August 23, 2021
Data Security and Buying a Home
In early May, the entire Western North Carolina area and the city of Asheville felt the effects of the ransomware attack on the Colonial Pipeline. The gas line that supplies much of the southeast was interrupted by a cyber-crime group linked to Russia that demanded $4.4 million to return operations control.
Asheville came to a literal standstill. When gas would arrive at any of the stations around town, a line of cars would form, often blocking city streets. It wasn’t long before people shared internet images of panic buying. Soon, service was restored, and life went back to normal.
The situation got many of us thinking about data security, especially in industries with sensitive customer information. How secure is your data when you work with an independent mortgage lender in the process of buying your home? Here’s what you need to know.
Choose a Reputable Lender
The first step to ensuring that your data is safe and secure is talking to a reputable lender. It’s okay to shop around and talk to several. Ask your real estate agent who they recommend. Meet with them over the phone, Zoom, or in-person if possible. Just like any other service, you’ll feel more comfortable with someone you trust.
Rely on Portals Not Email
Cybersecurity is a big industry, and there are plenty of ways to secure your data. Business portals are the most common right now. Just like your doctor might use, these are secure websites that store and encrypt your information so that only you and your independent mortgage lender can access it. Always use a secured connection when you send data through the portal, like your home WIFI that’s password protected. If you’re asked to send sensitive information via email, that’s a red flag.
You must do your due diligence. Ask questions, so you better understand how your lender’s process is secured.
- What are your company policies if there is a data breach?
- What personal data will you need from me?
- What processes do you use to ensure my data remains safe?
Monitor Your Data and Credit
While our company handles all data security through our IT systems and databases, it’s always a good idea to remain diligent about your personal information. Regularly monitor your data and credit information. You can sign up for a data protection program that will alert you if there are problems with your personal information, such as passwords, financial accounts, or identity theft. This is an added layer of protection for you at all times.
Do you want to know more about how your data is collected and used during the mortgage process? Contact GoPrime Mortgage in West Asheville.
Do you want to understand the mortgage process better and get preapproved for your next home purchase? Call the team at GoPrime Mortgage today. GoPrime Mortgage in West Asheville is here to help. Call us today at 828-348-1907 – GoPrime Mortgage in West Asheville.
Generation Z and the Housing Market Baby Boomers, Generation X, and Millennials have all been a part of the housing market for a while. The oldest millennials have turned forty, which can come as a shock to anyone who still thinks of them as recent college...
Are You Moving? Here’s a Change of Address Checklist for a Smooth Move Have you bought your dream home in Western North Carolina? If so, there are a few essential things you need to take care of before you get the keys. Have you considered your change of address and...
Significant Changes for Buyers with Student Loans For so long, potential first-time home buyers have had concerns about student loans debt and getting a mortgage to buy a home. But there’s good news. Changes in student loan calculations may create more opportunities...
Tips for Buying a Home in the Hot North Carolina Market We know that many people outside the Asheville area are currently looking for homes in North Carolina Market. We are excited about the opportunities for more people to buy here and become a part of the...
Homelessness in Cold Weather: Resources and Ways to Help After the holidays, some of us seem to let charitable work wane until the next holiday season. But the circumstances around the homelessness crisis don’t stop just because we get back to our regularly...
National Hobby Month: Meet-Ups and Enthusiast Groups for Hobbies in WNC Welcome to the New Year! It's common when we turn the calendar to think of all the resolutions we will make, including improving our finances, finding a new job, or getting healthier. Well, one...
Explore Your Options
As a first-time homebuyer, you may believe that you have to get your loan through a bank or credit union. But that’s not the case. An independent mortgage lender often provides more options than a bank can. Shop around. See who gives you the best deal on a mortgage loan that’s right for your circumstances. You may be surprised.
Getting pre-qualified for a mortgage loan is the best first step to take when you want to buy your first home.
To get a quick, down-and-dirty — and completely unofficial and nonbinding — idea of what your monthly mortgage payment would be based on the cost of a house.
Get good, professional advice for what to do and what not to do when you’re seeking to buy your first home.
When applying for a mortgage loan, you may need reams of financial records. Or not. It’s different for everyone. Here is a complete list to give you an idea.
Everyone has questions when it comes to buying a house and applying for a mortgage loan. This page answers the most common questions people have.
Law requires that you be provided with this monstrous document when you apply for a loan. Here is a helpful summary of its contents.
As you explore down the rabbit hole of mortgage loans, you inevitably will find terms and acronyms that you don’t understand. Look here for help.
While some lenders push specific mortgage loan products because it’s best for them, GoPrime Mortgage, Inc. takes the time to find the mortgage that’s best for you.
GoPrime Mortgage, Inc. offers a wide range of mortgage loan types. To understand the differences, read this page and then talk to Zachery Adam and his Team.
Branch Manager, Loan Officer
"What we do is so far more important than lending and buying houses. We are in the business of facilitating dreams and honoring the start of a new home.”
"“I wake up every morning with incredible appreciation. I love what I do.” ”
Loan Officer Assistant
"My eventual goal is to become a loan officer. I love working within the community and being a part of the GoPrime Mortgage team.”