Home Financing

Home Financing

Merrill Lynch Home Loans™ Home Financing Solutions Can Help You Purchase The Home You Always Envisioned

The right mortgage is one of the cornerstones of building and managing wealth. Your Merrill Lynch Financial Advisor will look at the “big picture” and review all the options to help you choose a mortgage solution that meets your immediate needs and fits your overall financial strategy. We offer customized mortgage solutions designed to help you pursue a wide variety of financial goals. Plus, you may qualify for preferred pricing based on the amount of assets and/or deposits you have with Merrill Lynch and/or Bank of America.

Increase Liquidity, Monthly Income and Tax Deductibility with PrimeFirst® Adjustable-Rate Mortgage (ARM)1
  • PrimeFirst® Adjustable-Rate Mortgage offers interest-only payments2 for the initial period, offering more savings and payment flexibility.
  • This means your monthly payments should be typically lower than those for most fixed-rate mortgages during the inital period.
  • The lower initial mortgage payments may help increase your liquidity, allowing you to keep more of your monthly income. In addition, the payments may be tax-deductible.3

Maintain Stable Mortgage Payments with a Fixed-Rate Mortgage

  • Enhance the stability of your finances with consistent monthly mortgage payments over the life of your loan with a fixed-rate mortgage.
  • Our fixed-rate mortgages allow you to tailor the loan to your needs by offering an array of flexible terms. In addition, our fixed-rate mortgages have no prepayment penalties and are available with large loan amounts.4,5

Customize Your Rate and Payment with a Term-Adjustable Rate Mortgage1

  • If you plan to live in your home for a limited time (10-years or less), you can achieve the security of stable payments and a lower interest rate with a term-adjustable rate mortgage.1
  • A term-adjustable rate mortgage offers the security of an inital fixed-rate period, followed by an adjustable rate for the remaining life of the loan term.1
  • This allows you to customize your rate and payment by selecting the initial period that matches the length of time you plan to live in your home.

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.

2“Interest-only” mortgages allow 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 what your payments can be if interest rates increase.

3Neither Merrill Lynch nor its Financial Advisors provide tax advice. Please consult your tax advisor regarding the deductibility of mortgage interest.

4Not all terms are available with all loan sizes.

5Loan amounts over $3 million may be available on a case-by-case basis to qualified applicants.

PrimeFirst is a registered trademark of Bank of America Corporation.