Optional Features

More Reasons to Choose Merrill Lynch Home Loans

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.

Reduce or Eliminate Your Down Payment to Avoid Disrupting Your Investment Strategy with 100% Financing

Finance up to 100% of a primary residence for you or a family member without disrupting your investment strategy with Mortgage 100® or Parent Power®.1

Mortgage 100® allows you to purchase or refinance a primary, second, or investment property by pledging eligible securities in a Merrill Lynch pledge account instead of liquidating assets to make a cash down payment.

Parent Power® allows you to help family members purchase or refinance a primary home by leveraging your assets—in a way that does not disrupt your overall investment strategy.

  • With Parent Power, you can help a family member finance up to 100% of a primary residence by pledging eligible securities without having to co-sign the loan and incur no gift tax (please consult your tax advisor).2
Enjoy Rate Lock and Rate Protection Security
You may want to consider protecting or locking your rate. If you prefer securing an interest rate, you can choose to rate lock for a specified lock period. If you prefer knowing your rate won’t exceed a guaranteed maximum interest rate, even if mortgage rates rise before you close your mortgage, you can choose rate protection for a specified lock period.3 Rate protection and rate lock are available for both home purchases and refinances.

Rate Protection is available with 30, 60, and 90-day options when purchasing a home and available with 60 and 90-day options when refinancing a home (excludes PrimeFirst®).

Rate Lock is available with 30, 60, 90 and 120-day options when purchasing a home*.

  • 60 and 90-day options are available for conforming and nonconforming refinance transactions (excludes PrimeFirst®).

*Some exclusions may apply. Speak with a Loan Representative for the most up-to-date information regarding all available rate lock and lock period options.

Relationship Pricing Recognizes And Rewards You For Your Total Relationship
  • Merrill Lynch Home LoansTM is pleased to offer you pricing based on your total relationship with Merrill Lynch and/or Bank of America, N.A.4
  • Our Relationship Pricing program offers a rate discount on select non-conforming (Jumbo) mortgages or a margin discount on PrimeFirst® and Equity Access® home equity lines of credit.
  • This can provide you with significant savings over the life of the loan.
  • Discounts may be available to you based on your assets and/or deposits with Merrill Lynch and/or Bank of America, N.A.4
  • To learn more about Relationship Pricing, speak with a Merrill Lynch Financial Advisor today.

1Merrill Lynch’s Mortgage 100® and Parent Power® programs require the pledge of eligible securities owned by an individual and maintained in a Merrill Lynch, Pierce, Fenner & Smith, Incorporated brokerage account. Member, Securities Investor Protection Corporation (SIPC). The Mortgage 100® and Parent Power® programs may not be suitable for everyone and a default on your mortgage could result in both the loss of your home and your securities. Should the value of the securities pledged as collateral decrease below a certain level (as specified within the loan documents), the deposit of additional assets and/or liquidation of assets may be required. Merrill Lynch may liquidate some or all of the securities in the account without contacting you. You are not entitled to an extension of time to meet a collateral call or choose which securities in your account are sold to meet the collateral call. Liquidation may result in adverse tax consequences. Mortgage interest may not be deductible if tax-exempt obligations are pledged as additional collateral (Please consult your tax advisor.). Trading within the brokerage account for the 100% financing programs is subject to restrictions.

2Neither Merrill Lynch nor its Financial Advisors provide tax advice. Please consult your tax advisor regarding the deductibility of mortgage interest.

3Unless otherwise prohibited by state law, an associated fee is required for rate protection and rate lock.

4Relationship 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 rate or margin discount, the client must have assets totaling at least $1,000,000 (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: You 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 you want to meet the balance threshold entirely through deposits, you are entitled to do so.

Mortgage 100 and Parent Power are registered trademarks of Bank of America Corporation.

Equity Access is a registered trademark of Bank of America Corporation.

PrimeFirst is a registered trademark of Bank of America Corporation.