Where Mortgage Leads Come From
Just within a few seconds of answering that call from the salesman wanting to offer you a new loan for your home, you begin to wonder where in the world they found you and your information. While these calls are something that a lot of people get upset about, there is no harm in listening to them for a minute, especially if you are in financial trouble at the moment. Maybe, just maybe, another company can offer you a lower interest rate, which would in turn, make your monthly payments go down. Being apart of the mortgage leads that were called does not have to be a negative thing.
But you are wondering how it is possible to trust someone who you have no idea where they found your information. It may help you to understand that there are various places where your information was found. A lot of these companies have people or systems that search out those in trouble with their current mortgage and possibly even facing foreclosure. Knowing that those people are generally desperate or looking for a way out, they make the call in hopes of securing a deal with you. Your home loan information can be searched and found by anyone through county records. You are now apart of that ever-growing list of mortgage leads.
What To Watch For
Most of those companies who search out mortgage leads are on the up and up but there are a few who are not. Those are the ones you want to be careful of as they might be after you for your money and you are really not one of their mortgage leads but yet a possible victim. Be careful of what information you give a company over the phone and never ever give your social security number to someone over the phone and especially to a company who you have not yet thoroughly checked out.
Mortgage leads must be warned that if you were truly sought out by them for a possible loan, they would already know a lot of things about your situation. For example, the calls to mortgage leads should never start by asking someone if they have a home loan because they would know the person already does. They would also know roughly how much you owe and possibly even the status of your loan as foreclosures are often recorded and are publicly accessible. Mortgage leads must be proactive in order to make sure that they do not fall victim to some new scam.
