Refinancing with Bank Of America

With the Fed about to raise rates (or Janet Yellen is a phony and not and we’re all going to hell in a handbasket Q1 2017….depending on your position) I just wanted to give you a heads up on an experience we’ve had refinancing our mortgage with Bank Of America and in particular with Sam Allan who helped us through all of it in case it might be able to help you out. So our background is that we... [more]

With the Fed about to raise rates (or Janet Yellen is a phony and not and we’re all going to hell in a handbasket Q1 2017….depending on your position) I just wanted to give you a heads up on an experience we’ve had refinancing our mortgage with Bank Of America and in particular with Sam Allan who helped us through all of it in case it might be able to help you out. So our background is that we have great credit (high income no debts apart from property mortgages) but complicated by the fact that although working for a USA based company we’re expats with multiple investment properties overseas and that we live in a small 4 floor coop in Brooklyn Heights which was 8 units however over the past 6 years we’ve now amalgamated 3 of the apartments into a single 2 bedroom, 2 bath apartment over 2 floors. When we’ve financed in the past something or other always took longer than expected. It’s also hard to find good comps for our particular situation eg not a whole house, and not just a regular coop apartment or something else came up because we are expats with assets overseas etc Sam was able to arrange all the documentation we needed, sort out the appraisal, get it all approved and sort out the move from Wells Fargo over to BOA reasonably quickly. Sure one or two things would come up but the reason why I’m posting about Sam is it pretty much didn’t matter what time of the day it was he was either reachable by phone OR would reply to an email question within 10-15 mins. No I’m not sure 3.5% on a 30 year is still available as rates are moving fast (lol…or not we’ll see in June) but if you are looking to lock in a refinance while rates are relatively low feel free to reach out to Sam Allan at Bank Of America on 347-526-2441 or sam.allan@bankofamerica.com or post below if you have any questions. Cheers, Dean [less]