Oh, and by the way, refi now and get….
I actually got this message on my home phone number despite being on the national Do Not Call list and it being unlisted.
Hello, my name is [Joe] and I’m calling about your mortgage payment. It seems that you have paid your mortgage on time and are, therefore, are qualified for a one-time interest rate reduction. If you wish to reduce your interest rate, you can do a cash-out refinance and pay off other debt, such as credit cards, cars or just take a trip. So give me a call at 1-800……… Oh, and by the way, if you complete a transaction today, you’ll receive two free airline tickets to one of our sponsored cities located within the continental US. So, give me a call at 1-800-………
I have seen a lot of advertising in the mortgage business but this is the first time I’ve heard of getting airline tickets as a bonus to refinancing.
If you have received a call like this and thought it would be cost effective to refinance to get two free airline tickets, I would have to say “think through that one again!”