D Digger Registered User Messages 135 2 Feb 2011 #1 Just coming off a 5yr term with NIB , and I'm wondering when I calculate the repayments for a new 2yr fixed do I use the rate 3.80% or APR 4.13% in calculating my monthly repayments?
Just coming off a 5yr term with NIB , and I'm wondering when I calculate the repayments for a new 2yr fixed do I use the rate 3.80% or APR 4.13% in calculating my monthly repayments?
N NorfBank Registered User Messages 2,097 2 Feb 2011 #2 Use the 3.8%. APR is misleading when it comes to comparing fixed rates. Ignore it. www.moneybackmortgages.ie
Use the 3.8%. APR is misleading when it comes to comparing fixed rates. Ignore it. www.moneybackmortgages.ie
M marksa Registered User Messages 361 2 Feb 2011 #3 APR here indicates 3.55% for the 2 year. [broken link removed] Owner Occupier ratesRateAPR*Home Loan Variable rate3.40%3.46% Fixed Rate Offers for Principal Private Residences Fixed rate mortgage 2 Year Fixed 3 Year Fixed 5 Year Fixed 10 Year Rate 3.80% 4.10% 4.60% 5.29% APR 3.55% 3.68% 4.05% 5.01% Fixed Rate Offers for Residential Investment Properties Fixed rate mortgage 2 Year Fixed3 Year Fixed 5 Year Fixed Rate 4.24% 4.50% 4.84% APR 4.25% 4.35% 4.58%
APR here indicates 3.55% for the 2 year. [broken link removed] Owner Occupier ratesRateAPR*Home Loan Variable rate3.40%3.46% Fixed Rate Offers for Principal Private Residences Fixed rate mortgage 2 Year Fixed 3 Year Fixed 5 Year Fixed 10 Year Rate 3.80% 4.10% 4.60% 5.29% APR 3.55% 3.68% 4.05% 5.01% Fixed Rate Offers for Residential Investment Properties Fixed rate mortgage 2 Year Fixed3 Year Fixed 5 Year Fixed Rate 4.24% 4.50% 4.84% APR 4.25% 4.35% 4.58%