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Bank of America

August 18th, 2010 at 02:42 am

Well, hubby and I closed on our mortgage last month and we are already meeting up with an obstacle that makes us both go - uggh! The company which gave us the mortgage sold it to BOA. Not something I am happy about at all. I would never have intentionally dealt with BOA after everything I have heard about them. I get paid every two weeks, which usually comes out to twice a month, and as I blogged about earlier, I had planned on pre-allocating money out of each check and then when it is time to mail the check, just write the check as normal. Someone else who has BOA told me that if you send in your payment and it arrives a couple of days early, they don't count it as a regular payment, but like an extra payment. But they expect you to make a "regular" payment on the due date. Otherwise, the count your account as delinquent. So, I looked in detail at our payment coupon. It says payment can be accepted in person at Bank of America banking centers. Are all Bank of America banks "banking centers"? If so, we can go in person to a local BOA bank and make our payments. Or, I could do online payments, but I am not too keen on giving out my banking information online.

Posted in | 4 Comments »

4 Responses to “Bank of America”

  1. Single Guy Says:
    August 18th, 2010 at 02:50 am 1282099802
    1282099802

    I'm never thrilled about giving out banking info, but I have yet to have a problem with it. In your situation I would go with online, and if you really don't like BOA, pay your mortgage off as fast as possible. I'm paying extra, and have my mortgage under $30k. I see your's is getting low too, so a little extra in the payments, and before you know it, it will be gone. (ok maybe not that fast, but it will get there.)

  2. creditcardfree Says:
    August 18th, 2010 at 02:54 am 1282100066
    1282100066

    Our mortgage was sold to Countrywide which is now BOA. We have had no issues with BOA. They have been prompt in responding to email questions. We pay ours online and have the payment taken out automatically on the fifth of each month.

    I would guess that you could pay in person at an BOA branch...or as they likely call them banking centers. Call a local office to be sure!

    It will be fine. Enjoy your new home.

  3. Ladya70 Says:
    August 18th, 2010 at 12:59 pm 1282136365
    1282136365

    I also have BOA and pay my mortgage online and haven't had any problems.

  4. Jerry Says:
    August 20th, 2010 at 09:17 pm 1282339059
    1282339059

    I am uncomfortable with BofA in general, but I think that signing up for the online banking will lead to the least amount of hassles. It will also offer you the insurance that your payments will not be late... although you do give up some autonomy in the process. Good luck!
    Jerry

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