Mortgage solicitation letters may be a scam

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DEAR BOB: Recently I have received several mortgage solicitation letters from mortgage brokers offering to refinance my home loan at a lower interest rate with a lower monthly payment. They seem to have accurate details about my current mortgage, such as its interest rate. I phoned one of these lenders and was rudely treated on the phone. How do they get my mortgage information? Are they reliable? – Baron W. DEAR BARON: Don't be misled by those mortgage solicitation letters. Purchase Bob Bruss reports online. Various firms research recorded home mortgage information and sell those lists to mortgage brokers and other lenders who then solicit you to refinance. Most of those mass mailings are bogus. Until a reliable, local lender makes you a written loan commitment, you have nothing. The best way to refinance is by first contacting your existing lender to learn their best refinance terms. Then compare those terms with those offered by at least two other local lenders, preferab...