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From monthly archives: March 2025

We are pleased to present below all posts archived in 'March 2025'. If you still can't find what you are looking for, try using the search box.

How is the interest on my home loan calculated?

There are many different types of loans and methods of calculating and repaying interest. Your home loan is quite possibly the longest loan commitment you will make, so it’s critical to understand how the interest is calculated over the life of the loan, and what each repayment is actually made up of.

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What is the real interest rate and what does it mean?

The prime rate has decreased three times by 25 basis points since September 2024, bringing the current prime rate down to 11%, which is good news for homebuyers. But why is it taking so long for the market to respond?

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