Bank of America Refinance Mortgage Rates – 4.75% Home Loans for Borrowers With a Credit Score Over 740 Today
Posted on | April 14, 2011 | Comments Off
Bank of America refinance mortgage rates remain a very attractive levels as homeowners who have an impressive credit score are finding that they can qualify for home loan interest rates at 4.75%. It is important to remember that a credit score above 740 is almost mandatory when it comes to receiving the lowest interest rates in April of 2011.
As we get closer to the summer there is a very good chance that we could see mortgage interest rates start to rise due to an improved economy. Unfortunately, as the economy improves and the unemployment rate drops it will likely be the case that borrowers of money will no longer have the opportunity to receive low interest rates. With this in mind it may be advisable to do research on low interest rates at the present time.
While Bank of America’s currently one of the largest financial institutions in the country it is very important to recognize that they are not the only option. Other large banks include J.P. Morgan Chase, Citigroup and Wells Fargo but there are also regional and local lenders that can help homeowners.
By accessing the HUD website homeowners will get a better understanding of each and every step of the refinance process. With many negotiating steps available there are opportunities to save a significant amount of money by simply using negotiating skills. Unfortunately, many Americans do not realize this and they miss out on these opportunities.
With refinance mortgage rates below 5% there many opportunities to save a significant amount of money. Remember that the general rule of thumb is that homeowners should desire to save at least one full percentage point if they hope to benefit by going to the refinance process in April of 2011.
Author: Alan Lake
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