Countrywide Home Loans, Inc., the nation’s largest independent mortgage lender, is now offering an online product that gives qualified borrowers quick access to cash through cutting edge technology. The home equity line of credit provides homeowners with a personal financial tool that can help them achieve their financial objectives.
The 10-Day HELOC can be found in the Home Financing section of Countrywide’s Web site, . Homeowners who have at least $15,000 in equity and good credit can take advantage of this cost-effective product. The 10-Day HELOC is an excellent financial tool that provides homeowners with a revolving line of credit at a rate much lower than most credit cards. Consumers can access cash at any time for debt consolidation, home remodeling, car financing, college tuition or income taxes. With the holiday season in full swing, homeowners may find the 10-Day HELOC perfect for easing the financial strain.
“The 10-Day HELOC simplifies the process by utilizing Countrywide’s new automated underwriting and settlement services. The new internet loan process enables borrowers to receive cash in less than two weeks,” said Cameron King, Executive Vice President of Countrywide’s Electronic Commerce Division. “We have taken our automated underwriting engine, automated settlement service process and our automated appraisal system and merged them into the Countrywide Streamlined Loan Application. Countrywide’s advanced technology on the Internet places the ‘decision making process’ close to the consumer to improve transaction speed and simplify the process.”
Features of the 10-Day HELOC include:
— Consolidation of high interest credit cards or personal loans into one lower monthly payment. — Instant access to cash through check writing privileges. — Lower interest rate than most consumer credit cards. — Interest may be tax deductible(b).
Countrywide’s Web site uses advanced technology to simplify the loan process and offers accurate, easy to understand information. The site features competitive rates and simple online applications for a full range of home loan products as well as access to Countrywide’s state of the art underwriting systems and electronic business partner integration systems. Countrywide’s site was established in September 1996 and is experiencing tremendous growth, funding more than $78 million in November of this year.
Homeowners who are interested in refinancing or buyers who would like to lock in an interest rate from the comfort of their own homes can visit the company’s Web site at . To speak with a home loan expert directly, customers can call 800-479-8930.
Founded in 1969, Countrywide Home Loans, Inc. originates, purchases, sells and services loans for single-family homes. A member of the S&P 500, the company is headquartered in Calabasas, California and has more than 500 offices across the nation.
(a) Homeowners’ assistance in providing documentation and signing loan documents on short notice is necessary to ensure a 10-day close. (b) Customers should consult their tax advisor regarding their personal tax situation.Details