Kelsey’s guide to mortgages and home loans, for beginners

NOT TRYING TO SELL YOU ANYTHING, JUST FREE INFORMATION THAT YOU MAY FIND HELPFUL

Tracker Mortgages

A tracker tracks interest rates like a variable rate deal, but a point or two lower than the bank’s standard rate. So you will get a saving over a variable rate deal. The advantage is usually offset by tie-in periods, bigger deposits required and higher fees. Tracking periods usually only last for the first few years of the loan period.