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Old 10-19-2018, 09:08 AM
 
Location: Grosse Ile Michigan
24,717 posts, read 59,563,864 times
Reputation: 26822

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I am getting constant calls from places saying that i qualify for a special government program that is about to expire. They swear up and don they can get me a better interest rate (we are at 3.8%)

Then they have someone call me who claims to be a"licensed" financial advisory who is just looking out for me and not trying to get me to do anything in particular, their job is just to look out for my interests. My selfless financial adviser then tries desperately to convince me i would be better off if I would just refinance my house t a much higher interest rate and take all the equity out of my house wither to invest the money, pay off debt or just live a better life. As my personal financial advisory who is looking out only for my best interests they assert it is foolish to allow any equity in my home and I should refinance every two or three years and not worry about the interest rate, they will work tings so I have more money available to me regardless of the interest rates. When I call them out ont he math and point out, for example the scenario they are advocating will cost me $26,000 more over a five year period, they start throwing out financial terms with no application to our discussion, arguing with me and even swearing at me before they hang up.

their desperation bothers me some, but what really bothers me is the lying and misrepresentations that will get unwary homeowners into a world of problems ten years from now. I thought there were regulations on this, but these guys are simply lying left and right. I have gone through the process with them four times, just to see what they will say. They all say and do pretty much the same things, getting more and more desperate and sinking further and further into lies and misused lingo as they slowly realize I am not buying their line. these people are destroying people financially just to earn a $2000 commission. they are my new "lowest of the low" profession. I want to ask them if their mother knows what they are doing to people.

This morning I heard on the radio the rising interest rates have all but destroyed the refinancing market. this explains the desperation, but does not explain how these people live with themselves.
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Old 10-19-2018, 10:23 AM
 
3,317 posts, read 7,251,326 times
Reputation: 4095
Quote:
Originally Posted by Coldjensens View Post
I am getting constant calls from places saying that i qualify for a special government program that is about to expire. They swear up and don they can get me a better interest rate (we are at 3.8%)

Then they have someone call me who claims to be a"licensed" financial advisory who is just looking out for me and not trying to get me to do anything in particular, their job is just to look out for my interests. My selfless financial adviser then tries desperately to convince me i would be better off if I would just refinance my house t a much higher interest rate and take all the equity out of my house wither to invest the money, pay off debt or just live a better life. As my personal financial advisory who is looking out only for my best interests they assert it is foolish to allow any equity in my home and I should refinance every two or three years and not worry about the interest rate, they will work tings so I have more money available to me regardless of the interest rates. When I call them out ont he math and point out, for example the scenario they are advocating will cost me $26,000 more over a five year period, they start throwing out financial terms with no application to our discussion, arguing with me and even swearing at me before they hang up.

their desperation bothers me some, but what really bothers me is the lying and misrepresentations that will get unwary homeowners into a world of problems ten years from now. I thought there were regulations on this, but these guys are simply lying left and right. I have gone through the process with them four times, just to see what they will say. They all say and do pretty much the same things, getting more and more desperate and sinking further and further into lies and misused lingo as they slowly realize I am not buying their line. these people are destroying people financially just to earn a $2000 commission. they are my new "lowest of the low" profession. I want to ask them if their mother knows what they are doing to people.

This morning I heard on the radio the rising interest rates have all but destroyed the refinancing market. this explains the desperation, but does not explain how these people live with themselves.
Cool story.

Maybe instead of "going through this" over and over again, you say "put me on your Do Not Call List" and then it ends.
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Old 10-19-2018, 10:43 AM
 
Location: Grosse Ile Michigan
24,717 posts, read 59,563,864 times
Reputation: 26822
Quote:
Originally Posted by Pfhtex View Post
Cool story.

Maybe instead of "going through this" over and over again, you say "put me on your Do Not Call List" and then it ends.
I went through it because i wanted to see what they have to say. The first time, I actually wanted to looking into he possibility of getting a second mortgage to pay off some debt. they did not sell second mortgages, so they went into this BS pitch mode. the later ones, I wanted to see what they would say. Plus I sometimes have a long commute. It gives me someone to talk to and is no more boring than the radio. My family and friends are tired of me calling them when I am bored, or they only want to talk for ten minutes. I have a 55 minute commute right now, who else wants to me for 55 minutes?

BTW I am on the do not call list. It is meaningless.
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Old 10-19-2018, 01:51 PM
 
Location: on the wind
4,104 posts, read 1,529,673 times
Reputation: 14654
Hmm, hadn't made this connection before, but I haven't gotten a single one of these obnoxious calls since moving. Paid cash for this house! Funny how that works.
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Old 10-21-2018, 10:16 AM
 
Location: MID ATLANTIC
7,598 posts, read 17,614,249 times
Reputation: 8078
My income comes from my phone ringing and I have stopped answering all calls not on my contact list. In our area, introductions are made via email in advance for real business. Robo calls have all but destroyed business by telephone.

My skin crawls just thinking about surviving one of those calls. OP, what's your number, I will forward the calls!😃
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Old 10-24-2018, 08:33 PM
 
16,476 posts, read 17,501,756 times
Reputation: 23521
Quote:
Originally Posted by Coldjensens View Post
I am getting constant calls from places saying that i qualify for a special government program that is about to expire. They swear up and don they can get me a better interest rate (we are at 3.8%)

Then they have someone call me who claims to be a"licensed" financial advisory who is just looking out for me and not trying to get me to do anything in particular, their job is just to look out for my interests. My selfless financial adviser then tries desperately to convince me i would be better off if I would just refinance my house t a much higher interest rate and take all the equity out of my house wither to invest the money, pay off debt or just live a better life. As my personal financial advisory who is looking out only for my best interests they assert it is foolish to allow any equity in my home and I should refinance every two or three years and not worry about the interest rate, they will work tings so I have more money available to me regardless of the interest rates. When I call them out ont he math and point out, for example the scenario they are advocating will cost me $26,000 more over a five year period, they start throwing out financial terms with no application to our discussion, arguing with me and even swearing at me before they hang up.

their desperation bothers me some, but what really bothers me is the lying and misrepresentations that will get unwary homeowners into a world of problems ten years from now. I thought there were regulations on this, but these guys are simply lying left and right. I have gone through the process with them four times, just to see what they will say. They all say and do pretty much the same things, getting more and more desperate and sinking further and further into lies and misused lingo as they slowly realize I am not buying their line. these people are destroying people financially just to earn a $2000 commission. they are my new "lowest of the low" profession. I want to ask them if their mother knows what they are doing to people.

This morning I heard on the radio the rising interest rates have all but destroyed the refinancing market. this explains the desperation, but does not explain how these people live with themselves.

There is this little button on your cell. It’s in the shape of a phone handset and it’s red. It allows you to disconnect the call.

I dont even let them start the spiel. As soon as I hear mortgage loan bla bla bla I just hang up. Unless it’s a woman and she sounds really sexy then I start flirting to see how far i can get. And in some cases i get pretty damn far. Hey I got a 2.5/3 hr drive home. I got nothing but time. Try it sometime. If you’re single it’s a great way to sharpen up those pick up skills
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Old 10-24-2018, 09:42 PM
 
Location: Phoenix, AZ
1,226 posts, read 476,688 times
Reputation: 2802
Quote:
Originally Posted by Coldjensens View Post
I am getting constant calls.
And you stay on the phone with them long enough to find out what their pitch is?


Yikes.


If I don't recognize a number I let my voice mail take it. If I slip up and answer the call as soon as I realized it's a telemarketer (usually the first sentence) I tell them to F. Off and hang up.
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