Here’s where you’ll find information that will help you make the right decisions about getting a new home loan. Bank of America is committed to making the process clearer and more straightforward every step of the way. You’ll have access to:

Online tools and resources that help clarify the home buying process for you from beginning to end.

Low, competitive rates

A dedicated mortgage specialist to help you every step of the way, from application to closing

Take the right steps toward homeownership

Here’s where you’ll find information that will help you make the right decisions about getting a new home loan. Bank of America is committed to making the process clearer and more straightforward every step of the way. You’ll have access to:

Online tools and resources that help clarify the home buying process for you from beginning to end.

Low, competitive rates

A dedicated mortgage specialist to help you every step of the way, from application to closing

The annual cost of a loan to a borrower. Like an interest rate, the APR is expressed as a percentage of the loan amount. Unlike an interest rate, however, it includes other charges or fees to reflect the total cost of the loan. The Federal Truth in Lending Act requires that every consumer loan agreement disclose the APR. Since all lenders must follow the same rules to ensure the accuracy of the APR, borrowers can use the APR as a good basis for comparing certain costs of loans.

Typically, it's an amount usually paid at closing to the lender in conjunction with a mortgage loan in order to lower or "buy down" the interest rate. One discount point equals one percentage point of the loan amount. For example, two points on a $100,000 mortgage would cost $2,000. Negative points reflect the amount that will be credited to you and reduce the amount of closing costs you will pay. Also called mortgage points or points.

A mortgage or home equity loan in which your interest rate and monthly payments may change periodically during the life of the loan, based on the fluctuation of an index. Lenders may charge a lower interest rate for the initial period of the loan. Most ARMs have a rate cap that limits the amount the interest rate can change, both in an adjustment period, and over the life of the loan. Also called a variable-rate mortgage.

A mortgage or home equity loan in which your interest rate and monthly payments may change periodically during the life of the loan, based on the fluctuation of an index. Lenders may charge a lower interest rate for the initial period of the loan. Most ARMs have a rate cap that limits the amount the interest rate can change, both in an adjustment period, and over the life of the loan. Also called a variable-rate mortgage.

The annual cost of a loan to a borrower. Like an interest rate, the APR is expressed as a percentage of the loan amount. Unlike an interest rate, however, it includes other charges or fees to reflect the total cost of the loan. The Federal Truth in Lending Act requires that every consumer loan agreement disclose the APR. Since all lenders must follow the same rules to ensure the accuracy of the APR, borrowers can use the APR as a good basis for comparing certain costs of loans.

Typically, it's an amount usually paid at closing to the lender in conjunction with a mortgage loan in order to lower or "buy down" the interest rate. One discount point equals one percentage point of the loan amount. For example, two points on a $100,000 mortgage would cost $2,000. Negative points reflect the amount that will be credited to you and reduce the amount of closing costs you will pay. Also called mortgage points or points.

A home loan with a predetermined fixed interest rate for the entire term of the loan.

End of layer.

X.XXX%

X.XXX%

X.XXX

$X.XXX

All products, rates, APRs, and credit assumptions valid on XX/XX/XXXX and are subject to change without notice. Chart data is for illustrative purposes only. Conforming and Jumbo data assumes a borrower with excellent credit. Accuracy is not guaranteed and products may not be available for your situation. Loan assumptions and disclosures.

* Conforming and Jumbo monthly payment includes principal and interest only. Any other fees such as tax and insurance are not included and will result in a higher actual monthly payment.

^{†} 5/1 Adjustable Rate Mortgage (ARM) interest rate and payment subject to increase after 5 years. 7/1 Adjustable Rate Mortgage (ARM) interest rate and payment subject to increase after 7 years. Select the Adjustable Rate Mortgage (ARM) monthly payment for important information, including estimated payments and rate adjustments.

This table correlates Conforming refinance products to rate, point, and APR% information.

The annual cost of a loan to a borrower. Like an interest rate, the APR is expressed as a percentage of the loan amount. Unlike an interest rate, however, it includes other charges or fees to reflect the total cost of the loan. The Federal Truth in Lending Act requires that every consumer loan agreement disclose the APR. Since all lenders must follow the same rules to ensure the accuracy of the APR, borrowers can use the APR as a good basis for comparing certain costs of loans.

Typically, it's an amount usually paid at closing to the lender in conjunction with a mortgage loan in order to lower or "buy down" the interest rate. One discount point equals one percentage point of the loan amount. For example, two points on a $100,000 mortgage would cost $2,000. Negative points reflect the amount that will be credited to you and reduce the amount of closing costs you will pay. Also called mortgage points or points.

A mortgage or home equity loan in which your interest rate and monthly payments may change periodically during the life of the loan, based on the fluctuation of an index. Lenders may charge a lower interest rate for the initial period of the loan. Most ARMs have a rate cap that limits the amount the interest rate can change, both in an adjustment period, and over the life of the loan. Also called a variable-rate mortgage.

A mortgage or home equity loan in which your interest rate and monthly payments may change periodically during the life of the loan, based on the fluctuation of an index. Lenders may charge a lower interest rate for the initial period of the loan. Most ARMs have a rate cap that limits the amount the interest rate can change, both in an adjustment period, and over the life of the loan. Also called a variable-rate mortgage.

The annual cost of a loan to a borrower. Like an interest rate, the APR is expressed as a percentage of the loan amount. Unlike an interest rate, however, it includes other charges or fees to reflect the total cost of the loan. The Federal Truth in Lending Act requires that every consumer loan agreement disclose the APR. Since all lenders must follow the same rules to ensure the accuracy of the APR, borrowers can use the APR as a good basis for comparing certain costs of loans.

Typically, it's an amount usually paid at closing to the lender in conjunction with a mortgage loan in order to lower or "buy down" the interest rate. One discount point equals one percentage point of the loan amount. For example, two points on a $100,000 mortgage would cost $2,000. Negative points reflect the amount that will be credited to you and reduce the amount of closing costs you will pay. Also called mortgage points or points.

A home loan with a predetermined fixed interest rate for the entire term of the loan.

End of layer.

X.XXX%

X.XXX%

X.XXX

$X.XXX

All products, rates, APRs, and credit assumptions valid on XX/XX/XXXX and are subject to change without notice. Chart data is for illustrative purposes only. Conforming and Jumbo data assumes a borrower with excellent credit. Accuracy is not guaranteed and products may not be available for your situation. Loan assumptions and disclosures.

* Conforming and Jumbo monthly payment includes principal and interest only. Any other fees such as tax and insurance are not included and will result in a higher actual monthly payment.

^{†} 5/1 Adjustable Rate Mortgage (ARM) interest rate and payment subject to increase after 5 years. 7/1 Adjustable Rate Mortgage (ARM) interest rate and payment subject to increase after 7 years. Select the Adjustable Rate Mortgage (ARM) monthly payment for important information, including estimated payments and rate adjustments.

See if you can lower your monthly payments by refinancing.

Online tools and resources

Our online tools and resources help clarify the home buying process from beginning to end. Here’s where you’ll get access to simple, self-paced learning that’s fact-based, conversational and can help you make more informed financial decisions.

Record your progress, from application to closing. We're here to help every step of the way, so if you have any questions about your application, contact your Mortgage Specialist.