Today, Ron and Heather put on their serious game face to tackle Bank of America’s freshly introduced loan program. Listen in on unvarnished comments about the truth of the matter, learn more about the implicit objectives of bank loans, and determine if it’s an excellent financial decision for you!
WHAT YOU’LL LEARN FROM THIS EPISODE
- Bank of America Community Affordable Loan Program: What it is and how it works
- How challenging it can be for minorities to become homeowners
- The pros and cons of this type of loan program
- Why are businesses not investing in these new market areas?
- Are lenders finding it harder to make loans these days?
- Potential areas for improvement in this type of lending scheme
RESOURCE MENTIONED IN THIS EPISODE
- Bank of America launches zero down payment mortgages to help minorities buy their first homes — here’s who can apply
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