Bank of America Refinance

Bank of America Refinance loans have assisted a large number of homeowners and auto loan borrowers from facing home foreclosure and bankruptcy. Today, a large number of low and moderate income families apply for a variety of mortgage and auto loan programs to finance their home or purchase a car. Many of these families are also struggling to make the repayment of the loan amounts that they have borrowed due to several financial factors. To solve the problems of such borrowers, Bank of America has introduced a variety of low rate refinance loans.

Bank of America Mortgage Refinance

If you have borrowed a home loan from Bank of America and if you are finding it hard to make timely repayment then all you have to do is just apply for a Bofa mortgage refinance program from the bank. A refinance program from Bank of America will help you to replace your high interest monthly mortgage payment with a new loan term having lower interest rates and affordable repayment schedule. The following are some of the best reasons for going for a refinance mortgage loan:

* To lower your monthly mortgage payment amount
* Refinance in order to shift an adjustable-rate into a fixed-rate mortgage
* Going for a cash-out refinance will allow you to get some extra money that you can use to meet various other expenses
* Get a better loan structure with refinance loan

Bank of America Refinance Rates

Bofa refinance rates are quite competitive and they allow the borrowers to get a number of benefits. The refinance rates keep on changing with time and there are also certain factors that determine the rates of a particular borrower. For instance, the credit history of the borrower, the equity value in the home and the income status of the borrower plays important role in determining the refinance rates. Mortgage customers can also call at 1.800.763.1085 to get present mortgage rate conditions by talking to a representative of the bank. Bank of America also provides expert advice to assist you in finding the loan program that fits your needs. Borrowers can also call at 1.866.821.2504 to get details on fast and easy prequalification process.

Bank of America Auto Loan Refinance

On the other hand, to help borrowers who are unable to make timely repayment of their auto loans Bank of America offer refinance auto loan that will allow the borrowers to get their car refinanced with better and flexible auto loan term. Refinance auto loan can also be availed to get some extra cash that can be used to pay some bills or even make a small purchase. The bank also offers various other types of refinance programs with no closing cost.

Bank of America offers low rate refinance loans for home mortgage as well as auto loans. Find more info on Refinance loans of the bank from the official website of the bank.

Website: https://www.bankofamerica.com/index.jsp