Merrill Lynch offers loans for people who want to purchase or refinance a home or access available equity in their homes, according to its website. The company's home financing solutions include the PrimeFirst adjustable rate mortgage, construction-to-permanent financing, fixed-rate mortgages and term adjustable rate mortgages.
Merrill Lynch's PrimeFirst adjustable rate mortgage program has lower starting rates compared to fixed-rate mortgages and lets clients take advantage of interest-only payments during an initial period, as the company explains. The company offers a construction loan that is converted to permanent financing. A fixed-rate mortgage is also available for people who aim to choose their own loan terms and maintain regular mortgage payments during the loan period.