Bank of America Refinance Mortgage Rates – Plan to Help Unemployed and Underwater Mortgages
Posted on | March 29, 2010 | No Comments
Bank of America refinance mortgage rates have been extremely low for over 17 months but unfortunately not everyone has the opportunity to lock in to these low rates. Those who are unemployed or are underwater in their mortgage are highly unlikely to be able to access low mortgage interest rates.
Bank of America has recently created a plan to help these individuals. If you are currently paying on a Bank of America or Countrywide mortgage then it might be a wise decision to contact your lender and see if you qualify for this program. You might be surprised to find that you can get mortgage assistance.
If you have had great trouble making your mortgage payment over the last several months then it might be wise to seek help before it becomes a real issue. Once you are late on your mortgage payments you are going to find it very difficult to get caught up in the current economic environment.
We recently learned that the Federal Government is also created a plan to help homeowners. By accessing the Making Home Affordable website you could find some very valuable information that could help you to avoid foreclosure and save your home even if you are unemployed.
Author: Alan Lake
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