you have ever moved in the past couple years. Old accounts where you never got a final bill because they didn't forward it to your new address. I think annualcreditreport.com will allow you to get a free credit report from all three companies, you are allowed to get 1 free one a year. Save any of the documents they give you because you can't reaccess it once they give it to you. Once you know your credit score is up to par.. (has to be at least 650.. although there are a few companies that will do 620) If your credit is up to par then I would inquire within your local area banks first for a home loan. They might be able to review your credit situation first to see if you would potentially be eligible, before doing a thorough credit check which will ding you. Otherwise any of the top name banks would be your next best bet to do it online.
If your credit is not up to par I highly suggest repairing your credit first before you get into any loan that has much higher interest than you deserve. creditkarma.com is a truly free service where you can montior your credit. It gives you an estimate of your credit score which is fairly close, and shows your outstanding debts. Study up on the mathematics of credit all you can before you go through with this
This is a great question and is exactly the problem I thought the online lenders wouldn't be able to get over. On the one hand you have services that will make different lenders compete for your business, but on the other hand to use them you will have to give your social security number to allow them to compete. Personally I am too protective of my personal info to do it, and recommend you find a local lender (or three to compare) and deal with them directly rather than risk it.
99.99999% of online lenders are SCAMS.
Good luck finding a real one.
No, don't do it! Even if safe your information gets sold to spammers.
Is it safe to apply for a loan online.there are so many of them online and not sure which was is for real.
