AER Annual Equivalent Rate – the recommended way to compare savings products and current accounts. AER is how they calculate the interest paid to you. It shows how much interest you are earning on your cash if it was paid once a year and built up annually.
APR Annual Percentage Rate – yearly rate of interest [...]
Refinancing a first and second mortgage requires some extra considerations. Depending on your equity, you may find that combining the two mortgages results in a higher interest rate. You may also find that you have to carry PMI with the refinanced mortgage.
Will Refinancing Benefit You?
Refinancing two mortgages allows you to consolidate your loans into [...]
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