Complaint Review: MORTGAGE INVESTORS CORP

    Well my husband agreed to let this "Loan Officer" from MIC come out and told my husband on the phone that they could offer us a 3.5% fixed rate. The gentleman who had a 6pm meeting with us called at 6pm and delayed because he was in traffic. Meantime I did some web sluthing of my own on the internet and came across these Ripp-Off reports. I read them all and warned my husband, yet we decided that he was on the way and would let him do his presentation. I did some more looking around to find out as much as possible about this company. I had noted several things that I wanted to ask when he arrived. When he did, he was very nice and courteous. He had a seat in our dinning room and plugged in his laptop and began unpacking some folders. Before he really had time to start I said, "I have just a few questions I want to verify with you." He said sure and I proceded to ask him:

1Q. When you make us this offer today, do we have to sign today to get this rate/offer?

1A:(His Answer) Yes, we have thousands of veterans waitng in line to get this offer so it is a one time chance.

2Q. Is your company a part of Amerigroup and is your company indorsed by Freddie and Fanny Mae?

2A(His Answer) Yes

3Q. Are we required to pay the closing cost or make a deposit up front today?

3A(His Answer) Yes but we can discuss that further.

4Q. Is this a fixed rate?

4A(His Answer) Yes

He then proceded to start the presentation as me and my husband looked at each other. Im thinking Okay, so far so good...I felt he was at least answering my questions directly. He makes a call to our bank to get our mortgage info and is working out some numbers. I did feel his presentation was condesending none the less we entertained him and the idea. When he showed us the numbers and I saw on the sheet that it said that it was fixed 3.5 for 3 years then became a variable. In my book, that was then end! We ONLY wanted a full FIXED rate like they had offered and I just asked him if it was fixed and he said yes! What he needs to do is finish his sentence...."Yes its fixed, for 3 years." That statement is true. This is when I saw on his face he was not liking me! I divulged to him that I have looked into his company online, and the results were not good. He told me that I can't believe everything on the internet. I replied true but this is comming from a report website and everything they have said so far has been true of what you've told me. I was aggitating him, I could see it! I then asked him who are Freddie and Fanny Mae? He stared blankly at me and replied, "Do you know who they are?" I then told him that I understand that you are a salesman and need to do presentations and get sales that this is nothing personal against him, just his company. He replied,"Do you think I'd work for a shady company?" I said I really don't know you so I don't know! He then claimed that MIC is a part of GinnieMae and that hes a "Loan Officer" and that thousands of veterans are waiting in line for this offer. I then stated if thousands of veterans are waiting for this offer, then why are you calling my house at random? He again, stared at me and I looked him in the eye and said," There are NOT thousands of veterans waiting."  At this time my husband felt this had gone too far and we asked him to leave.....But first! He must call his manager. He used his phone and told his boss, " Yeah they arent intrested his wife thinks we are a scam." Then he asked to talk to my husband and I could hear my husband, counted 5 times my husband says, " We want a full fixed rate." After that I said hang up! He did and the man left. He was pissed at me and not happy. Total time 30mins of this visit and am glad we had our facts from the get go. I will not say this is a "Scam" but they are very misleading and I can't help but to think of all the inexperienced young military  they are sucking in as well as the elderly Vets that think they are getting a true fixed rate. I have also since his visit found that this "Parent or sister company" Amerigroup has been issued by the Federal Trade Comission for Misrepresentation and violating the "No call list" and they are settling or have settled, not clear on which. Anyways this is my MIC story!