Special Offers From Mr. Cooper

Sorry, there are no offers available at this time. Check back soon!

Rancho Cordova, CA Fixed Home Loan Rates

Check the latest interest rates for fixed-rate mortgages in Rancho Cordova, CA. Contact Mr. Cooper to learn more today.

Busy? Have us call you back. Call Me Back

More Information

What to Know About Fixed-Rate Loans in Rancho Cordova, CA

When researching home loans in Rancho Cordova, you'll run across some jargon you you may never have learned about. "Fixed-rate" could be one of those terms. As a company that's focused on making your path to homeownership clear and straightforward, Mr. Cooper is here to help simplify the steps, paperwork, and terminology that's related to buying a home!

What exactly is a fixed-rate loan? "Fixed-rate" means the interest rate on your mortgage doesn't change. An interest rate is an amount a lender charges for giving you money, and it's expressed as a percentage. Home loan interest rates can go up and down in the same day, so a fixed-rate loan helps you lock-in the security of a consistent rate. Fixed-rate loans often come with a 30-year term (length). Shorter terms are an option and usually include larger monthly payments but less total interest paid over the loan's lifetime. How do fixed-rate loans compare to other home loan options in Rancho Cordova?

Comparing Adjustable-Rate and Fixed-Rate Loans in Rancho Cordova, CA

It's a good idea to learn about all of your loan options in Rancho Cordova, including adjustable-rate loans. Unlike a fixed-rate loan, the interest rate on an adjustable-rate mortgage (ARM) may change based on national indexes. If you get an adjustable-rate loan, you can count on the rate to stay the same for a certain period of time (ex. 3, 5, or 10 years), then the rate will adjust at particular intervals. If the interest rate goes up after your fixed-rate period has ended, your monthly payments could go up too. Call a Mr. Cooper mortgage specialist. Ask about the protections of a fixed-rate loan. We'll help you balance the pros and cons of fixed-rate and adjustable-rate mortgages, and help you see the key factors in picking the one that is right for you, like how long you plan on living in the house, how large of a mortgage payment you qualify for, and if you could still pay for an ARM if interest rates went up, and where interest rates are headed.

Call Mr. Cooper for Fixed-Rate & Adjustable-Rate Loan Questions in Rancho Cordova

We've only brushed the surface of fixed-rate loans and adjustable-rate loans! Call a Mr. Cooper professional to check today's fixed-rate mortgage rates in California. Friendly people are here to guide you through the loan and homeownership process.

Mr. Cooper Reviews from Real Customers in Rancho Cordova, CA

Read real stories from real Mr. Cooper home mortgage customers in Rancho Cordova, CA. Then contact us to see what we can do for you.

Overall Rating

out of 5 stars ( customer reviews)

We see home loans differently. We see them through your eyes.

Let Mr. Cooper help you prequalify for a mortgage and get the keys to your dream home.