Home loan countrywide
Countrywide is one of the top most Home Loan Lenders in The U.S. It was founded in 1969 to help people in owning a house.Since then this company has helped millions of people in living their dream by providing them financial help either by giving them home purchase loans, home equity loans or refinance loans Countrywide Home Loans is the subsidiary of Countrywide Financial Corporation.
Countrywide has also been educating its customers about the Home Owner Mortgage, which helps people in understanding their homeownership rights.
Let us the types of home loans provided by Countrywide.
Home Loans from Countrywide
Countrywide provides different loan products like refinance loans, home equity loans and home purchase loans.Besides, they also provide reverse mortgages and multi-family and commercial loans.
Home Purchase Loans: If you are a first-time home loan borrower or are looking for a second house Countrywide can help you out with the finances. If you have found your dream house be it your primary residence, a vacation home or an investment property you can apply for a loan up to $6 million with Countrywide .However, if you are opting for fixed interest rates then you cannot apply for more than $3 million.The $6 million amount is available on only some adjustable mortgage products.
Under these loans there are different options like fixed mortgage and adjustable mortgage.
Fixed mortgage has four different options that you can choose from. This type of loan option provide basic fixed rate loan for 10/15/20/25/30/40 year of payment duration.They also have no down payment loan option and low down payment loan programs.They also provide construction loans under the fixed home loan mortgages.
Under Adjustable rate mortgages they provide basic ARM, fixed period ARM, basic ARM with reduced rate options, fixed ARM with reduced rate options and also construction loans.
They also have loan options for avoiding the private mortgage insurance. Under this you can opt for Tax advantage mortgage insurance or home equity line of credit.They also provide jumbo mortgages and also home loans for people with credit problems.
Refinance Home Loans: If you are finding it difficult to pay off the previous home loan then you can opt for a home refinance loan with Countrywide Home loans.There are a number of financing programs available with these refinance home loans and you can qualify for the one that you think is the best for you.
Home Equity Loans: If you have equity in your house and need finance then you can cash the equity in your house in the form of home equity loans provide by Countrywide Home Loans.
Reverse Mortgages: if you are above 60 years of age and have some equity in your house then you can take a reverse mortgage from Countrywide Home Loans and live the rest of your life without any hassles.
The interest rate and the costs charged
With the help of Countrywide Home Loans you can get some of the best interest rates and costs.You can also compare the different loans that are available with them in terms of interest rates and the costs applicable.
Usually the closing costs applicable at Countrywide Home Loans are 3% of the home sale price.However, you can get an upfront estimate of the closing costs Moreover they also guarantee the closing cost of the lender.
There are different types of down payment options available that you can choose from. You can either have a low or a no down payment option.You can also have an option of Tax advantage mortgage insurance where your private mortgage insurance can be reduced.
When it comes to calculating the cost on the home loans provided by Countrywide Home Loans you can make the use of the calculator provided on their website so that you can assess how much would your payments would come up to.
Pre-qualifying for the loan
With Countrywide Home Loans before you start your search for a home you can pre-qualify for a loan. With the help of the pre-qualification the sellers and the real estate agents can be assured that you would get approved of a definite amount of loan for making your purchase.
The pre-qualification is based on the annual income, your credit score and history and on your assets. You can get an easy and quick pre-qualification through any of the branch offices of Countrywide or you can call up 1-800-556-9568 or fill out the online application.
Applying for Countywide Home Loans
When it comes to applying for the home loans on Countrywide for the first time you can apply for the loan online or can speak to a customer service executive and ask them how to start the loan process.
If you are already a customer of Countrywide Home Loans then you can just log in to your account and apply for the loan you wish for or the query that you wish to make.Once that you are logged in you can also get to know the status of your loan application .
When it comes to paying back the Countrywide Home Loan you can make the payment online. The website is secure and you can schedule your payments 30 days in advance. The payments can either be made from your checking or savings account. If you wish to schedule your payments then you can log on to your account and under the Payment Section select Mortgage Pay.
Contacting Countrywide Home Loans
You can contact Countrywide Home Loans at the following contact details:
For new home loans information
Purchase call at: 1-800-845-0058
Home Equity call at: 1-800-556-9568
Refinance call at: 1-800-556-9568
Less than Perfect Credit call at: 1-800-871-1756.
The loan experts are available: Mon-Fri: 7 a.m.-10 p.m. CT; Sat. & Sun. 8
a.m. Â 7 p.m. CT
For current home loans and account information call at: 1-800-669-6607
The Corporate headquarters for Countrywide Financial Corporation: 4500 Park Granada Calabasas, California 91302Other Articles
