You will receive comprehensive information on your loan so that you may be able to compare different offers from various lenders.

To help you understand some of this information we explain the following terms:

1. Interest Rate - this is the basic interest rate that the lender will apply to your loan. It is calculated on your daily loan balance and is generally charged on the last day of each month.

2. Monthly Fees - some lenders charge a monthly account keeping fee or loan fee. Some do not.

3. Establishment Fees - most lenders charge an application fee or establishment fee to cover the cost of performing a valuation, and processing your loan application. Occasionally lenders waive this fee for a period of time to promote their product.

4. Comparative Rate - this adds in all fees and interest costs associated with the loan. By doing this you are able to compare loans that have fees against loans that don't have fees to see which is really the best option for you. Take note that this rate is affected by the loan size and by how long you maintain the loan. IE. If you sell your house and pay the loan out after 4 years then the comparative rate will be different to that calculated over 25 years.

We will qualify you for the most competitive loan within our panel of lenders. At that time Interest Rates, Comparative Interest Rates, and an estimate of Fees and Costs will be advised via email.