How Do I Obtain Loan Terms Without Giving Sensitive,

Houston, Texas, June 21, 2022 (GLOBE NEWSWIRE) — Finding the best mortgage loan can be tough and obtaining your loan terms without giving away your personal information can seem impossible. You’re probably wondering: Is there a way for me to find out my interest rate and closing costs without needing a hard inquiry on my credit report or providing sensitive documents? 

When you call a bank or mortgage lender, they often want to immediately pull your credit with a hard inquiry and request that you give over your personal information and documents before they will answer your questions about interest rates and/or terms. This means shopping for loan terms can entail providing those personal documents and information to multiple companies increasing the chance that they end up in the wrong hands, and with identity theft at an all time high, no one wants that.

So, the big question you need to ask is this: Is there a way for me to secure loan terms without disclosing my personal information?

Securing Loan Terms: What You Need to Know
The best answer we can give you for the question above: yes and no! 

“Each bank, lender, credit union, or mortgage company will have its own set of rules for providing loan terms. The best way to obtain loan terms is to be proactive about providing your information in advance and leading the charge from the beginning,” says Blink Lending & Investments Founder Paul Lamnatos.

It is important to note that “providing…