El Dorado Hills Ca Mortgage Rates

Mortgage refinance rates El Dorado Hills Ca

Conventional Fixed-Rate Mortgages	Rate	APR
30-Year Fixed (conforming)	3.875%	3.946%
20-Year Fixed (conforming)	3.625%	3.723%
15-Year Fixed (conforming)	3.250%	3.374%
10-Year Fixed (conforming)	3.250%	3.430%

Affordable payment can help you shop through a variety of lenders, banks, mortgage brokers and providing you custom rates without any of these banks, lenders, brokers. You do not have to give out your personal information to any of these brokers or lenders. Get qualified for the lowest mortgage Ca and right program and excellent support from Affordable payment.

In this Article we shall focus on answering some common queries of El Dorado CA mortgage borrowers:

What is an APR and how does it affect my mortgage?

There are many articles on APR and none that simplifies the understanding of the borrower. Hopefully this will help borrowers understand. Mr A is a manufacturer of laptop. His price for a laptop is $ 1000. His profit is $ 500. That is because he gets the laptop designed in China and assembles them in US.  Mr B is another Laptop Manufacturer who sells the laptop at $ 1000. His profit margin is $ 200 as he designs and assembles the laptop in US. Mr C is another Laptop manufacturer who sells the laptop for $ 800 and his profit margin is $ 600. That is because he designs and assembles everything in Taiwan and sells in the US.

APR is called Annual Percentage Rate. Name is very fancy. What that means is that APR tells how much money the bank or the lender or the credit card company is making out of borrowers pocket.

Now in our example. Lets take the real world situation. The manufacturer tells you the price and quality and features of his product and lets the borrower shop around and arrive at his own conclusion. 

Have you ever come across any store keeper or shop keeper who will tell you how much money is he making out of you. That is common sense because no one wants to reveal his business secrets. Whether a manufacturer is making goods in Taiwan or China or here in US that is for the borrowers to decide in terms of quality and price.

When it comes to mortgage. If the borrower is looking for lowest monthly payment. The borrower should not be looking at APR instead he should be looking at who is getting him the lowest payment.

If the borrower however wants to compare prices of different lenders, then he should be looking at APR and make a comparison as to who is offering better.

Call El Dorado CA expert below to get you the lowest mortgage rate on your refinance.

For more information visit www.affordable-payment.com or call 323-705-3191 if you are a California Mortgage borrower.

Artical by Roger Shanker