Bank of America launching ‘no fee’ loans

THERE'S NO FEE for the application, loan origination, appraisal or title under the new program, which requires a 5% down payment. Above, a for-sale sign stands outside a house in Eugene, Ore., late last month. /
THERE'S NO FEE for the application, loan origination, appraisal or title under the new program, which requires a 5% down payment. Above, a for-sale sign stands outside a house in Eugene, Ore., late last month. /
CHARLOTTE, N.C. – Bank of America today announced that a new “no-fee” mortgage will become available nationwide starting tomorrow. The new “No Fee Mortgage Plus” – available since September in Washington state, and since February in another eight states – “simplifies the home purchasing experience,” the company said, by eliminating fees for appraisal, title, loan-origination…

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