The Countrywide Bank holds a prominent place among the top ranking American banks which offers exclusive banking products at highly competitive rates. Although the bank offers a wide range of banking facilities but what makes it number one is its loan products especially the Home Loans. Different types of home loans are available for people with different income levels, lifestyles, spending, different debt ratio and equity management etc. at this American bank.
The first category of home loans is the 30 Year Fixed Mortgage Loan which is spread over a span of thirty years as the name suggests. It thereby reduces the uncertainty of fluctuating market rates because the loan schedule is prepared keeping those fluctuations under consideration. This loan program of the Countrywide Bank also allows the borrower to plan or stay in their homes for a longer period of time. Then comes the Fastrack Refinance option with which people can re quote their loans at lower rates and thus reduce their payment amounts. This loan also extends the facility of eliminating the mortgage insurance from the loan by ruling out much of the paper work and the time taken to process the applications etc.
The Fast and Easy Loan is an instant home loan which comes with minimum amount of paper work and processing time so as to facilitate clients that are in need of an urgent loan facility. Under the Fannie Mae Expanded Approval program at Countrywide Bank, people with a bad credit rating can avail loans at cheaper rates and cost than those offered in the market by other banks and institutions. With the Fannie Mae Flexible 100 loan program, first time borrowers with high creditworthiness are backed by the bank if they have no funds to make down payments and incur closing costs.
The Countrywide’s House America Loan ensures that your loan gets approval and you get yourself the dream house you always wanted as it has softer terms and conditions. People who want to safeguard themselves against the uncertainty of not being able to payback each month can choose between four payment options each month with the Payment Advance 5/1 ARM home loan program. This also gives the convenience of a fixed rate loan for the first five years of the period. Not only does the bank offer loan facility for first time borrowers, people thinking of buying a second home can explore the Countrywide Bank’s various options which are affordable and convenient. Cash Out and Debt Consolidation Home loans enable borrowers to cash the equity in their homes and then go for a refinance or acquire another loan as per their wish. Apart from these loans for individual borrowers, veterans are offered home loans with exclusive features like no down payment, no mortgage insurance, and no penalties on late repayments and refinancing options to lower monthly payments.
Refinancing home loans at Countrywide Bank are offered at attractive rates and payment options which include fixed rate mortgages and adjustable loans. The bank facilitates borrowers with a monthly payment calculator. Home equity loans are available at the most flexible rates and closing options. Borrowers can also use lines of credit to achieve maximum convenience on loans. They have the option of reducing monthly payments by consolidating debts on all sorts of secured and unsecured loans thereby lowering the interest rate and choosing between compound interest and simple interest option.
The Countrywide loan reduces your tax burden by employing flexible tax-deducting formulae on your loan account. You can use your home equity as part of your down payment and thus get better terms on a home purchase or a refinance loan. The bank also offers ready cash to facilitate your investment ventures, unplanned purchases and urgencies of cash with the line of credit plan. Besides, you can also take up cash for particular cash need like tuition fee, new vehicle, a family vacation or even for reconstructing your house.
All this and so much more doubtlessly makes Countrywide Bank America’s number one home loan provider.
