People who have it home computer with a modem and need mortgage money can begin the process of applying for a home loan over Prodigy. a national on-line information service.
Countrywide Funding Corp. said potential borrowers can complete a preliminary application on-line.
A Countrywide representative will then get in touch with the customer by phone to to arrange for completion of a full application. The company will prequalify the customer and guarantee a rate, giving the customer time to shop.
Also available from Countrywide via Prodigy are three onscreen calculators. One computes the home price the customer can afford, based on income, a second that determines monthly payments on the new mortgage, and a third that figures the benefits of refinancing.
