Bank of America Refinance Mortgage Rates – Home Loans for 30 Year Fixed Under 4.25% in Late October 2010
Posted on | October 21, 2010 | No Comments
Bank of America refinance mortgage rates remain at very attractive levels for homeowners looking to save money with lower mortgage payments. Bank of America home loans for a 30 year fixed mortgage are currently below 4.25% for well qualified borrowers. It takes a very good credit score and a low debt to income ratio to gain access to these very low rates.
Taking advantage of the current low interest rate environment could help many save a great deal of money. Some homeowners are finding that they could save as much as hundreds of dollars a month on a mortgage payment. Remember that there are closing costs involved in the refinance process so make sure to add these into the calculations.
Bank of America and almost all mortgage lenders have many free resources available online that should help homeowners when it comes to refinancing. The general rule of thumb is that homeowners should save at least one full percentage point to benefit from the refinance process. This will cover closings costs and savings will be seen in the very near future in the form of a lower monthly mortgage payment.
Author: Alan Lake
Tags: bank of america home loan > bank of america mortgage rate > bank of america mortgage rates > bank of america refinance > bank of america refinance rates > home loan mortgage rates > home loan refinance rates > mortgage loan 30 year
Comments
Leave a Reply