Loan refinancing mailing lists...? what a waste

[ngt]

About 3 years ago I got an FHA loan for my first house. It started with 1-2 letters asking to refinance my loan per month. Now I get about 20-25 letters per week asking to refinance my loan. What a waste of paper. I'm never going to do it. 2/3 at least are most likely scams anyways. Tried to find out how to get off their mailing list but I don't know how. Anyways, got 5 letters yesterday and 2 more today. Just seems like an incredibly large waste of paper and money. Anyone else dealing with something like this?

 

[salty87]

Re: Loan refinancing mailing lists...? what a waste

i get maybe 3/mo.

if you haven't refi'd in 3 years and plan to be in the house longer, you should check into it. rates are insanely low.

 

[BoatBuoy]

Re: Loan refinancing mailing lists...? what a waste

What makes me more angry is that first-class postage customers have to subsidize junk mail. If the junk mailers had to pay first-class postage, most would be eliminated.

 

[ngt]

Re: Loan refinancing mailing lists...? what a waste

i get maybe 3/mo.

if you haven't refi'd in 3 years and plan to be in the house longer, you should check into it. rates are insanely low.

my loan insurance is so low, and it's gone up since then so much, that if I refinanced, my monthly payment would be higher because of the increased cost of the insurance. At least that's what the last loan guy at my bank told me.

 

[12vMan]

Re: Loan refinancing mailing lists...? what a waste

It is truly a huge waste of resources, time and money. I guess I don't pay much attention anymore since I have less than 6 years left till I burn the note. They go straight in the recycle.

 

[dingbat]

Re: Loan refinancing mailing lists...? what a waste

I’m guessing you either live in a high foreclosure zip code, a high principal to value rate or your existing mortgage has a interest rate.

I used to get one or two a month when I had a 6.875% rate mortgage. Bought a new house last year at 3.75% and I've not gotten a single letter since

 

[ngt]

Re: Loan refinancing mailing lists...? what a waste

I’m guessing you either live in a high foreclosure zip code, a high principal to value rate or your existing mortgage has a interest rate.

I used to get one or two a month when I had a 6.875% rate mortgage. Bought a new house last year at 3.75% and I've not gotten a single letter since

High foreclosure rate for sure. I could name 5-6 co-workers or friends that have walked away from houses or condo's in the last year. The house I live in now was a foreclosure. This family bought it 5 years ago for about $530,000 and I got it 3 years ago for $296,000. I'm at 5% even fixed for 30 years, but the papers I get are under talking about being under 4%. Maybe it is time to check again.

 

[kenmyfam]

Re: Loan refinancing mailing lists...? what a waste

No harm in checking. I find that junk mail makes excellent fire starter at the campground. That's where any we have will be heading later today.

 

[dingbat]

Re: Loan refinancing mailing lists...? what a waste

High foreclosure rate for sure. I could name 5-6 co-workers or friends that have walked away from houses or condo's in the last year. The house I live in now was a foreclosure. This family bought it 5 years ago for about $530,000 and I got it 3 years ago for $296,000. I'm at 5% even fixed for 30 years, but the papers I get are under talking about being under 4%. Maybe it is time to check again.

At todays rates 5% is well above average. I have a 30 years fixed at 3.75% with no points. I had the option of going down to 3.25% if I wanted to pay points

 

[ngt]

Re: Loan refinancing mailing lists...? what a waste

At todays rates 5% is well above average. I have a 30 years fixed at 3.75% with no points. I had the option of going down to 3.25% if I wanted to pay points

wow, time to check again.

 

[flycaster]

Re: Loan refinancing mailing lists...? what a waste

I get those junk mail things also, I am not bragging, BUT I don't have a mortgage and own the house outright. But there has to be some type a sucker list out there that banks and financial companies have tapped into.