Stop unsolicited mail and phone calls for credit cards and mortgage offers. Many of these callers use deceptive practices. Since July 1, 2002 the four major credit bureaus in the USA have been able to release or sell your personal information. Protect your identity. You may Opt Out for up to five years by visiting the website above or calling 888-567-8688. Be advised that you will need to provide your social security number. Each member of your family must individually complete the Opt Out process. Find more information on the Opt Out process by doing a Google search of visiting the Federal Trade Commission’s website www.ftc.gov
If you are not ready to contact a mortgage expert, you can still take steps to prepare. Obtaining a copy of your credit report will allow you to see your scores and correct any mistakes prior to making loan application. Of course, your Synergy loan consultant can also pull a credit report for you and will provide a copy. This report is good for 120 days. Our loan consultants are certified to teach a course on credit scoring, “Shedding the Light on your Credit Score.” Please feel free to call our experts with questions about your individual situation or concerns.
The Federal Reserve Board maintains a web page with consumer information, including a section on home mortgages. The section covers topics such as finding the best mortgage and understanding ARMs.
The Mortgage Bankers Association of America is the preeminent association representing the real estate finance industry. Their consumer information site contains several tools and guides to aid in purchasing or refinancing a home.
What happens after you complete the purchase process? This U.S. Postal Service site provides all kinds of tools and tips to help make the moving process easier.
Freddie Mac is a publicly held corporation chartered by Congress to increase the supply of funds that mortgage lenders, such as commercial banks, mortgage bankers, savings institutions and credit unions, can make available to homebuyers and multifamily investors. This Freddie Mac site offers a step-by-step tutorial on the home buying decision process and the mortgage application process.