Serena Agha has worked for five companies in the past three years. In that brief time, she's experienced consolidations, layoffs, acquisitions and bankruptcies. Based on the benefits listed above, online mortgages may be the best type of mortgage for you. Generally, mortgage brokers who conduct their business online charge lower fees compared to traditional brokers. What's more, online rates are updated everyday, thus keeping you aware of the changes in interest rates.