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Mortgage rates ~confused!
Comments
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To do a like for like comparison
You need to add the fees and make the monthly payments the same.
then look at the end amount owing over period you are looking at.0 -
The regulations say that all credit products must quote an APR for comparative purposes. The fact that APR on mortgages is close to being pointless doesn't seems to deter them!
Some comparison sites I think do offer a "total amount payable" over the iniital rate period - this is probably the closest thing you will get to the right column to sort by.
Luckily this is why people like me have jobs
I am a Mortgage Adviser -You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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