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Bank of America is one of the largest banks in the United States. The benefits of a Bank of America mortgage loan are competitive interest rates, mortgage planning tools, and a variety of loan options.

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12y ago

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Does Bank of America offer home mortgage loans?

"Yes, Bank of America does offer home mortgage loans and you can easily get one. They are one of the top rated home mortgage loans experts and are very well-known."


Where can someone find information about a Bank of America Mortgage loan?

One can find information about Bank of America mortgage loans by contacting the Bank of America. One can also visit their website for more information.


What the national mortgage lenders offer the best interest rates?

Among the top national mortgage lenders are Quicken Loans, Bank of America Home Loans, Discover Home Loans, Capital One Home Loans, HSBC Mortgages, and U.S. Bank Home Mortgage.


What type of mortgage loans does Countrywide Home Loans offer?

Countrywide Home Loans was bought by the Bank of America in 2008. The company offered a range of mortgage loans including Pay Option and sub-prime mortgages, which now qualify for some loan forgiveness from Bank of America.


Where can one borrow loans for a mortgage?

There are many businesses and banks that will provide loans for a mortgage. Among the options are NationWide, PNC Mortgage, Bank of America, Hunington, and State Farm.


Where could one secure a mortgage loan?

One can secure a mortgage loan at various companies, banks, or lenders that offer mortgage loans. Some institutions that offer mortgage loans are Bank of America, Quicken Loans, and Wells Fargo.


What banks offer Jumbo Mortgage Loans?

Some banks that offer jumbo mortgage loans include Citizens Bank, Union Bank, and Bank of America. You can also visit the website Bankrate to locate a mortgage rate calculator to learn how much you can afford in your loan.


What types of loans does Commercial Mortgage Bank offer?

Commercial Mortgage bank offers a variety of loans through their bank that includes home loans, student loans as well as business loans to their customers.


What companies offer second mortgage refinance loans?

There are many companies that offer 2nd mortgage refinance loans. These include Bank of America, Chase, Wells Fargo, as well as independent mortgage brokers.


Mortgages From Bank of America ?

Bank of America is one of the largest banks in the world and is the largest bank in the United States. Bank of America operations span the full gamut of financial services, from personal and business banking, to consumer lending and small business lending. Bank of America is also a powerhouse in corporate lending, lending to many large corporations in the United States and throughout the entire world. Bank of America is also a mortgage lender, offering a variety of fixed rate and adjustable rate mortgages, along with Jumbo loans, government loans, and specialty loans. First mortgages are offered for new buyers and buyers of new homes, along with second mortgages and various equity loans. Bank of America Home Loans is the residential mortgage lending arm of the Bank of America corporation. In 2008, Bank of America bought former mortgage lending heavyweight Countrywide Financial for more than four billion dollars. At that time, Countrywide was financing more than 20% of all home loans in the United States. Countrywide was failing at the time of the purchase, and has subsequently paid $108 million in settlement of federal charges that Countrywide had overcharged borrowers, who were left struggling to meet mortgage payments. Countrywide's founder was also charged with civil fraud by the Securities and Exchange Commission, and agreed to pay over $40 million in restitution. Countrywide no longer does business under its own name, and all Countrywide websites point to the Bank of America website. Bank of America services Countrywide loans under the Bank of America name. Bank of America has had no success with the Countrywide merger, and continues to sustain losses as a result of it. However, the Bank of America mortgage business is very strong. After consolidation of its mortgage portfolio with the Countrywide portfolio, Bank of America Home Loans has become a leader in mortgage financing in the United States. 45% of Bank of America mortgages are non-conforming loans, being too large to be sold to Fannie Mae. Instead, Bank of America services its own mortgage loans, collecting payments and managing escrow accounts and insurance coverage. Loan servicing is an independent segment of Bank of America Home Loans, earning fees from its servicing activities. A second component of Bank of America mortgage lending is loan production. One might call this the sales arm of the mortgage business, involving origination and funding of loans. Additionally, Bank of America acquires active loans that have already been funded from other lenders. Countrywide continues to play a role in bank of America mortgage production. A third component in Bank of America mortgage lending, and the smallest of all three components, is mortgage closing. This is essentially a service business within Bank of America Home Loans, involving the completion and closing of pending mortgages. Also included in loan closing is real property appraisal, credit reporting, and title services. Mortgage lending produces a significant portion of Bank of America corporate earnings. Like the banking end of Bank of America, Bank of America Home Loans is one of the largest mortgage lenders in the United States. For 2009, Bank of America mortgage banking generated 59% of the Bank of America corporation's pre-tax earnings.


Which websites offer mortgage loans with reasonable interest?

Many bank websites offer mortgage loans with reasonable interest rates. Such banks include Bank of America, Wells Fargo, and CitiBank. Each bank features its own website, too.


Where is Countrywide Mortgage located?

Countrywide Mortgage was purchased by Bank of America and became Bank of America Home Loans in 2008. Countrywide while it existed as a separate company was located in Calabasas, California. As part of Bank of America it is headquartered in Charlotte, North Carolina.