PITI the Fool - Countrywide Home Loan

Countrywide Home Loan - Tough Enough

When you be lookin' at a Countrywide home loan, the one thing you have to remember is no matter what your lender tells you, a loan is just a loan. There is nothing special about a Countrywide home loan other than the fact that it stems from a specific mortgage company - Countrywide. The same rules apply, the same tactics are used - the difference is in strength, size, and attitude!

Where a Countrywide home loan gets its funk

So, you've heard all this jibba jabba about Countrywide home loans. Good. Now forget it all and listen up. The Countrywide home loan got its name because of they way they became a national mortgage force:

it started off as two guys in a New York office thinking of ideas to make an easier, faster home loan
what they came up with was a chain of office locations minimally staffed and all offering similar mortgages to at-risk individuals with low-income or bad credit

From this origination Countrywide has grown into a national force to be reckoned with. A Countrywide home loan is now look upon as being able to offer some crucial benefits to their clients:

with so many locations a borrower can always find in-store service from their direct lender
with a base new home loan option these loans are easily fixed and adjusted to the individual
these dudes have incredible financial backing and their loans are renowned for their security and stability.

Thumped on the head, and now your dead

The size and stability of Countrywide does make for some problems for the individual borrower. Most people with a Countrywide home loan cannot easily refinance and cannot move within their loan once they have it. And if you have a problem it turns out very difficult to fix the problem when compared to other companies. A Countrywide home loan is a bad mamma jamma, a mean sucka that will get you your desired home and will keep you there. They are not malleable and they will not stand for late fees or any other hocus pocus you trying to pull. Believe the T - no matter how tough you get, Countrywide will always be tougher!