At this time of year many of us come back from holiday intent on making some big changes in our lives – like buying a new house, or maybe even moving to a new town.
The price for a home loan and all the features it offers comes in the form of interest and fees.
Glossary: interest
Money paid in return for the use of money. If the bank is using your money (in a savings account) they pay you interest. If you are using the bank's money (via a loan), you pay the bank money.
