Best Mortgage Rates Available in California – How Can You Get a Low Rate?

Posted on | January 26, 2010 | No Comments

Many homeowners in California are looking for the best mortgage rates available.  Unfortunately, many of these same homeowners have a very bad credit score and little equity in their homes.  With this being the case you can expect a mortgage rate that is much higher than the current advertised rates around 4.9%.  The only way you will have access to these low mortgage interest rates is to improve your credit score and increase the equity in your home.


When it comes to getting a California Bad Credit Mortgage PickedPocket has come great advice:  ”Right now, there are numerous lenders to check with. Lenders such as Bank of America, Citigroup, and Wells Fargo are all banks that offer mortgage products. Other suggestions would be to check with local banks and credit unions. Often they have rates that are just as good. Finally, shopping for a mortgage is never complete without doing thorough research on the internet.”

The exposure that Bank of America now has in California makes them a huge player when it comes to West Coast mortgage lenders.  After gobbling up Countrywide, Bank of America is now a “go to” lender for those who are looking for low mortgage interest rates in California.  Make sure to broaden your horizons and check with several mortgage lenders before deciding to sign on the dotted line.

Author: Jesse Wojdylo

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