Andrew Vaughey, Countrywide Home Loans Encourages Homeowners to Conduct Annual Mortgage Check Up<br><br><br><br> Calabasas, CA (PRWEB) March 19, 2007 -- Countrywide Home Loans
encourages homeowners to conduct an annual mortgage evaluation to
ensure that their home loan terms are still in line with their current
financial and personal circumstances. Many Americans may overlook their
home as a useful financial management tool - indicating a gap in
Americans&#39; appreciation of potential ways to make the best use of a new
or existing mortgage. However, depending on their future plans and
expected financial situation, there may be various mortgage solutions
that, in fact, help them manage and achieve their changing financial
goals. Many mortgage lenders, such as Countrywide, offer free home loan
consultations to help homeowners evaluate their home financing options.
Homeowners may also call <span onmouseup="SetCallButtonPressed(this, 0,0)" onmousedown="SetCallButtonPressed(this, 1,0)" onmouseover="SetCallButton(this, 1,0);skype_active=CheckCallButton(this);" onmouseout="SetCallButton(this, 0,0);HideSkypeMenu();" class="skype_tb_injection" id="__skype_highlight_id">
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visit us on-line.</a><br>
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&quot;Many homeowners may feel that they are tied to their original mortgage
loan,&quot; said Greg Lumsden, senior managing director and president of
Countrywide Home Loans&#39; Full Spectrum Lending Division. &quot;They tend to
underestimate the potential value of changing their home loan
strategies to meet short-term or long-term goals and match their
current life stage. These homeowners may think of their mortgage as
something they&#39;re stuck with until they sell their home, and that just
isn&#39;t the case any more for many homeowners.&quot; <br>
<br>
Homeowners should review their monthly mortgage statement and loan
terms regularly to determine if refinancing would be helpful to their
circumstances. Options might include:<br>
&nbsp;&nbsp;&nbsp;
Investigating Interest. Obtaining a new loan may be a smart move when
homeowners have a current mortgage with an adjustable interest rate
that&#39;s on the rise. They may consider loans with a lower rate, a fixed
payment, a different loan term or other features that match their
current financial situation or long-term goals. <br>
&nbsp;&nbsp;&nbsp;
Considering Cash-Out. A <a href="https://loans.countrywide.com/FTLP/WHNew/SEOP1/default.aspx?from=EN_10&amp;afid=825&amp;sourceid=spr3_132" target="_blank" title="cash-out refinance">cash-out refinance</a>
can leverage equity as a source of funds needed to meet personal and
financial goals, including home upgrades that may add to the property&#39;s
value in the long run.<br>
&nbsp;&nbsp;&nbsp;
Unlocking the HELOC. Homeowners may choose to open a <a href="https://loans.countrywide.com/FTLP/WHNew/SEOP2/default.aspx?from=EN_10&amp;afid=825&amp;sourceid=spr3_133" target="_blank" title="home equity line of credit (HELOC)">
home equity line of credit (HELOC)</a>
to tap funds from available equity to be used for multiple purposes, or
in an emergency. Interest rates and monthly payments are generally
lower than on credit card or installment loans and the interest paid is
often tax deductible (a tax advisor should be consulted). Plus,
payments are not usually due until money is accessed, so the unused
line of credit provides a safety net for emergencies.<br>
<br>
As with any financial decision, consumers should carefully evaluate
their options and fully understand the advantages and disadvantages
before making a change.<br>
<br>
Homeowners can speak with a home loan expert at <span onmouseup="SetCallButtonPressed(this, 0,0)" onmousedown="SetCallButtonPressed(this, 1,0)" onmouseover="SetCallButton(this, 1,0);skype_active=CheckCallButton(this);" onmouseout="SetCallButton(this, 0,0);HideSkypeMenu();" class="skype_tb_injection" id="__skype_highlight_id">
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on-line.</a>  <br>
<br>
About Countrywide Home Loans, Inc. <br>
Countrywide Home Loans, Inc., a member of the Countrywide&reg; family -
America&#39;s #1 home loan lender - (as ranked for 2006 by Inside Mortgage
Finance, Feb. 2, 2007, Copyright 2007), originates, purchases,
securitizes, sells and services home loans and is the primary
subsidiary of Countrywide Financial Corporation (NYSE: CFC).
Countrywide Financial Corporation, through its subsidiaries, provides
mortgage banking and diversified financial services in domestic and
international markets. Founded in 1969 and a member of the S&amp;P 500
and Fortune 500, Countrywide Financial Corporation is headquartered in
Calabasas, California and its family of companies has a workforce of
more than 55,000 in over 900 offices across the country.<br>
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