Key Benefits of 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 benefit of dealing direct with a lender as big as Countrywide Home Loans is that you don’t have to deal with a “car sales like close” when you’re trying to refinance your home. A disadvantage with dealing with a lender the size of Countrywide Home Loans is that they don’t have as many creative options as a broker might have. But if you have good credit and solid income your best bet is to go direct to the lender and get the cheapest loan possible.
Fees are a concern for anyone getting any home loan from anywhere, and they should be. The money is yours and you want to know why you are paying. Depending on what your loan is, there are different fees that may or may not be assessed when you go to apply for your Countrywide home loan.
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.
