For most of us, the experience of buying a home can be a little confusing at first. There are so many concepts to wrap your head around – comparison rates being one of the most important.
Meet the comparison rate
So, what is an advertised rate then?
What is mortgage refinancing?
DISCLAIMER: This article contains general information only, and is not general advice or personal advice. Wisr Services does not recommend any product or service discussed in this article. You must get your own financial, taxation, or legal advice, and understand any risks before considering whether a product or service discussed in this article may be appropriate for you. We have taken reasonable efforts to ensure that the information is accurate at the time of publishing, but the information is subject to change. We may not update the article to reflect any change.
*The comparison rate is based on a loan amount of $150,000, over a 25 year term. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Terms, conditions, fees and charges apply and your full financial situation would need to be reviewed prior to acceptance of any offer or product. Fees included in the comparison rate include: Application Fee, Settlement Fee, Estimated Solicitor Document Preparation Fee, Estimated Valuation Fees, Discharge Fee, Annual Fee if applicable and Offset Fee if applicable.
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