Big Changes in Mortgage Lead Sales: What Homebuyers Need to Know
Hey there! I wanted to share some important news that could affect you if you're looking to buy a home or refinance. Starting March 5, credit bureaus can no longer sell your information as 'trigger leads' after you apply for a mortgage. This means fewer unsolicited calls from various lenders trying to pitch you their services right after you check your credit. However, your original lender or current servicer can still reach out to you, so don’t be surprised if they do.
It's also vital to be cautious about where you share your info online. If you fill out forms on third-party websites, they might still sell your data, which could lead to those pesky calls. So, if you're considering applying for a mortgage, reach out to me first. I can help you navigate the process and make sure you're protected.
Another thing to keep in mind is the ongoing conversation about making homeownership more affordable. Many are advocating for lower costs associated with mortgages, such as loan level price adjustments and guarantee fees. If these costs go down, it could make buying a home more manageable for you. As we move forward, I’ll keep you updated on any changes that could benefit you.
If you're thinking about buying or refinancing, now is an excellent time to talk. I’m here to help you get the best possible deal and guide you through this ever-changing landscape!
