borrowers

Bank of America's New Home Loan Program Allows Borrowers to Buy Homes in Select Cities with a 0% Down Payment and No Transaction Costs

Bank of America’s New Home Loan Program Allows Borrowers to Buy Homes in Select Cities with a 0% Down Payment and No Transaction Costs

Select’s editorial team independently reviews financial products and writes articles we think readers will find useful. We get commissions on many offers from our affiliate partners, but not all offers on Select come from affiliate partners. Bank of America is launching a new mortgage product that will allow first-time homebuyers to buy a home with …

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Chinese borrowers put pressure on banks by prepaying mortgages

Chinese borrowers put pressure on banks by prepaying mortgages

Chinese homeowners rush to pay off their mortgages early, putting pressure on commercial banks already struggling to find attractive loan opportunities. Several state-owned bank managers told the FT that mortgage prepayments at branches in Beijing and Shanghai have increased by 20% this year. Analysts said managers’ accounts were in line with recently released national lending …

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