Finding the best mortgage rates in San Diego can be a time-consuming endeavor if you do it on your own. If you come to Park Place Funding, we will do all the comparison shopping for you. We have been in the wholesale mortgage brokerage business for many years, and we will put our expertise to work for you. Our working relationships that we have built through the years give us an edge with some of the best-known lenders across the nation.

Mortgage rates will differ according to the type of loan you choose. The loan with the greatest tax benefit is the 30-year fixed rate. This is the most common loan type for purchasing a home, and it is the easiest to qualify for. If the monthly payment is not an issue, you might consider the 15- or 20-year fixed rate mortgage. The payment is higher, but the interest is usually lower than the 30-year loan. The obvious benefit is in getting the home paid off much sooner.

If you plan to move again in a few years, you might want to consider an adjustable rate mortgage. The interest may be as much as three percentage points less than a fixed-rate mortgage for the initial term. You should consider the fact that, if you do not sell the home before the adjustment time occurs, you may be paying a much higher interest rate than if you chose a fixed-rate loan from the beginning.

At Park Place Funding, we can help you make the right decision about getting the best mortgage rates for your loan. Give us a call at 949-540-2300, and one of our loan officers will be glad to assist you. We will be glad to meet you in person, or we will assist you in filling out the online loan application.