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  • Bank of America Corp. (NYSE:BAC) Lowered Rates for Military People

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    Sunday March 13, 2011 at 01:24 pm EST
     
    Bank of America Corp. (NYSE:BAC) Lowered Rates for Military People
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    Bank of America Corp. (NYSE:BAC) has lowered its interest rates and reduced the mortgage principal for Military personnel. Bank of America Corp. (NYSE:BAC) also created dedicated customer service for military customers. This will help soldiers to lower their mortgage burden. 

    As per the new scheme, Military personnel who are not on active duty anymore can be liable to receive principal forgiveness to as low as 100% of the property’s value. Also Soldiers will be provided with longer mortgage terms in order to make their life comfortable.



    Shares of Bank of America Corp. (NYSE:BAC) are trading at $14.38 exactly below the resistance level of $14.55. Major support levels for Bank of America Corp. (NYSE:BAC) below current price are at $14.12, $13.67, $13.2, $12.52 and at $11.8. Resistance levels above current price are at $14.55 and at $15.08.


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