Mortgage refinancing? No thanks, not interested.

I got a call this morning from some guy from a mortgage company that wanted to talk to my brother about my brother's house. The guy woke me up, so the first thing I am wondering is first - why the hell call ME?! and second - WTF? --- turns out, after I woke up some, that it is a cold call from the mortgage guys that go around seeking mortgages that they can buy out, promising to lower the person's mortgage but in fact it is more costly in the long run - because while you have low payments, you have more of them and the interest is compiling up behind those payments so that rather than paying down the principle you are paying interest each month. Bad bad bad bad situation to put yourself in. If you are thinking about refinancing, look closely at those promises of lower payments - you might be setting yourself up to never own your own home.

Wait... when did I apply for that?

I have been getting a few of these e-mails. What recent application? I never applied to them. I certainly never gave them the e-mail address that this was sent to. So... exactly how did they get the idea that I would have any interest in providing them with even MORE information?

The subject on the e-mail got me too. For them to send me a RE: it implies that I sent them a e-mail titled 'about the application', do they think I am really so stupid that I don't remember if I sent one or not?

These fellows are fishing for people that are in the process of getting a loan or refinancing a mortgage and hoping they can sucker them into providing information that will allow for identity theft. Don't fall for it.


RE: about the application

Client Update:


We were able to view your credit report and recent application but still need for you to complete our finalization form.

As of today we will be able to lock your refinance in at the rate we promised, but if our finaliztion form IS NOT completed within 24 hours then the rate will come unlocked.


Please remember to confirm details on this secure form:
(URL hidden by CyberCat)


I look forward to conversing with you.


Frances Ledford
Senior Account Manager,
-Lender Alliance Office

Note: The names and companies in these scams are often legitimate and only the link in the URL, which may also look legitimate, is questionable. Please do not hold anything against any company that shows up as part of a scam e-mail. They are, quite often, just as much of a victim as the recipient of the e-mail is. I leave names in these only to make it easier for those looking for these e-mails to locate and identify the scams.