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Bank of America Refinance Rates |
Bank of America Refinance Rates is very competitive and a large number of homeowners have benefited by refinancing their existing mortgage loans. Bofa refinancing options are available with all the standard mortgage programs offered by the bank. The bank offers refinancing options to a number of mortgages including fixed, adjustable mortgage, jumbo loans, FHA and VA mortgages. Homeowners should understand that Bofa refinance rates will be determined according to the equity value in their home, their mortgage payment history, credit record, income condition and the type of loan. Eligible homeowners may also qualify for cash-out refinancing and debt consolidation options provided by the bank.
Bank of America Refinance Mortgage Rates
Today, Bank of America mortgage refinance rates are very low and you can get many benefits by refinancing your existing mortgage. The bank allows you to refinance your home loan for more cash than the amount that you owe currently. You can use the extra cash for renovation and home improvement projects. Moreover, you can pay pending bills or make emergency expenses by going for a cash-out refinancing. The chart below shows the current Bank of America refinance rates on mortgages of $25,000 in Los Angeles, California.
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| Loan Term | Rate % | Points % | APR % |
| 30-Year Fixed Rate | 5.500 | 1.000 | 6.326 |
| 5-Year ARM | 3.250 | 0.625 | 3.786 (Variable) |
| 30-Year Fixed Rate, interest only | 6.500 | 0.625 | 7.251 |
| 5-Year ARM, interest only | 3.375 | 0.875 | 3.719 (Variable) |
Bank of America Refinance Calculator
Before refinancing your current mortgage you should have some idea about the benefits that you may get by getting a low rate refinance program. With the help of the refinance calculator offered by Bank of America, you will be able to find out details of the amount that you can save by refinancing your existing mortgage. This online tool will require you to provide various information such as your present mortgage rate, loan amount, loan term, and the new interest rate, loan term, and loan amount of the refinance program. A refinance program will allow you to get a more affordable repayment term and a reduced interest rate.
Bank of America Auto Refinance Rates
On the other hand, Bank of America also offer competitive auto loan refinance rates to those car owners who are looking to reduce their monthly payment on their auto loans. Bank of America offers easy and secure way of making application and the loan approvals are done in less time period. Once approved, the bank offers fast access to funds within 24 hours. To find out the current refinance mortgage and auto loan rates, one can contact the bank representatives by calling at 1.800.586.9852. Also call 1.800.586.9852 to get tailored quotes and to get details on refinance fees of the bank.
Website: https://www8.bankofamerica.com/home-loans/refinance/rates.go
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