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txtm · Joined: 20 Mar 2009 Posts: 1 1.40 Dollars($)

I talked to CountryWide for about an hour today asking for a home equity loan or cash out Refi. At 1st she offered me a great Cash out refi deal with a lower interest rate too, plus 27k cash..then said because of Texas law she cant do it afterall.
We have about 35-45k equity in our home and 20k in credit card bills we want badly to pay off. We owe 20 yrs on the home (75K) and have a FICO of 634.
From what I read I should be able to do this, is this really Texas law holding us back, Countrywide, or my credit score.
We have never been late on our house payment for a decade
with Countrywide.

gmakerley · Posted: Fri Mar 20, 2009 2:43 pm Post subject:

txtm...i would think it'd be a waste of email time to send one to him, but that's just my opinion based on his refusal to play the game by the rules.

Posted: Fri Mar 20, 2009 8:03 pm Post subject:

Did the bank give you any reason as to why they will be unable to give you a loan? I think you should speak to some other lenders and check out if they can help you.

Guest

Guessing you have a manufactured home. Banks in Texas won't touch them for refi....

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Cash out Refi, Countrywide said they cant do Texas?

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