Bank of America® home financing solutions

Personalized service. Integrated approach.

Bank of America® home ﬁnancing solutions

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Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment

products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”).

MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC, and a wholly-owned subsidiary of BofA Corp.

Investment products:

Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value

Mortgage terms Monthly payment Unique ﬁnancing Equity

Fixed-rate

mortgage

Adjustable-

rate

mortgage

Interest

only

Principal

& interest

Help family

member

Medical

professional

Customized

solutions

Cash

recapture

Home

equity line

of credit

As a Merrill client, you’ll receive comprehensive advice from your Merrill advisor and a Bank of America lending specialist who will work together to provide

you with a sophisticated mortgage solution designed to meet your ﬁnancing needs and complement your wealth management strategy.

Take advantage of exclusive mortgage beneﬁts and pricing discounts with Bank of America Preferred Rewards.

Next >

PLATINUM HONORS

$100K TO <$1MM

three-month combined

average daily balance

DIAMOND

$1MM to <$10MM

three-month combined

average daily balance

DIAMOND HONORS

$10MM+

three-month combined

average daily balance

BANK OF AMERICA

Preferred Rewards

Mortgage benefits on a new purchase or

refinance mortgage

PayPlan must be established for interest

rate

reduction.

$600

origination fee

reduction

0.250%

interest rate

reduction

0.375%

interest rate

reduction*

Comprehensive advice and

premium beneﬁts

Transfer new money and save with relationship pricing

If you do not fall into the Preferred Rewards Diamond or Diamond Honors tier, but want

to leverage the interest rate reduction, you can maximize your pricing discount and unlock

special relationship pricing on a new mortgage by transferring new balances and enrolling

in PayPlan from a Bank of America deposit account.

To take advantage of the interest

rate reduction on your new home loan, you must:

• Have or open a Bank of America checking account

• Transfer new balances into an eligible personal Merrill investment or Bank of America

deposit account aer you apply and prior to closing

• Enroll in PayPlan to set up automatic mortgage payments from your Bank of America

deposit account prior to closing

0.375%

interest rate reduction when you transfer

$3 million or more in qualiﬁed assets

0.250%

interest rate reduction when you transfer

$1 million to $2,999,999 in qualiﬁed assets

0.125%

interest rate reduction when you transfer

$250,000 to $999,999 in qualiﬁed assets

* Total relationship pricing, including Bank of America Preferred Rewards beneﬁts, is limited to a maximum of 0.375% interest rate

reduction per loan.

Mortgage terms Monthly payment Unique ﬁnancing Equity

Fixed-rate

mortgage

Adjustable-

rate

mortgage

Interest

only

Principal

& interest

Help family

member

Medical

professional

Customized

solutions

Cash

recapture

Home

equity line

of credit

A ﬁxed-rate mortgage has an interest rate that will remain ﬁxed. So, your mortgage interest rate, and your total monthly payment of principal and interest,

will stay the same for the entire term of the loan.

A good choice if you:

✓ Think interest rates could rise in the

next few years and you want to keep

the current rate

Plan to stay in your home for

many years

Prefer the stability of a fixed

principal and interest payment that

doesn’t change

✓

Additional beneﬁts

• Choice of loan terms: 10-, 15-, 20-,

25- or 30-year

• Consistency that can help make it

easier for you to set a budget

Considerations

• Interest rates are typically higher on a

ﬁxed-rate mortgage when compared

to the initial rate of an adjustable-

rate mortgage

Fixed-rate mortgage

Next >

Mortgage terms Monthly payment Unique ﬁnancing Equity

Fixed-rate

mortgage

Adjustable-

rate

mortgage

Interest

only

Principal

& interest

Help family

member

Medical

professional

Customized

solutions

Cash

recapture

Home

equity line

of credit

Adjustable-rate mortgages (ARMs), also known as variable-rate mortgages, have an interest rate that may change periodically depending on changes in the

corresponding ﬁnancial index that’s associated with the loan. Generally speaking, your monthly payment will increase or decrease if the index rate goes up

or down.

However, you can get an ARM with a rate that remains ﬁxed for an initial period of time which is generally lower when compared to a ﬁxed-rate mortgage.

Aer that initial ﬁxed rate period ends, the interest rate is subject to adjust thereaer. ARM loans are usually named by the length of time the interest rate

remains ﬁxed and how oen the interest rate is subject to adjustment thereaer. For example, in a 5y/6m ARM, the 5y stands for an initial 5-year period

during which the interest rate remains ﬁxed while the 6m shows that the interest rate is subject to adjustment once every six months thereaer.

A good choice if you:

✓

Plan to move before the end of the

initial fixed-rate period, so you

aren’t concerned about possible

rate increases

Want an initial monthly payment

lower than what a fixed-rate

mortgage usually offers

Think interest rates may go down in

the future

✓

Additional beneﬁts

• Potentially lower monthly payments

during the initial ﬁxed-rate period

means you have more cash available

to fund other goals

• Choice of initial ﬁxed-rate period

term: 5, 7 or 10 years

• Some loans allow interest-only

payments for an initial period,

followed by fully amortizing payments

for the remaining loan term

Considerations

• Aer the initial ﬁxed-rate period,

your monthly payments will likely

change periodically due to changes in

the index. This could result in higher

monthly payments. Consider the

potential risk of rising rates and how

long you plan to own your home

Adjustable-rate mortgage with

an initial ﬁxed-rate period

Next >

Mortgage terms Monthly payment Unique ﬁnancing Equity

Fixed-rate

mortgage

Adjustable-

rate

mortgage

Interest

only

Principal

& interest

Help family

member

Medical

professional

Customized

solutions

Cash

recapture

Home

equity line

of credit

If you choose an adjustable-rate mortgage with an interest-only payment option, your interest rate is subject to periodic adjustments aer the initial ﬁxed

period. So, rising market rates could also increase your monthly payment during and aer the interest-only period.

With the PrimeFirst® Adjustable-Rate Mortgage,

the interest rate adjustment period is one month and the lifetime rate cap is 12%, or your initial rate plus

5%, whichever is greater.

A good choice if you:

✓ Want the flexibility to pay down the

principal more strategically

Would like to preserve your cash

flow during the interest-only period

to fund other goals

✓

Additional beneﬁts

• Potentially deduct your interest

expense

• There are no prepayment penalties

Considerations

• Once the interest-only period

ends, your monthly payments will

signiﬁcantly increase

Flexible interest-only payments

Interest-only payments are available on many types of Bank of America mortgages, including:

• Non-conforming (Jumbo) Adjustable-Rate Mortgages

(ARM) – 5y/6m ARM, 7y/6m ARM, 10y/6m ARM

• Non-conforming (Jumbo) Fixed-Rate Mortgages

• PrimeFirst® Adjustable-Rate Mortgage

Next >

Mortgage terms Monthly payment Unique ﬁnancing Equity

Fixed-rate

mortgage

Adjustable-

rate

mortgage

Interest

only

Principal

& interest

Help family

member

Medical

professional

Customized

solutions

Cash

recapture

Home

equity line

of credit

If you prefer paying principal and interest in your monthly payments, you may want to consider a mortgage with this more traditional payment option that

delivers consistent principal and interest payments over the life of the loan.

A good choice if you:

✓ Have budgeted to pay principal and

interest each month

Want to help create equity in your

home more quickly than if you

paid interest only

✓

Additional beneﬁts

• By paying a portion of the principal

each month, you’ll pay less interest

on your loan over the full term

Considerations

• The funds you use to make principal

payments are no longer liquid

Traditional principal and

interest payments

Next >

Mortgage terms Monthly payment Unique ﬁnancing Equity

Fixed-rate

mortgage

Adjustable-

rate

mortgage

Interest

only

Principal

& interest

Help family

member

Medical

professional

Customized

solutions

Cash

recapture

Home

equity line

of credit

Next >

Instead of liquidating assets to make a cash down payment, you can pledge eligible Merrill securities through the Mortgage 100® and Parent Power® programs.

When combined with an eligible Bank of America mortgage, they allow up to 100% ﬁnancing of the home’s value. You remain fully vested with your eligible

assets held in a Merrill pledge account. You can continue to buy, sell or trade (with certain restrictions) and earn dividends, interest and capital appreciations

on the assets.

Mortgage 100 is for your personal mortgage and can be used in conjunction with a variety of Bank of America mortgages to purchase or reﬁnance your

primary home, second home or investment property.

Parent Power allows you to help family members purchase or reﬁnance up to 100% of their primary home’s value. This program isn’t just for helping your

children — it’s also for other qualiﬁed family members or established adult children who wish to help their parents ﬁnance a home.

A good choice if you:

✓ Would like to help a family member

purchase a home

Want to reduce the down payment, or

have no down payment at all, without

having to pay mortgage insurance

Prefer to keep your assets invested

for long-term growth that could

potentially enhance your net worth

✓

Additional beneﬁts

• Preserve your cash to fund other

goals, such as paying for a child’s

education or saving for retirement

• No additional fees or higher

interest rates

Considerations

• Since you’re pledging securities, a

default on the mortgage could result

in the loss of both your home and the

securities pledged

Mortgage 100

and

Parent Power

programs

Mortgage terms Monthly payment Unique ﬁnancing Equity

Fixed-rate

mortgage

Adjustable-

rate

mortgage

Interest

only

Principal

& interest

Help family

member

Medical

professional

Customized

solutions

Cash

recapture

Home

equity line

of credit

Next >

The Bank of America Doctor Loan may make it easier for you to qualify for a mortgage on your primary home if you’re a medical resident or fellow, licensed

and practicing doctor, dentist or other eligible medical professional who has accepted a new position or residency, but still have student loan debt.

A good choice if you:

✓ Are a practicing doctor, medical

resident or fellow

Have student loan debt after years

of education

Want to move into a new home

before you start your new position

or residency/fellowship

✓

Additional beneﬁts

• Choose a ﬁxed or adjustable-rate

mortgage

• Your student loan debt is excluded

from the total debt calculation

• Close on your new home up to

90 days prior to starting your

new position

Considerations

• Doctor Loans are available only

for purchase of a primary residence

or reﬁnancing of an existing

Bank of America mortgage on a

primary residence

• Doctor Loans cannot be used on

co-ops, 2–4 unit buildings or

mixed-use properties

Bank of America

Doctor Loan

Mortgage terms Monthly payment Unique ﬁnancing Equity

Fixed-rate

mortgage

Adjustable-

rate

mortgage

Interest

only

Principal

& interest

Help family

member

Medical

professional

Customized

solutions

Cash

recapture

Home

equity line

of credit

Next >

Custom residential real estate solutions from Bank of America, N.A. are designed to go beyond the traditional mortgage with personalized ﬁnancing that is

based on your liquidity, cash ﬂow and assets — while also factoring in your tax-eﬃciency goals.

A good choice if you:

✓ Are seeking to purchase or refinance a

unique residential property

Have complex income or cash flow or

multiple income streams, such as K-1

income or trust distributions

Require financing to be made to a trust or

other entity that o

wns the property, such

as a LLC or FLP

Are purchasing a lot for the future

construction of y

our primary residence

or second home

Are looking for financing to build

a new primary or second home

(construction-to-permanent)

✓

Additional beneﬁts

• Access cash without liquidating assets and

disrupting your long-term investment

strategy

• Solutions include a variety of customized

mortgage terms, such as:

– Fixed and adjustable-rate options

– Balloon payment option

– Flexible terms, including

interest-only payments

– Cross-collateralization (consolidating

adjacent properties into one loan)

– Loan modiﬁcations

– Laddered mortgages

Considerations

• To be eligible, you need to have at least

$3 million in personal liquidity or $5 million

in net worth (including the value of your

primary residence), as well as $1,000,000

in cash aer you close

• The minimum loan amount is $2 million

Custom Mortgage Relationship Pricing

• You have access to special pricing on a Bank of America Custom mortgage solution when you have a Bank of America checking account and at least $3

million in total, qualifying personal deposit and investment balances with Bank of America, Bank of America Private Bank or Merrill at application, or

transfer qualifying outside assets to eligible personal accounts with us at least 10 days prior to the anticipated closing date.

• 0.375% interest rate reduction

when you have $10 million or more in qualiﬁed assets.

• Or receive 0.25% interest rate reduction

when you have $3 million to $9.99 million in qualiﬁed assets.

• Relationship pricing is limited to a maximum 0.375% rate reduction.

Custom residential

real estate solutions

Mortgage terms Monthly payment Unique ﬁnancing Equity

Fixed-rate

mortgage

Adjustable-

rate

mortgage

Interest

only

Principal

& interest

Help family

member

Medical

professional

Customized

solutions

Cash

recapture

Home

equity line

of credit

Next >

Enjoy the ﬂexibility and strength of buying a home with cash, then get the beneﬁt of recapturing most of that cash through a cash recapture mortgage

during the ﬁrst 180 days aer your purchase.

A good choice if you:

Want to recapture the cash used to

preserve your financial plan

Want to replenish your liquidity

Want a competitive advantage over

other buyers when using cash to

attract sellers to accept the offer

✓

Additional beneﬁts

• Enjoy potential tax beneﬁts with a

mortgage interest deduction (please

consult your tax advisor regarding

interest deductibility)

Considerations

• Loan amounts and loan-to-

value limits are based on

your qualiﬁcations

Delayed ﬁnancing

Mortgage terms Monthly payment Unique ﬁnancing Equity

Fixed-rate

mortgage

Adjustable-

rate

mortgage

Interest

only

Principal

& interest

Help family

member

Medical

professional

Customized

solutions

Cash

recapture

Home

equity line

of credit

A home equity line of credit (HELOC) from Bank of America, N.A. can help you meet your personal ﬁnancing needs — with generally lower interest rates than

credit cards or personal loans — because it’s secured by your home. With a HELOC, you’ll know the money is there for you to pay for important expenses like

home improvements, debt consolidation

or education costs.

A good choice if you:

Would like to fund a larger purchase

while preserving your cash and without

disrupting your investment strategy

Want the flexibility to be able to

borrow as much or as little as you

need, up to your available credit limit

✓

Additional beneﬁts

• Special rate discounts are available

• No fee to apply, no closing costs (on lines of

credit up to $1,000,000) and no annual fee

• Easily transfer funds directly from your HELOC

to your Bank of America deposit accounts

• Convert all or a portion of your outstanding

variable-rate HELOC balance to a ﬁxed rate

with the Fixed-Rate Loan Option

Considerations

• When you have a variable

interest rate on your HELOC,

the rate can change from

month to month

• Payments may change based

on your balance and interest

rate ﬂuctuations, and may also

change if you make additional

principal payments

Home equity line of credit

Next >

PLATINUM HONORS

$100K TO <$1MM

three-month combined

average daily balance

DIAMOND

$1MM to <$10MM

three-month combined

average daily balance

DIAMOND HONORS

$10MM+

three-month combined

average daily balance

Home Equity Line of Credit

interest rate discount

0.375% 0.625% 0.750%

Plus, take advantage of HELOC discounts with Bank of America Preferred Rewards.

Mortgage terms Monthly payment Unique ﬁnancing Equity

Fixed-rate

mortgage

Adjustable-

rate

mortgage

Interest

only

Principal

& interest

Help family

member

Medical

professional

Customized

solutions

Cash

recapture

Home

equity line

of credit

All Bank of America home ﬁnancing solutions

The interest rate and total monthly payment of principal and interest remain the same for the life of the loan with ﬁxed-

rate mortgages.

Fixed-rate mortgages

Adjustable-rate mortgages The interest rate may change periodically depending on changes in the corresponding ﬁnancial index associated with the loan.

Interest-only mortgage

Option to pay interest for a period of time. With a variable rate, monthly payments may change depending the ﬁnancial index

associated with the loan.

A 100% home ﬁnancing program that allows you to pledge eligible securities instead of liquidating your assets to make a

cash down payment. Help an eligible family member pursue his or her homeownership goals by pledging your assets for the

ﬁnancing of up to 100% of a primary residence.

Mortgage 100® and Parent

Power® programs

9,10

Bank of America®

Doctor Loan

Ideal for eligible medical professionals (or those who have accepted a new position or residency), but still have student loan debt.

Custom residential

real estate solutions

Personalized ﬁnancing based on your liquidity, cash ﬂow and assets — while also factoring in your tax-eﬃciency goals.

If you want the ﬂexibility and strength of buying a home with cash, then recapturing most of that cash through a cash

recapture mortgage during the ﬁrst 180 days aer your purchase.

Delayed ﬁnancing

Home equity line of credit

A ﬂexible, low-rate way to access funds from a portion of your available home equity to help pay for the things that are most

important to you.

Next >

To learn more, talk to your

Merrill advisor about the

role a Bank of America®

home financing solution

can play in helping you

pursue your financial goals.

Conforming versus non-conforming loans

A non-conforming or jumbo loan is a mortgage that exceeds the general conforming loan limit of $766,550 within the continental United States.

Expanded conforming loan limits up to $1,149,825 are available in federally designated high-cost areas within these states. The general conforming loan

limit for Alaska and Hawaii is $1,149,825, but actual loan limits may be higher in some speciﬁc locations.

You are invited to apply. Your receipt of this material does not mean you have been pre-qualiﬁed or pre-approved for any product or service oﬀered by Bank of America. This is not a commitment to lend; you must submit additional information for

review and approval. If you are reﬁnancing to lower your monthly payment or change from a variable-rate to a ﬁxed-rate loan, you should carefully consider the potential increase in the total number of monthly payments and/or the total interest

charges paid over the full term of the new reﬁnance loan — especially for borrowers who currently have loan terms less than 30 years.

Preferred Rewards Program Eligibility. You can enroll, and maintain your membership, in the Bank of America Preferred Rewards® program if you have an active, eligible personal checking account with Bank of America® and maintain the balance

required for one of the balance tiers. The balance tiers are $20,000 for the Gold tier, $50,000 for the Platinum tier, $100,000 for the Platinum Honors tier, $1,000,000 for the Diamond tier and $10,000,000 for the Diamond Honors tier. Balances

include your combined, qualifying Bank of America deposit accounts (such as checking, savings, certiﬁcate of deposit) and/or your Merrill investment accounts (such as Cash Management Accounts, 529 Plans). You can satisfy the combined balance

requirement for enrollment with either:

1. a three-month combined average daily balance in your qualifying deposit and investment accounts, or

2. a current combined balance, provided that you enroll at the time you open your ﬁrst eligible personal checking account and satisfy the balance requirement at the end of at least one day within 30 days of opening that account.

Refer to your Personal Schedule of Fees for details on accounts that qualify towards the combined balance calculation and receive program beneﬁts, available at bankofamerica.com/fees. Eligibility to enroll is generally available three or more

business days after the end of the calendar month in which y

ou satisfy the requirements. Beneﬁts become eﬀective within 30 days of your enrollment, or for new accounts within 30 days of account opening, unless we indicate otherwise. Bank

of America Private Bank clients qualify to enroll in the Diamond tier regardless of balance, and may qualify for the Diamond Honors tier based on their qualifying Bank of America, Merrill and Private Bank balances. Certain beneﬁts are also available

without enrolling in Preferred Rewards if you satisfy balance and other requirements. For details on Bank of America employee qualiﬁcation requirements, please call Employee Financial Services or refer to the Bank of America intranet site.

Employees of companies participating in the Bank of America Employee Banking and Investing Program may be eligible to participate on customized terms. Refer to go.bofa.com/cebi-faq for details. 0823PR.PROGRULES.CV.DD.0823

The origination fee reduction and/or interest rate reductions are oﬀered to clients who are enrolled or are eligible to enroll in Preferred Rewards, based on their rewards tier at the submittal of a mortgage loan application to Bank of America, N.A. for a new

purchase or reﬁnance loan (for co-borrowers, at least one applicant must be enrolled or eligible to enroll). The rewards tier is not subject to adjustment after the application is submitted. The origination fee reduction ($200 for Gold tier, $400 for Platinum

tier and $600 for Platinum Honors tier) will not exceed the amount of the Lender Origination Fee. In order to receive the full Diamond and Diamond Honors interest rate reduction (0.25% for Diamond tier and 0.375% for Diamond Honors tier) the client

must be approved for an eligible loan and enroll in PayPlan, our automatic payment service, designating an eligible Bank of America checking or savings account. To allow us to apply and disclose the interest rate reduction and close the loan timely, we

encourage Diamond and Diamond Honors tier clients to enroll in PayPlan as soon as possible and prior to the expected loan closing date. PayPlan is not available on VA and FHA products and Diamond and Diamond Honors tier clients closing loans without

PayPlan enrollment receive a 0.125% interest rate reduction beneﬁt. For adjustable rate mortgages (except PrimeFirst®), the discounts are applied to the interest rate only during the initial ﬁxed-rate period. For PrimeFirst® adjustable rate mortgages, the

discount is applied to the margin and cannot reduce the margin below 0%. Some Preferred Rewards beneﬁts cannot be combined with other oﬀers. All mortgage interest rate reduction oﬀers may be subject to a maximum interest rate reduction limit. For

further details, refer to the Preferred Rewards section of the Personal Schedule of Fees. Preferred Rewards beneﬁts are non-transferable and are not available with Custom Residential Real Estate ﬁnancing.

How this “transferred balance” rate reduction works: (1) have or open a new personal Bank of America checking account, (2) after you apply for an eligible Bank of America mortgage, transfer $250,000-$999,999 (0.125% rate reduction), or

$1,000,000-$2,999,999 (0.250% rate reduction), or $3,000,000 or more (0.375% rate reduction) (“New Balance(s)”) from another ﬁnancial institution into one or more qualifying personal Bank of America account(s), Bank of America Private Bank

account(s), or Merrill investment account(s), (3) receive our ﬁnal loan approval and (4) close a mortgage loan in ﬁrst lien position with Bank of America. One transferred balance rate reduction per loan. Relationship pricing is limited to a maximum

0.375% interest rate reduction. Eligible transferred balances must be transferred and receipt veriﬁed by Bank of America prior to loan closing. These beneﬁts are not available on custom residential real estate solutions.

Information you’ll need to provide: (1) two months of the most recent statements or most recent quarterly statement from the transfer account(s), including current balance, (2) a deposit or transfer receipt from Bank of America, Bank of America

Private Bank or Merrill.

Additional information and requirements: Interest rate reductions are not available on FHA or VA loans, conforming loan investment properties or custom residential real estate solutions. Bank of America may modify or terminate this oﬀer at any

time without notice. This beneﬁt is non-transferable. New Balances must be transferred after the mortgage application date and must be in excess of any down payment or settlement charges you will be paying from a Bank of America, Bank of

America Private Bank or Merrill account. Settlement charges include costs you will be paying on or before closing for the mortgage loan transaction. New Balances can be transferred from personal checking, savings, Certiﬁcates of Deposit (CDs)

or brokerage accounts at a ﬁnancial institution other than Bank of America, Merrill or Bank of America Private Bank. Borrowed or gifted funds, such as from a Home Equity Line of Credit or other line of credit, do not count toward the New Balance

transfer requirement. The New Balances must be transferred to a qualifying personal account, which includes: Bank of America personal checking, savings, CDs, and personal Merrill or Bank of America Private Bank accounts. Only personal accounts

on which you are an Owner or Co-Owner count toward your transferred balances. New Balances transferred to business banking accounts are not eligible. To be eligible for this reduction, you must have, or open prior to completion of New Balance

transfers, a personal Bank of America checking account. The pre-closing disclosures we provide you may not reﬂect the reduced interest rate. Your credit and property must satisfy our underwriting conditions and receive ﬁnal loan approval. New

Balance Transfers will be veriﬁed no fewer than 10 calendar days prior to your estimated closing date. If all the eligibility criteria are met, we will apply the interest rate reduction and the lower interest rate will be reﬂected on your mortgage Note

and other closing documents. New Balances transferred less than 10 calendar days before the anticipated mortgage closing date may delay your actual mortgage closing date if you desire to take advantage of the reduced interest rate oﬀer. If you

are already eligible to receive the maximum 0.375% interest rate reduction, there would not be an additional reduction beneﬁt to transferring funds as described in this oﬀer. If you are already eligible to receive a 0.125% interest rate reduction, then

the maximum beneﬁt you could receive, regardless of whether you transferred more than $3,000,000 as described in this oﬀer, is an additional 0.250% interest rate reduction, resulting in meeting the maximum 0.375% interest rate reduction cap.

Additional documentation may be required, such as additional account statements or other documentation, explaining the source of transferred funds. When transferring new balances, carefully consider your ability to qualify for the loan, and any

associated fees, penalties, taxes, or costs associated with funds withdrawal.

This service may not be available for certain loan types and/or depending on the status of your loan. This service will also be subject to your agreement to certain terms and conditions you can review before signing up. A Bank of America checking or

savings account is not required when enrolling online. There is no fee for enrolling in PayPlan online.

Some loans oﬀered by Bank of America have a payment option that allows you to pay only the interest on the money you borrow for the ﬁrst 10 years of the loan. If you pay only interest,

you will still owe the original amount borrowed at the end of the 10-year period, and your monthly payment will signiﬁcantly increase because you must pay back the principal as well as

interest. Ask about your payments after the end of the interest-only period and carefully consider the possibility of “payment shock.” If you are considering an adjustable-rate mortgage,

ask about your payments if interest rates increase. Loans with an interest-only payment option may require a lower loan-to-value ratio, other restrictions apply. Ask for details.

PrimeFirst® applicant(s) must have a minimum of $500,000 eligible gross post-close liquid assets at mortgage application and must maintain this asset level through closing. Assets may be with any ﬁnancial institution. Calculation of gross post-

close liquid assets does not include down payment, funds required to close, certain debts and other items, ask for details. Applicant must provide documentation evidencing minimum reserves; for primary residences, loans up to $2 million require

minimum reserves of 20 months, loans over $2 million require minimum reserves of 24 months (principal, interest, taxes, homeowners/hazard insurance and homeowner’s association fees/dues/special assessments) related to subject loan/

property. Other requirements apply.

Please consult your tax advisor regarding interest deductibility.

Mortgage 100® and Parent Power® programs require the pledge of eligible diverse securities owned by an individual and maintained in a Merrill Lynch, Pierce, Fenner & Smith Incorporated (Member, Securities Investor Protection Corporation [SIPC])

brokerage account. These programs may not be suitable for everyone, and a default on your mortgage could result in the loss of both your home and the securities pledged. Should the value of the securities pledged as collateral decrease below a

certain level (as speciﬁed within the loan documents), the deposit of additional assets and/or liquidation of assets may be required. Merrill Lynch may liquidate some or all of the securities in the account without contacting you. You are not entitled

to an extension of time to meet a collateral call or choose which securities in your account are sold to meet the collateral call. Liquidation may result in adverse tax consequences. Mortgage interest may not be deductible if exempt obligations are

pledged as additional collateral; consult your tax advisor. Trading within the brokerage account for the 100% ﬁnancing programs is subject to restrictions.

The Parent Power® program is not limited to parents who want to help their children with home ﬁnancing. The applicant’s parent, child, dependent or any other individual related to the applicant by blood, marriage, adoption or legal guardianship or

from a domestic partner, ﬁancé or ﬁancée can pledge securities.

An applicant must have, or open prior to closing, a checking or savings account with Bank of America. Applicants with an existing account with Merrill or Bank of America Private Bank prior to application also satisfy this requirement. Eligible medical

professionals include: (1) medical doctors who are actively practicing, (MD, DDS, DMD, OD, DPM, DO), (2) medical fellows and residents who are currently employed, in residency/fellowship, or (3) applicants who are medical students or doctors

and are about to begin their new employment/residency or fellowship within 90 days of closing. Those employed in research or as professors are not eligible. For qualiﬁed borrowers with excellent credit. PITIA (Principal, Interest, Taxes, Insurance,

Assessments) reserves of 4-12 months are required, depending on loan amount.

If applicant’s employment does not commence until after closing, in addition to the minimum cash reserves required, sufﬁcient reserves to handle all debt obligations between closing and employment start date up to an additional 90 days must

be veriﬁed. Additional documentation is required. Minimum down payment requirements vary by property type and location; ask for details.

Additional documentation is required.

be veriﬁed.

Borrower-paid attorney fees apply. Minimum borrower liquidity of $3,000,000 or $5,000,000 net worth (including primary residence), and $1,000,000 post-closing liquidity. Other restrictions apply, ask for details. Custom residential real estate

ﬁnancing may involve special risks and is not suitable for everyone. Please obtain advice from your third-party legal, tax, insurance and accounting advisors before changing or implementing any ﬁnancial, tax or estate planning strategy and to

determine what custom residential real estate solution might be right for you.

Merrill Lynch, Pierce, Fenner & Smith Inc., does not make commitments for or fund loans. Bank of America, N.A., (the “Bank”) does not serve in a ﬁduciary capacity with respect to all products or services. Fiduciary standards or ﬁduciary duties do not

apply

, for example, when the Bank is oﬀering or providing credit solutions, banking or custody services or referrals to other afﬁliates of the Bank.

Merrill, its afﬁliates, and ﬁnancial advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any ﬁnancial decisions.

How the rate reductions work: The 0.25% rate reduction requires existing qualifying balances, or new qualifying balances, or a combination of existing and new qualifying balances of $3,000,000–$9,999,999 among Custom mortgage borrowers

and/or guarantors on the mortgage. The 0.375% rate reduction requires existing qualifying balances, or new qualifying balances, or a combination of existing and new qualifying balances of $10,000,000 or more among Custom mortgage borrowers

and/or guarantors on the mortgage. At least one borrower or guarantor must open or have a personal Bank of America checking account prior to loan closing. Relationship pricing is limited to a maximum 0.375% interest rate reduction regardless if

you are eligible to receive a separate rate reduction from Bank of America.

Additional information 0.25% rate reduction: To be eligible for a rate reduction, borrower(s) must (1) have a veriﬁed combined qualifying balance of $3,000,000–$9,999,999 in existing qualifying personal Bank of America deposit account(s) and/or

qualifying Mer

rill investment account(s) and/or Bank of America Private Bank account(s) with veriﬁcation of existing balances at time of application, or (2) after borrower(s) apply for a Custom mortgage loan, transfer qualifying balances from another

ﬁnancial institution into one or more qualifying personal Bank of America account(s), Bank of America Private Bank account(s), or Merrill investment account(s) with veriﬁcation of existing balances at least ten calendar days prior to the anticipated

closing date, and (3) close a Custom mortgage loan in ﬁrst lien position with Bank of America. Qualifying transferred balances must be transferred and receipt veriﬁed by Bank of America prior to loan closing. Not all borrowers or accounts will qualify.

Additional information 0.375% rate reduction: To be eligible for a rate reduction, borrower(s) must (1) have a veriﬁed combined qualifying balance of at least $10,000,000 in existing qualifying personal Bank of America deposit account(s) and/or

qualifying Mer

The net amount of new balances must be in excess of any settlement charges you’ll be paying from your accounts with us. Examples of settlement charges include a down payment on a purchase mortgage and costs you will be paying on or

bef

ore closing. New balances must be transferred from personal deposit or investment accounts at a ﬁnancial institution other than Bank of America, Merrill or Bank of America Private Bank. Business, gifted or borrowed funds, such as funds from a

business account, Home Equity Line of Credit, Loan Management Account® or other securities-based lending accounts do not count towards the balance requirement.

For new or existing qualifying balances you must be the account owner or co-owner of the qualifying personal Bank of America account(s), Bank of America Private Bank account(s), or Merrill investment account(s). The pre-closing disclosures

e provide you may not reﬂect the reduced interest rate. If all the eligibility criteria are met, we will apply the interest rate reduction and the lower interest rate will be reﬂected on your mortgage Note and other closing documents. Notiﬁcation

of completed transfers less than 10 calendar days prior to the closing date jeopardizes closing your loan on time with the expected discount and may require you to make a choice of either closing on time (without the discount) or delaying your

closing to give us time to verify the transfer and apply the discount. Additional documentation may be required, such as additional account statements or other documentation, explaining the source of transferred funds. When transferring new

balances, carefully consider any associated fees, penalties, taxes, or costs associated with funds withdrawal. Bank of America may modify or terminate this oﬀer at any time without notice. This beneﬁt is non-transferable.

Completed loan application (subsequent to a cash purchase) must be dated no later than 180 days after the settlement, funding, or disbursement date related to the purchase, whichever is later. Not available on all loan programs. Other restrictions apply.

The relative beneﬁts of a loan for debt consolidation depend on your individual circumstances. For example, you may realize interest payment savings by making monthly payments towards the new, lower interest rate loan in an amount equal to or

greater than what was previously paid towards the higher rate debt(s) being consolidated.

The following discounts are available on a new home equity line of credit (HELOC): (1) an “auto pay” discount of 0.25% for setting up automatic payment (at or prior to HELOC account opening) and maintaining such automatic payments from an

eligible Bank of America deposit account; (2) an “initial draw” discount of 0.10% for every $10,000 initially withdrawn at account opening (up to 1.50% for initial draws of $150,000 or more); This initial draw minimum balance must be maintained

for at least the ﬁrst 3 billing cycles (less any required principal payments); (3) a 0.125% to 0.75% discount for being enrolled or eligible to enroll in the Preferred Rewards program, based on combined qualifying balances at the time of HELOC

application; and (4) a 0.25% discount for HELOCs in ﬁrst lien position at account opening.

Fixed-Rate Loan Option at account opening: You may convert a withdrawal from your home equity line of credit (HELOC) account into a Fixed-Rate Loan Option, resulting in ﬁxed monthly payments at a ﬁxed interest rate. The minimum HELOC

amount that can be converted at account opening into a Fixed-Rate Loan Option is $5,000 and the maximum amount that can be converted is limited to 90% of the maximum line amount. The minimum loan term is 1 year, and the maximum term

will not exceed the account maturity date.

Fixed-Rate Loan Option during loan term: You may convert all or a portion of your outstanding HELOC variable-rate balance to a Fixed-Rate Loan Option, resulting in ﬁxed monthly payments at a ﬁxed interest rate. The minimum outstanding

balance that can be conv

erted into a Fixed-Rate Loan Option is $5,000 from an existing HELOC account. The minimum loan term is 1 year, and the maximum term will not exceed the account maturity date. No more than three Fixed-Rate Loan

Options may be open at one time. Rates for the Fixed-Rate Loan Option are typically higher than variable rates on the HELOC.

Home Equity Line of Credit (HELOC) interest rate discounts are oﬀered to clients who are enrolled or are eligible to enroll in Preferred Rewards, based on their rewards tier at the submittal of home equity application (for co-borrowers, at least one

applicant must be enrolled or eligible to enroll). Amount of discount (0.125% for Gold tier, 0.250% for Platinum tier, 0.375% for Platinum Honors tier, 0.625% for Diamond tier and 0.750% for Diamond Honors tier) is based on the rewards tier at

the submittal of home equity application and is not subject to adjustment after the application is submitted. For further details, refer to the Preferred Rewards section of the Personal Schedule of Fees, available at bankofamerica.com/fees. Beneﬁt

is non-transferable. Preferred Rewards home equity beneﬁt can be combined with certain other home equity interest rate discounts.

Custom residential real estate specialists are from Bank of America, N.A. All residential mortgage programs are oﬀered and funded by Bank of America, National Association. NMLS ID 399802. Residential mortgage programs, options and property

types are not available in all states, and jurisdictions and are subject to change without notice. Additional terms, conditions, restrictions and costs may apply. Bank of America Corporation, its subsidiaries and their employees may receive

compensation for its products and services.

Credit facilities are provided by Bank of America, N.A., Member FDIC, its subsidiaries or other bank subsidiaries of Bank of America Corporation, each an Equal Opportunity Lender. All loans and collateral are subject to credit approval and may require

the ﬁling of ﬁnancial statements or other lien notices in public records. Asset-based ﬁnancing inv

olves special risks and is not for everyone. When considering an asset-based loan, consideration should be given to individual requirements, asset

portfolio composition and risk tolerance, as well as capital gains, portfolio performance and expectations, and investment time horizon. A complete description of the loan terms will be found in the individual credit facility documentation and

agreements. Clients should consult with their independent tax and legal advisors.

Merrill Lynch, Pierce, Fenner & Smith Inc., does not make commitments for fund loans. Bank of America, N.A., (the “Bank”) does not serve in a ﬁduciary capacity with respect to all products or services. Fiduciary standards or ﬁduciary duties do not

apply

, for example, when the Bank is oﬀering or providing credit solutions, banking or custody services or referrals to other afﬁliates of the Bank.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, 4 World Financial Center, New York, NY 10080, toll-free telephone: 800.338.2814, Member, Securities Investor Protection Corporation (SIPC), does not make commitments for or fund loans.

Banking, mortgage and home equity products are provided by Bank of America, N.A., and afﬁliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Equal Housing Lender. Credit and collateral are subject to

approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.

Merrill, the Bull Symbol, Cash Management Account, Merrill Lynch Wealth Management, Bank of America Preferred Rewards, and Bank of America are registered trademarks of Bank of America Corporation.

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