I was speaking with my Banker, Marie Moore at Bank of America the other day and she told me of a new mortgage program the bank has started. Apparently, BOA has eliminated bank related closing fees for standard mortgages. Marie gave me a brochure entitled NO MORTGAGE FEE PLUS. The brochure lists five features you should always expect from your mortgage company:
1. No Application Fee
2. No Closing Fees
3. No Private Mortgage Insurance Required
4. Close-On-Time Service Guarantee
5. Best Value Guarantee
The brochure goes on to say that BOA will waive or PAY absolutely all traditional fees associated with a mortgage. It goes on to say that if through their fault, the loan doesn’t close on time, they will pay your first mortgage payment. In addition, if you apply, are approved and close with someone else because it was a better value, they will give you $250.
This seems to be a grate value for sure. Closing fees on a home mortgage can cost several thousand dollars. Indeed, Marie estimates a savings of over $3,000 on a traditional $200,000 mortgage! You can reach Marie More at the Murdock branch of Bank of America, 941-624-3321.
This is great news for those looking to purchase a home in our area. Prices are very good and there is a surfeit of homes on the market. Buyers can find a great deal on a home and now a mortgage. Port Charlotte homes for sale are priced at the best rate in years.
Would you like a waterfront home in Punta Gorda Isles (PGI)?
Are you thinking of buying a pool home in North Port, FL? There is no better time than the present. Do you like golf? How about buying a home with a pool in Rotonda, FL? Rotonda is built around five wonderful golf courses and there are several more nearby in Englewood and Cape Haze.
James B. Mulligan, Licensed Real Estate Broker
21202 Olean Blvd, C-3
Port Charlotte, FL 33952
Jim Mulligan (941) 235-7474