04-08-2009, 09:58 PM
Ya, CW was a huge option arm bandit...ugh.. though, i'm kinda screwed when it comes to doing business with them this time 
.....though, in my case, I don't think countrywide was the original funder.
Some other info, in case people are interested...
above 95% LTV, you start paying points. 0.5 up to 97% and 1.0 after that.
No income documentation needed
Fannie and freddie currently have different policies as to how much of the closing costs you can roll into the loan.
As of today, this a very new program, so the workers don't know all the pieces of it. YMMV.
kiva
.....though, in my case, I don't think countrywide was the original funder.Some other info, in case people are interested...
above 95% LTV, you start paying points. 0.5 up to 97% and 1.0 after that.
No income documentation needed
Fannie and freddie currently have different policies as to how much of the closing costs you can roll into the loan.
As of today, this a very new program, so the workers don't know all the pieces of it. YMMV.
kiva