Bank of America Refinance Mortgage Rates – April 25 Home Loans Remain Under 5% for Well Qualified Borrowers
Posted on | April 25, 2011 | Comments Off
Bank of America refinance mortgage rates have been near historic lows for well over three years and many Americans continue to take advantage by locking in to low home loan payments. On April 25, 2011 we are seeing 30 year conventional rates at 4.6% for borrowers with a very impressive credit history.
Unfortunately, many Americans have made bad financial decisions in the last several months and years which makes it very hard to lock in to low rates. With a credit score under 700 and a debt to income that is well above 40% it is quite difficult to receive low interest rate quotes from lenders throughout the country.
With this in mind it is always smart to make smart financial decisions each and every day. When bills come in the mail it is always smart to pay them as soon as possible rather than waiting until the last minute and possibly having to pay late fees. This is something that is all too common in the United States today.
With over 7000 FDIC insured banks throughout the country it should not be overly difficult to find a lender that is in a local area. Many of these local and regional lenders will offer amazing customer assistance as they are trying to add new customers each and every day. It is always advisable to check the competition as customers may be able to reduce interest rates as well as costs and fees.
By making strong financial decisions and working to pay down high interest rate debts many American households can end up saving hundreds and possible even thousands each year. With this being the case it might be a wise choice to at least start research on the refinance process in April or May of 2011.
Author: Jeremy North
Tags: april bank of america loans > april home loan interest rates > bank of america home loans > bank of america loans > bank of america refinance > home loan interest rates