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 you have with Merrill Lynch.

Increase Liquidity, Monthly Income and Tax Deductibility with PrimeFirst® Adjustable-Rate Mortgage (ARM)1
  • PrimeFirst® is a 25-year interest-only adjustable-rate mortgage with rates based on LIBOR (London Interbank Offered Rate).1,2 (Read important information.)
  • Adjustment period is based on either the one-month or six-month LIBOR index.
  • The lower initial mortgage payments 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

  • If your goal is to maintain consistent mortgage payments for all or a portion of the loan period, we offer both conforming and non-conforming fixed-rate mortgages in 15- and 30-year terms and conforming fixed-rate mortgages in 10-, 20-, and 25-year terms.4
  • Our fixed-rate mortgages offer fixed amortized payments for the life of the loan, have no prepayment penalties and are available with large loan amounts.5

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

  • A Term-Adjustable Rate Mortgage offers conforming and non-conforming amortized loan options with your choice of an initial fixed-rate period of three, five, seven or 10 years, followed by an adjustable rate for the remaining life of the loan term.1 (Read important information.)
  • 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. The initial period payments are typically lower than most fixed-rate mortgages.

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.