| What is a variable interest rate loan ? |
| If interest rates rise and fall, the borrowers home loan rate will rise or fall accordingly |
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| Explain interest rates to me |
| Interest rates are usually expressed as an annual percentage and may vary according to profile, amount borrowed and loan to value. Due to the complexity of the various fixed and other interest rate options, we recommend that an experienced MortgageSA property finance consultant call you to assist you in deciding the most appropriate interest rate option to suit your individual needs. |
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| What is an interest rate concession ? |
| A rate concession is a reduction off the current prime base rate. The interest rate concessions arrived at through the use of MortgageSA's tools and calculators are guidelines only and could be improved upon by formal submission to our lenders by one of our experienced property finance consultants. |
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