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Call 1.800.854.7154 or contact your Merrill Lynch Financial Advisor
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MERRILL LYNCH HOME LOANS™ |
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Merrill Lynch Home LoansTM provides special assistance to help non-U.S. citizens understand the process and overcome the obstacles of financing a home in the United States. The Foreign National Home Finance program provides home financing solutions for qualified non-U.S. citizens who are purchasing or refinancing a residence or investment property in the United States.
Foreign National Home Financing Solutions Include:
- Traditional fixed-rate mortgages
- Term adjustable-rate mortgages
- LIBOR based, PrimeFirst® adjustable-rate mortgage, which features an initial 10-year interest-only period1
- Equity Access® Home Equity Lines of Credit
- 100% home financing programs
What you should know:
Programs and options are available with the following caveats:
The Foreign National program is available to existing Merrill Lynch Non-Permanent Residents and Non-Resident Clients, as well as new Clients. Program eligibility and guidelines are applicable to all home financing applications in which any applicant is a Foreign National. Properties are limited to the United States in accordance with Merrill Lynch Home LoansTM product and program requirements. Not all products and loan terms available.
For more information on the Foreign National Home Finance program, talk to your Merrill Lynch Financial Advisor, or call 1.800.886.5302.
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1When deciding whether an adjustable-rate mortgage is right for your situation, you should consider the potential risk of rising rates and payments and such factors as how long you plan to own your home.
This is an “interest-only” mortgage that allows you to pay only the interest on the money you borrow for a certain number of years. If you only pay the amount of interest that’s due, once the interest-only period ends, you will still owe the original amount you borrowed and your monthly payment will increase – even if interest rates stay the same – because you must pay back the principal as well as interest. You should ask what the payments on your loan will be after the end of the interest only period. If you are considering an adjustable rate mortgage, ask about what your payments can be if interest rates increase.
Merrill Lynch Credit Corporation is an indirect wholly-owned subsidiary of Bank of America Corporation.
© Copyright 2010 Bank of America Corporation. All rights reserved
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