“LOW MORTGAGE RATE” SCAM ALERT
Two years ago, I helped my client secure a mortgage. Now that interest rates have come down, he can refinance with two excellent options:
- 6% fixed for 30 years
- 75% fixed for 5 years
Both would lower his monthly payments.
But last night, he told me he received a letter from his current lender, Rocket, offering 4.5%. Since that rate was far below market, I suspected it was a scam. When he sent me a photo of the letter, it became clear—the whole thing was designed to lure borrowers into giving away personal information. So, he called Rocket directly at their 800 number, and they confirmed the letter was not from them.
Be careful—if you receive a similar letter, don’t fall into the trap.
Good news is you can call me instead. I’ll verify the information and review your mortgage options. Together, we may be able to lower your payments and save you money.
Give me a call anytime — I promise to help: (415) 225-7920
Manny Kagan,
President,
Pacific Bay Financial Corporation
Your professional mortgage broker since 1983
NMLS #205637
DRE #00874630