Applying for a home loan or just refinancing? Read this first.

Applying for a mortgage is an integral part the home buying experience.  I encourage all of my buyers to get preapproved for a loan as early in the process as possible. However, be aware  that there is a hazard connected with this process.  When you apply for a home loan, the credit bureaus often flag your file and then sell your personal information to the highest bidder: normally mortgage companies, some of which are not the most reputable.  This information can include addresses, phone numbers, mortgage history and even FICO scores.  You will then be barraged with phone calls and mail offers from these mortgage companies.  At present, there is nothing illegal about this process, but there is a way that you can protect yourself and your informaton.  Prior to starting the loan process, visit www.optoutprescreen.com; you can opt out of the process up front and avoid the whole problem. I encourage you to do so.