If you're looking for a mortgage and are a well-qualified borrower with no problems, getting a mortgage over the Internet could work just fine for you. No-brainer loans are their specialty.

Dian Hymer, author of Starting Out, The Complete Home Buyer's Guide (Chronicle Books) says if the loan is anything but simple, you would be better off using a conventional lender.

Be cautious. Those handling the loans are often not experienced. Borrowers should monitor the process every step of the way to be sure that fees are correct, that local laws are followed, and that the mortgage closes on time.

Make more than one application.