Bank of America Home Loans Rates

Though the Home Loans Rates offered by Bank of America depend mostly on the kind of mortgage you have chosen from the bank, you have flexibility in customizing the rate according to your convenience. The interest rates change everyday and the bank allows you to lock a rate that you are comfortable with. All you have to do is to keep a vigil on the changing home loans rates of the bank and the moment you find the one that suits your interest call at the number provided here to talk to the bank's loan officer. To get updated information on the current home loans rates offered by Bank of America, visit its official website. Once you get the rate you are looking for use the home loan calculator available at the site to figure out your monthly payment.

Home Loan Modification Program

Home Affordable Modification Program has been designed for those home loan borrowers who are struggling with their mortgage payments. If you are a troubled borrower and have already missed a payment or are finding it difficult to fulfill your home loan obligation with the bank, this program is just for you. The best thing is that you need not pay any fees or require no minimum credit score to avail this opportunity. If you owe an amount less than $729,750 and your first mortgage payment is more than 31 percent of your current gross income then you are eligible for Bank of America home loan modification program provided that you use your home at the primary residence. Call at 1.800.846.2222 to talk to a home retention specialist and get the benefit of the program.

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