Interest Rates Explained
When you’ve found the perfect home to purchase, or the perfect block of land to build on and it’s time to organise a home loan, your mortgage broker will start talking to you about interest rates and which home loan gives you the best rate. If you’ve never held a mortgage before, it might initially feel confusing to be talking about rates and percentages, so we’ve got a quick break down of interest rates, what they are, and how they impact your mortgage over time.