Can I make extra payments towards my home loan?
Asked 6 months ago
Yes, you can make extra payments towards your home loan with Bank of America Home Loan Servicing. Making additional payments can help to reduce the principal balance and shorten the overall term of your loan. Several options are available for making extra payments, including online transfers, automatic payments, and by mail. It's important to note that some restrictions and fees may apply, so it's recommended to review your loan agreement or contact customer service for specific details. Making extra payments can be a great strategy to save money on interest and pay off your loan faster. Contact Bank of America Home Loan Servicing for further guidance on making extra payments towards your home loan.
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