:: Testimonials

"i'd had no luck with a couple of banks so i thought why not!"

On my way home thinking of how i was going to obtain some extra cash , i passed a little building with mortgage broker on the front , i'd had no luck with a couple of banks so i thought why not! . I opened the door to find a man sitting down with a big smile on his face by the name of JOHN FISHER . We sat down and i told john my financial posistion and what i needed, with that john set to work finding the best possible loan for me. Within a hour or so john had found a perfect loan for not only the extra money i needed but reconstructed my whole mortgage so i saved money and my repayments were less than before. JOHN FISHER is a very pleasant man who is very easy to talk to and go's out of his way to help you.
Richard & Liz Peakhurst, NSW

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:: Lenders

 

 

Comparison Rates

The comparison rate (CCR) legislation came into effect July 1, 2003. The new legislation is aimed at giving  borrowers a  percentage figure whereby they are able to compare one home loan to another.

The following formula enables the CCR to be calculated.

 

 

 

 

This formula factors in the interest rate, including any introductory rates, ascertainable lender fees,  the loan amount, term and repayment frequency to determine a single percentage figure.


The legislators want to give consumers a simple tool which can be used to compare one loan against another, however many experts have reserved their judgement as to how effective the new comparison rate will be in achieving this aim.