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Your credit score is an important part of getting a mortgage, as your mortgage lender wants to see your history of using and repaying credit to assess your viability as a borrower beforehand. Some extremely unfortunate souls in the mortgage world have run into a worrisome issue in recent years, however: They’ve gone to complete a mortgage deal, only to find that their credit score was torpedoed by identity theft.

Identity theft is on the rise, with hackers looking for your personal information and using it to empty your accounts and impact your credit information severely. At Altius Mortgage and our partners at Mortgage Ogden, we’re here to help – here are several tips to avoid identity theft so you don’t run into this kind of an unpleasant surprise when looking to finalize your mortgage.

Public WiFi and Sensitive Information

Mobile and online banking is a necessity in today’s day and age, but you should avoid making secure transactions of any kind while on public WiFi networks. These can easily be hacked, allowing perpetrators to see your personal information and also steal your passwords.

In addition, be careful about the sort of sensitive information you send via email – by any WiFi network. Try to avoid sending things like Social Security numbers, credit cards or account numbers.

Account Statements and Credit Report

Regularly check your account statements and your credit score. You’re looking for any suspicious activity that might signal your accounts have been compromised.

Phishing and Scams

No legitimate financial organization will ask for personal information via email – never provide this, and never click random links that you aren’t 100 percent sure of. If you ever see these kinds of requests from what appears to be your financial institution, contact them separately to confirm it was them.

Strong Passwords

Make sure you use complex passwords that contain uppercase and lowercase letters, plus at least one number or symbol. Passwords should be at least eight characters long, and you should not use the same passwords for everything.

Fraud Alerts and Freezes

If you’ve had any breaches in the past, or if you just want to take extra care, you can add a fraud alert or a freeze to your credit account. Fraud alerts are generally free, while a freeze will come with a fee.

For more on avoiding identity theft, or to learn about how to get the best mortgage rates possible for your situation, contact the pros at Altius Mortgage today.

March 16, 2018

Tips to Avoid Identity Theft

Your credit score is an important part of getting a mortgage, as your mortgage lender wants to see your history of using and repaying credit to assess your viability as a borrower beforehand. Some extremely unfortunate souls in the mortgage world have run into a worrisome issue in recent years, Read More
March 3, 2018

Avoiding Common Credit Score Mistakes

When it comes to obtaining mortgage loans, credit score is one of the single largest individual factors. Your credit score plays a big role in the kinds of mortgage rates you can get approved for and several other big factors, and having a score that’s too low can be a Read More
February 16, 2018

2018 Home Buying Trends, Part 2

In our last blog entry, we discussed several trends facing the mortgage world in the year 2018. These trends are particularly vital for first time home buyers, who have not navigated these waters before and need all the pertinent information they can get on the subject of mortgages. At Altius Read More
February 3, 2018

2018 Home Buying Trends, Part 1

At Altius Mortgage and our partners at Mortgage Ogden, staying on top of housing trends is one of our many points of pride. Our clients need experts with a current view of the mortgage world, plus an idea of how the market will move going forward. This is especially important Read More
January 16, 2018

Basics and Payment Options for Closing Costs

Within the purchase of a home and the obtaining of a mortgage, there’s one important area that often gets glossed over: Closing costs. These refer to various fees and payments that are paid when you finalize a home purchase, and they’re generally fairly significant. At Altius Mortgage and our partners Read More