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My husband and I bought a home 3 years ago and since Countrywide had the lowest interest rate that we could find on a 15 year home loan, we went with them. A great FICO score can get you the best rate from any company you choose to borrow from. Everything went great.......no problems......we pay our note a week before it is due and other than a few bothersome phone calls in the beggining trying to get us to re-finance at a better rate (which there was none -- was just a mass phone call pitch to everyone with loans) we have had no problems with them.
We did not get a home above our means or a note that we could not afford. We did not have to call them to re-negotiate our loan because we did it right the first time.
I see all this bashing against a company that is only "partially" to blame.....the buyers are the other party that should take responsibility. I understand that people get in binds and need help from time to time, but it is NOT the lender of your home loan that should bail you out of a problem that you yourself helped create. If you find yourself in a situation that you have to have help in, then bite the bullet and get the help. No use complaining, because for those of us that did it right the first time and knew not to over-extend ourselves we are tired of hearing the complaints.
This company is just like any other......they are not different....the other loan companies did the same thing as Countrywide but not on such a high level. So, if you are complaining about them, there are other people complaining about the other companies who they have their loans with.
Countrywide is not obligated to go above and beyond just to get you out of the jam that you and them agreed to be in.
If you had managed your money and prepared for your future before you agreed to take out a loan with them, you would not be in the situation you are in and need their help to get out of it.
Just wanted to put my 2 cents in.
Overall, I have no complaints about them as my current mortgage company, nor do I have any complaints about any of my credit card companies, or my car loan company, or any other company that I choose to borrow from.
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