Bank of America introduces no-fee mortgage in Washington

Shared by Helping_user on Fri Jan 05, 2007 4:48 am
Bank of America has come up with a no-fee mortgage loan with the purpose of attracting more customers. Source: http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2007/01/01/daily19.html?jst=b_ln_hl

Community Members Opinion

jameshogg

Joined: 20 Dec 2005

Posts: 1004
Location: nevada

125.78 Dollars($)

Posted: Fri Jan 12, 2007 3:05 am Post subject:

Yes, I heard that it's not like the usual no-fee mortgages that are offered by lenders. Such loans usually make borrowers pay high rates of interest in return of higher fees. But the no-fee loan introduced by the Bank of America will give borrowers the chance to switch over to a low rate of interest once a year and that too without any fee. Certainly need to know more about it!


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