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Home > Financial Services > Mortgage Brokers > Countrywide Home Loans
Countrywide Home Loans
A mortgage broker is an individual or firm that acts as an independent agent for both the borrower and the lender of a mortgage loan. Mortgage brokers are the middleman between you and the lending institution, which can be a bank, trust company, credit union, Mortgage Corporation, finance company or even an individual private investor. A mortgage broker will analyze your financial situation to determine which lender is the best fit for your loan needs. He or she will submit your mortgage application to one or more lenders in order to sell it, and works with the chosen lender until the loan closes. He or she receives a commission from the borrower if the loan closes.
Countrywide Home Loans assists you through six basic steps in procuring a loan for buying a house or renovation of your home. The six steps are Getting your documents organized, convincing the loan company that you qualify for the loan, explains the best loan plans from various companies available within your budget, applies for the loan, obtains approval for the loan, and assists in closing the loan.
Like most mortgage bankers at the time, Countrywide offered FHA and VA loans only. Lack of capital was a constant problem, and after five years in business Countrywide could no longer afford to play by the old rules of mortgage banking.
They give widest range of products available in the mortgage industry, their loan options include, Fixed and Adjustable Rates, Low and No Down Payment, Low Documentation/ Reduced Paperwork Loans, Reduced Rate Options, No and Low Equity Refinancing, FHA and VA Financing, Home Equity Lines of Credit.
The Company gives you a wide range of refinance loan options on primary residences, second/vacation homes and investment properties. They offer loan amounts up to 2 million dollars, Fixed or adjustable rate loans, Financing for single family residences to 1 to 4 unit properties.
The Company has gained a fair deal of faith from their customers and continues to serve the community with a level of quality few in the industry can match.
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