He was reminiscing about Countrywide’s “Fast and Easy” loan (aka “liar loans”), which allowed homebuyers to get a mortgage without any supporting documentation of their incomes. But before too long, lendeCountrywide 0 “In the good old days, that was the best loan we had at Countrywide…” John Sipes told the Wall Street Journal. Originally, lenders made these loans only to folks who could provide a 10% down payment and based them only on fixed interest rates. Big picture of growing mortgage. Low mortgage rates in turn lead to bigger savings from your monthly payments. And with a refinance mortgage loan, you can take advantage of this basic financing concept and reduce your monthly repayments while at the same time, increase your monthly savings.
