Comments on: Two offers to refi in one day…just how lucky can a gal be? http://raincityguide.com/2007/04/26/two-offers-to-refi-in-one-dayjust-how-lucky-can-a-gal-be/ Seattle's Leading Resource for Real Estate Information Sat, 21 Nov 2009 06:01:18 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: RealEstateUndressed » Blog Archive » 7 More Consumer Real Estate Articles Advance To Round 2 http://raincityguide.com/2007/04/26/two-offers-to-refi-in-one-dayjust-how-lucky-can-a-gal-be/#comment-174232 RealEstateUndressed » Blog Archive » 7 More Consumer Real Estate Articles Advance To Round 2 Tue, 28 Aug 2007 16:48:34 +0000 http://raincityguide.com/2007/04/26/two-offers-to-refi-in-one-dayjust-how-lucky-can-a-gal-be/#comment-174232 [...] Two Refi Offers In One Day…Just How Lucky Can A Gal Be?: by Rhonda Porter for Rain City Guide [...] [...] Two Refi Offers In One Day…Just How Lucky Can A Gal Be?: by Rhonda Porter for Rain City Guide [...]

]]> By: Rhonda Porter http://raincityguide.com/2007/04/26/two-offers-to-refi-in-one-dayjust-how-lucky-can-a-gal-be/#comment-148111 Rhonda Porter Tue, 12 Jun 2007 17:15:06 +0000 http://raincityguide.com/2007/04/26/two-offers-to-refi-in-one-dayjust-how-lucky-can-a-gal-be/#comment-148111 If you receive misleading mortgage mail (ex. looks like an IRS refund, APR not included, etc.) for your Washington home, you can send it to: Enforcement Unit Division of Consumer Services Department of Financial Institutions PO Box 41200 Olympia WA 98504-1200 If you receive misleading mortgage mail (ex. looks like an IRS refund, APR not included, etc.) for your Washington home, you can send it to:
Enforcement Unit

Division of Consumer Services

Department of Financial Institutions

PO Box 41200

Olympia WA 98504-1200

]]> By: - Notes on Real Estate - Harper Team Blog http://raincityguide.com/2007/04/26/two-offers-to-refi-in-one-dayjust-how-lucky-can-a-gal-be/#comment-141604 - Notes on Real Estate - Harper Team Blog Mon, 28 May 2007 15:03:26 +0000 http://raincityguide.com/2007/04/26/two-offers-to-refi-in-one-dayjust-how-lucky-can-a-gal-be/#comment-141604 [...] Two offers to refi in one day…just how lucky can a gal be? – In our mail today, we received two very attractive offers to refinance our current mortgage.   Wow, how exciting!  Here are the details: [...] [...] Two offers to refi in one day…just how lucky can a gal be? – In our mail today, we received two very attractive offers to refinance our current mortgage.   Wow, how exciting!  Here are the details: [...]

]]> By: SoundBiteBlog is recognized for high quality articles! http://raincityguide.com/2007/04/26/two-offers-to-refi-in-one-dayjust-how-lucky-can-a-gal-be/#comment-138544 SoundBiteBlog is recognized for high quality articles! Tue, 22 May 2007 02:25:41 +0000 http://raincityguide.com/2007/04/26/two-offers-to-refi-in-one-dayjust-how-lucky-can-a-gal-be/#comment-138544 [...] Two Refi Offers In One Day…Just How Lucky Can A Gal Be? by Rhonda Porter for Rain City Guide [...] [...] Two Refi Offers In One Day…Just How Lucky Can A Gal Be? by Rhonda Porter for Rain City Guide [...]

]]> By: Rhonda Porter http://raincityguide.com/2007/04/26/two-offers-to-refi-in-one-dayjust-how-lucky-can-a-gal-be/#comment-128939 Rhonda Porter Fri, 27 Apr 2007 13:31:00 +0000 http://raincityguide.com/2007/04/26/two-offers-to-refi-in-one-dayjust-how-lucky-can-a-gal-be/#comment-128939 With regards to meeting the conditions of the low LTV, Slick also said something along the lines of "that's usually a catch", translation: I usually get to "bait and switch" at this point. With regards to meeting the conditions of the low LTV, Slick also said something along the lines of “that’s usually a catch”, translation: I usually get to “bait and switch” at this point.

]]> By: Alan http://raincityguide.com/2007/04/26/two-offers-to-refi-in-one-dayjust-how-lucky-can-a-gal-be/#comment-128826 Alan Fri, 27 Apr 2007 04:57:12 +0000 http://raincityguide.com/2007/04/26/two-offers-to-refi-in-one-dayjust-how-lucky-can-a-gal-be/#comment-128826 Original: "Wow, you seem to know a lot!" Translation: "Wow. Most people think I'm offering a 0.25% loan when I say the rate is 0.25%. I'm guessing this isn't going to turn into a sale because you actually have a brain." Original: "Slick" Translation: Sleaze" Original: “Wow, you seem to know a lot!”
Translation: “Wow. Most people think I’m offering a 0.25% loan when I say the rate is 0.25%. I’m guessing this isn’t going to turn into a sale because you actually have a brain.”

Original: “Slick”
Translation: Sleaze”

]]> By: Rhonda Porter http://raincityguide.com/2007/04/26/two-offers-to-refi-in-one-dayjust-how-lucky-can-a-gal-be/#comment-128820 Rhonda Porter Fri, 27 Apr 2007 04:35:09 +0000 http://raincityguide.com/2007/04/26/two-offers-to-refi-in-one-dayjust-how-lucky-can-a-gal-be/#comment-128820 Both of the ads we received today had WA DFI numbers! A letter looking like a income tax return that I received the other day, did not and is out of CA. It would be great if DFI or someone had a fax number to submit these to. Actually, since it's difficult for a consumer to know which authority a certain type of motrgage originator reports to...it would be great if there was one fax number and someone then sorted out the complaints to the appropriate authority. But I'm dreaming! Both of the ads we received today had WA DFI numbers! A letter looking like a income tax return that I received the other day, did not and is out of CA.

It would be great if DFI or someone had a fax number to submit these to. Actually, since it’s difficult for a consumer to know which authority a certain type of motrgage originator reports to…it would be great if there was one fax number and someone then sorted out the complaints to the appropriate authority. But I’m dreaming!

]]> By: Jillayne Schlicke http://raincityguide.com/2007/04/26/two-offers-to-refi-in-one-dayjust-how-lucky-can-a-gal-be/#comment-128804 Jillayne Schlicke Fri, 27 Apr 2007 03:21:32 +0000 http://raincityguide.com/2007/04/26/two-offers-to-refi-in-one-dayjust-how-lucky-can-a-gal-be/#comment-128804 OMG, Rhonda we are both SO LUCKY. Because I too have been getting offers to refinance my mortgage also! WOW. Imagine, I can lower my monthly payment to a FIXED mortgage of 2.66%. That's right, my payment would go way down! Approval in minutes low credit scores-no problem liens and bankruptcies-okay no income verification-okay When I called the 1800 number to talk to the owner of the company, to politely point out that their ad was missing a couple of important pieces of data that would make the ad in compliance with federal truth-in-lending laws, the person answering the phone said that there was no boss around for me to talk to. I asked her why and she said that I have two choices: to apply for a loan or to have my fax number removed. I asked her if she could leave a message for her boss and she said she works for 60 different mortgage brokes. I asked her if she could leave a message for all 60 mortgage brokers and she said no, that my only choices were to apply for a loan or to have my fax number removed. I asked her if she was a licenced loan originator and she said "no." I asked her if she knew that she was violating a state law by taking loan applications without a license and she yelled at me. So there you have it. I predict that we will see a rise in the number of aggressive loan solicitations. Clearly there is a entire breed of mortgage firms and loan originators who have had a taste of the big money to be made by selling only subprime loans using bait-and-switch & deceptive advertising, and now they know no other business model. OMG, Rhonda we are both SO LUCKY. Because I too have been getting offers to refinance my mortgage also! WOW. Imagine, I can lower my monthly payment to a FIXED mortgage of 2.66%. That’s right, my payment would go way down!

Approval in minutes
low credit scores-no problem
liens and bankruptcies-okay
no income verification-okay

When I called the 1800 number to talk to the owner of the company, to politely point out that their ad was missing a couple of important pieces of data that would make the ad in compliance with federal truth-in-lending laws, the person answering the phone said that there was no boss around for me to talk to.

I asked her why and she said that I have two choices: to apply for a loan or to have my fax number removed. I asked her if she could leave a message for her boss and she said she works for 60 different mortgage brokes. I asked her if she could leave a message for all 60 mortgage brokers and she said no, that my only choices were to apply for a loan or to have my fax number removed.

I asked her if she was a licenced loan originator and she said “no.” I asked her if she knew that she was violating a state law by taking loan applications without a license and she yelled at me.

So there you have it.

I predict that we will see a rise in the number of aggressive loan solicitations. Clearly there is a entire breed of mortgage firms and loan originators who have had a taste of the big money to be made by selling only subprime loans using bait-and-switch & deceptive advertising, and now they know no other business model.

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