Henry
Orlando,#2Consumer Comment
Sat, November 11, 2006
I AGREE!!
Steve
Corona,#3Consumer Suggestion
Mon, July 24, 2006
Why is this a ripoff? I see several Countrywide HELOC docs each month (we originate them as brokers) and I would wager you that the early termination fee is listed in at least 4 places on the docs you signed when you closed the loan. There is even a separate rider that addresses this. If you never used the line of credit, then you COST Countrywide money just to carry you on the books, send you statements every month, and to carry reserves adequate to fund that amount in the event you wrote a check up to the line amount all in one shot. How much did Countrywide CHARGE you to create the line of credit? Typically, they open them for free. Just pay it and move on. Geez.