http://www.fixedraterefinance.com/home-equity/loan/countrywide/ A Countrywide home equity loan should not lead you to need a refinance, and your probably won't have to refinance your Countrywide home equity loan. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Coming through on their word The thing about a home equity loan is that thee rates are set in large part by the lender. Its not national levels that make equity financing more costly, its the increased lending risk. So, when you are dealing with a Countrywide home equity loan, with a company supposedly fighting for the aid and home financing opportunity of minorities and low-income individuals, you should expect a good deal. A Countrywide home equity means not having to worry about refinancing And good deals are what you find. A Countrywide home equity loan will help you access that home equity with minimal fuss, minimal paperwork, and surprising minimal interest rates. At least, rate are minimal to what you could expect from other mainstream lenders. The home equity loan rates attached to a Countrywide home equity loan are based on: Your credit history, established into three tiers of Excellent, Good, or Average. Combined Loans to Value Ratio, or how much you have remaining on your mortgage and second mortgage balances compared to the resale value off your home. The amount you are looking for from thee proposed Countrywide home equity loan where the more money you're looking for, the lower your rate. These same determinants are what you should expect from other lender., but with one critical difference. While other lenders will show a sharp increase in rates as credit histories decline, with a Countrywide home equity loan the rates are relatively stable. How can they do that? What does that mean for your refinancing options? Countrywide sticks to their word The Countrywide home loan is synonymous with lower-income home financing, and they're sticking to it. There is a huge market for low-income and bad credit, and Countrywide has been tapping into that market for over three decades. They have experience, they're good at it, but most importantly they've stuck to their roots. From the outset Countrywide home equity loans were designed to be more affordable for the people who couldn't realistically afford them. While Countrywide home loans offer lower rates they are not offering financial strength and there is no guarantee that you will be able to handle the extra mortgage payments despite those lower rates. Countrywide carries good intentions and is extremely successful at what they do. You may not find a better deal - refinancing may actually bee a moot point - but as a smart consumer you have to look beyond these intentions, beyond thee silver lining and see these loans for what they really are - financial aid designed toward the profit of the lender. Sat, 26 Jul 2008 15:00:00 EDT