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I'm just curious. How does that work? If I wanted a Countrywide mortgage,
would I just go to any mortgage broker and say I want a mortgage through
Countrywide? I thought most mortgage brokers only work with certain
companies, so I'd have to find a mortgage broker who represents
Countrywide, right? Just wondering.
"Dollarsign" <rob.roi@verizon.net> wrote in message
news:oYFTe.3$3B2.2@trnddc02...
> I tried it. Rainmaker is right.
>
> www.mrheloc.com
>
> "Rainmaker" <brigadoon_8at@junodot.com> wrote in message
> news:11fpetvl99o4ce9@corp.supernews.com...
> > Countrywide Home Loans is one of America's largest mortgage lenders.
They
> > are a Fortune 200 company, and report funding over $10 billion in loans
> > every month.
> >
> >
> >
> > But, the best-kept secret about Countrywide is, if you want the very
best
> > rate and terms for a Countrywide loan, you cannot get it from Countrywide
> > Home Loans!
> >
> >
> >
> > That's right; you read correctly. Countrywide's best rate and terms
> > can't be had from a branch of Countrywide Home Loans. Instead, you
> > should call your local mortgage broker.
> >
> >
> >
> > Countrywide's Wholesale Lending Division (WLD) offers all the same loan
> > programs to loan brokers that are available from their retail outlets,
at
> > substantially lower rates.
> >
> >
> >
> > Countrywide isn't alone; the same is true for Wells Fargo, Chase, and
> > virtually every other major lender in America.
> >
> >
> >
> > The reason for this is something called, "The Cost of Origination", the
> > time, energy, and resources necessary to find borrowers and write loans.
> > Since the wholesale division relies on brokers to bear that cost, they
> > pass the saving through. The broker, in turn, will share a portion of
> > that savings with the borrower.
> >
> >
> >
> > If you do not believe me, you can prove it to yourself. Next time you're
> > in the market to purchase or refinance a home, call your local
Countrywide
> > Home Loans branch. Ask the loan officer about a specific loan program
> > that suits your needs. Then call your local mortgage broker and ask
> > him/her if they are approved to originate Countrywide loans. When you
> > find one who is, ask them to quote a rate on the same program.
> >
> >
> >
> > Even with broker origination fees, I guaranty the terms will be better.
> >
> >
> >
> > Try it.
> >
> >
>
>
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Re: Best Kept Secret About Countrywide
