Important Things to know about Countrywide Home Loans

Important Things to know about Countrywide Home Loans

With not so good reputation in the industry, countrywide home loans have still managed to attain success and magnetize customers. The ones who were scammed, by proffering partial or incomplete information will obviously put in a very dirty picture of this particular entity, which is now Bank of America's property.

But there is seriously no point believing in just one side of story and coming to a conclusion. No doubts, countrywide home loans have been criticized and even sued for their bad undertakings; but we all really need to get the actual picture so that we can think about taking help from them for buying our dream house or simply move away to someone better and reliable.

With the following pros and cons of dealing with countrywide home loans, we will try to summarize whether it is worth it or not.

Pros :

It is now owned and managed by Bank of America. Since, BOA is reliable, trading with countrywide home loans might not be a very big issue now.

Earlier countrywide home loan's staff and services were extensively criticized, but according to the recent updates received, their customer service is excellent. They respond in a good manner and attend their customers' every inquiry.

The staff managing countrywide home loans now, is skilled and proficient in their task. They are helpful and supportive.

Chances of bagging a great deal are extremely high. With a good income and resources, you can definitely guarantee a good deal worth investing in.

They have even modified their home loan plan for helping troubled loan takers to easily repay the credit they have acquired.

Cons :

Extremely bad past reputation.

Internet is full of real cases where people were scammed and ripped of by countrywide home loans.

Bank of America is currently trying every possible tactic to transform the bad image countrywide loan has acquired over all these years.

If you have had a bad experience with this type of loan, then it is advised that you move on. But, people should not hesitate in giving the loan another try, because BOA will definitely come to your rescue if things fall apart again.

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