Comparison rates explained
When you’re buying a home, there are new decisions, considerations and jargon to decipher. Even interest rates can be confusing – with a ‘comparison rate’ being shown beside the advertised rate.
What is a comparison rate?
When home loan interest rates are displayed, a comparison rate is also shown alongside it. A comparison rate helps you compare the costs of different home loans. They take into account not only the interest you will be charged, but also known fees and charges relating to the home loan.Read More