MBNA Corporation
MBNA Corporation and Bank of America Corporation merged in January, 2006, and MBNA is now part of Bank of America. Bank of America is one the world’s largest and finest financial firms. Bank of America works to help people reach their mortgage and banking needs while making communities stronger. They reach for higher standards in all they do, be it for their customers, associates, communities and shareholders. The merger will create even more financial solutions & investment opportunities for consumers as well as meeting more community needs.
As of June, 2006, consumers are still advised to continue to check MBNA’s website to stay abreast of the latest details of the advantages that the merger will bring to them as well as their community. The union of the two organizations will bring consumers the benefits of a nationwide network that will include approximately 17,000 ATM’s as well as almost 5,800 retail banking facilities in 29 states & the District of Columbia. Bank of America’s powerful reputation of Community Leadership will be further highlighted by their historic goals as well as their development of a strategic community business plan for Delaware.
Loans Funded by MBNA Corporation
- Home Purchase Programs
- Neighborhood Advantage Zero Down Program – must meet qualification requirements
- Neighborhood Advantage Credit Flex – targeted to low-to-moderate income consumers
- Neighborhood Champions – special programs for teachers, policemen, firefighters, and medical
- First Time Homebuyers Programs
- Reduced Paperwork “Hassle-Free” Mortgage Programs
- Home Equity Loan Programs
- Home Equity Line of Credit (HELOC) Programs
- Home Improvement Loans
- Refinancing Loan Programs – including Streamlined Refinance
- Combination Loans – may be ideal for avoiding PMI costs
- Construction Lending Programs – including One-Time Close Program in certain states
- FHA & VA Programs – must meet qualification standards as required
- Fixed-Rate Mortgage (FRM) Programs
- Adjustable Rate Mortgage (ARM) Programs
As for MBNA’s name changing to Bank of America, consumers should be aware that changes will occur progressively throughout 2006 and consumers may receive communications with either MBNA or Bank of America branding or perhaps both in some instances.
This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states. Mortgage Info makes no representation, express or implied, that you will receive a quote from any companies profiled on this site.
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