Hi,
I'm curious to know how tracker deals are calculated.
When I got my mortgage nearly 3 years ago, I was unaware of the ins and outs and just let my broker negotiate my deal.
However, after speaking with some friends and reading this forum, I realise that, at pretty much the same time, some people got tracker mortgages for +.75% ECB, while others got + 1% ECB and + 1.25% ECB etc. If I'd known this at the time, I would have pushed my broker to get a better rate for me.
A few years ago when banks were still giving tracker mortgages, why were there such discrepancies? Why did everybody not go, or at least attempt to go for, the lowest tracker deal?
I'm curious to know how tracker deals are calculated.
When I got my mortgage nearly 3 years ago, I was unaware of the ins and outs and just let my broker negotiate my deal.
However, after speaking with some friends and reading this forum, I realise that, at pretty much the same time, some people got tracker mortgages for +.75% ECB, while others got + 1% ECB and + 1.25% ECB etc. If I'd known this at the time, I would have pushed my broker to get a better rate for me.
A few years ago when banks were still giving tracker mortgages, why were there such discrepancies? Why did everybody not go, or at least attempt to go for, the lowest tracker deal?