If you are a homeowner and your mortgage is held by Countrywide you will want to read about their recent effort to help homeowners refinance their subprime loans into a prime (lower interest rate) loan.

Countrywide is offering three programs to assist homeowners:

1.  Refinance program for homeowners who have a strong payment history.
2.  Loan modification program for homeowners who have not been able to refinance and whose mortgage interest rate is going to reset soon.
3.  Simplified Loan Modification program for buyers whose interest rates have already reset and who are already delinquent on their mortgage.

I have contacted Countrywide Mortgage to get more information about their new loan initiatives to help homeowenrs.  Stay Tuned....I will share this information as soon as I get it.

Posted by Rebecca D. Levinson

Read more ... http://feeds.feedburner.com/~r/Connect2agent-HomeBuyersAndSellers/~3/174519525/countrywide-lau.html.