In the mortgage process in Portugal there are three different rates with similar names but distinct meanings, which generates confusion among consumers. This confusion is responsible for a significant part of the bad comparisons between proposals from different banks.
All three rates appear in the same document, expressed in percentage, which contributes to the difficulty in distinguishing them. Only one of these rates is useful for comparing banks with each other.
The confusion between the rates is not accidental, according to Comparaja, suggesting that the similarity in names and the joint presentation may make it difficult for consumers to understand. Comparaja explains the differences between these rates to help consumers make better choices.
