Have you ever asked this question: Is applying for an online mortgage in Greenville safe?
Sadly the fast answer is: For most people – Probably not!
Well then, why do we have an APPLY ONLINE BUTTON? Very good question! So, here is the longer answer:
Recently a New York Times article reported that more and more people were applying online for their mortgage loans than ever before. No reason to expect otherwise since we use the internet today for so many of the things that traditionally we had conducted in person, substituting a few keystrokes or taps on a screen over a drive in ever increasing traffic or waiting on hold to speak to a live person if you can find one. From insurance and banking to ordering our groceries, more and more of our daily transactions are being conducted on our computers, phones or tablets. We hope that our data is safe, but recently news reports of information being hacked at some of the US’s largest retailers and banks have given us all a bit of a pause to trust who really has access to our orders and information.
But, more than all of this above, shopping for your Greenville mortgage online might become a very confusing, frustrating and even overwhelming nightmare if you’re not careful. That is way I say, for most people that might apply online, well, perhaps they probably shouldn’t.
Here’s more about the dangers of applying online:
Many unsuspecting individuals are apply for loans on the internet only finding out later that they did not apply for a mortgage at all. They have merely entered their personal information into a database of a company that is going to turn around and sell that information to countless other business that want to sell you products and services. So, instead of a friendly call from a Professional Mortgage Broker they are flooded with calls and emails for solicitations from home improvement companies, credit repair companies, home insurance companies, and the list goes on and on. Eventually they might get a call from a mortgage company or worse calls from multiple mortgage companies.