These interest rates are a sampling of California lending rates. Rates are constantly fluctuating so it is important to obtain a customized quote from Redwood Realty for your specific loan when you are ready to lock to ensure the rate and pricing you are to receive.

The base interest rate you will pay on your loan is the fee the lender charges to loan you money. APR or annual percentage rate takes into consideration your rate plus any fees that are charged for your loan including application fees, lender fees and closing costs.

There are some important factors that go into deciding your interest rate including the amount of the loan you have applied for as well as the term of the loan. In addition, borrowers with less than perfect credit will nearly always pay slightly higher interest rates than those with perfect credit.

Remember, if you are interested in buying a home or refinancing your existing mortgage, you can lock in an interest rate today. The sooner you lock your rate in, the more likely you are to be able to take advantage of the currently low prevailing rates. For additional information and a free, no obligation loan quote, contact Redwood Realty today. Our goal is to ensure that you get the lowest possible rate available for your mortgage.