Sunshine Mortgage

When applying for home loans from a mortgage broker Canberra, one of the major factors to consider is the interest rate charged. This is necessary because the interest rate usually determines the cost of the home loan. You need to carry out a thorough search to understand the interest rates charged by different mortgage brokers.

Several factors determine the amount of interest rate charged on your home loans. Understanding these factors helps you make a more informed decision as you make the application. Here are some of these factors that determine the interest rates paid on your home loans. Your credit score is one of the significant factors determining the interest rates you pay on your home loans.