Refinancing Sparks Misleading Offers
My recent refinancing experience has provoked a slew of misleading offers. I was expecting some offers based on previous re-financings. But this has been crazy. I had not been keeping count of all offers but yesterday was so absurd I counted them up. Seven offers in one day mentioning my refinance.
These aren’t the first offers. I know for example that the loan company itself has offered me mortgage life insurance three times since the loan funded. The volume of offers is just amazing.
These offers are almost all highly misleading. They start with big, bold text Important Notice and Complete and Return. The list the lender, property information and loan amount. It seems they are trying to create the impression that these are forms from my lender that I must fill out and return. They do disclaim any associate with my lender in a small footnote, but that is not what is at the top of the offer and it is not what is on the outside of the envelope. Assuming I wanted mortgage life insurance I wouldn’t deal with a company whose opening tactic is to mislead.
Always be suspicious of your mail!