Tips from the FTC on How to Avoid Unwanted Calls After Applying for a Mortgage

When you apply for a mortgage, you may start receiving a lot of calls, emails, and letters from competing mortgage companies. This is because of a federal law that allows creditors to identify potential customers and market their products to them. The offers are based on information in your credit report that suggests you meet certain criteria set by the creditor.

These prescreened offers of credit can be beneficial in highlighting other available products and making it easier for you to compare costs. However, some people may prefer not to receive them at all. If you want to opt out of these offers, you can call 1-888-5-OPTOUT or visit optoutprescreen.com. You will be asked to provide personal information, including your name, Social Security number, and date of birth. Opting out of prescreened offers will not affect your ability to apply for credit.

You can also put your phone number on the National Do Not Call Registry to reduce telemarketing calls at home. To register, visit donotcall.gov or call 1-888-382-1222. However, it is important to note that the registry may not shield you from all telemarketers, especially those with which you have a business relationship.

Overall, it is important to be aware of your options and take steps to protect your personal information and avoid unwanted calls and offers.