Does Bank of America offer reverse mortgages?

1 Answer

Answer :

Yes, you can get a reverse mortgage from Bank of America. In order to see if their rates are any better than Wells Fargo, you will have to call both banks and give them some information about you.

Related questions

Description : Where can i find a bank that does reverse mortgages for seniors ?

Last Answer : You can go to http://www.bestreversemortgage.com/ to find information on what banks do reverse mortgages for senions. This site also gives a lot of information regard reverse mortgages and the fraud that is being targeted towards seniors.

Description : What do you need to know about reverse mortgages for seniors?

Last Answer : You should find out the terms and costs for getting reverse mortgages for seniors

Description : What do you think about people who walk away from their mortgages/houses?

Last Answer : Obviously, these people are not fulfilling their obligation to make payments as promised. needless to say, they can forget attempting to buy anything on credit ever again in their lifetime. the ... out, just like getting a divorce after being married just six months, without seeking counsel.

Description : I want to shop for the best rate on mortgages, but I hear too many credit inquiries is bad. How many should I apply for?

Last Answer : Your credit needs to be pulled once, so pick your lender wisley. Do not let your credit get pulled more then once in the same month. Your broker should be able to give a ball park, then you'll need to ... will need the info so just get it out of the way it helps him/her give you a ball park.

Description : About home mortgages and bailouts?

Last Answer : Seems good to me.

Description : Why are mortgages like burglars? -Riddles

Last Answer : They secure (seek your) money.

Description : Do you have experience with any company?

Last Answer : You can't answer like this. It is not the cheapest and most expensive on the market. It depends on how the bank evaluates your creditworthiness. Each bank has slightly different conditions and requirements.

Description : APR Calculator for Adjustable Rate Mortgages?

Last Answer : APR Calculator for Adjustable Rate MortgagesUse this calculator to determine the Annual Percentage Rate(APR) of your Adjustable Rate Mortgage (ARM). Knowing your APR canhelp you compare different ARMs with different fees and terms.

Description : How to Understand Balloon Mortgages?

Last Answer : There are a large number of mortgage types. One of these types is a balloon mortgage. A balloon mortgage differs from a regular 30 year fixed. A balloon mortgage calculates the payments similarly, but ... mortgage is usually paid off in less than 15 years. This type of mortgage allows the homeowner

Description : GRANT FROM OBAMA FOR MORTGAGE'S UPSIDE DOWN AND HOMESTEAD SENIOR CITIZEN ?

Last Answer : GRANT FROM OBAMA FOR MORTGAGE UPSIDE DOWN AND HOMESTEADED SENIOR CITIZEN

Description : Which companies offers the best rates when it comes to refinancing mortgages at a great low fixed rate?

Last Answer : ING Direct Mortgages offers the best rates when it comes to refinancing mortagages at a great low fixed rate. You can find Great rate 3.875% Rate 3.580% APR with no points, no application fees at www.ingdirect.com

Description : What is the main benefit of fixed rate mortgages?

Last Answer : In a fixed rate mortgage, the interest rate remains the same for the entire term of the loan, which means that the payment remains the same throughout. The payment on an adjustable rate mortgage is ... mortgage brings with it no surprises. Have a look at this website: http://www.mortgage101.com/

Description : Mortgages with only 5% down payment?

Last Answer : a mortgage is a loan on what you have paid in on your house. it all depends how many payments you have made.

Description : Are fixed mortgages better than adjustable types now?

Last Answer : A big advantage of fixed rate mortgages is that the rate remains fixed. If interest rates were to rise in the future, your fixed rate mortgage would protect you from that rise. However, fixed rate mortgage rates are generally higher than adjustable rate mortgages.

Description : What are fixed mortgages and what do they do?

Last Answer : You can get a loan with a fixed interest rate or a variable interest rate. The interest rate is the extra amount of money you have to pay back for taking out the loan. A fixed rate doesn't ... loan. If the economy does poorly, you might save money in a fixed rate because variable rates will spike.

Description : Which of the following is/are functions of CERSAI? A. check frauds in lending against equitable mortgages B. maintains a central registry of equitable mortgages C. Provides loan D. Both (A) and (B) E. None of these

Last Answer : D. Both (A) and (B) Explanation: CERSAI was primarily created to check frauds in lending against equitable mortgages, in which people would take multiple loans on the same asset from different ... and hypothecation as well as to start registration of all other types of mortgages used in India.

Description : Does Bank of America offer any high yield interest accounts?

Last Answer : The best interest rates you'll get from Bank of America are in their CD's and their money market accounts. Money Market Accounts work like a checking account, but pay a higher interest rate.

Description : Does Bank of America offer loans to pay off lawsuit settlements?

Last Answer : Bank of America does not offer loans to pay off lawsuites. There are no bansk that offer this serivce. Bank Of Americea is like most banks these days and they are very conservative in lending money. It is unlikely they would lend money for this venture.

Description : Does Bank of America offer secured business credit cards?

Last Answer : Bank of America is a huge, well established corporation which offers multiple types or credit cards. You can apply for a secure business card by phone or online application.

Description : Does Bank of America offer 0% credit cards?

Last Answer : Bank of America will give you 0% but it is a teaser rate. It will only be for a limited time period and then the rate adjusts to 9.99%.

Description : Does Bank of America offer small business loans?

Last Answer : Yes Bank of America does provide secured business lines of credit. Additionally you may seek information from the Small Business Administration to determine your eligibility for their programs.

Description : Does WellsFargo offer training on how does a reverse mortgage work?

Last Answer : No, Wells Fargo doesn't offer training on reverse mortgages. They might be able to explain to you what they are but it's not a class per se. To learn about reverse mortgages visit http://www.aarp.org/money/credit-loans-debt/reverse_mortgages/.

Description : Once denied a reverse mortgage, can you apply again through another bank?

Last Answer : I don’t see why not. Each bank makes their own decision on weather to lend or not. That doen’t mean they’ll make a different decision though.

Description : Can I get a reverse mortgage through my bank?

Last Answer : Many lenders do not offer reverse mortgages and without knowing who your bank is, it is difficult to say if they are a good choice. You may want to start there and look for their recommendation if they do not offer them.

Description : Which of the following is governed by the provisions of Section 42 of the Reserve Bank of India Act, 1934? A. Bank rate B. Reverse Repo Rate C. SLR D. CRR E. None of the Above

Last Answer : D. CRR Explanation: CRR is governed by the provisions of Section 42 of the Reserve Bank of India Act, 1934. There is no minimum & maximum level of CRR. We could go upto zero CRR (negative values are of course absurd).

Description : I posted a sale on craigslist for a dining table. I just received an offer. The Buyer will pay using a certified check drawn from a US bank. Should I go through with the Sale? Is this a Scam? What are the precautions I should take?

Last Answer : answer:Looks like scam. Often times, a check can be successfully deposited in your bank only to be rejected later. So confirmation in that case can be a fleeting thing. Same goes for money orders. If you have ... bank, you could cash his check there. Then you've got cash in hand and are good to go.

Description : Can money be deposited or employed in a bank or association ? Many banks or associations in our country have interest , is it legal to deposit money or work in these banks or associations ? And if someone works in such an association or bank, is it permissible to offer prayers behind him ?

Last Answer : Conventional banks or associations are based on interest economy. The exchange of interest is the main work of these banks or associations. In the present capitalist economy, these banks are the main means of ... 3 More See books like Ahsanul Fatawa-3/209 , Imdadul Fatawa-1/411 , Gunia-480 etc.

Description : What type of investment services does PNC bank offer?

Last Answer : PNC bank offers several different investment services. These include securities products and brokerage services.

Description : Does National City Bank offer free checking accounts?

Last Answer : There isn't free checking accounts, for the modality of free checking account in National Bank City

Description : Does your bank offer an online checking account?

Last Answer : Many banks offer online checking accounts along with my own, which is Wachovia. If you are a new or existing bank member, the easiest way to find out about an online checking account is by either visiting ... they do or not My personal account has online banking. But I don't use it at the Moment.

Description : Does National City bank offer free checking?

Last Answer : National City does offer a free, no-frills checking account. You need a minimum deposit of $50 to start up an account with them.

Description : Do banks offer bank employee training?

Last Answer : Banks will offer their own training for many positions such as tellers. Other positions at banks require you to come with training such as IT support or accounting.

Description : The International Bank for Reconstruction and Development(IBRD) is an international financial institutions that offer loans to _____ A. Multinational Banks B. Multinational Financial Institutions C. Middle Income Developing Countries D. Non Government Organizations E. None of the Above

Last Answer : C. Middle Income Developing Countries Explanation: The International Bank for Reconstruction and Development (IBRD) is an international financial institution that offers loans to middle-income developing countries.