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VA Hybrid Refinance / Bad Hybrid VA Loan

1 2303 rothmore drive, Huntsville, AL, United States Review updated:
Contact information:
Phone: 256.683.3767

MIC called telling me they had a new fixed rate "only for veterans." After reading this I seen that exactly the same thing happened to scores of other people. This took place on March 21, 2012. First a "VA Representative" shows up without cell phone and having to use mine; said VA highly recommends; I have to make the decision TODAY, said it was a fixed rate at the beginning on the phone to get their foot in my door after I said I will not entertain anything but a fixed rate; ask for (almost demanding) a check, or to put $1672.00 on my credit card immediately to reserve. They started the process of refinancing without my agreement to refinance, etc. I had to make the decision today. Oh, there was so much more crazy stuff that went on. This is one crazy organization. The federal and state governments need to look into. I have an email in to the Veterans Administration to see if they are as valid as they say. They talk as if they are the VA.

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Comments

  • Jb
      13th of Jan, 2013

    Mortgage Investors Corporation is the worst of the worst! Do not be foolish! Do not be deceive by misleading information. Federal agencies should get involved! I almost got ambushed, but my wise child studying finance told me it was a very bad choice to select this crappy company. They mislead you; wake up before you get trapped! Look at the numbers, they will look nice the first year, then wait and you will see that you may pay a lot more than a conventional or Interest Rate Reduction Refinance Loan (IRRRL). Tell your comrades, we fought hard, do not let this people take your money.

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