Many Americans See Online Mortgages Soon

(Washington-AP) -- Think that someday you might get your mortgage online? Join the crowd. A new survey indicates about half of Americans believe most home mortgages will be handled over the Internet by the year 2005. In addition, the survey by Fannie Mae indicates that a growing number of consumers would be willing to think about applying for a home loan online.

A Fannie Mae official says the survey indicates that there's a ``positive shift'' in how people view the Internet. Instead of merely being a conduit for information, more and more consumers are willing to use the Internet to actually seal the deal when it comes to getting financing for a home.