Technology is a fabulous tool, but just like a hammer – if swung wrong results in a very soar thumb.
A new trend in the mortgage industry is imposing its will on unsuspecting homeowners. Lets say you’re looking into the prospects of buying a new home or refinancing an existing loan. You call your debt management partners, Todd Abelson and Tyler Ford at Sunstreet Mortgage. As part of the initial process we pull your credit report and discuss your plans, needs and options. Two hours later your telephone rings or worse SOMEONE ACTUALLY SHOWS UP AT YOUR HOUSE. The caller introduces themself as a “mortgage professional” trying to save you from making a terrible decision. What’s the problem? You didn’t call THEM!!! Just like the Lawyer following around an ambulance rushing to the scene of an accident in hopes of landing a client, these folks are hoping to convince you to work with them.
But how did they know you’re thinking about a mortgage? Technology!!! Unless you’ve “opted-out” with the credit bureaus (TransUnion, Equifax and Experian) they’re SELLING your inquiry information to third parties! So all these Mortgage “ambulance chasers” need do is sit back, wait for the inform to come in and then rush to your “aid”.
One thing we can be certain of – these alleged professionals are nothing but leaches not worthy of your time or attention.
Make sure you’re working with acknowledged professions before proceeding. In the current mine field known as the “Credit Markets” only a truely knowledgeable, experienced advisor can see you safely through to your destination. Call us. We’re here for you!
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