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"none of the banks knew what we were talking about"

When we first wanted to invest in a way that suited our personal financial situation, none of the banks knew what we were talking about! Accord Mortgage Brokers knew exactly what we needed and found the right lender for us, and at a low interest rate! Johns knowledge of the different products was great. He did a good job dealing with the lender to push things along quickly. We were so happy with the service, we used them twice!
Lucy and Peter Sutherland Shire, NSW

 
"the continue after sales service is truly unexpected "

We would just like to write a quick letter to let you know how happy we are with the service that John Fisher has provided us. We have refinanced our home loan a number of times with Mr Fisher and on all occasions the knowledge and integrity he shows is up to the most professional standard you would desire. The way he handled our loans so fast and got the results that we required we were over the moon every time. Once more the continue after sales service is truly unexpected but very appreciated. He keeps us informed with whats going on in the market and we would recommened Mr Fisher to anyone who is looking for a new loan without hesitation. We sure will be using him again we need no one else to handle our home loan affairs ever again.
Jamie & Shondel Dapto, NSW

 


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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.
Formula For Comparison Rate

 

 

 

 

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.

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