How To Prevent Your Credit From Being Sold - Your Mortgage FAQs with Tom Heath of NOVA® Home Loans

How To Prevent Your Credit From Being Sold - Your Mortgage FAQs with Tom Heath of NOVA® Home Loans. Questions to Ask Your Mortgage Lender

How To Prevent Your Credit From Being Sold - Your Mortgage FAQs with Tom Heath of NOVA® Home Loans video duration 2 Minute(s) 12 Second(s), published by Tom Heath on 20 09 2019 - 16:12:56.

It's called a “Trigger Lead”– a consumer applies for a home loan with The Heath Team or any other lender and within minutes, may have a call or email What is a second mortgage? A second mortgage is the second loan that follows an already registered first mortgage on the property
What do I need to know?

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It’s called a “Trigger Lead”– a consumer applies for a home loan with The Heath Team or any other lender and within minutes, may have a call or email solicitation from other lenders. NOVA does not sell your information, but we do need a credit report for your loan review and the credit agencies have no restrictions on selling your information to the highest bidder or bidders. Trigger Leads are expensive, so when there is a strong mortgage business, we don’t see them as often. However, we are now seeing an increase in the number of Trigger Leads hitting the market for 3 reasons:

Find out at www.YourMortgageFAQs.com