Great Rate Refi Event offers reduced interest rate or discount opportunity for refinance customers looking for confidence in their lender
CHARLOTTE, N.C., Sept. 17 /PRNewswire/ -- Bank of America introduced special pricing today for borrowers seeking to refinance their home loans with conforming 30-year and 15-year fixed rate loans and non-conforming 30-year fixed rate loans. The limited time offer runs through Nov. 30.
"Millions of borrowers are feeling the pressure of resetting adjustable rate mortgages, and we now invite them to examine the security of a Bank of America fixed-rate mortgage at attractive pricing," said Floyd Robinson, president of Consumer Real Estate and Insurance Services Group. "Today's mortgage turmoil has caused consumers to re-examine the security and financial soundness of their mortgage provider. Our Great Rate Refi event will stimulate borrowers, especially those with ARMs about to reset, to consider Bank of America, a lender they can trust."
Fannie Mae estimates that roughly $1.1 trillion in single-family first-lien mortgages face a payment reset in 2007.
The Great Rate Refi Event is available in all of Bank of America's retail channels, including 5,700 banking centers, more than 2,000 mortgage loan officers, LoanLine (1-800-575-3135), Bank of America's telephone channel and http://www.bankofamerica.com/, the world's leading financial services website. Specific information on this offer is available at http://www.bankofamerica.com/greatrate .
Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 57 million consumer and small business relationships with more than 5,700 retail banking offices, more than 17,000 ATMs and award-winning online banking with more than 22 million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in 175 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 80 percent of the Fortune Global 500. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
CONTACT: Terry Francisco of Bank of America, office +1-980-386-4343,
mobile +1-704-516-0231, Terry.h.francisco@bankofamerica.com
Web site: http://www.bankofamerica.com/
Most Recent Press Release
Bank of America Unveils Special Mortgage Refinance Offer
Sep 17, 2007