Results 1 to 7 of 7
LinkBack URL
About LinkBacks-
03-02-2005, 10:48 AM #1Registered User
- Join Date
- Aug 2004
- Location
- Texas
- Age
- 64
- Posts
- 94
- Post Thanks / WTG / Hug
- Rep Power
- 8
When it seems too good to be true,
it's time to read the fine print. The other day I got a letter in the mail from my new mortgage company with a wonderful offer to save me thousands of dollars in interest over the life of the mortgage by making my payments every other week instead of monthly. Wonderful, I called the 1-800 number and talked to them about setting it so that it would be automatically deducted from our checking account the day after each payday. Fine so far, until he mentions the $295 origination fee and the $5 monthly maintenance fee!!
Why on earth would I give them $295 plus $60 a year to do what I would do anyway--that is pay the mortgage off early anyway?? It took me about 5 seconds to say No Way and Good-bye.
-
03-02-2005, 11:17 AM #2Master Dollar Stretcher
- Join Date
- Nov 2002
- Age
- 48
- Posts
- 11,490
- Post Thanks / WTG / Hug
- Rep Power
- 21
I'm so glad you didn't fall for this scam!
-
03-02-2005, 11:26 AM #3Registered User
- Join Date
- Jan 2003
- Location
- Oh
- Age
- 45
- Posts
- 1,771
- Post Thanks / WTG / Hug
- Rep Power
- 11
It doesn't hurt to ask, but ALWAYS read the fine print! You were too smart for them! They are counting on people not asking for all the details.
It just seems to me that lg. corps tend to think "average" people are stupid.
Not Frugal Villagers!
-
03-02-2005, 12:23 PM #4Registered User
- Join Date
- Feb 2005
- Location
- Germany
- Age
- 34
- Posts
- 622
- Post Thanks / WTG / Hug
- Rep Power
- 8
Good for you for finding the fine print! Have you requested an amorization schedule?
-
03-02-2005, 01:58 PM #5Registered User
- Join Date
- Aug 2004
- Location
- Texas
- Age
- 64
- Posts
- 94
- Post Thanks / WTG / Hug
- Rep Power
- 8
I have not only and amortization schedule but also my DH has a spreadheet with a graph showing exactly how much we owe each month and reflecting our regular payment and our extra principal payments. Down, you bar graph,down!!! LOLOriginally posted by Mommy2five
Good for you for finding the fine print! Have you requested an amorization schedule?
-
03-02-2005, 10:15 PM #6Registered User
- Join Date
- May 2004
- Location
- MI
- Age
- 53
- Posts
- 1,504
- Post Thanks / WTG / Hug
- Rep Power
- 10
Glad you didn't fall for the scam! The mortgage company I used to be with sent me the same gimmick they sent you. What an insult to our intelligence! Do they think we are really that dumb?
No spend challenge: 10/30
No eat out challenge: 0/31
frugal challenges
2012 reading challenge: 4/12
April coups: $10
EF: $736.00
2nd EF: $7000:lemon
Waste no more food challenge
NO DEBT except MORTGAGE! $9950.54
-
03-03-2005, 03:05 AM #7Registered User
- Join Date
- Feb 2005
- Location
- Germany
- Age
- 34
- Posts
- 622
- Post Thanks / WTG / Hug
- Rep Power
- 8
Lol!Originally posted by Florence
I have not only and amortization schedule but also my DH has a spreadheet with a graph showing exactly how much we owe each month and reflecting our regular payment and our extra principal payments. Down, you bar graph,down!!! LOL
Reply With QuoteSimilar Threads
-
Too good to be true or blessing?
By ansley in forum Debt Reduction & Money ManagementReplies: 14Last Post: 10-29-2009, 01:43 PM -
Too Good to be true?
By Preston in forum Debt Reduction & Money ManagementReplies: 19Last Post: 07-23-2009, 07:05 PM -
Tried and True really good Hot Choc recipe needed
By Becci in forum Kitchen ClonesReplies: 1Last Post: 05-28-2008, 01:43 PM -
This is so true
By fernykins in forum General ChatReplies: 5Last Post: 06-29-2006, 10:14 AM
Bookmarks