Countrywide Home Loans

Personally, I have had very good experiences with Countrywide Home Loans. Their customer service is great, it has really improved over the years and their loan officers are very low pressure. They get paid off a flat fee and so they are interested in getting you the best rate and giving you the best experienced so you will come back again and refer your friends. Even the front-line customer service representatives are very helpful and very well trained.

I recently contacted a loan officer at Countrywide Home Loans and he was very helpful throughout the process. He didn't seem like he was pulling any punches, he actually seemed like he was more interested in treating me good because he told me that he builds his business from referrals. I have dealt with brokers before, and the thing is you can never tell how much money they are tacking on with origination fees and rates spreads.

The loan rate may also be fixed for a period of time and then become variable after that (where the interest rate and payments change month to month depending on the market). This is what is called an adjustable rate mortgage or ARM. You should talk to a representative to figure out which Countrywide home loan would work best for you.

Like I mentioned above, do your homework before you talk to anybody, know what your FICO score is, look at sites like www.bankrate.com so you're up-to-date on current home mortgage loan rates and industry trends. Determine ahead of time which loan is for you whether it's an interest only loan, a fixed-rate loan, or a cash out refinance

As for home equity loans, look for open end. Which allow you to take as much equity out against the home as you need, as often as you want. Which is very helpful for all borrowers.

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