Discover how to stop unwanted telemarketing calls from other lenders after you apply for a mortgage.

Telemarketing calls are almost never welcome by the recipient. And when you get multiple telemarketing calls, the annoyance grows. Unfortunately, when many people apply for a mortgage they get flooded with phone calls from other lenders. Let’s take a look at what happens and how you can avoid these calls.

How telemarketers know you’re getting a mortgage

When you apply for a mortgage, your lender does a hard credit check. This action tips off other lenders–who have access to credit bureau activity–that you are seeking a home loan. A home loan they’d rather have you take out with them.

When other lenders see the hard credit check, they jump on the phone and try to convince you to borrow from them instead of the financial institution you’ve already chosen.

How to avoid mortgage telemarking calls

The way to avoid a barrage of telemarketing calls after applying for a home loan is to take action beforehand. At least one week before applying, go to https://www.optoutprescreen.com and opt out of firm offers of credit or insurance. You can also call the service at 1-888-567-8688. Requests take five days to go into effect.

OptOutPrescreen.com is the official Consumer Credit Reporting Industry website where consumers can request to opt out of offers made electronically, by mail for five years or permanently.

 

All loans subject to approval. Rates, terms, and conditions are subject to change and may vary based on credit worthiness, qualifications, and collateral conditions.