CHECK OUT OUR FULL GLOSSARY BELOW
We have put together a list of commonly used home loan terms and what they mean. Check out our A-Z glossary of words and phrases used when purchasing a property. Hopefully we have made it more easy to understand!
If still unsure please contact us at Home Loans & More to let us know.
- AAPR
- Amortisation
- Application fees
- Appraised value
- Appreciation
- Arrears
- Assets
- Auction
- Balance Sheet
- Balloon Payment
- Basic variable
- Body corporate
- Borrower
- Breach of Contract
- Break costs
- Bridging Finance
- Building inspection
- Building society
- Capital gains
- Capital gains tax
- Cash Flow
- Caveat
- Certificate of Title
- Chattels
- Commercial Property
- Commission
- Comparison Rate
- Construction loan
- Contract of Sale
- Conveyance
- Conveyancing
- COSL
- Cover note
- Credit
- Credit Limit
- Credit Reference or Credit Report
- Credit union
- Creditor
- CRS
- Debt Service Ratio
- Debtor
- Deed
- Default
- Deferred Establishment fee
- Deposit
- Deposit bond
- Direct debit
- Disbursements
- Discharge Fee
- Discharge of Mortgage
- Disposable income
- Draw down
- Early Repayment Penalty
- Easement
- Encumbrance
- Equity
- Establishment fees
- Exit or early repayment fees
- Extra repayments
- Facility
- First Home Owners Grant
- Fittings
- Fixed rate
- Freehold
- Gearing
- Government Fees
- Gross Income
- Guarantee
- Guarantor
- Home equity
- Home loan
- Honeymoon Rate
- Instalment
- Interest
- Interest Only
- Interest Rate
- Introductory loan
- Investment property
- Joint tenants
- Land tax
- Lease
- Lender's Mortgage Insurance (LMI)
- Liabilities
- Line of Credit
- Loan
- Loan Agreement
- Low doc
- Lump Sum Payment
- LVR
- Maturity
- Maximum loan amount
- Minimum loan amount
- Minimum repayment required
- Mortgage
- Mortgage Broker
- Mortgage offset account
- Mortgage registration fee
- Mortgagee
- Mortgagor
- Net Income
- Net Profit
- Notice of termination
- Outgoings
- Owner Occupied
- Passed in
- PAYE
- Portability
- Principal
- Principal and interest loan
- Re-amortise
- Redraw facility
- Refinancing
- Regulated Loans
- Rent review
- Reserve price
- Residential Tenancies
- Residential Tenancy Database
- Searches
- Secured
- Security
- Serviceability
- Settlement
- Settlement Date
- Signatory
- Split loan
- Stamp Duty
- Standard Variable
- Strata title
- Tenants in common
- Term
- Title deed
- Title fees
- Transfer
- Uniform Consumer Credit Code (UCCC)
- Valuation
- Variable Interest Rate
- Variation
- Vendor
- Yield
- Zoning