Simply Save podcast | Home loan rates have fallen, but borrowers may not get the benefit

Episode 3318,  Mar 31, 2021, 01:50 PM

Banks may advertise their low home loan rates, but they add a credit risk mark-up. This mark-up depends on your credit score. If your credit score is good, then the mark-up is small. But if you have a bad credit score, you have to pay a loan rate higher than the advertised rate