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Lots of negative reviews for sure, but I had a different experience. Did not like the pressure during the pitch, but 5 years later, I am up 15,000 from where I would have been in my other mortgage thanks to continued low rates. Because of my skepticism, I have followed my old loan's amatorization and my new loan's amatorization. No comparison, as I am way ahead. We have had one rate change last February, but the loan stayed at 2.5%. This...
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Yeah,same M.O. with mine,but when we were finalizeing the paperwork,they 'charged' me 2 % points,to the "refinance"price by over $7000.00,and I told him I wasn't comfortable with paying that much to refinance a loan that was supposed to make my "payment's"cheaper,also with the primise of a "fixed" loan that I could "re""refinance"after three yrs.to an even Better rate,argueing with her over the phone about the "cost" of this refi.So I also...
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I didn't like
  • Did notlike highpressure tactics
#687366
I am a former employee of this company and left because they are misleading along with the fact they are horrible to work for. The loan itself is legit and a good product for most people since it is fixed for 39 months then the adjustment can either go up or down a full percentage point. Most people when I worked there a couple years ago had a decrease from 3% down to approx. 2%. The nice thing is the following adjustment can only go to 3% from...
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Anonymous

Denise Newton I worked at MIC as a Loan Officer and I didn't experience anything that this person discussed in his statement. I made a very good living and I didn't work seven days a week...

Anonymous

Ethical One Amen to whom ever took the time to write this. I would bet all that I have that we actually know each other and worked together. This was so accurate, I thought maybe I had wr...

My loan was paid off IN FULL on August 1 2013, yet when I checked my credit report, there was a 30 day late charge for August 2013!! I called and tried to find out what had happened a with the hopes of having this taken off my credit reports To my amazement, I was told that they did NOT report the late charge for August I asked " Who did?" "We do not know, but it was not MIC" I have since disputed this with the credit agencies and MIC...
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Just received notice that Mortgage Investors Corp (MIC) has sold our account to Freedom Mortgage Corp. MIC told us at the time we signed our mortgage paper that they were required to service the contract, and that a hybrid interest rate was the way to go. It still remains to be seen if the hybrid interest rate is a good deal (we've been advised it is not), but the sale of our mortgage is very disturbing when we were told it wouldn't be sold. ...
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My state approved me for the "homestead act" in which it takes 10% off your property taxes, which amounted to about $200. Well in 2012, all insurance companies in Ga, went up $200 on the homeowners insurance. Which increased my payment from $700-$780 monthly. Once my homestead act kicked in/in 2013, my montly payment should've went back down to the orginal payment of $700. I contacted Mortagage Investors Corporation and they told me that it...
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MIC misled me into believing that changing my 3.75% 30yr. fixed rate loan into their "bogus" Hybrid (ARM) loan which would enabled me to pay off my mortgage in 12 years not 30 years. Besides the fact I was charged approximately $8500 in closing costs. I was lied to and misled in reference to MIC's structured Hybrid Loan. I don't understand why the VA would endorse a company and allow them do VA loans for which scammed Veterans. Now I had to...
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Anonymous

Taken I just experienced the same situation! Worst company ever. I'm refinancing as we speak. :cry

I've read all the reviews and the common thread is that folks are upset with the way this company schedules appointments and reminds customers when payments are due. Ok, I can see why that might be annoying. However, it seems to me that MIC is looking out for their customers best interest and they are trying to make sure that Vet's don't get into a tough spot. Yeah their closing costs are a little high...but they let you roll the closing...
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Anonymous

Mortgage Pro Too bad you don't understand mortgages. You only pay interest on on the principal balance of any loan---ARM, HYBRID, 30 year fixed. Too bad you are sol clueless and posting co...

Anonymous

Dave I also have had the MIC loan for 2 years and came across this website by accident. I can't believe all of misinformation here. I don't think that most people realize how a 30...

Without a doubt the most dishonest company I have ever had dealings with. The telemarketer boldly lies. Then you are connected to someone who supposedly gives you details. Their details are all lies. I told them right up front I am NOT interested in a ARM and she said no problem - 30 yr fixed. Just make an appointment and in 30 short minutes you will have all the details. Sure enough 2 and a half hours later you find out MIC only does...
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Anonymous

Happy Customer Wow...TIME TO WISE UP. You missed out on a great loan. Fixed Interest Refi loans are a huge scam. Do you know what compound interest is? You're paying it. Any idea how muc...

Anonymous

Bullshit Stomper You can't be charged a fee which doesn't get disclosed on the GFE given to you BEFORE closing.

Contact Mortgage Investors Corporation

Headquarters Address:
Mortgage Investors Corporation
6090 Central Avenue
St. Petersburg, Florida 33707
Phone:
(866) 812-6593
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Companies similar to Mortgage Investors Corporation

MIC sent a representative to explain the VA Hybrid loan. He made a good pitch and asked for a check to lock in the loan. When I googled and saw the 1000 BBB complaints, I called the guy and told him I was cancelling. Of course MIC cashed the check and approached my lender stating they were going to take over the loan.... 5 days after I cancelled. They will tell you they chose not to pay the BBB for a good rating... another lie on top of a lie......
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Anonymous

CurbYourEmotions I've read all the reviews and the common thread is that folks are upset with the way this company schedules appointments and reminds customers when payments are due. Ok, I ca...

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