Daily Archives: August 14, 2014


Is It Safe to Apply for an Online Charleston Mortgage?

Have you asked this question: Is it safe to apply for an online mortgage here in Charleston?

The short answer: For most people – Probably not!

Then why do we have an APPLY ONLINE BUTTON? Very good question and here is the answer.

A recent article in the New York Times reported that more and more people are applying for their mortgage loans online. We use the internet today to shop for everything and now many of our financial transactions that we traditionally conduct only in person are done at the computer screen. From Banking and insurance to ordering our groceries, more and more business transactions are being conducted online. Most of the time your data is safe even though recently news reports of information being hacked at some of the Nation’s largest banks and retailers give me pause when I say that.

But more than this, shopping for your Charleston mortgage online can become a very frustrating, confusing and even overwhelming ordeal if you’re not careful. So, for most people that apply online – they probably shouldn’t.

Charleston Mortgage Loan CashHere’s more about why not:

In a lot of cases individuals are applying for loans on the internet only to find out that they were not applying for a mortgage at all. In its place, they end up entering their personal information into a database for a company that has promised to give them an approval for an online mortgage but instead turns around and sells the information to other companies.

Instead of getting a call about their mortgage application from a Professional Mortgage Broker they are flooded now with calls and emails soliciting to help them obtain the loan. Even worse, often they receive solicitations from home improvement companies, credit repair companies, home insurance companies, and the list goes on and on. (more…)