Ameriquest Mortgage - CountryWide Home Loans

Mortgage Refinancing With Ameriquest vs Countrywide

Ameriquest Mortgage Refinancing vs. CountryWide Home Loans

Ameriquest Mortgage and Countrywide Home Loans  are two of the largest online online companies offering mortgage refinancing and mortgages to those wishing to refinance, cash out, consolidate debt or purchase a new home.  Both companies have simple online applications that take only seconds to complete. Below you will find specific information related to the online application process of both Ameriquest and CountryWide for mortgages and refinancing.

Products Offered:

Ameriquest Mortgages - New Purchase Mortgages, Standard Mortgage Refinancing, Cash Out Refinancing, Second Mortgages for Debt Consolidation.  Many specific products are offered for those who are self employed, have high debt to income ratios, high loan to value ratios, and Mortgages with no down payments or low closing costs.

Countrywide Home Loans -  New Purchase Mortgages, Standard Refinancing, Cash Out Refinancing, Second Mortgages for Debt Consolidation.  Products tailored to those with bad credit... or "less than perfect credit" as they prefer to call it.

Bad Credit Accepted?

Ameriquest Mortgage - Ameriquest appears to have slightly more stringent credit requirements for Mortgages than Countrywide.

Countrywide Home Loans - Countrywide, through its Full Spectrum Lending division specializes in bad credit mortgages, claiming an approval rate of 80% for those with less than perfect credit.

Online Application Process:

Ameriquest Mortgage - Single page initial Mortgage application form online to be followed by contact from your local Ameriquest loan office.  No detailed questions. You provide basic contact information a general classification of your credit, estimated income and the desired amount of the loan.  You can suggest the most convenient time to be contacted.

Countrywide Home Loans - Online process mainly pertains to refinancing an existing loan or borrowing extra money on your home equity.  Quick and simple application process.  You provide basic contact information, information about the mortgage desired, and how much cash out you want.  You can suggest the most convenient time to be contacted.

Local Offices:

Ameriquest Mortgage - Ameriquest has over 250 local branches across the U.S. offering local consultation and closing services on Mortgages and other products offered.

Countrywide Home Loans - Countrywide has numerous branches throughout the U.S. and in addition to providing refinancing and other mortgage products, offers a greater diversity of banking services.

Summary:

If you are looking for online mortgages, both Ameriquest and Countrywide can offer a broad selection of products for people of all incomes and credit ratings. Countrywide, through its Full Spectrum Lending division appears to be more focused on those with poor credit.  Both are large companies with a strong online presence.   Mortgages with either company are supported through local branch offices.  Online applications do not require detailed personal information and are followed with a personal call from a company representative.

Spotlight On Mortgages
Ameriquest vs. Countrywide