Posts Tagged ‘Countrywide’

Benefits of Countrywide Home Loans

December 1st, 2010

Countrywide home loans were introduced first with the intention of lending a helping hand to struggling home owners who could not pay their home-loans on time. The company claims to provide fast and dependable service to its customers. Millions of people since 1969 opted to avail the service of country wide pursuing the dream of owning a home. Today, Bank of America owns Countrywide.

Many features attract borrowers to country wide. The stream lined and easy loan procedure is the highlight of them. Customers can apply for a home loan by phone, at a local branch or through online facility. They get the opportunity to work and discuss matters with experts in these loans. These experts will guide you through the procedure, from beginning to end. The minimum paper work needed to get a country wide home-loan makes the whole process easy.

With the flexible Countrywide home loans you get to choose from number of options in loans. People with a bad credit history often find it difficult to get a loan. Country wide home loans have options to meet the needs of all types. Customers can opt for low or no down payment, one time close loan options and reduced rate options as per convenience.

Countrywide loans offer up to $2 million for the customer. Whether you are purchasing a primary residence, a second residence or a property as investment does not matter to them. They are loans with fixed rate loans, adjustable rate loans or combination rate loans. Loan facilities for joint family and single family too are provided by them.

Being the top independent home loan lender, Country wide provides quality service to its customer through out the day, through out the week. Their representative is ever ready to help you over the phone or online. You can enjoy their uninterrupted service from the day you apply for their loan till you have completed the last payment.

You can select to finish the Country wide home loan procedure online, at a local branch office or over the phone. You can apply online through Country wide website. You will have to fill a short questionnaire. It will ask for your name, email address, address and contact number. If you have details regarding the property you wish to buy you can fill that in the questionnaire. If you do not have details Countrywide provides an approval process before hand for a precise amount. This permits you to locate a house within your resources.

Once the details are provided you will be handed over to a loan expert who will provide all the information you need and pick a loan program suitable for you. You can make use of the online loan advisor program to obtain an objective loan program reference.

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Home Loan Modification For Countrywide – Tips to Approach & Successfully Modify a Countrywide Loan

July 17th, 2010

A loan modification simply means taking the existing agreement, and restructuring or modifying it with some negotiations. Countrywide loan modification is done in the interest of both the parties.

Countrywide has also come up with Home loan modification program for its customers. This program is designed for those who are not able to pay their installments.

The main features of Loan modification includes:

· Changing the terms

· Change in interest rates

· Change in loan amounts etc

· Waived late fees

· No foreclosure charges

· Alterations in tenure of the loan

Getting a home loan modification for countrywide is not that difficult if the following steps are followed:

· The first most important step before approaching any lender is to check the guidelines. You should read the guidelines and see if you actually fit in the Countrywide lending criteria. Different agencies have different guidelines. So sending your application before knowing the guidelines can be of waste.

· You should have well prepared file consisting the documents needed for the process. General documents are hardship letter, Income proofs (tax returns), bank statements, credit card history etc. Sending your file without complete documentation is often not recommended, as it will cause a delay to the modification process.

· Preparing the financial worksheet is the third step. This is also a very important step for Countrywide loan modification and should not be avoided. This worksheet will show the complete financial status of your current situation. You must also prepare one proposed financial statement along with a current one.

· You should always provide correct and true information about yourself. Nothing should be false. Remember the statements and the information provided by you is the key to a successful loan modification program. And otherwise also, your lender will get everything about you verified before lending.

· In the end, you should keep a track of the status of your file. Your application is not the only one for them. So, to avoid delays caused due to burden it is advised to keep a follow up by calling up the representative on a regular basis.

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Countrywide Loan amendments to tighten

September 17th, 2009

Homeowners hoping for a loan modification with Countrywide would like to get to reconsider their options. Countrywide Financial, for excessive lending practices that caused outages known, now has so many bad debts on their books that it may tighten its loan modification services. Home Loan Modification allow defaulting borrowers to work out new terms with Countrywide so that they can avoid foreclosure and stay on the track. Countrywide began service, which through its Home Retention Division at the height of homes in the past year bubble. Due to the many requests come in many cases delayed and resulted in foreclosure. The company hit an all-time in 2008 and was recently bought by Bank of America. In accordance with the amendment, the amendment is adopted Loan Department of the Law Offices of Marc R. Tow and measures to protect their customers. The company will be one of the leading loan modification services in the country, even just to negotiate modifications with Countrywide for clients with viable cases, and those who are in serious financial difficulties. Changes are also expected in the National Loan Modification policy. While loan modification is still open for the borrower is not in default may soon be new laws to limit the service only for the bankrupt or a serious crime. This will allow lenders and loan modification companies to focus their attention on customers who are most in need. The company will continue to service their clients with loans from other companies to help. In addition to loan modification, the law firm of Marc R. Tow also provides support for loss mitigation alternatives, such as short sales.

The Loan Modification Division is composed of a team of lawyers, mortgage and real estate professionals, analysts and distress. Lead by Expert Loan Modification Attorney Marc R. Tow, Loan Modification Division has helped thousands of American Homeowners their homes and reduce their loan payments store. For more Information Call 800-738-1170 or visit our website http://www. cdloanmod. com /

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