The US, EU and UK Central Banks: Making pretty colored pieces of more and more worthless by the day December 19th, 2007 | Category: Mortgage News US Fed (Ben Bernanke): I’ll take my dollars and cut 100 basis points. I’ll take your 100 basis points and your $500,000,000,000 dropping from helicopters and I’ll raise you a £55 billion failed bank bailout - and there’s plenty more where that came from! … home mortgage interest rate home mortgaf*ck it, perhaps we should just buy gold! Online mortgage applications are quick. An online application form takes about four minutes of your time filling it up. Approval can then be given within 24 hours. This is a far cry from the several business days it usually takes for traditional mortgage applications to be approved. In this regard, online mortgages are less time-consuming and even initially paper-free.