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Article Directory » Tag Cloud » aer

Mortgage : What Do The Terms APR, AER And EAR Mean?

Mortgage lenders have a derogatory name for people who switch mortgage lenders to follow lower rates – they call them “Rate Tarts”. The author has a much more apt description – Shrewd Shoppers! After all, who spends more for exactly the same product, in this case money, when you can get it cheaper elsewhere? After all a Ј from one lender as effective as a Ј from another! The mortgage market is highly competitive and as long as lenders use price as the main weapon in their...