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  • Variable Rate Vs Fixed Rate Loan

    • 05/04/2018
    • Posted by: Nick Lucey
    • Category: Finance & accounting, Financial Planning, loans, money, Mortgage Broking, Uncategorized
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    Variable Rate Vs Fixed Rate Variable rate home loans are Australia’s most popular type of home loan. The interest rate can vary throughout the term of the loan, going up or down, in accordance with prevailing economic conditions. Variable rate home loans offer interest rates defined by the Australian industry cash rate. When interest rates

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  • What is a comparison rate?

    • 05/04/2018
    • Posted by: Nick Lucey
    • Category: Finance & accounting, Financial Planning, Investments, loans, money, Mortgage Broking
    No Comments

    Comparison Rate MoneySmart defines a comparison rate as: ‘A rate that helps you work out the true cost of a loan. It includes the interest rate, and most fees and charges relating to a loan, reduced to a single percentage figure’. It can be difficult for consumers to compare home loans that have different interest

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