More Reasons to Choose Merrill Lynch
When you work with us, you’ll rest assured knowing we value you as a client and will take every opportunity to show our appreciation with prompt, responsive service throughout the financing process.
In addition to our full suite of home financing products, we also offer additional services to provide you with the customization you want and need to fit your individual financial goals. Explore our Optional Features and visit the Resource Center for more details.
| Reduce or Eliminate Your Down Payment to Avoid Disrupting Your Investment Strategy |
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Worry-Free Mortgage Payments
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- Direct debit allows you to have your monthly mortgage payments taken directly from your checking or savings account.
- Generally, any account with check writing abilities either at Merrill Lynch or another financial institution can be debited.
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Pay Only the Interest on Your Loan For a Predetermined Amount of Time
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- Interest-only financing offers you the flexibility to conrol your cash flow by reducing your initial monthly mortgage payments1
- Redirecting money that would have gone toward paying principal on your mortgage may complement your overall financial strategy and potentially help you grow your wealth.
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Protecting and Locking your Rate
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- Rate lock and rate protection are two optional mortgage features that offer you the safety of a guaranteed maximum interest rate, even if mortgage rates rise before you close your mortgage.
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| Selling and/or Buying a Residence |
- Provided by Cartus, the Realty Advisory Services program is a complimentary program for Merrill Lynch Home Loans 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.
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1“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.