It is no accident that many computers put any message about mortgages in the spam filter. That is because there are an unbelievable number of bogus emails sent out with outright lies as well as rates way below what can be delivered. Have you seen the one about 2% fixed rates? Well as low as the rates are, there is always someone willing to lie about how low they can quote you. But they don’t tell you what kind of loan cost is involved. As always when something seems too good to be true, it probably is. Many times they call an ARM that is fixed for three years fixed. That is the kind of stuff that caused some of the problems the country now is going through.
You don’t even have to read your e-mail. The internet is full of schemes to separate you from your money. And even snail mail still delivers its share of problems. I think my personal favorite is the “no brainer” ad on the radio. Oh well I am always willing to give you an honest opinion, any time you want to check something.
I can be reached at 615-777-4663 or via email at George.Margrave@migonline.com.
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