Clearing the confusion behind tracker mortgages. We explain what you need to know in this quick video

What is a tracker mortgage?

30/8/2018

This is a Personal Finance Friday question from several of our Financial Planning clients.

A tracker mortgage (or tracker variable rate mortgage) is a mortgage where the interest rate is tied to a tracked rate, such as the E.C.B. rate plus a set amount.

If the E.C.B rate is 2%, and your set amount is +1%, you’ll pay 3% interest on your mortgage. Simple!

*This is an early video for us. Our video skills and equipment improve with time, please be forgiving. We offer financial planning and education, the media stuff is a work in progress.

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Financial Literacy
Financial Planning & Education When It Matters
Learn Money. Live Better

What is a tracker mortgage?

Financial literacy leads to reduced stress, better decision making and the ability to plan to meet your personal goals.

Articles here will be a mix of posts to help specific financial planning clients and address questions asked by readers or groups at the education talks and seminars.

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Financial LiteracyFinancial Planning & Education When It MattersLearn Money. Live Better

What is a tracker mortgage?

Financial literacy leads to reduced stress, better decision making and the ability to plan to meet your personal goals.Articles here will be a mix of posts to help specific financial planning clients and address questions asked by readers or groups at the education talks and seminars.

Archives

Categories

Financial Literacy
Financial Planning & Education When It Matters
Learn Money. Live Better

Financial literacy leads to reduced stress, better decision making and the ability to plan to meet your personal goals.

Articles here will be a mix of posts to help specific financial planning clients and address questions asked by readers or groups at the education talks and seminars.