Buying a home or refinancing is a big deal! While there is plenty of necessary paperwork from your lender that comes with the closing process, there are plenty of unwanted solicitations as well. The reason you may be receiving more mail than usual is that marketers know maintenance, insurance, and security services are often top of mind after the mortgage or refinance process settles. When you move, many records become public information. As this occurs, third-party services can obtain certain data just a few days after closing. Some of this data includes lender name, borrower name, loan amount, loan number, and property address. Please note that Wayne Bank will never sell your information.
Some offers you may expect to receive include autopay services, life insurance, security systems, mortgage insurance, maintenance quotes, and more. While some of these services may be legitimate, some may be scams. It is important to remain diligent and discerning when considering offers from third-party vendors.
An influx in email promotions and, sometimes, email fraud may occur as well. Reputable companies will usually have an ‘unsubscribe’ link at the bottom of their emails. Some spam or phish attempts will use pressure tactics like time-sensitive offers or may make claims that are just too good to be true. In these instances, mark the emails as spam and do your best to refrain from clicking on them again.
Telemarketing calls/texts and fraudulent phone calls/texts may also increase – it’s important to be wary of these channels as well. If you have an uneasy feeling about the nature of a call, simply hang up and reach out to a trusted Wayne Bank representative to verify whether the call was legitimate. Be sure to contact Wayne Bank using only phone numbers or emails found on the bank’s official website, https://www.WayneBankOnline.com.