What is a home loan interest rate?

It’s the cost of borrowing money. There's a lot of information out there on interest rates, but it can be hard to understand. This article will help you get the low down on the types of interest rates and how they are calculated.

Wondering about comparison rates? They exist as a way to more easily compare home loan products between lenders. Comparison rates consider the extra fees associated with the home loan over its lifetime and factor those costs into your interest rate.