What is a Comparison Rate?
The latest in home loans news
What is the impact of taking a mortgage holiday?
Could taking a holiday from your home loan do more harm than good? What are the long-term financial consequences of putting a temporary freeze on your mortgage payments?
A comparison rate factors in not only the interest rate of a loan but also the majority of upfront and ongoing charges that add to the total cost. Because of this, the comparison rate is a more in-depth way of comparing mortgages than the advertised rate alone.