MyRate Education Centre
Educational Videos
MyRate have created some short informative videos to help you better understand the current mortgage market.
MyRate hits the streets
MyRate finds out your views on home loans, banks and the global credit crunch.
We asked:
- How have rising interest rates have affected you?
- What is the sub-prime mortgage crisis?
- If you could save money on your mortgage, what would you spend it on?
- Who's to blame?
- If you had a message for your bank, what would it be?
Why interest rates are increasing
It is commonly thought that lenders have simply been profiteering from interest rate rises. Kevin Sherman, Managing Director of MyRate explains the real reasons why lenders are changing their interest rate outside of RBA movements.
Where banks get their money from
Kevin Sherman, Managing Director of MyRate explains the two ways banks can raise funds to lend to borrowers.
Why rate rises affect existing customers & why rates rise by different amounts
Why the liquidity crisis means than interest rates rise even if you already have a loan and why different lenders increase rates by different amounts
|