Bank of America Refinance Mortgage Rates – Home Loans Settle at 4.25% to Start Week of September 27

Posted on | September 27, 2010 | No Comments

Bank of America refinance mortgage rates continue to remain it extremely attractive levels to those borrowers who qualify for the lowest possible home loan rates. At the present time we are seeing 30 year fixed home loans around 4.25% to start the week of September 27, 2010. It is important to realize that only the best borrowers will have any chance to qualify for these low home loan rates.


There’re many free resources online to help borrowers better understand if they meet the requirements defined the lowest possible Bank of America refinance mortgage rates. The general rule of thumb is that a credit score of 740 and a debt to income ratio is necessary. It is also very necessary to have equity in the home before going through the refinance process in September of 2010.

By having an underwater mortgage it will make it extremely difficult to refinance in the current economic environment. The only way to combat this problem is to seek a huge amount of equity into a home but unfortunately Americans do not have tens of thousands of dollars sitting around. With this being the case it may be wise to consider home loan modification or mortgage modification.

Author: Alan Lake

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