So what is a Comparison Rate? A comparison rate is a tool to help consumers identify the true cost of a loan. It factors in the interest rate, fees and charges and displays a single percentage rate that can be used to compare various loans from different lenders. From 1 July 2003, the Australian Government made it mandatory to display a comparison rate for any advertisement of a credit rate - incl... Read more
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Thirty years. Thats the length of the average Australian home loan. Sounds like a lifetime doesnt it? If youd like to shave five or more years off the life of your home loan, put these tips into action. Marry your mortgage to your income Match your repayments to your income. If youre paid fortnightly, make your repayment fortnightly. This helps chip away at the interest, saving you money... Read more
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*The comparison rates above are for secured home loan products of the lenders as shown, based on a loan amount of $150,000 and a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
**Please note that any Special Offer is dependent on your personal and financial circumstances; is not an offer of credit (you will need to apply for the loan and be approved); is not guaranteed by the lender or Tomorrow Finance; and cannot be used in conjunction with any other offer.