Good Information Articles

Countrywide Home Loans Assures Homeowners and Home Buyers That They Still Have Many Mortgage Loan Choices

Calabasas, CA (Vocus) March 17, 2007 -- Countrywide Home Loans, Inc., a member of the Countrywide Financial Corporation family of companies, America's #1 home loan lender,* wants to assure homeowners and prospective home buyers that there is still a broad range of mortgage loan choices available to them. Financial market conditions have required many lenders to make revisions to some loans offered to homeowners who have less-than-perfect credit, often known as subprime borrowers. In addition, there have been changes to some loans that fall between the prime and subprime categories. However, the majority of America's homeowners and home buyers still have access to a wide range of mortgages, including no downpayment loans, or 100 percent financing.

"We want to assure homeowners that there is still an extensive selection of mortgage loans to suit a multitude of personal and financial circumstances," said Tom Hunt, managing director of Countrywide Home Loans. "We recognize it's been widely reported that some major lenders, like Countrywide, no longer offer 100% financing. In fact, we have made changes to certain subprime and other special mortgage programs, but we have not eliminated 100% financing. We still offer one of the widest selections of low- and no-downpayment options to qualified customers, including those with less-than-perfect credit."

Countrywide offers a few tips to homeowners or home buyers who are seeking a mortgage loan:
1)    Don't Panic. While there is a lot of news about changes in the mortgage market, most consumers will still be able to find a mortgage loan that fits their circumstances.
2)    Talk to a reputable lender. When you're ready to refinance or purchase a home, be sure you speak with a reputable lender who can offer you a wide array or loan choices.
3)    Get the lowdown. Ask your lender to thoroughly explain each mortgage loan type you are considering and be certain you ask questions until you completely understand your loan options. If you choose an adjustable rate loan or a mortgage with other unique options, learn how the interest rate or other features may change over time and be sure you are comfortable with those changes.
4)    Take advantage of historically low rates. Remember that interest rates are still at historical lows. Regularly "manage" your mortgage to ensure that your loan and its terms still match your current personal and financial situation. If changing life stages or other circumstances call for a mortgage change, you may want to take advantage of today's relatively low interest rates.

As with any financial decision, consumers should carefully evaluate their options and fully understand the advantages and disadvantages before making a change. Borrowers should evaluate the new loan's mortgage payment structure and schedule to ensure that they feel comfortable with the monthly payment and understand the risks associated with the prospective mortgage.

*About Countrywide Home Loans, Inc.
Countrywide Home Loans, Inc., - a member of the Countrywide family: America's #1 home loan lender as ranked for 2006 by Inside Mortgage Finance (Feb. 2, 2007), Copyright 2007 - originates, purchases, securitizes, sells and services home loans and is the primary subsidiary of Countrywide Financial Corporation (NYSE: CFC). Countrywide Financial Corporation, through its subsidiaries, provides mortgage banking and diversified financial services in domestic and international markets. Founded in 1969 and a member of the S&P 500 and Fortune 500, Countrywide Financial Corporation is headquartered in Calabasas, California and its family of companies has a workforce of more than 50,000 in over 900 offices across the country.

###

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

MORE ARTICLES:

Eating Out Or At Home In Chesterfield
With the new scores on the doors information released by the council and environmental health how do you choose where to go for a meal? According to the list the only safe places are school and hospital based kitchens.

What to Keep in Mind With Home Mortgage Refinance
There are quite a lot of things that you must keep in mind while considering the home mortgage refinance option Though it is a great money saving decision, you still need to be careful

The Internet Craze, Making Money Online... Scam or Not?
The net is full of good opportunities to do most what ever a person can imagine! The Big boys, Google and Yahoo are doing a fine job of putting tools out there for the novice and expert to use in building there sites and blogs. Some of these are Adsense, Adwords, Page Builder, Blogspot among a huge list of others! To the point of the title. There are also a lot and I mean a whole lot of people who will sell you products that look great and have a nice landing page for you to be hypnotized by. But the products hardly ever live up to there claim they boast. Be sure to read the reviews on these products being posted. Double check there claims of success. Read the reviews written by the people you trust. Find a source you like and can use w...

The Benefits of Adding a Blog to your Business Website
A blog - or weblog - may seem to you to be simply a computerized journal that some publish on the web for all to read, but it has become a mainstream form of journalism which can encompass anything from personal reflections to opinions on current events. Today, even our presidential candidates employ bloggers to assist with their campaigns as part of their overall marketing strategy. Adding a blog to your business website is a great way to increase your sites traffic, thus getting - and keeping - more business customers. Including a blog on your website can definitely help your search engine rankings. Search engine 'spiders' continually crawl the web looking for new content, and sites which are regularly updated are apt to attract more atte...

Legal Assistance: Ways In Which Lawyers Can Help Your Business
You can't escape them. Sooner or later you're going to have to face them.

In Business? 10 Reasons Why You Need a Website -- Now!
1) Word of Mouth The single most powerful form of new business creation is word of mouth. Your past customers, friends, acquaintances and staff aren't likely to carry your brochure or even your business card everywhere they go.

Hernia Mesh Patch Recall - FDA Warns of Death and Serious Health Problems
The FDA has upgraded the recall of several Bard Composix Kugel Mesh Hernia Patches to warn patients of the possibility of death and serious health problems. Lawyers are assisting patients with the recalled devices file claims for medical monitoring and compensatiom.

Lease with Crystal President Advises Small Business Owners on Evaluating Equipment Leases: Crystal Riley Gives Tips to Determine Which Equipment Leasi
According to the Equipment Leasing Association, 80 percent of U.S. companies lease some or all of their equipment. And while Crystal Riley, president of Lease with Crystal, agrees that leasing is the best way to go, she also recognizes that some leases are better than others. Riley recommends that small business owners take a close look at three kinds of leases.

Post-Nasal Drip May Produce Multiple Health Complications
Post-Nasal DripPost-nasal drip is the sensation of liquid or mucous buildup in the back of the throat. Post-nasal drip is caused by drainage from the nasal cavities into the back of the throat.

Australia Travel and Vacations, You Are Going to Love it!
SYDNEY IS THE PLACE TO VISIT IN 2005! Welcome to a land where convicts were the first settlers, where kangaroos, koalas, and wombats still roam, and where everything seems a little different. When it is summer here, it is winter there.

Experience The Benefits Of Having Internet Connection
Access to information these days is becoming faster, like the speed of light. It is pretty fast accessible at the tips of your fingers. Internet access has been revved up with the advent of broadband Internet connection: dial-up, high speed, satellite, fiber optics, etc, Whatever the connection is, the Internet provides huge doors to the world even at the comfort of your own house or office in one sitting. Users marvel at the ability of how technology can bring them to different parts in the world in just a click. While some are still torn between establishing this connection on their traditional computers or pricey laptops, there are some who are reaping the benefits of its use and this goes to pose that question: what are the benefits of ...

Vitamin C - The Most Common Health Food Supplement
Vitamin C or Ascorbic Acid was first isolated from lemons in 1932. The C in this very important vitamin is debatable and may stand for citrus, cold, or collagen for the following reasons.

Paying For Individual Health Plans For Employees
Many employers in California do not realize that paying for employee's individual health insurance policies presents many problems There can be liability for the employer in doing so

Your Home Biz Store
To make your home biz store successful, you need to establish the following characteristics. First.

CardsDirect Leads the Way for Greeting Cards to be Recycled; Holiday Cards Find a New Home
The "CardsDirect 2007/2008 Card Recycling and Re-Use Program" was wildly successful for recycling cards and retrieving reusable cards to be given to organizations in need. As such CardsDirect is announcing an extension of the program as well as working to add more recycled card products to its assortment.