The Home Loan Lender
All lenders are not alike. The way a lender does business and the customers they have experience serving affect how flexible they can be when they consider your loan application. The type of organization a loan professional represents also makes a difference.
Who are mortgage lenders?
Mortgage lenders may be:
- Banks
- Savings and loans/Thrifts
- Finance companies
- Mortgage companies
- Subsidiaries of multinational conglomerates
- Brokers representing a variety of lenders
These are very different types of organizations. They have different financial resources, different policies, different laws governing their business practices and even different philosophies about lending.
Things You Can Do to Understand Lender Policies:
Get to know a lender. Ask if the organization follows a more conservative or more flexible policy when making decisions to approve a loan. Also ask about the income and credit profiles of the customers they most often serve.
Countrywide Bank’s Full Spectrum Lending Division is different from most lenders. We understand that not every consumer has the same lending needs, and we’ve devoted ourselves to becoming part of the solution.
Learn more about Full Spectrum Lending..
Call us today at 1-800-909-8217 for a FREE loan consultation from an experienced Home Loan Consultant.
Equal Housing Lender. ©2008 Countrywide Bank, FSB, Full Spectrum Lending Division. Member FDIC. Trade/service marks are the property of Countrywide Financial Corporation, Countrywide Bank, FSB, or their respective affiliates and/or subsidiaries.