What is a Comparison Rate?

September 23, 2017
Bob Korver

Mortgage Choice –Eight Mile Plains Info series

 

JARGON EXPLAINED!

 

COMPARISON RATE

 

This indicates the total cost in percentage terms to a borrower. It includes not only the interest rate but also the effect of any fees and charges expressed as an overall percentage rate.

 

For more information contact Bob Korver on 0408 050 378 or Vicky Bleathman on 0403 152 390 from Mortgage Choice – Eight Mile Plains or visit https://www.mortgagechoice.com.au/bob.korver

 

 

Important information

This article is for general information purposes only. It has been prepared without considering your objectives, financial situation or needs. You should, before acting on the advice, consider its appropriateness to your circumstances.

 

Posted in: Home loans

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