Loan Closing Guarantee
We guarantee to meet your closing date or we will credit you up to $1,000 at closing. With the Closing Guarantee from Merrill Lynch Home LoansTM, you can receive a monetary credit if the closing date for the purchase of your new home is not met. Receive $500 at closing for loans up to $1 million or $1,000 for loans greater than $1 million if we miss the agreed upon closing date. For refinances, we will apply the credit if your loan does not close within 60 days. Please note, all guarantees are subject to your ability (as the applicant) to satisfy closing conditions either by the agreed upon closing date or within the applicable 60-day period.
Assessing your down payment options.
Did you know that a smart home financing strategy may not include a down payment? When combined with one of our home financing solutions, you may be able to take advantage of 100% financing to avoid liquidating assets and disrupting your financial goals. Learn more.
Selling and/or buying a residence.
Provided by Cartus, the Realty Advisory Services Program is a complimentary program for Merrill Lynch Home LoansTM clients, which may help you save time and money when buying or selling a home. By providing guidance and advice at every step, this program facilitates the entire process to help ensure the best possible homeowner experience. Learn more.
Leveraging the power of conditional pre-approval.
Our Qualified Buyer program provides qualified prospective homebuyers with a complimentary conditional mortgage pre-approval letter, which can be a powerful negotiating tool when shopping for a new home. This letter is not a commitment to lend. Approved financing is available to qualified applicants. Learn more.
eDelivery & eSignature (for loans with one applicant).
Now you can access and electronically sign many of your mortgage loan documents online. Learn more.
Protecting and locking your rate.
These two optional mortgage features offer you the safety of a guaranteed maximum interest rate, even if mortgage rates rise before you close your mortgage. Learn more.
Utilizing the power of an integrated investment statement.
Looking for a more complete view of your financial picture on your investment statement? We offer an integrated investment statement that allows you to view your mortgages, as well as your assets, all on one statement (available for most clients). Learn more.
Client Payment Options.
Merrill Lynch Home LoansTM offers several convenient payment options—including online payments and direct debit (Auto Debit Authorization or ACH). Learn more.
1Relationship pricing discounts are only available to individuals (i.e. natural persons) who have a vested interest in the proposed mortgaged property. To be eligible for the closing cost credit, the client must transfer new assets totaling at least $250,000 (additional discounts may be available for higher asset levels) to Merrill Lynch Pierce, Fenner & Smith Incorporated (“MLPF&S”) or Bank of America, N.A. (“BANA”) prior to loan closing. To be eligible for the rate discount, the client must have assets totaling at least $250,000 (additional discounts may be available for higher asset levels) with MLPF&S or BANA prior to loan closing. Assets may be held in a combination of MLPF&S brokerage accounts, as well as accounts held at Bank of America. N.A. The client is not required to have any particular type of account to receive the relationship pricing discount. All assets are subject to verification for eligibility prior to closing.
IMPORTANT NOTE: Clients are NOT required to trade or hold securities or open or maintain a MLPF&S account in order to obtain relationship pricing for BANA mortgages. If the client wants to meet the balance threshold entirely through deposits, they are entitled to do so.