Log inRegister
Add a Review

Mortgage Investors Corporation

United States

Consumer reviews about Mortgage Investors Corporation

alanb4130
Jan 2, 2012

Beware of this company

First of all the product they sell is for Veterans that already have a VA loan. Secondly the VA Hybrid loan that they offer will save you thousands and thousands of dollars in interest and that is after recouping the initial cost of the loan. Do yourselves a favor and google VA Hybrid loans and learn about them.

Brad Mc75
Mar 19, 2012

Don't use them

I met with their representative a couple of days ago. He was nice, and didn't use any high pressure tactics. I looked at his numbers, and was impressed with the plan. I reviewed the Truth In Lending statement which is a one of the documents that your lender must provide for you within three business days after you make an application for a mortgage loan. The information from this form comes directly from certain charges shown on your Good Faith Estimate. The existing one that I had from my 6.5% fixed loan that I got 5 years ago showed that I was borrowing $129K, and after paying off the loan, I would have paid around $300K total. His document showed that I was borrowing $127K, and would pay $188K through the life of the loan. This was based on worse case scenario: a rate of 2.5% for three years, increasing the max of 1% per year to the maximum it can increase, which is 7.5%. At this point I will have paid much more of the principal off. My current loan pays $115 out of the $938 payment to principal. The plan he was offering starts out at a payment of $627 with around $260 of which goes to principal. With the lower payment, I can pay off even more of the principal (which is allowed without penalty), before the possibility of the interest going up. Because of what I have read about this company, and what I consider less than professional marketing of their service, I am going to take these numbers to a couple of mortgage companies and banks, and see if they can match them, or if they are correct. If they are, then I don't care about all of the other stuff. I don't deny the annoying phone calls, and agree that them coming to your house is unusual, and may be considered high pressure, but I keep asking myself "If they're that bad, why are they #1 in the nation in VA loans?" I also wonder why my bank didn't mention this plan, which was developed by the VA to help veterans and passed by our legislators (not that they always do everything right). In short, I'm going to let the numbers do the talking. If no one can beat the numbers that I got from MIC, then I will refinance with them.

Add a Review about Mortgage Investors Corporation

    Review Title
    Country
    City (optional)
    Address (optional)
    Phone (optional)
    Website (optional)http://
    Review text
    Attach photos (optional)
    Confirmation code

    Submit

    Recently Updated Reviews

    Our 365 Portraits - Horrible do not use
    The photographer arrived late to my appointment and I...
    channel 7 mate - Footy commentary farce
    afl commentary is at its worst in my life time Call the...
    Oranum - RIP OF
    The worst place I've ever had the misfortune to come...
    GoToMyPC - Horrible speed and service
    The connection is slow - 3 seconds response (or no...
    dealdash - Unsatisfied customer
    Spent more than two hours being the top bidder, and still...
    Enmax - ENMAX CALGARY ADVOCACY UNIT - CONTACT INFORMATION
    CONTACT INFO FOR ENMAX UTILITIES ACCOUNTS ADVOCACY UNIT IN...
    Guardsman Furniture Protection - Leather Sofa protection plan purchased
    Sears Canada sold us the protection plan through Guardsman...
    411.ca - 411.ca Scammer's - Charging me after cancelling their...
    After signing up with them and using their service for few...
    Kfc gemas - Manager sambil lewa pack oder customer
    Sya nk buat aduan kfc gemas.. Semsa sy datang ke kfc...
    PSI - Cancel you without apology or help
    I show up on time for my test and after 3 hours of trying...
    reservations.com - Company is a Fraud
    COMPANY IS A SCAM !!!! I thought I was talking to the...
    chumbacasino - what's up with chumba casino?
    What's up with the online gaming site Chumba casino?...
    STC SAWA - Pls give me a solution
    Pls block this number 802470. It is sending me messages...
    Express Vitals - Furious
    Wow- Just got taken for $50-60. Could have called...
    JustFly.com - Avoid at all costs
    This is a terrible company. We booked a flight to England...
    Wax Vac - Wax Vax
    General message to people; REPORT ALL THESE ISSUES OF...
    Cellular Outfitter - DO NOT ORDER FROM HERE !!!!
    I ordered a phone case for my son the first of May. After...
    Sassy Hair Studio - Unprofessional lousy staff
    Horrible staff. Always didnt book appt properly. 1st time...
    NonStop Delivery - ABSOLUTELY PATHETIC.
    Ordered an outdoor shade for my gazebo on May 21st from...
    Singapore Immigration - Disrespectful immigration officers
    I want to raise this issue about the immigration officers...

    Share this site with others

         
          

    Recently Updated Reviews

    Our 365 Portraits - Horrible do not use
    The photographer arrived late to my appointment and I...
    channel 7 mate - Footy commentary farce
    afl commentary is at its worst in my life time Call the...
    Oranum - RIP OF
    The worst place I've ever had the misfortune to come...
    GoToMyPC - Horrible speed and service
    The connection is slow - 3 seconds response (or no...
    dealdash - Unsatisfied customer
    Spent more than two hours being the top bidder, and still...
    Enmax - ENMAX CALGARY ADVOCACY UNIT - CONTACT INFORMATION
    CONTACT INFO FOR ENMAX UTILITIES ACCOUNTS ADVOCACY UNIT IN...
    Guardsman Furniture Protection - Leather Sofa protection plan purchased
    Sears Canada sold us the protection plan through Guardsman...
    411.ca - 411.ca Scammer's - Charging me after cancelling their...
    After signing up with them and using their service for few...
    Kfc gemas - Manager sambil lewa pack oder customer
    Sya nk buat aduan kfc gemas.. Semsa sy datang ke kfc...
    PSI - Cancel you without apology or help
    I show up on time for my test and after 3 hours of trying...
    reservations.com - Company is a Fraud
    COMPANY IS A SCAM !!!! I thought I was talking to the...
    chumbacasino - what's up with chumba casino?
    What's up with the online gaming site Chumba casino?...
    STC SAWA - Pls give me a solution
    Pls block this number 802470. It is sending me messages...
    Express Vitals - Furious
    Wow- Just got taken for $50-60. Could have called...
    JustFly.com - Avoid at all costs
    This is a terrible company. We booked a flight to England...
    Wax Vac - Wax Vax
    General message to people; REPORT ALL THESE ISSUES OF...
    Cellular Outfitter - DO NOT ORDER FROM HERE !!!!
    I ordered a phone case for my son the first of May. After...
    Sassy Hair Studio - Unprofessional lousy staff
    Horrible staff. Always didnt book appt properly. 1st time...
    NonStop Delivery - ABSOLUTELY PATHETIC.
    Ordered an outdoor shade for my gazebo on May 21st from...
    Singapore Immigration - Disrespectful immigration officers
    I want to raise this issue about the immigration officers...
         
     

    User Registration

    Already a Complaint Board member? Log in now.
    Username:
    E-mail address:
    Password:
    Code:

    User Registration

    A confirmation email was sent to "".
    To confirm your account, please click the link in the message.

    If you don't see the email in your Inbox, please check your Spam box.

    User Login

    Not a member of Complaint Board? Register now.
    E-mail address:
    Password:
    Forgot your password?
    E-mail address:
    Back
    Loading, please wait...
    Your password has been sent to the specified email address. Log in
    or connect with Facebook

    User Facebook Login

    Enter Username