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There is no true answer to your question in all reality. The media plays off of the housing crisis and B of A is a massive lender/player in the mortgage industry. Of course people losing their homes to oversights and poor lending practices also involve B of A. To say they are truly a "good" or "bad" lender is hard to say.
On the flip side if it wasn't for B of A some folks would have never gotten a mortgage to begin with (whether they maintained it or lost it is a different story).
Ask around to friends and family, most people rarely ever interact with their mortgage company in most cases. So things to ask is how easy was the home financing process that they had to go through.
What else can I help you with?
How does refinancing primary mortgage affect a home equity line of credit?
The lender for the refinance will require the home equity lender execute a subordination to the new mortgage. Also, the balance due on the home equity mortgage will factor into whether the new lender rates you as a good risk for loaning more money.The lender for the refinance will require the home equity lender execute a subordination to the new mortgage. Also, the balance due on the home equity mortgage will factor into whether the new lender rates you as a good risk for loaning more money.The lender for the refinance will require the home equity lender execute a subordination to the new mortgage. Also, the balance due on the home equity mortgage will factor into whether the new lender rates you as a good risk for loaning more money.The lender for the refinance will require the home equity lender execute a subordination to the new mortgage. Also, the balance due on the home equity mortgage will factor into whether the new lender rates you as a good risk for loaning more money.
Where can one find a mortgage lender?
The best place to look for a mortgage lender is through your personal real estate agent as they will always have a good recommendation for a lender. You can also locate one online using websites such as Realtor to find one with good personal reviews.
What is a good place to look for an Adverse credit mortgage lender?
There are a number of places one can look for an adverse credit mortgage (also known as a bad credit mortgage) lender. Some potential sites include uSwitch, Council of Mortgage Lenders and Realtor.
What are some good rated FHA mortgage lenders?
Mortgage lenders that operate through the Federal Housing Administration (FHA) can vary in quality and effectiveness. Among the best of these include Chase Mortgage, Bank of America, and Wells Fargo.
How can I request the removal of private mortgage insurance (PMI) from my US Bank mortgage?
To request the removal of private mortgage insurance (PMI) from your US Bank mortgage, you typically need to reach out to your lender and meet certain criteria. This may include having a good payment history, reaching a certain loan-to-value ratio, and submitting a formal request for PMI removal. It's important to review your specific loan terms and contact US Bank for guidance on the process.
How do I find the best mortgage lender?
A good place to start is at your bank. They know you and your financial situation and can provide you with a fair, regulated mortgage rate. Your bank can also give you information on where to go if you qualify for special mortgage financing if you are a veteran or have special needs.
How does refinancing primary mortgage affect a home equity line of credit?
The lender for the refinance will require the home equity lender execute a subordination to the new mortgage. Also, the balance due on the home equity mortgage will factor into whether the new lender rates you as a good risk for loaning more money.The lender for the refinance will require the home equity lender execute a subordination to the new mortgage. Also, the balance due on the home equity mortgage will factor into whether the new lender rates you as a good risk for loaning more money.The lender for the refinance will require the home equity lender execute a subordination to the new mortgage. Also, the balance due on the home equity mortgage will factor into whether the new lender rates you as a good risk for loaning more money.The lender for the refinance will require the home equity lender execute a subordination to the new mortgage. Also, the balance due on the home equity mortgage will factor into whether the new lender rates you as a good risk for loaning more money.
Can you receive a mortgage quote?
The mortgage quote is good for how long the lender says it is good for. Each lender can set its own standards, but generally, you will find that a rate quote is good for 30 days. This of course is not carved in stone and can vary. The lender will make it clear how long the offer is valid.
What is the good interest rate on an mortgage loan is what percent?
The answer depends on whether you are the lender or the borrower and also in the country that you get the mortgage in.
Where can one find a mortgage lender?
The best place to look for a mortgage lender is through your personal real estate agent as they will always have a good recommendation for a lender. You can also locate one online using websites such as Realtor to find one with good personal reviews.
What is a good place to look for an Adverse credit mortgage lender?
There are a number of places one can look for an adverse credit mortgage (also known as a bad credit mortgage) lender. Some potential sites include uSwitch, Council of Mortgage Lenders and Realtor.
Can your spouse assume your deceased parent's mortgage?
If your spouse has a good credit record that lender should approve. However, you will need to discuss it with the lender.
What are some good rated FHA mortgage lenders?
Mortgage lenders that operate through the Federal Housing Administration (FHA) can vary in quality and effectiveness. Among the best of these include Chase Mortgage, Bank of America, and Wells Fargo.
How can I request the removal of private mortgage insurance (PMI) from my US Bank mortgage?
To request the removal of private mortgage insurance (PMI) from your US Bank mortgage, you typically need to reach out to your lender and meet certain criteria. This may include having a good payment history, reaching a certain loan-to-value ratio, and submitting a formal request for PMI removal. It's important to review your specific loan terms and contact US Bank for guidance on the process.
What are the best bank mortgage lenders to consider when looking for a home loan?
When looking for a home loan, consider banks like Wells Fargo, Chase, and Bank of America, as they are among the best mortgage lenders with competitive rates and good customer service.
Can an illegal immigrant obtain a reverse mortgage?
i am a mortgage broker, i do not believe an illegal alien can obtain a mortgage at all. That is one of the questions on the "respa" documents in all mortgage applications. You are not a good risk for a bank; at any time you can be deported. * For the person to obtain a reverse mortage they would need to be a homeowner with equity. Therefore, it would seem logical that they should speak with their current mortgage lender.
How can one get a mortgage with bad credit history?
Although having a good credit history is better when applying for a mortgage it is possible to still get a mortgage with a bad credit history. When getting a mortgage with a bad credit history, one will have to pay a higher interest rate. Show the mortgage lender that you have a good job that will cover your mortgage. If you eliminate all other debt it looks better to the lender and gives one a better chance at getting approved.
