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(The Year 2012 In Review)
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|User Info||16.5% of Home Equity Loans Delinquent; entered at 2007-12-01 19:23:23|
Registered: 2007-09-11 Live Free Or Die; US Army Est. 1775
Read what I wrote! Closely!|
COUNTRYWIDE GAVE ME A HELOC I NEVER ASKED FOR. IT CAME AS A 'FREEBIE' FOR DOING A REFI BACK IN 2003!!!!!!!!!!!!!!!!!!!!!!
I was one of the 'smart' ones. I refied my house in 2003, two years after I originally purchased it in order to lower my interest rate 1.25%! I locked in a 5.25% 30-year fixed loan. I went to close on it and at closing, I got the 'gift' of a HELOC. I'd never heard of one. I didn't want one...and I didn't even know how one worked. They sent me out the door with a checkbook.
Do you have any idea how many people got the same treatment??!! ON TOP OF refinancing to take a MEW. MEW at closing, walk away with HELOC.