Mortgage Financing Tools
Bank of America Home Loans offers qualified borrowers a variety of mortgage financing
options
2, including fixed and adjustable-rate
programs to suit your personal needs. The easy-to-use home finance calculators below
can demonstrate example monthly payments and help you estimate how much home you
can afford:
By using these mortgage financing tools before you shop for a home, you'll have
a better idea which home style and price range you can afford. Target your home
search to those homes in order to find your dream home faster.
Most homebuyers choose to start by requesting a mortgage pre-qualification from
a lender. The lender will review basic credit and income information to give you
an estimate of the loan amount you will qualify for. Once you choose a home and
enter into a purchase contract, you begin the next stage of financing. The mortgage
process begins with a full loan application and more detailed credit history. Your
lender will advise you of the specific mortgage options available to you so you
can decide on the best loan for you.
