SHM July 13, 2005 The comparison rate, or true rate, a consumer tool for comparing the cost of loans, is under review after just a few years. Special interest groups are pushing hard to have the legislation either changed or abolished, depending on their stake in the mortgage industry. Andrew Willink, says: “We developed an… Continue reading True enough
Tag: Comparison Rate
Comparing super is no picnic
SMH August 9, 2003 Australia’s banks have proven themselves to be world beaters in dreaming up new fees and charges. Faced with tightening margins on their profitable mortgage business in the 1990s, the banks responded admirably by dreaming up ways to boost revenue. Just look at the range of fees that can be charged on… Continue reading Comparing super is no picnic
Home buyers to be told true costs
SHM April 19, 2002 – Home lenders touting rock-bottom honeymoon interest rate deals will be forced to providemore information about the real cost of the loan after legislation changing credit regulationswas passed last night.The alterations to the Uniform Consumer Credit Code – which regulates lending activities ineach state – will require banks and other lenders… Continue reading Home buyers to be told true costs