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Get a Loan with Countrywide Mortgage Company
from:Countrywide Mortgage Company is a financial company that has its goal mainly geared on real estate. Since 1969, the company has been assisting individuals and families alike to owning their very own homes. Here is a good reason to do business with them: Countrywide Mortgage Company is a leader in real estate finance. It is currently America’s number one home loan lender, and its services extend beyond cultural diversities. Countrywide Mortgage Company is also a part of the Fortune 500 companies, ranking number 91 at that.
The benefits you get when you become a Countrywide customer would be fast and reliable service. A distinct feature of the company would be the excellent coordination between their online and offline service for faster loan processing. They also have excellent customer service which is on 24 hours a day, 7 days a week.
Countrywide Mortgage Company has different loan options to address the different needs of their customers. These loan programs include the 30 Year Fixed Mortgage Loan, Fastrack Refinance, Fast & Easy, Cash Out and Debt Consolidation Loans, FHA Loans, VA Loans, The Fannie Mae® Expanded Approval® Program, The Fannie Mae® Flexible 100, Second Homes / Investment Homes, House America®Loan, Payment Advantage 5/1 ARM. An overview of the 5 most popular loan options is presented below:
30 Year Fixed Mortgage Loan
This is a fixed interest rate loan meaning you have the same monthly payments every month for the entire duration of the loan period. Availing this type of package ensures you that the interest rates stay the same especially if you are the type to worry about increasing interest rates in the future.
Fast & Easy
Fast & Easy is a type of loan option that speaks for itself. If you have an excellent credit standing, then this is the perfect loan option for you since this lessens the hassle of paper works. You can also get this loan as a fixed rate, interest only or adjustable rates mortgage.
FHA Loans
This type of loan is in connection with the Federal Housing Authority. This allows borrowers without the traditional credit history or income to qualify. This also comes with a fixed rate or an adjustable rate option.
The Fannie Mae® Flexible 10
The Fannie Mae® Flexible 10 loan is ideal for first time home buyers who do not have enough money for down payment. This is available as fixed rate or adjustable rate option as well.
House America®Loan
The House America®Loan is best for different financial situations the borrower may have such as having non-traditional income, or not having enough money for down payment. In this type of loan option, Countrywide Mortgage Company allows other proofs of income to support the borrower such as cash gifts, utility bills and proof of income of other family members.
Mortgage Company News
Company president sentenced in mortgage fraud case (The Plain Dealer)
CLEVELAND -- The president of a title company was sentenced to seven years in prison for her role in mortgage fraud that involved 31 houses in Cleveland, East Cleveland and Garfield Heights. Clarissa Foster, 35, of Macedonia, was sentenced Friday...
Read more...Mortgage rates down across the board for week (San Francisco Chronicle)
Rates on 30-year mortgages fell for a third straight week, dropping to the lowest level since mid-July. Freddie Mac, the mortgage company, reported that 30-year fixed-rate mortgages dipped to 6.35 percent last week, down from 6.40 percent the previous week....
Read more...Mortgage rates at lowest level since July (Everett Herald)
WASHINGTON -- Rates on 30-year mortgages fell for a third straight week, dropping to the lowest level since mid-July. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages dipped to 6.35 percent this week, down from 6.40 percent, the previous week.
Read more...Officials announce takeover of mortgage giants (AP via Yahoo! News)
The Bush administration, acting to avert the potential for major financial turmoil, announced Sunday that the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac.
Read more...U.S. plans mortgage bailout (Chicago Tribune)
Feds set to seize control of giants Fannie, Freddie WASHINGTON — Senior officials from the Bush administration and the Federal Reserve on Friday informed top executives of Fannie Mae and Freddie Mac, the mortgage finance giants, that the government was preparing to seize the two companies and place them in a conservatorship, officials and company executives briefed on the discussions said. ...
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