Loading Scampede…
None. I was recommended to Bank of America by a financial adviser from XXXX XXXX, owned by B of A. The advisor sold me on a unique product that they offered, a 30 year fixed rate with a 10 year interest only option. Since I am retired with reduced income, I found this to be an attractive option versus the 3.5 % 30 fixed that I currently have on my primary residence. The application date was XX/XX/2021 and the application was taken by XXXX XXXX, XXXX, with B of A in New York. The application was originated incorrectly with many inaccuracies. I on several occasions asked that the terms of this interest only be confirmed. I was told verbally that it was. When I received the disclosures I questioned why they disclosed a non-conforming 30 year amortized loan when I was sold an interest only ver