Bad Credit Online Magazine - Daily News and Advice on Credit, Debt and Mortgage : Countrywide unveils new product that let's you lock interest rate up to 2 years

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September 07, 2005

Countrywide unveils new product that let's you lock interest rate up to 2 years

If you are building your dream home now, you may be rightfully concerned about what will happen with mortgage interest rates, when the house is ready and you must close. Now you can lock today's still very low rates up to 2 years. That should be sufficient for a builder to finish your construction. Builder Rate Cap from Countrywide allows you to do just that.

There are few stipulations of course, one of those is that your builder must be on the Countrywide approved list. The program also comes with upfront fees to guarantee interest rate cap.

We strongly recommend consulting qualified mortgage broker or contact Contrywide direct at 1-800-586-3974.

Posted in Mortgages at September 7, 2005 08:33 PM

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