Mortgage News

Problems understanding the jargon

Monday 20th of March 2006
One of the major findings of the ANZ-Retirement Commission Financial Knowledge Survey was that understanding home loans was a weak area of financial knowledge, even among some of those who have current mortgages.

Twenty-five percent of mortgage holders were not aware that increasing the frequency of repayments from monthly to fortnightly would minimise interest.

A third of mortgage...

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