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"The personable service and willingness"

We are repeat customers of John Fisher and Accord Mortgage Broker, and with good reason. The personable service and willingness of John to go above and beyond to ensure the smoothness of getting the loan for us to buy our new home. This is now three for three that John has provided impeccable and empathetic service for my husband and I. We can not be any less than impressed, and of course entirely grateful. We will be back
Shannon and Stuart, Wagga

 
"You are always reliable and dependable to get things done"

I am writing to let you know how greatly appreciative I am of your help in getting my home loan. As you know, the original loan was complicated to say the least, but you were very patient and hardworking through it all and eventually it all worked out well. Thanks also for your recent help with securing additional funds for my daughter's wedding and a few other things that I needed to do, You are always reliable and dependable to get things done. I look forward to your assistance in the future with any financial matters regarding my home loan.
Rhonda L. - Bangor

 


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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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