8: Hidden Expenses: Why the Lowest Interest Rate Isn't Always the Cheapest
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8: Hidden Expenses: Why the Lowest Interest Rate Isn't Always the Cheapest
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About this listen
In this episode, we explore the common misconception that the lowest interest rate equals the lowest cost mortgage. We uncover the impact of factors like the bona fide sales clause, lack of portability, and limited prepayment privileges, revealing how these can outweigh the initial savings of a discounted rate. Discover why it's crucial to look beyond the interest rate and consider the overall cost when choosing a mortgage.
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In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.