Bank of America Refinance Mortgage Rates – Home Loans for June 21st 2010 Still Under 5% for Homeowners
Posted on | June 21, 2010 | Comments Off
Bank of America refinance mortgage rates have been at attractive levels for almost two years and little has changed in June of 2010. Bank of America and most mortgage lenders are reporting 30 year home loans under 5% on June 21st, 2010. It is very important to remember that there are many options available and Bank of America is not the only option.
After purchasing Countrywide Bank of America became the biggest mortgage lender in the country but that does not mean they are the only option. By researching the Internet and doing your homework you will likely find many mortgage lenders in your area that can offer very attractive interest rates with great customer service. Make sure to exhaust your resources before making any final decisions.
With mortgage interest rates below 5% many current homeowners could greatly benefit by refinancing today. It is important to remember that you will need a significant amount of home equity and a great credit score to have any opportunity to refinance to an interest rate below 5%. Make sure to obtain a credit score above 740 to have great interest rate opportunities.
If you do not have an amazing credit score you are going to find it nearly impossible to lock in to low rates. Even though this is the case it does not mean that you will not be able to save money by refinancing. There are many mortgage calculators available online to help you better understand just how much money you could save with a lower mortgage interest rate.
Author: Alan Lake
Tags: bank of america home loans > bank of america mortgage > bank of america rates > bank of america refinance > home loan rates > june 21 home loan rates > june 21 home loans > june 21 mortgage rates > refinance mortgage rates