Showing posts with label option arms. Show all posts
Showing posts with label option arms. Show all posts
Wednesday, March 12, 2008
Option Arms?
The option arms that are surviving the mortgage wars are actually pretty good. These are very distant cousins to the ones that everybody is in trouble with. The really good ones work like this: The minimum payment is from 3% to 4%, this keeps you from building up too much defered interest too fast. You can get a fixed rate around 8% or less, so you are not at the mercy of the market. They offer stated income options for situations that make sense. You can get these for investment, primary, and secondary residences. If you use them right, you can actually pay off your property sooner than with a regular mortgage.
Wednesday, March 5, 2008
Countrywide Junket Called Off
Sunday, March 2, 2008
From Our Friends at Countrywide
Thursday, 28 Feb 2008
Countrywide Chooses Sun Over Ski Trip!
OriginallyPosted By:Jane Wells Funny Business
I've been hearing from sources that Countrywide, despite cancelling an expensive ski junket to Colorado, is planning two even bigger events in Hollywood, Fla.
Now comes confirmation from a source at The Westin Diplomat Resort & Spa that Countrywide Financial has booked the location for two different events, one starting next Wednesday -- lasting a week -- the second, happening at the end of April.
Those familiar with the details say the first event is for 300 people, the second event will be much larger. Who's coming and why, I don't know. Is it for clients? Countrywide employees? People being foreclosed on? Florida has one of the highest foreclosure rates in the nation.
We have asked Countrywide for information -- and to confirm whether the trips are still on -- but haven't heard back yet.
The Westin Diplomat is described as a resort with "luxurious accommodations, magnificent views, and an experience sure to inspire renewal." Rooms start at $400 a night (yes, that's where they start), but can go up to $1,000 for a "Club Floor Suite."
One source tells me Countrywide spends "about $4,000 per guest and $5-6 million combined," and that the events include "parties/dinner every day, celebrity entertainment, activities, suite upgrades, private jet usage for execs, gifts, etc., etc."
I'll let you know what the company says, if anything. It has not responded to our questions recently.
Countrywide Chooses Sun Over Ski Trip!
OriginallyPosted By:Jane Wells Funny Business
I've been hearing from sources that Countrywide, despite cancelling an expensive ski junket to Colorado, is planning two even bigger events in Hollywood, Fla.
Now comes confirmation from a source at The Westin Diplomat Resort & Spa that Countrywide Financial has booked the location for two different events, one starting next Wednesday -- lasting a week -- the second, happening at the end of April.
Those familiar with the details say the first event is for 300 people, the second event will be much larger. Who's coming and why, I don't know. Is it for clients? Countrywide employees? People being foreclosed on? Florida has one of the highest foreclosure rates in the nation.
We have asked Countrywide for information -- and to confirm whether the trips are still on -- but haven't heard back yet.
The Westin Diplomat is described as a resort with "luxurious accommodations, magnificent views, and an experience sure to inspire renewal." Rooms start at $400 a night (yes, that's where they start), but can go up to $1,000 for a "Club Floor Suite."
One source tells me Countrywide spends "about $4,000 per guest and $5-6 million combined," and that the events include "parties/dinner every day, celebrity entertainment, activities, suite upgrades, private jet usage for execs, gifts, etc., etc."
I'll let you know what the company says, if anything. It has not responded to our questions recently.
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