Countrywide Home Loan

Countrywide Home Loan - As If!

Is there any more room in the California real estate market for a Countrywide home loan? they're great for low income individuals, will approve bad credit applicants in a heart beat, and can wield an ARM better than practically any home loan master. But what won't work for a California home loan these days? Low income. Bad credit. Adjustable rates.

Say goodbye to the Countrywide home loan

Just take a look at a few quick mortgage comparisons and you'll see why the Countrywide home loan might not be able to hack it in today's California real estate market. They're just too big, too slow, to set on the ARM and focused on bad credit solutions to handle the insanely high real estate prices seen in every corner of California. Sure, you can get a quote for a Countrywide home loan, and you should if you have bad credit and are having a hard time finding a lender willing to take a chance with your loan. But chances are you'll either:

1. Find a better offer with another lender, or
2. Be approved only for a countrywide home loan that you'll quickly find out you just can't afford.

Because there will be lenders who will always tell you yes - a Countrywide home loan might be one of them - and they'll approve you even if they know and you know you won;t be able to handle the costs.

What does Countrywide have to gain?

just because they specialize in bad credit financing doesn't mean Countrywide won;t take advantage of a profitable situation when they see it. Foreclosures are on the rise, and those hardest hit are the people who took out ARMs for amount significantly greater then their incomes qualify them for - i.e. people with bad credit. So if you fail with your Countrywide home loan Countrywide still stands to profit huge by the foreclosure.

AS IF!

About Us | Contact Us | Site Map | What's New | View as RSS