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Interested in refinancing your mortgage? View today's mortgage refinance rates for fixed-rate and adjustable-rate mortgages to see if you could lower your monthly mortgage payment.
- Adjustable-rate Refinance
Refinance rates valid as of 25 Sep 2024 08:56 a.m. Central...
- Fixed-rate Refinance
An amount paid to the lender, typically at closing, in order...
- FHA & VA Refinance
First-time Homebuyer; Refinance Refinance. Refinance Loans;...
- Adjustable-rate Refinance
An amount paid to the lender, typically at closing, in order to lower the interest rate. Also known as mortgage points or discount points. One point equals one percent of the loan amount (for example, 2 points on a $100,000 mortgage would equal $2,000). The estimated monthly payment includes principal, interest and any required mortgage ...
If you have an adjustable-rate loan, your monthly payment may change once every six months (after the initial period) based on any increase or decrease in the Secured Overnight Financing Rate (SOFR) index, published daily by the New York Fed. Note: Bank of America is not affiliated with the New York Fed.
9 wrz 2024 · The lender offers purchase loans, rate-and-term refinance loans, cash-out refinancing and home equity lines of credit. With some loan types, you can choose an adjustable rate instead of...
Visit our home loans overview page to explore your mortgage options. Switching from an adjustable-rate mortgage (or ARM) to a fixed-rate mortgage is one of the most common reasons to refinance. Learn how refinancing may lower your monthly payment.
Curious about financing a home or leveraging the equity in your current home? Feel confident knowing your financing options. We can help guide you before you begin the journey of buying, refinancing or using your home’s equity.
Refinancing With Bank of America. If you currently have a mortgage, but the monthly payments or overall loan term are too much for your finances to bear, refinancing might be worth a look. Refinancing rates typically vary just as much as normal mortgage rates, and they include the same determining factors as well.
