Hey Guys -
As some of you know, I used to be a big fan of Countrywide -- having used them for several of my loans in the past due to good customer service by my local agent and the ability to get me good rates with decent closing costs.
Well, a lot has changed since then. Recently I was purchasing a house to flip and I shopped all over to get financing for it because of the credit crunch. Countrywide was one of the banks that I contacted which quickly denied me financing.
I ended up going with a small local mortgage broker who was able to secure me financing at a smaller lender.
1 Month after closing the deal I got a note in the mail that my loan was being sold, and who do you think bought it? I'll give you 1 guess:
.
.
.
.
Countrywide!!!!
ROFL.... If these guys would have just worked with me up front they could have made so much more money, since they ended up with my loan anyway. Now they are going to LOSE money because they bought the loan at a discount, and I plan to have it flipped and paid off in a few months.
And that my friends is one of the reasons why Countrywide is going down like the Titanic...
- Hakrjak
As some of you know, I used to be a big fan of Countrywide -- having used them for several of my loans in the past due to good customer service by my local agent and the ability to get me good rates with decent closing costs.
Well, a lot has changed since then. Recently I was purchasing a house to flip and I shopped all over to get financing for it because of the credit crunch. Countrywide was one of the banks that I contacted which quickly denied me financing.
I ended up going with a small local mortgage broker who was able to secure me financing at a smaller lender.
1 Month after closing the deal I got a note in the mail that my loan was being sold, and who do you think bought it? I'll give you 1 guess:
.
.
.
.
Countrywide!!!!
ROFL.... If these guys would have just worked with me up front they could have made so much more money, since they ended up with my loan anyway. Now they are going to LOSE money because they bought the loan at a discount, and I plan to have it flipped and paid off in a few months.
And that my friends is one of the reasons why Countrywide is going down like the Titanic...
- Hakrjak
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
