When looking into your Countrywide home loan, there are some industry jargon with which you should probably make yourself familiar. There are really two kinds of Countrywide home loan: a fixed or variable rate loan. ... To get the best mortgage rate, it's always a good idea to shop around. A mortgage is just like any other product and its price and terms may be negotiable. When shopping for the best mortgage rate, it is most likely that a comparison of costs is involved. Looking for the best mortgage rate may save you thousands of dollars.