What is a comparison rate and why is it different to the advertised rate?

12 September 2016

A comparison rate is the rate that all lenders by law must display next to their advertised interest rates. It’s a rate which takes into account some of the fees and charges of a home loan to give you a more accurate representation of a loan’s interest rate once the costs are taken into account.

A recent survey has revealed that the vast majority of homebuyers could be missing out on the best loans due to low levels of financial literacy.

Read on……..

 

 

apples

You may also like

Navigating recent market volatility – March 2025

Navigating recent market volatility – March 2025

As of 13 March 2025 In Summary Equity markets have retreated sharply from all-time highs as rapid-fire US tariff announcements have raised growth concerns and undermined the ‘American exceptionalism’ market narrative. Investors are increasingly concerned the Trump...

read more
Investment & Economic Snapshot February 2025

Investment & Economic Snapshot February 2025

As of February 2025 Summary  US tariff concerns continue to weigh on global investor sentiment. Softer US economic data and stable inflation have strengthened expectations for US rate cuts in 2025. In Australia, a solid earnings season and the first cash rate...

read more
Investment & Economic Snapshot January 2025

Investment & Economic Snapshot January 2025

As of Janaury 2025 Summary  Global and domestic equity markets rallied to record highs in January, fuelled by expectations of monetary policy easing and resilient economic data. However, markets experienced periods of volatility, with global bond yields spiking before...

read more