What Are Comparison Rates

August 5, 2022 ⚊ 1 Min read ⚊ Views 118 ⚊ BUSINESS

Pointer Finance: To make finding the right loan easier, and to make advertised rates as transparent as possible, there are comparison rates. You’re looking for the best mortgage deal and you see an advertisement. ‘3.64% INTEREST!’ and, underneath that seemingly too-good-to-be-true rate, ‘4.35% comparison rate’. What does this mean?

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Tags: Borrowing Power, Comparison Rates, Pointer Finance

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