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Full Spectrum Lending

Full Spectrum Lending is a subsidiary of Countrywide Financial Corporation, a diversified financial service holding company dealing primarily in residential mortgage banking and related businesses.  Countrywide Financial acquired Treasury Bank, N.A. (headquartered in Alexandria, Virginia) in May 2001. With the additional segment of banking now added, the company was able to capitalize on the diverse opportunities in the lending and banking sectors.

Full Spectrum Lending offers a wide variety of refinance options for homeowners looking to consolidate their high-interest credit cards and debt.  Features and benefits of these programs include:

Adjustable Rate Mortgage (ARM)
An Adjustable Rate Mortgage refinance is deal for those planning to stay in their home five years or less, since you will pay lower upfront fees with reduced payments.  Other benefits of refinancing your mortgage with an ARM include:

  • Capped interest rate, which limits how much your rate and payment will change each year and over the life of the loan;
  • Borrowing amounts up to $500,000;
  • Lower monthly payments than a fixed rate loan;
  • Interest may be tax deductible (consult your tax advisor);
  • Easier approval process—ARMs typically allow higher consumer debt.

Consolidate your debt and lower your monthly payments now >>

Combination Rate Mortgages
If you simply cannot decide between a fixed rate or adjustable rate refinance option, a combination rate mortgage may be your best bet.  Features and benefits include:

  • Choose between two or three years of fixed payments;
  • Interest may be tax deductible (consult your tax advisor);
  • After the fixed rate period, your interest rate will convert to an adjustable rate using the LIBOR index (for the remainder of the loan term);
  • Borrowing amounts up to $500,000;
  • Ideal for those staying in their home for a short time (five years or less);
  • Lower monthly payments, costs and fees than a traditional fixed rate mortgage.

Fixed Rate Mortgages
A fixed rate loan offers an interest rate and payment that remains the same, over the entire loan term.  Fixed rate mortgages allow you to know how much you will be paying, each month, over the life of your loan.

  • Ideal for those who plan to stay in their home for more than five years;
  • Interest may be tax deductible (consult your tax advisor);
  • Manage finances and budgeting easily, with predictable monthly payments;
  • Keep your low interest rate for the life of the loan—even when interest rates rise, yours will stay the same;
  • Borrowing limits up to $500,000.

Consolidate your debt and lower your monthly payments now >>

* Debt Basics is not a lender or broker. We provide information and research on debt help and debt consolidation. Product and service offerings differ by state.