P: (401) 524-9461
F: (401) 886-6139
BANK OF AMERICA HOME LOANS
1000 BALD HILL RD
Mail Stop: RI1-900-01-02
Warwick, RI 02886
Do you find yourself house hunting and imagining what you?d do if only you had enough money to purchase the home and then make improvements without draining your hard-earned savings?
Turn that if only fixer-upper into your one-and-only dream home, with our unique all-in-one Purchase & RenovateSM loan. It provides the money you need to buy a home and to improve it ? all with one application, one closing, and one monthly payment. You?ll enjoy benefits at every step:
1. Consult your tax advisor regarding the deductibility of taxes. Some conditions may apply.
- More money-The loan is based on the home?s value after improvements
- Lower payments-The cost of improvements is spread out over the term of the loan
- Tax savings1-The interest on renovations may be tax deductible
- Freedom of choice-Make whatever improvements you want, from practical to luxurious
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