The Bank of America® Agent Resource Center is your source for keeping up with industry trends and getting the latest information about Bank of America Home Loans products, processes and educational resources. In addition to this online center, you can always reach out to our local mortgage loan officers, who are dedicated to supporting and building relationships with real estate professionals.
Get statistics and data on the latest market and industry trends.
Read short articles about economic trends, products, services and more.
Learn about the new mortgage document changes coming August 1, 2015.
Bank of America will provide the new Closing Disclosure to buyers/borrowers.
Interest rates and APRs are based on current market rates, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables – call for details. This is not a credit decision or a commitment to lend. Depending on loan guidelines, mortgage insurance may be required. If mortgage insurance is required, the mortgage insurance premium could increase the APR and the monthly mortgage payment. Additional loan programs may be available.
APR (annual percentage rate) reflects the effective cost of your loan on a yearly basis, taking into account such items as interest, most closing costs, discount points (also referred to as “points”) and loan-origination fees. One point is 1% of the mortgage amount (e.g., $1,000 on a $100,000 loan). Your monthly payment is not based on APR, but instead on the interest rate on your Note.
Purchase=45 days. (Actual NY pricing based on different Rate Lock Period. Call for information and to obtain a rate quote and rate lock specific to your situation. This is not an offer of a rate lock.)