Be Aware, Be Skeptical About Mortgage Offers

Couple confused about finances

Financing your home is an important event. It opens the door to many new experiences, including unsolicited offers. Unfortunately, this is unavoidable, but you need to be aware and be skeptical so you can make the best decisions.

Where do these offers come from?

During the mortgage process, your information:

  • Is available to companies that buy or purchase lists from a credit bureau
  • Becomes part of the public record once it is recorded and can be accessed by companies searching for information

What type of information could you receive from outside sources?

Some of the information you receive by call, mail or email will likely be legitimate, and some will not.

You may receive offers for things like life insurance, offers to provide the financing or refinancing, or offers to provide copies of your records. Whatever it is, we ask that you look at the offer closely.

If you have any questions about any information or solicitations that you receive, please feel free to contact us by calling your local Merchants Bank branch. We will help you understand the information so you can make your best decision.

Please know that we would never sell your information. So, if you receive something saying the contact is sanctioned by Merchants Bank, it isn’t. Be skeptical.

*Loans are subject to credit approval.