Countrywide Financial – America’s Top Home Loans Provider

Home loan companies offer programs and services for individuals and families who are looking for a new home or who are trying to restructure their existing loans. While most of these companies are available to anyone, each of them presents different packages and interest rates. Home loan lending institutions range from banks, corporate lenders, private lender and online financial institutions.

Why Countrywide Financial is the Best Option

Countrywide is a financial lending institution based in Calabasas, California that has decades of experience to back its services. This company was founded in 1969 out of their aim to break down the barriers of owning a home. As of this day, Countrywide is the number one home loan lending company and they have helped millions of individuals and families in acquiring home ownership. Countrywide Financial is also a Bank of America subsidiary (this bank being a trusted name in American financial services).

Countrywide Financial provides many types of loans and banking services among them are the following:

  • Refinancing loans-this company has refinance mortgages which can be used to consolidate debts or to access cash out of the equity that has accumulated in your home. This type of loan could be used to pay off monthly bills, finance home improvement, and to pay for college tuition.
  • Home Equity loans-these types of loans are called HELOC at Countrywide. It means Home Equity Line of Credits. There are two options-fixed or variable interest rate solutions. Choose between the two that can be used to cash out available equity. This loan can be used to pay for any expense.
  • Purchase-this program is for those who would want to buy their own home.
  • Reverse Mortgages-three, big financial institutions have teamed up to come up with these offers. They are Countrywide Bank, Countrywide Home Loans, Inc. and FSB.
  • Multi-family and Commercial Loans-these are floating or fixed rate commercial loans which range from $500,000 up to $1 billion.
  • Home and Renters Insurance
  • Life, Health and Car Insurance
  • Credit Cards
  • Investments-such as mutual funds, stocks, bonds, IRAs, fixed and variable annuities.

Once a client decides to avail of any of the company’s home loans, he is guaranteed to experience some of these features-competitive rates; low or no down payment options; low documentation; reduced rates; no or low equity financing; or VA and FHA financing.

Along with these loan choices, Countrywide also aims to educate the borrowers with their H.O.M.E. (Home Ownership Mortgage Education) program. H.O.M.E. gives instructions on how to attain and hold on to home ownership.

Countrywide’s Data Protection Guarantee

Countrywide guarantees safeguarding of customer data and they do this by:

  • Setting up policies and rules in information handling
  • Use of data encryption, virus detection, and authentication technologies
  • Regular audits of company security procedures
  • Web site monitoring
  • Employee background checks

So when you are looking for a lending company that would provide you with a home loan, it’s wise to settle for the best. Countrywide Financial has a vast experience on providing home loans and they have excelled at it.

Being Successful in Obtaining a Home Loan Modification

Taking a casual approach to home loan modification could possibly lead to lender rejection. Here are some important strategies to help you be successful in obtaining a home loan modification.

Why Might You Be Turned Down?

An applicant’s ability to make payments on a loan is the “bottom line” in being granted money. A lender will assess that ability to determine whether or not an applicant is a “good risk”. Many people seek loans, even when their total expenses surpass the ability to pay. Figure out the math before you even fill out an application. So your strategy should start with figuring out what you can afford to pay based on your income, versus your expenses and liabilities. And always, always, be honest on your application. With access to computer-based data on your personal status, lenders can readily find out if you are “exaggerating” your data.

Even a loan modification is still a “loan”, and lenders are not concerned with the value it might add to your home. And some homeowners want to borrow money just to add to their home, not increase the value itself. A lender may look at that as a poor financial decision and refuse to “make the deal”.

What If You Were Unsuccessful?

It’s a fact that home loan modifications are not granted to every person who applies, but don’t give up. From here you have one of two options: either you can seek the advice of professional loan modification companies, or you can further your knowledge by purchasing more information for successfully completing a loan modification.

There are a few benefits in seeking the latter. The first is that you don’t have to pay thousands of dollars to increase your chances to pursue the modification again, as you would in hiring a professional service. Second, you are in control and not waiting on a third party to assist, hoping they are actually working on your file.

Either way, take charge of your situation, increase your knowledge, and take advantage of the information available via ebooks, at a fraction of the cost, versus hiring a professional, when you can do it yourself.

FHA Refinance, Home Loans and Mortgage Programs Fulfill Requirements of Home Buying

FHA Refinance offers several different options to those who are considering FHA Refinance Mortgage loans; Refinancing with an FHA loan can prove to be an effective way to put that equity to work. Refinance loans can be used to help with many personal financial situations like reducing monthly payments and all. It is not applicable for everyone, to get this approve we need to have certain requirements. Today most of the homeowners are struggling with monthly repayments of home, in this case they ac n directly go for FHA Refinance and also they can able to afford it, FHA is Federal Housing Administration which is authorized by congress to offer full loan coverage and also makes the lenders to expose who are providing less debt and also ensure them to get higher competitive rates, also there is a hope for homeowners plan, which allows refinancing of such a loan to maximize its affordability.

One thing that should keep in mind is FHA Refinance is beneficial for those who are currently using their home as their principal residence and also it available for them only. In two ways it can be beneficial, as in terms of streamlined refinancing and cash-out refinancing, in order to take an advantage, the home owner can refinance the existing mortgage for up to some percentage of the appraised value, another thing, which comes in streamlined refinancing, is it allows reducing an interest rate on your current home loan quickly and thus also cuts down the amount of paperwork that must be completed by the lender. All these are really very help full to refinance your loan. In case of FHA Home loan, then it is good for the first time buyers, if they are buying a house for the first time then this plan is beneficial for them, FHA Home loan offers variety of options to the first time buyers and the government is working for this to make it convenient for people as possible.FHA home loans are very safe for the first time buyers as this is just what you need, as compared to other loans, it requires lower down payments.

Now looking at the requirements, first time home buyers always get confused in where to move, and which kind of plan they should go for, that is why this FHA home loan is created by the government to help those people who cannot afford high mortgage, it is important that, the borrowers must have to be employed for 3years, there should not be more than two late payments on the credit report, and they must be of certain age. By having these all, you can easily go for FHA Home loan, which you can afford to have.FHA home loans are easy to qualify, if you are not in a condition to afford mortgage loans then FHA Home loan is the best for you, one can simply find it on the internet, which can reveal you about FHA Home loan and also about the requirements. FHA home loans are not granted by government but these loans are Mortgage loans that are guaranteed by Federal Government. For home buyers there is a great option for mortgages, as they can also go remodeling of older home in their mortgage note.

There are several sites you will find on the internet that offers FHA home loan program and also about the FHA Refinance and mortgage programs, through which you will get the essential information and details to apply for that.