Is countrywide home loans considered a loan broker?

Answer Countrywide Home Loans is not a loan broker. Loan brokers simply serve as the middle man between a mortgage lender and a mortgage borrower. Countrywide is a mortgage lender and is currently owned b... Read More »

Top Q&A For: Is countrywide home loans considered a loan broker

Does Countrywide do home construction loans?

Countrywide Financial no longer exists as a distinct company. Bank of America purchased Countrywide in 2008, and the Countrywide part of the business was renamed and rebranded to Bank of America Ho... Read More »

Is a home equity loan considered a second home loan?

A home equity loan is a secondary mortgage against the equity in your home. The terms of the loan, such as the interest rate and the length of the loan, are normally different from your primary hom... Read More »

Can You Get Extra on a New Home Loan to Pay Off Other Loans?

The size of your mortgage is not limited to the cost of your new home. You may take a mortgage of any size and apply only part of the loan to your current house. This can allow you to purchase othe... Read More »

Why Do Fixed Loan Interest Payments Vary on Home Equity Loans?

Fixed interest rate loans have the same financing cost for the entire time they are active. However, just because the interest does not vary, the payment amount is not set in stone. Depending on ho... Read More »