Looking for a Mortgage? How to Protect Yourself from Identity Theft

Filed Under: About Asheville NC, About WNC, Buying a Home, Newsletters, Real Estate Agents, Real Estate News, Selling a Home

Nothing is more stressful than shopping for a mortgage and realizing your credit score isn’t what you expected. Worse still is finding that your identity has been
stolen and there are fraudulent accounts or activity on your report. Recovering from identity theft can be time-consuming – you might lose your dream Asheville, NC home if the seller cannot wait for you to resolve the issue.

Before this happens to you, there are steps you can take to protect your Social Security number and your credit.

• Guard Your Social Security Number – First, you should memorize your Social Security number – never keep the card in your wallet. Second, consider whether giving your SSN to someone is really mandatory; many forms request this information, but ask questions before providing to see if it’s actually required.

• Freeze Your Credit – This little known trick can prevent anyone from applying for credit in your name; including you. Contact the reporting bureaus to prevent your credit report from being used for any purpose. Unfreeze when you need it.

• Get ID Theft Protection – Consider using an ID theft protection company to monitor your credit.

• Be Careful Online – Avoid public interest hot spots and other unsecured networks when buying or banking online. Install a firewall and consider a private virtual network system. Do not open any unknown emails or links.

Don’t take your identification lightly. Your credit is important to most aspects of your financial life, but especially so when obtaining a home loan. A small change
in credit score can cost thousands of dollars in additional fees and interest; it can even cost you the home if your ID has been stolen while you work to restore your
credit. Take some simple steps ahead of time to ensure you’re protected.

For more information on this, contact us at Asheville Realty Group today!

Blog compiled by Erin Secretarski, a licensed real estate agent and Director of Getting Stuff Done at Asheville Realty Group.

About Asheville Realty Group

Asheville Realty Group is a boutique brokerage firm offering full-service real estate services. We have locally experienced agents who specialize in residential homes, luxury homes, country-side acreage and everything in between. We love Asheville and the surrounding mountain communities that we call home!

Get in touch with us today by filling out the form below or give us a call at 828-252-1910