We have not clogged on the home but we are very close. When I went in to sign loan docs, my payment went up and they made a bunch of excuses as to why. I was dumb, felt pressured, and signed. Can I do a touch to extend escrow so I can see if another lender can do better?
, types of home loans in recent years. The lawsuit alleges Countrywide obscured the potential risks in the loans, misled consumers about payment terms, prepayment penalties and other obligations, and told borrowers they would be able to refinance before the interest rate on their loans adjusted. Countrywide is in financial distress and this week didn’t make any friends with homeowners by cutting off lines of credit for homeowners. In the past, consumers were given hone equity loans with …
I filled out an application with Countrywide. They approved it, but I need an appraisal. They say it will take 45-60 days. This seems like a long time. Has anyone else done this recently? How long did it take?
Well, Countrywide was able to do everything on the phone instantly except the appraisal. Their quick track program predestined they didn’t have to verify my income, which worked well for me. Being a current customer also gave me a better interest rate (4.7%). They say they have already requested the appraisal, and that an appraiser will contact me within 4 days. Knowing all this, I was surprised they said it would take 45-60 days to complete the entire loan process.
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12000- 15000 jobs cut