Learn about Mortgages, Refinancing and Home Equity from Bank of America

Knowing more about home loans can help you better manage your financial life.

Understand your mortgage options

With so many different types of mortgages available, choosing the right one can seem overwhelming. We're here to clearly explain your options.

Avoid some of the most common home-buying mistakes

Buying a home is a big decision – and there are lots of small decisions to make along the way.

Explore tips for first time home buyers

Your down payment plays an important role

When you're considering buying a home, the amount of your down payment plays an important role.

Learn about home loan down payments

Extend your financial know-how with even more information to help you make more confident decisions

Get information from Better Money Habits about buying your first home

Mortgage rates
Mortgage calculator
First-time homebuyer information
Down Payment Center
Search for down payment and cost savings programs that can help make buying a home more affordable
Real Estate Center
Search millions of existing homes, new homes, and bank-owned properties
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Your home loan made easy

Start online

Prequalify for your dream home, or submit your application through the Bank of America Digital Mortgage Experience™. We help make the process easy and simple.

Visit our Real Estate Center to search for homes and find home values.

Work with a specialist

Our experienced lending specialists — rated 4.9 stars out of 5 on Zillow as of 4/2/18 by thousands of customers like you — will help you every step of the way.

Prepare for closing

Securely upload and e-sign documents using the Home Loan Navigator®.

Keep up to date on the status of your application and view any action items throughout the process.

Visit our home loans overview page to explore your mortgage options.

Refinancing to a fixed rate

Switching from an adjustable-rate mortgage (or ARM) to a fixed-rate mortgage is one of the most common reasons to finance.

Learn more about a fixed-rate refinance loan

Refinancing to lower your monthly mortgage payment

Before you decide if refinancing is the right choice for you, take a look at some of the details.

Learn how refinancing may lower your monthly payment

Should you refinance or take out a home equity line of credit?

If you're interested in borrowing against your home's available equity to pay for other expenses, you have choices.

Read about cash out refinance vs. home equity

Extend your financial know-how with even more information to help you make more confident decisions

Learn more about refinancing at Better Money Habits

Refinance rates
Refinance calculator
Real Estate Center
Search for homes and see your home’s estimated value in seconds

Your home loan made easy

Start online

Prequalify for your dream home, or submit your application through the Bank of America Digital Mortgage Experience™. We help make the process easy and simple.

Work with a specialist

Our experienced lending specialists — rated 4.9 stars out of 5 on Zillow as of 4/2/18 by thousands of customers like you — will help you every step of the way.

Prepare for closing

Submit your documents securely online using the Home Loan Navigator®.

Keep up to date on the status of your application and view any action items throughout the process.

Visit our home loans overview page to explore your refinance options.

What is a home equity line of credit (HELOC)?

A HELOC is a revolving line of credit that you can use for large expenses or to consolidate higher-interest rate debt.

Evaluating the available equity you have in your home

The more equity you have, the more refinancing options may be available to you.

See how equity affects your refinancing options

Should you refinance or take out a home equity line of credit?

If you're interested in borrowing against your home's available equity to pay for other expenses, you have choices.

Learn about borrowing against your home’s equity

Extend your financial know-how with even more information to help you make more confident decisions

Learn more about refinancing at Better Money Habits

Home equity rates
Home equity calculator
Real Estate Center
See your home’s estimated value in seconds

Your home equity line of credit made easy

Start online

Submit your secure application online — there’s no fee and no obligation, and it only takes about 15 minutes. Start your application now.

Work with a specialist

Our experienced specialists will help you every step of the way – and if you decide that predictable monthly payments for a fixed term is best for you, they’ll help you with a Fixed-Rate Loan Option.

Complete the process

Save time and securely upload documents online. If approved, you can enjoy the convenience of closing at a financial center financial center of your choice. After that, you can easily access your new home equity line of credit as
you need it.

Visit our home loans overview page to see what home equity can do for you.

Bank of America’s Digital Mortgage Experience™ puts you in control. Apply for a new mortgage or refinance your current home with customized terms that meet your needs. See for yourself.

Applying for a mortgage

doesn’t have to be stressful.

Hey honey. Want that house we better get moving.

Okay Dad, I’m already on it.

Bank of America’s Digital Mortgage makes it

simple and easy to apply for your mortgage online

and on your time.

You’re going to need these. We have a lot

of stuff to print out.

Reduce paperwork and save time every step of the

way. You can review loan options and select

features that matter to you, ranging from lower

closing costs to lower monthly payments.

I can’t find my car keys. Have you seen them?

I’ll be right there.

At any point, you can save your application for later.

♫ ♫ ♫

Found them!

Oh great. Let me grab my coat, we’ll run to the bank

and see what they have to offer.

No need to Dad, we’re good.

Honey the rates are low right now we should try to

lock it in if we can.

We can do it right now.

♫ ♫ ♫

What?

Pick up where you left off even on a different device

and lock your rate to avoid the risk of rising rates,

or leave it open and lock later.

♫ ♫ ♫

Alright but what if you have questions?

I can talk to a lending specialist if I want.

♫ ♫ ♫

Oh, I see.

♫ ♫ ♫

You’re in control every step of the way.

We’re all set.

Well, that’s it.

That's it.

Wow, your first house. That really is something.

I couldn’t have done it without you Dad.

When life gets complicated, Bank of America helps

keep it simple. Apply for your Mortgage online today.

♫ ♫ ♫

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Transcript

Narrator: Applying for a mortgage doesn’t have to be stressful…

Father: Hey honey. Want that house we better get movin.

Daughter: Okay Dad…I’m already on it.

Narrator: Bank of America’s Digital Mortgage makes it simple and easy to apply for your mortgage online and on your time.

Father: You’re gonna need these. We have a lot of stuff to print out.

Narrator: Reduce paperwork and save time every step of the way.

Narrator: You can review loan options and select features that matter to you…ranging from lower closing costs to lower monthly payments.

Father: I can’t find my car keys. Have you seen them?

Daughter: I’ll be right there.

Narrator: At any point, you can save your application for later.

Daughter: Found them!

Father: Oh great. Let me grab my coat, we’ll run to the bank and see what they have to offer.

Daughter: No need to Dad, we’re good.

Father: Honey the rates are low right now we should try to lock it in if we can.

Daughter: We can do it right now.

Dad: What?

Narrator: Pick up where you left off even on a different device and lock your rate to avoid the risk of rising rates, or leave it open and lock later.

Dad: Alright but what if you have questions?

Daughter: I can talk to a lending specialist if I want.

Dad: Oh, I see.

Narrator: You’re in control every step of the way.

Daughter: We’re all set.

Dad: Well, that’s it.

Daughter: That's it.

Dad: Wow, your first house. That really is something.

Daughter: I couldn’t have done it without you Dad.

Narrator: When life gets complicated, Bank of America helps keep it simple. Apply for your Mortgage online today.