Bank of America Informative - Why refinance you when were making plenty
USA -- My mortgage is with BOA because they absorbed Countrywide. I tried to refi just before the big collapse in 2009,I new I was starting to get in trouble financially, but I was still ok at that time. I wanted to consolidate and have just the mortgage payment. I own a single family in Boston. Was looking for $180,000 after waiting 89 days I was declined for(the condition of the property)an empty lot would be worth that as collateral in this location. A month later I received a letter from BOA stating that often when people are declined by doing some home repairs they can reapply and be accepted. I did extensive renovations and reapplied only to be denied for change in my financial situation. So my interest rate stays at 6% for my first and 9.62% for my second. I truly hope when enough people are fed up with these thieves and they fail our government doesn't stick its head in to save them.
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