When you are in the market to purchase a home or to refinance, you are likely to encounter many unfamiliar processes. One aspect that often surprises homebuyers is spam calls that can follow a credit pull. At Residential Mortgage, we're here to demystify this experience, so you can focus on the loan process without unnecessary distractions.
A credit pull is a necessary step in the mortgage application process. Lenders need to review your credit history to assess your history of timely payments and determine your eligibility for a home loan or refinance. This process involves accessing your credit report from one or more credit bureaus.
At Residential Mortgage, we perform credit pulls responsibly and only when necessary, ensuring your credit health is treated with the utmost care.
You might notice an uptick in spam calls shortly after your credit is pulled. Here's why:
When lenders pull your credit, it generates an inquiry recorded by the credit bureaus. Credit bureaus may sell this inquiry data to other companies offering financial products, a practice known as "trigger leads." While legal, it can be frustrating to receive unsolicited calls and offers. Residential Mortgage does not sell your information.
Dealing with spam calls can be irritating, but there are steps you can take to minimize their impact:
At Residential Mortgage, we prioritize transparency and your peace of mind. Our team is committed to guiding you through the mortgage process with clarity and support. If you have questions about credit pulls, protecting your privacy, or any other aspect of home financing, we're here to help.