I am not interested in working for them....I was approached by a representative....... they explained that if I turn my mortgage over to them I could save lots of money and invest my savings???? Is this a scam??? Are there hidden clauses that they are not telling me about?? Is this too good to be true??
2007-08-09 14:31:05 · 7 answers · asked by Cookie48 3 in Business & Finance ➔ Investing
Their mortgages tend to have a very high interest rate and very high "points".....which they will graciously wrap in to the mortgage for you.
They will tell you that interest rates do not matter because, with their mortgage, you make a smaller payment every 2 weeks for 17 years instead of one payment per month for 30 years.
Unfortunately, they are wrong. Interest rates do matter. You can pay off your mortgage even faster if you just pay extra principle on your current mortgage.
Lastly, their mortgages tend to have a very high early payment fee. So, when you finally find out that the mortgage wasn't the best deal, it is very expensive to refinance out of it.
2007-08-10 07:10:10 · answer #1 · answered by Wayne Z 7 · 0⤊ 4⤋
Didn't they clogged up the streets in Atlanta last week?? Yeah, I saw them on NBC news where the reporter warn commuters to be prepared for heavy traffic from August 1-4, 2007 because of 60,000+ people attending the Primerica Convention.
2007-08-10 01:06:19 · answer #2 · answered by Anonymous · 2⤊ 0⤋
Have them run the numbers for you and see what kind of savings you'll have. It's not always in the best interest of the client to do a first mortgage through CTB.
2007-08-10 09:54:56 · answer #3 · answered by Bob 1 · 0⤊ 0⤋
I have some investments and insurance through a friend in Primerica. I'm not sure I would finance my house with them, but I have been pretty happy with the returns and fees so far.
2007-08-09 21:36:01 · answer #4 · answered by Anonymous · 0⤊ 1⤋
it is a MLM or multi-level marketing firm. they make money by recruiting people. Oh they say they are saving you money but they charge you for it and just encourage people to recruit. Amway with financials is what it is
2007-08-09 21:36:07 · answer #5 · answered by Domino 4 · 0⤊ 1⤋
I would never work for them, everyone that I know would did that made no money.
2007-08-09 21:34:31 · answer #6 · answered by oesbutterfly0522 2 · 0⤊ 0⤋
Primerica!!!! RUN!!!!!!!!!!!!!! It's multilevel marketing and they use anything they can to suck you in!
2007-08-09 21:35:34 · answer #7 · answered by ANGEL Baby 3 · 0⤊ 1⤋