[Willie M]

..."30-Year" mortgage on a small $28,500 Loan for a Condo? My reasoning behind getting a 30-yr loan is because my current apt lease won't be over until NOV of this year and I want to be able to pay my rent WHILE taking on a small mortgage payment until then. After my apt lease is up I will pay around $650 per month towards the mortgage in order to pay the full amount off in no more than 5 years. I'm not going to actually spend 30 years paying off a $28,00 loan.I just Called BANK OF AMERICA ...they said they don't care what the loan amount is... they'll allow a 30-Year mortgage on $28,500...