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Low Mortgage Rates; Big Discounts May Be Big Trouble for Unprepared Consumers

05/10/2012 // (Blog: diyinstitute) // Mission Viejo, CA, US // LowerMyRates

Bank of America today announced that it will issue discounts on some of its Florida customers’ home loans by up to thirty percent. LowerMyRates.com, a credit repair and lower mortgage rates site working in a variety of fields, warned that what seems like a good idea on paper, does not always work that way in practice.

Read the full story on:Credit Repair, Back Tax Help resulting from Mortgage Rate Overextension

Eligible Florida homeowners will begin getting notices this week about a Bank of America push to reduce their loan balances, and the discounts have been doozies.

The average nationwide price cut for an initial group of 5,000 approved homeowners was about $145,000 per borrower.

Bank offers 6-figure loan discounts


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May 10, 2012   McClain Concepts
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Blog Stories, Social Pluggs back tax help, credit repair, home loans, low mortgage rates, lower my rates, mortgage rates
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