Permanent TSB are offering a 4% 10 year fixed rate mortgage which we're quite interested in. The APR for this is 4.6%
EBS have a 10 year fixed with a rate of 5.5% and an APR of 5.3%?
Obviously in both instances the PTSB is a better rate, but how can it be that one APR is higher than the actual rate (PTSB) and one is lower than the actual rate (EBS)?
If anyone could explain this I would much appreciate it. Thanks
EBS have a 10 year fixed with a rate of 5.5% and an APR of 5.3%?
Obviously in both instances the PTSB is a better rate, but how can it be that one APR is higher than the actual rate (PTSB) and one is lower than the actual rate (EBS)?
If anyone could explain this I would much appreciate it. Thanks