Why would a company do this?
I own my house, the mortgage has been paid off. Nevertheless, I frequently receive phone calls asking if I want to refinance my mortgage. I say "No thanks," and hang up. Yesterday I received a letter from a lender, which was sent certified mail, about the advantage of refinancing my "high interest, FHA insured loan."
Now: I have never had an FHA insured loan. The interest rate mentioned was not the rate I paid when I did have a mortgage loan, and the amount listed was not the amount my loan had been.
At first I thought that this was just a strange marketing ploy the company uses to get people to call so they could try to sell them a loan. Then I started worrying that maybe someone had used my identity to obtain the loan they described. Is this possible, or should I just throw the letter away and stop worrying?