Comments on: Beware Countrywide Home Loans http://www.refiadvisor.com/pblog/refinancing-advice/beware-countrywide-homeloans/ Expert Mortgage Refinancing Advice You Can Trust Sat, 11 Feb 2012 02:15:20 +0000 hourly 1 http://wordpress.org/?v= By: Keith http://www.refiadvisor.com/pblog/refinancing-advice/beware-countrywide-homeloans/#comment-3962 Keith Fri, 18 Jan 2008 02:13:22 +0000 http://www.refiadvisor.com/pblog/uncategorized/beware-countrywide-homeloans/#comment-3962 Countrywide is ALWAYS inventing new fees and ways to scam victims. They said there would be NO fees when I setup my payment plan, then added fees. NONE of those fees show on any Countrywide statements! When I called they refused to remove the fees, and advised I should check my bank statement. However, it's too late by then they've already charged you the fees! They add fees and DO NOT put them on your statements!! When I called they told me I should have checked my bank statements..by then they’ve already charged you the Fees!! Countrywide is ALWAYS inventing new fees and ways to scam victims. They said there would be NO fees when I setup my payment plan, then added fees. NONE of those fees show on any Countrywide statements! When I called they refused to remove the fees, and advised I should check my bank statement. However, it's too late by then they've already charged you the fees!

They add fees and DO NOT put them on your statements!! When I called they told me I should have checked my bank statements..by then they’ve already charged you the Fees!!

]]> By: Andres Bustamante http://www.refiadvisor.com/pblog/refinancing-advice/beware-countrywide-homeloans/#comment-3941 Andres Bustamante Mon, 24 Dec 2007 09:37:49 +0000 http://www.refiadvisor.com/pblog/uncategorized/beware-countrywide-homeloans/#comment-3941 Countrywide is the worst! they tried to rip me off so badly when I bought my new home from KBHome. KBHome and Countrywide are hand in hand in a mortgage scheme that pits the home buyer against various builder deadlines forcing the timid to use Countrywide. KB and Countrywide paint such a horrible picture that you are lead to beleive that if you don't take advantage of their convoluted partnership, you will never have your home built. Countrywide takes advantage of this by offering predatory loan products that are inferior to the consumer's credit rating. Countrywide actually offered me an 80/20 loan when I more than qualify for 100% financing. The 20 portion of the loan was going to be a second mortgage that, by analysing the amortization schedule, would NEVER be paid off. In 5 years, I would have to refinance the 20 percent since I would only be paying interest. Best part is that I kept all of the documentation and I am so taking them tot he cleaners. Both Countrywide and KBHome need to feel the heat! Countrywide is the worst! they tried to rip me off so badly when I bought my new home from KBHome.

KBHome and Countrywide are hand in hand in a mortgage scheme that pits the home buyer against various builder deadlines forcing the timid to use Countrywide. KB and Countrywide paint such a horrible picture that you are lead to beleive that if you don't take advantage of their convoluted partnership, you will never have your home built.

Countrywide takes advantage of this by offering predatory loan products that are inferior to the consumer's credit rating. Countrywide actually offered me an 80/20 loan when I more than qualify for 100% financing. The 20 portion of the loan was going to be a second mortgage that, by analysing the amortization schedule, would NEVER be paid off. In 5 years, I would have to refinance the 20 percent since I would only be paying interest.

Best part is that I kept all of the documentation and I am so taking them tot he cleaners. Both Countrywide and KBHome need to feel the heat!

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