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Saco Valley Credit Union
Mobile Banking App

Free - On the App Store

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Saco Valley Credit Union
Mobile Banking App

Free - On the App Store

A New Mortgage May Mean More Junk Mail

Did you recently close on a new home? Congratulations! It’s an exciting time, and we hope you are making yourself at home at your new property.

While this is exciting, you may not be so excited about the increase in junk mail you may start receiving. When you move or purchase a new home, certain records become public information with the recording of the deed. This means that people can get information like your name, mortgage lender, your property address and loan amount. Unfortunately, there is nothing that Saco Valley Credit Union can do about this. This happens with all lenders and new homeowners everywhere in the US.

Because of this now public information, some companies try to take advantage of the information, and you. They may send you something that appears to come from the lender, or offer you products or services that may appear to complement your new purchase or loan. Landscaping work, snow removal services, security systems, and cable services are all things that you may start getting more mail for. You may or may not want to take advantage of these offers that are sent to you.

You may also receive mail that seems vague or nondescript that simply says it’s important that you call on a time-sensitive or urgent matter related to your loan. If SVCU needs to talk to you about your loan, we will call you or you will receive something that clearly comes from us in a formal letter. Make sure you examine any unsolicited mail carefully, especially if it is not clear what it is for or who it is from.  Saco Valley Credit Union cares about your financial success, but unfortunately there are people and companies out there who don’t, and they will try to take advantage of you or scam you. With any type of unsolicited mail, it’s important to proceed with caution.

If you are ever unsure about something regarding your SVCU accounts, don’t hesitate to contact us – we are happy to help!