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Frequently asked questions about online mortgage quotesGetting mortgage quotes from multiple lenders by registering on one site simplifies your rate and lender shopping efforts. Instead of trying to locate multiple lenders and calling them one by one, you register once, and let them contact you in the manner you prescribe, when it is convenient for you. Mortgage rate and term comparisons at mortgage-quotes-central.com has distinct advantages, we tell you about them below.Will my credit be pulled when I register with you?No. A lender needs your social security number in order to pull your credit. Since we do not ask for your SSN during your registration process, we can not provide it to them and your credit can therefore not be pulled when you register with us. Once you select a lender, they will of course have to pull your credit in order to do your loan, but at that point you have already decided who you want to go with, and you will provide your SSN directly to them over the phone.Will my information be secure?We use military strength 256 bit encryption technology so that the information you provide us is very strongly protected during transmission. Our database is secured behind firewalls to protect against unauthorized access, and physical security is in place by controlled access to the computer room of our hosting company. Participating lenders can see your information via an encrypted, password protected website.When will the lenders contact me?Our lenders will respect the times you prescribed to be contacted. If you want to be called in the evenings at home, they will call you in the evening at home. If you're available to be contacted immediately, your phone may ring within minutes of registration since we provide your information real time to our participating lenders. It may take a few days before you have received your multiple quotes however.How do I unregister if I want lenders to stop contacting me?Call our customer service number at 800-628-6453 and say that you want to be unregistered. You can also contact us online to request unregistration. Bear in mind that once your information is provided to participating lenders, you may have to unregister with each of them as well. Unregistering with us will simply stop us from providing your information to participating lenders, but will not stop lenders that have already contacted you from calling you again, unless you unregister with them as well.Can I change my information once I have submitted it to you?Yes. You can call us at 800-628-6453 to change your information with the help of a customer service representative, or you can request the change online from our "Contact Us" screen.How do I select the best lender/rate?This is a very lengthy topic. To boil it down to a nutshell, you need to compare lenders on rates AND costs. The simplest way to do this is by comparing the APR (Annual Percentage Rate). Lenders can quote you the lowest rate, but increase their loan costs and vice versa. The APR includes not just your mortgage rate, but also the cost of obtaining the loan. |
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