Online Mortgage Loans Review

BySarah BadaniJul.15, 2021
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In a Nutshell

Online Mortgage Loans is an online lending portal that lets consumers find and compare mortgage loans and rates from the top names in the industry. You can generate a list of quotes in less than 5 minutes. Then, you can compare these rates and get the most competitive terms available. With advanced security measures to protect your data, no obligations, and trusted services, Online Mortgage Loans makes mortgage shopping a cinch.


  • Fast, easy-to-use website
  • Works with the most reputable lenders
  • So much information available online


  • Not a direct lender
  • New to the industry

Online Mortgage Loans at a Glance

Loan TypesNew home purchase, home refinancing, home equity, home equity lines of credit
Featured LoansReverse mortgage loans
Repayment TermsVaries based on lender
Minimum Down PaymentVaries based on lender
Minimum Credit ScoreVaries based on lender
Suitable ForFirst time buyers, seniors 62+


Online Mortgage Loans is a free service that is geared toward helping consumers get competitive rates on mortgage loans. The concept is pretty simple: provide homebuyers with all the information they need to make educated decisions, tools to help calculate monthly mortgage payments, and a direct link to multiple reputable lenders. Why? So that the consumers can be in the driver’s seat, taking control of mortgage loan negotiations, and staying on top of the process for a change.

Suitable For?

Though anyone could benefit from the free services available from Online Mortgage Loans, 2 types of consumers will really maximize their savings with this option.

First-time buyers

Unaware of how the market works, what to be on the lookout for, and when they are being taken advantage of, first-time buyers can easily fall into the many traps set out by cold, calculating corporations seeking a profit. Online Mortgage Loans was made for consumers like this. It will give you all of the information you need to learn when trying to buy a home for the first time, including definitions, facts about rates, and loads of answers to all of your questions. Online Mortgage Loans also walks you through the entire process and even gives you a loan advisor to hold your hand until you are handed the keys to your new home.


Online Mortgage Loans also offers seniors a great option. Reverse mortgages are loans exclusively available to homeowners who are 62 or older. These loans are insured by the Federal Housing Administration (FHA). In short, reverse mortgage loans allow you to change your home equity over to cash without incurring any monthly mortgage payments. There are some fees that apply, but in general, this is an excellent option for seniors to save money and stay in their home.

Types of Loans/Products

Online Mortgage Loans is an amazing service that doesn't cost you a thing. It's important to note that this is not a direct lender. That means you will not be receiving a mortgage loan directly from Online Mortgage Loans itself. Instead, while you work with the service, you will be connected to one of the reputable lenders within Online Mortgage Loans' network.

Only lenders with a high level of customer satisfaction, quality loan products, and good reputation are allowed into the network. So, you can rest assured knowing that whichever lender they are paired with, the buyer is always safe. Well-known lenders include HSBC Bank, Integrity Mortgage Group, J.G. Wentworth Home Lending, and The Huntington National Group.

You will be able to get a wide variety of loan types depending on which lender you are paired with and choose ultimately for your mortgage loan. Some lenders like Quicken Mortgage offer more loans than others. Here is a list of the types of loans you can find within the Online Mortgage Loans network:

  • Fixed-rate mortgage loans
  • Adjustable-rate mortgage loans
  • Mortgage refinancing
  • Home equity loans
  • Reverse mortgage loans
  • Jumbo loans
  • FHA loans
  • VA loans

And more. There are hundreds of lenders in the network, so you can easily find one that has the type of loan you're looking for. Credit score required, APR, down payments, loan terms, and eligibility are all subject to the individual lenders.

The Application Process

Applying with Online Mortgage Loans is fast and simple. Here’s what to do:

  • Visit
  • Fill in your zip code, what type of home you’re purchasing, how much it costs, how much down payment you will have, what your credit score is, and some basic information about yourself.
  • Wait for Online Mortgage Loans to get in touch.

It’s that simple. Online Mortgage Loans will process your information and pair you with the lenders that fit your criteria and borrowing needs.

Rates and Fees – The Bare Basics

Online Mortgage Loans is not a direct lender. Therefore, it does not set any rates or fees. The bad news is that individual lenders do set fees and rates. The good news is that Online Mortgage Loans is a free service, so you're not paying anything to get paired up with a lender and compare rates.

The other good news is that Online Mortgage Loans works with the most competitive lenders in the market, so you are always getting fair rates and low fees regardless of which lender you work with.

Repayment Terms

As with other details concerning your loan, Online Mortgage Loans does not deal with the nitty-gritty. Instead, the individual lenders will set your repayment terms. You can expect to find terms ranging from 5 years up to 30 years for typical mortgage loans.

Help & Support

Online Mortgage Loans has a detailed FAQ section on the site, so you can scan it to find answers to your questions. You can also send customer support an email, or use the direct contact form on the website.


Online Mortgage Loans is a refreshingly easy website to use to get competitive rates and repayment terms on your mortgage loan. Great for newcomers, Online Mortgage Loans offers loads of quality information, and seniors will appreciate the reverse mortgage option as well. Working with the most popular names in the industry, Online Mortgage Loans ensures a quality experience every time.


Q: What do I do after I have accepted an offer from one of the suggested lenders?

A: Congratulations! Once you’ve accepted your lender’s offer, you will be contacted by an Online Mortgage Loans loan advisor on how to proceed. Likely, you will need to provide further documentation, including income and assets documentation before closing on your loan.

Q: What are ARMs?

A: An adjustable-rate mortgage (aka ARM) is a mortgage loan that comes with a fluctuating interest rate. The rates will vary depending on the financial market it is linked to. For example, LIBOR (London Interbank Offering Rate) is one index used to determine the current interest rate.

Q: Do I need to complete the application in person?

A: Not at all. Online Mortgage Loans is here to make things more convenient for borrowers. As such, you can fill out your application form online. Alternatively, you can speak to a loan advisor and get a personalized quote entirely over the phone.

Q: How long does the process take until I get my money?

A: The entire lending process varies greatly from one borrower to the next. Usually, the longest stretch is when Online Mortgage Loans is waiting for documentation from the borrower. So, the faster you send in your information, the sooner you get your money. Once the loan is approved, you can expect to see the funds deposited into your account within 3-5 business days.

Physical Address

Online Mortgage Loans

531 Main Street

Suite 902

El Segundo, CA 90245

Visit Online Mortgage Loans

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