#### Mortgage jargon explained: Repayment frequency

What difference does changing your repayment frequency make in your loan?

Read moreThis calculator will help you to compare yields on term deposits with different interest rates, terms and frequencies at which interest is paid.

- The term deposit yield calculator allows the user to compare yields on term deposits with different interest rates, terms and frequencies at which interest is paid.
- A yield is the annual return on an investment expressed as a percentage.
- A yield will differ from an interest rate if interest is paid more frequently then annually, due to the compounding of interest.

Note: it is only possible to calculate a yield where the term (the length of the term deposit, divided by the frequency at which interest is paid) is a whole number. For example, it is possible to calculate a yield for a term deposit where interest is paid quarterly and the term is one year, but it is not possible to calculate a yield for a nine month term deposit with interest paid every six months.

What difference does changing your repayment frequency make in your loan?

Read moreRefinancing gives borrowers the opportunity to keep up with the changing lending conditions and access a more competitive home loan

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