Full Spectrum Lending
Among sub-prime mortgage providers, Full Spectrum, a subsidiary
of the Countrywide Financial Corporation, is recognized
as a leader in the mortgage industry. Since 1969, Countrywide
Financial Corporation, the sub-prime lender’s parent
company, has been approving and processing mortgages. And
just like its parental unit, Full Spectrum is an Equal Housing
As a premier mortgage provider, Full Spectrum Lending is
geared toward the mortgage consumer who possesses tarnished
or impaired credit ratings.
For the person who has been turned away or denied credit,
the lending agency streamlines the lending process. Full
Spectrum’s consumer-driven process operates in the
following manner; they extend an incentive offer which entails
discounts once the borrower has completed a series of online
mortgage applications. Note: The special price is automatically
applied as a credit to the closing costs.
The underlying value of Full Spectrum Lending’s is
that there is no associated application fee for completing
a mortgage request form. Moreover, as, for the most part,
Full Spectrum specializes in providing loans to those persons
whom are viewed as being credit-challenged, the company
has completely eliminated out-of- pocket expenses.
A second redeeming quality about the company is that the
loan process transpires in an extremely straightforward
manner. Simply put, the pared down steps involve a loan
counselor who meets with the potential borrower to a) determine
and b) calculate his | her borrowing power. Next, the loan
counselor customizes a lending plan which matches the borrower’s
life plans and financial circumstances. After the loan is
approved, all that is then required is that the home loan
be underwritten by Full Spectrum and then traverse through
the official closing phase.
True to its name, Full Spectrum Lending, a full-service
shop, offers such lending products as second mortgages,
cash-out refinancing, home equity, as well as, additional
creative financing tools.