Thank you, I haven't talked with the BOA people.

The BOA website used to be easy to use.

They could go up in the future, but I have a line from BOA from 2007 that is currently 3.75%.

It's owned by BOA.

I still have a BOA mortgage w/ 21 more years on it (technically, but I know I'm ahead on that) that I plan on keeping and paying down as quickly as I can afford.My friends have almost no money to put down and I'm planning financing them.I have a lawyer who I've used twice in the past for traditional purchases (one bank financed, one cash) and she assures me this is not a difficult thing.My friends have agreed to my asking price and my terms of the loan.We are getting a small premium on the sales price of the home and are loaning them the $110,000 at 6% over 30 years.We still owe about $75,000 of the original $91,500 BOA mortgage which is at 5.875%.I talked to my Allstate agent and she said we'd have to switch from homeowners to a Landlord policy.First question, does this sound like a fair deal for both parties?

He didn't even have a loan on it, much less BoA.

Sounds like another BoA stunt messing with someone's finances...

Thanks Scott and Steve.Scott, the listing agents' reply is somewhere along the lines of 'just trust me' and that's why I want to know if there is a way to put it on paper.Steve, this is a short sale ( Nation Star - 1st /BOA - 2nd).

I didn't meet BoA's standards, maybe these are different!

BOA owns the 1st and have approved.Chase owns the 2nd.