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.