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SHILOH.
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November 6, 2007 at 9:28 PM #10833November 6, 2007 at 9:47 PM #96502
kev374
ParticipantIf they are giving 5.25% to delinquent borrowers what rate are they giving to their new customers with 700+ FICO score and 10-20% downpayment? It’s got to be way less than 5.25% otherwise it wouldn’t make sense. I think anyone who finances through countrywide is an idiot, but then again anyone who buys a property now is a complete idiot so…
November 6, 2007 at 9:47 PM #96563kev374
ParticipantIf they are giving 5.25% to delinquent borrowers what rate are they giving to their new customers with 700+ FICO score and 10-20% downpayment? It’s got to be way less than 5.25% otherwise it wouldn’t make sense. I think anyone who finances through countrywide is an idiot, but then again anyone who buys a property now is a complete idiot so…
November 6, 2007 at 9:47 PM #96573kev374
ParticipantIf they are giving 5.25% to delinquent borrowers what rate are they giving to their new customers with 700+ FICO score and 10-20% downpayment? It’s got to be way less than 5.25% otherwise it wouldn’t make sense. I think anyone who finances through countrywide is an idiot, but then again anyone who buys a property now is a complete idiot so…
November 6, 2007 at 9:47 PM #96581kev374
ParticipantIf they are giving 5.25% to delinquent borrowers what rate are they giving to their new customers with 700+ FICO score and 10-20% downpayment? It’s got to be way less than 5.25% otherwise it wouldn’t make sense. I think anyone who finances through countrywide is an idiot, but then again anyone who buys a property now is a complete idiot so…
November 6, 2007 at 10:16 PM #96514Raybyrnes
ParticipantPhrases like “as low as” “up to” “around” are marketing phases. They also help to sell advertising. Without knowing what the loan note is the only thing I get from the article is that Countrywide is going to work with borrowers to maidfy loasn. Whether this helps or not only time will tell.
November 6, 2007 at 10:16 PM #96575Raybyrnes
ParticipantPhrases like “as low as” “up to” “around” are marketing phases. They also help to sell advertising. Without knowing what the loan note is the only thing I get from the article is that Countrywide is going to work with borrowers to maidfy loasn. Whether this helps or not only time will tell.
November 6, 2007 at 10:16 PM #96585Raybyrnes
ParticipantPhrases like “as low as” “up to” “around” are marketing phases. They also help to sell advertising. Without knowing what the loan note is the only thing I get from the article is that Countrywide is going to work with borrowers to maidfy loasn. Whether this helps or not only time will tell.
November 6, 2007 at 10:16 PM #96593Raybyrnes
ParticipantPhrases like “as low as” “up to” “around” are marketing phases. They also help to sell advertising. Without knowing what the loan note is the only thing I get from the article is that Countrywide is going to work with borrowers to maidfy loasn. Whether this helps or not only time will tell.
November 7, 2007 at 8:28 AM #96705(former)FormerSanDiegan
ParticipantI think anyone who finances through countrywide is an idiot
I guess I am an idiot.
I refinanced a rental property through them a while back. They ended up as the servicer of a loan I had since 2002, and locking in about 250K loan with them at 6.25% was pretty easy (essentially no doc) and seemed prudent after riding a 5-year rate at 5.5%.
November 7, 2007 at 8:28 AM #96696(former)FormerSanDiegan
ParticipantI think anyone who finances through countrywide is an idiot
I guess I am an idiot.
I refinanced a rental property through them a while back. They ended up as the servicer of a loan I had since 2002, and locking in about 250K loan with them at 6.25% was pretty easy (essentially no doc) and seemed prudent after riding a 5-year rate at 5.5%.
November 7, 2007 at 8:28 AM #96689(former)FormerSanDiegan
ParticipantI think anyone who finances through countrywide is an idiot
I guess I am an idiot.
I refinanced a rental property through them a while back. They ended up as the servicer of a loan I had since 2002, and locking in about 250K loan with them at 6.25% was pretty easy (essentially no doc) and seemed prudent after riding a 5-year rate at 5.5%.
November 7, 2007 at 8:28 AM #96626(former)FormerSanDiegan
ParticipantI think anyone who finances through countrywide is an idiot
I guess I am an idiot.
I refinanced a rental property through them a while back. They ended up as the servicer of a loan I had since 2002, and locking in about 250K loan with them at 6.25% was pretty easy (essentially no doc) and seemed prudent after riding a 5-year rate at 5.5%.
November 7, 2007 at 10:18 AM #96727CMcG
ParticipantWow, read the comments on that article. Hundreds of people, almost all of them very pissed off…especially people who feel like they are the biggest “chumps” of all…people who have saved money for years in order to buy but waited.
I am going to assume that this CW restructuring is going to involve tacking 10 or 20 years onto the loan. Do you think that’s what will happen?
November 7, 2007 at 10:18 AM #96793CMcG
ParticipantWow, read the comments on that article. Hundreds of people, almost all of them very pissed off…especially people who feel like they are the biggest “chumps” of all…people who have saved money for years in order to buy but waited.
I am going to assume that this CW restructuring is going to involve tacking 10 or 20 years onto the loan. Do you think that’s what will happen?
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