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Is this too good to be true?

Marce921Marce921 member
in Parenting
We got a notice in the mail saying they could reduce our mortgage interest with a 30 yr fixed FHA loan (we currently have an FHA). My DH called and they said that there is no appraisal or closing costs. There is absolutely no cost to us and the government gives them the money for the closing costs. DH says it's a government program that was put in place to help everyone out, but because I've not paid attention to all that I wasn't aware of this. They sent an email of everything they need and a couple things they need is a copy of our drivers' licenses and social security cards. WTH? Why do they need that? I'm leary of this, but DH seems to think it's legit. I've tried looking up the company on the BBB website, but they have no records of the company which makes me even more nervous. WDYT?
Marcey
Kaden William 11/4/06 and Dawson Michael 6/30/10
Dawson's first birthday - at the zoo
image
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Re: Is this too good to be true?

  • Jamaica_BrideJamaica_Bride
    Out of all of the mortgages I've had (a big whopping 2!) I have never ever had to produce my SS card. Ekk- sounds fishy but I am super leary.

    ~Lisa
    Mum to Owen and Lucas Daisypath Wedding tickers>
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  • Marce921Marce921 member
    That's what I said... "What do they need the card for?" The number I can see, but the actually card?! Scary!
    Marcey
    Kaden William 11/4/06 and Dawson Michael 6/30/10
    Dawson's first birthday - at the zoo
    image
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  • emilykristene2006emilykristene2006 member

    My cousin works in mortgages at a credit union. She said when we get those notices in the mail, trash them. I wouldn't trust it.

    Have you tried just googling the company (not just with the BBB)?

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  • Jen2124Jen2124
    I would not trust this without further investigation. Sounds a little shady. They should at least have website or something for you to find out more info first. If it sounds too good to be true, it usually is!
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  • Marce921Marce921 member
    imageemilykristene2006:

    My cousin works in mortgages at a credit union. She said when we get those notices in the mail, trash them. I wouldn't trust it.

    Have you tried just googling the company (not just with the BBB)?

    I have and there are myspace pages for it or something that will let you "request a deal" from them. No real info on it. I personally think it's a scam and want to call the guy we did our original mortgage and our previous refi with before we continue anything else. I talked to DH about it this evening and he's okay with that... I just have a bad feeling.

    Marcey
    Kaden William 11/4/06 and Dawson Michael 6/30/10
    Dawson's first birthday - at the zoo
    image
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  • EMTEMT member
    We are refi-ing with BofA with no cost to us and we have to give them a copy of our SS card.
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  • YodajoYodajo member
    imageMarce921:
    imageemilykristene2006:

    My cousin works in mortgages at a credit union. She said when we get those notices in the mail, trash them. I wouldn't trust it.

    Have you tried just googling the company (not just with the BBB)?

    I have and there are myspace pages for it or something that will let you "request a deal" from them. No real info on it. I personally think it's a scam and want to call the guy we did our original mortgage and our previous refi with before we continue anything else. I talked to DH about it this evening and he's okay with that... I just have a bad feeling.

    That screams scam to me. 

    At the very least, it doesn't sound very reputable. 

    DS1 10-06 and DS2 9-08 and baby #3 EDD 9-05-12
    imageimage
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  • emilykristene2006emilykristene2006 member

    Myspace pages? No way would I deal with them.

    can you post the name of the company? Or pm me?

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  • Marce921Marce921 member
    SCL Mortgage Inc is what the mail says, but on the email DH got from this lady is from "____ at ratereductioncenter dot org." I tried looking up that dot org site and nothing comes up.
    Marcey
    Kaden William 11/4/06 and Dawson Michael 6/30/10
    Dawson's first birthday - at the zoo
    image
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  • emilykristene2006emilykristene2006 member

    Crap. nevermind.

    Is there an address?

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  • YodajoYodajo member

    Check this out:

    https://skamarakas.com/jim/2009/03/25/rate-reduction-center-telemarketing-fraud

    DS1 10-06 and DS2 9-08 and baby #3 EDD 9-05-12
    imageimage
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  • Marce921Marce921 member
    imageYodajo:

    Check this out:

    https://skamarakas.com/jim/2009/03/25/rate-reduction-center-telemarketing-fraud

    THANK YOU!! I'm bookmarking this and showing it to DH. I knew something felt off about it.

    Marcey
    Kaden William 11/4/06 and Dawson Michael 6/30/10
    Dawson's first birthday - at the zoo
    image
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  • YodajoYodajo member

    And this:

    https://www.ripoffreport.com/credit-card-processing-ach-companies/rate-reduction-cente/rate-reduction-center-educati-fdxd9.htm

    You're welcome!  Always trust your instincts.  Yours are right on with this! 

    DS1 10-06 and DS2 9-08 and baby #3 EDD 9-05-12
    imageimage
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  • shiloh17shiloh17
    DONT DO IT! My dh is a police officer and does real estate on the side. He said its a scam. Mortgage companies are required to be listed in order to be reputable. Also--never give your Ss or drivers license info over email. The company needs to provide you with written documentation requesting info. Emails dont cut it! Good luck, but this sounds like a scam.
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  • Jen2124Jen2124

    This is good, too:

    https://video.google.com/videoplay?docid=394271820154071041#

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  • emilykristene2006emilykristene2006 member
    Has your husband given them any information at all?
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  • Marce921Marce921 member

    imageshiloh17:
    DONT DO IT! My dh is a police officer and does real estate on the side. He said its a scam. Mortgage companies are required to be listed in order to be reputable. Also--never give your Ss or drivers license info over email. The company needs to provide you with written documentation requesting info. Emails dont cut it! Good luck, but this sounds like a scam.

    Thanks everyone. I think if DH really wants to refinance we'll call the guy we have previously worked with.

     

    Marcey
    Kaden William 11/4/06 and Dawson Michael 6/30/10
    Dawson's first birthday - at the zoo
    image
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