After closing on a mortgage, many new homeowners notice a significant increase in the amount of unsolicited mail, often referred to as “junk mail.” Here’s why this happens and what you can expect:
Why You Receive More Junk Mail
Public Records: When you close on a mortgage, the transaction becomes a matter of public record. Companies that sell products and services related to homeownership often purchase these public records to target new homeowners.
Credit Inquiries: Mortgage lenders typically make a hard inquiry on your credit report when you apply for a mortgage. Credit reporting agencies may sell information about these inquiries to marketers.
Service Providers: Various service providers (such as insurance companies, home security firms, and maintenance services) use information from public records and credit inquiries to market their products to new homeowners.
Types of Junk Mail You Might Receive
Mortgage Protection Insurance: Offers for insurance to cover your mortgage payments in case of death, disability, or job loss.
Homeowner’s Insurance: Solicitations from insurance companies offering to insure your new home.
Home Improvement Services: Flyers and brochures from contractors, landscapers, and other home improvement service providers.
Security Systems: Offers for home security systems and monitoring services.
Financial Services: Credit card offers, refinancing options, and other financial products targeting new homeowners.
Address Change Services: Notifications and advertisements from companies offering services related to your change of address.
Managing Junk Mail
Opt-Out Services: You can use services like the Direct Marketing Association’s Mail Preference Service (DMAchoice) to reduce unsolicited mail.
Credit Reporting Agencies: Opt out of pre-approved credit offers through the official website OptOutPrescreen.com or by calling 1-888-5-OPT-OUT.
Public Records: Some counties and states offer ways to opt-out or restrict the sharing of your public records for marketing purposes. Check with your local county clerk’s office for options.
Return to Sender: Mark unwanted mail “Return to Sender” and send it back. This might not always be effective, but it can sometimes help reduce future mail from the same sender.
Shredding: Be sure to shred any junk mail that contains personal information to protect yourself from identity theft.
While it can be frustrating to receive a lot of junk mail after closing on a mortgage, taking these steps can help reduce the volume and manage the influx of unsolicited offers.
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