You applied for a loan at the same time as your best friend, Linda. Over a second glass of chardonnay, Linda revealed she got a better rate on her loan than you did. Before a perfectly good glass of chardonnay gets ruined, allow us to explain. There’s a wide range of factors that go into determining the type of loan you get and the rate you get it at. Market conditions, credit history and your property characteristics all come into play when we set off to find the best possible rates and loan options for you. So yes, Linda may have gotten a better rate. All the more reason to drink her chardonnay.