Bank of America Home Loans

Bank of America Home Loans is available in a range of options designed specifically to suit varying needs of a home buyer. The basic categories can be either a fixed-rate home loan that has a fixed rate of interest throughout the loan term or an adjustable-rate home loan (ARM), the rate of which depends on the prevailing market trends. If you have a consistent source of income with no fear of reduction in the amount of money you earn each month, a fixed-rate loan with a repayment period of either 15 or 30 years is the most suitable option. The monthly payment, though higher than the other kind of home loan, will remain the same for the entire term of your loan. An adjustable-rate mortgage, on the other hand, is a good option for those who cannot afford to pay high interest rates in the first few years of mortgage. They can choose between 5/1 ARM and 3/1 ARM, each with a low monthly payment facility for the first five years and three years respectively.


Bank of America Login

Use the online ID supplied by the bank to login your mortgage account and do a lot of things conveniently an instantly. You can explore home loan options, prequalify for a loan product, sign in to check you mortgage application status or customize your home loan rate all with a few clicks of your mouse. You can even make your monthly payments online by creating an account with the bank.

To get more info, visit the website mentioned here: https://www8.bankofamerica.com/home-loans/overview.go