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Article: Bank of America Develops Consumer Information Document to Help Texas Consumers Understand Home Equity Loans
- Article from:
- PR Newswire
- Article date:
- December 4, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DALLAS, Dec. 4 /PRNewswire/ -- Bank of America, the nation's No. 1 bank provider of home equity loans, has developed an educational home equity lending document -- available free of charge -- to help Texas consumers understand the basics of home equity loans and how to use them wisely.
The six-page document, titled "What You Need to Know Before You Borrow," is available at any Bank of America retail branch location throughout Texas and provides consumers with information such as:
-- how home equity works
-- steps toward obtaining a loan
-- factors lenders generally consider in granting credit
-- federal and ...