More than fourteen per cent of borrowers who have non-conforming loans are in arrears, a percentage that has stabilised over the last quarter. Total home loans .....
* WARNING: This Comparison Rate applies only to the example or examples given. Different ammounts and terms will result in different Comparison Rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included on the Comparison Rate but may influence the costs of the loan.
This Comparison Rate is designed to reflect the total annual cost to a borrower of a loan. It wraps up interest payments and fees and expresses all these costs in one rate, or the average annual percentage rate (AAPR). On the CreditMart website, it makes comparisons between products easier, the comparison rates displayed in tables are based on uniform amounts and terms.
Home loan Comparison Rates on CreditMart are based on a loan amount of $150,000 and a term of 25 years.
