Additional Repayments or Extra Repayments

Application Fees

ATO Notice of Assessment

Average Annual Percentage Rate (AAPR)

Basic Variable

Break Costs

Certificate of Title

Combination loan

Comparison Rate

Construction Loan

Contract of Sale



Equity Loan/Line of Credit

Establishment Fee

Exchange of Contracts

Extra Repayments or Additional Repayments

Family Pledge

Fixed interest/Fixed Rate

Genuine Savings


Holding Deposit

Interest-Only Loan

Introductory Loan

Joint Tenants

Legal & Other charges

Lenders Mortgage Insurance (LMI)

Line of Credit

Loan Amount

Loan to Valuation Ratio (LVR)

Off the Plan

Offer to Purchase

Offset Account

Ongoing Fee

Other Government Charges

P&I Repayments


Principal & Interest

Private Sale

Private Treaty Sale

Redraw Facility


Rental Guarantee


Settlement Date

Stamp Duty on Transfer

Standard Variable

Strata Title

Tax Returns

Tenants In Common


Weighted Average Rate



Explanation of Terms

The mortgage and finance industry is full of jargon and unusual terminology. Some of it dates back to our inherited Old English legal system and some of it is invented by banks and economists to 'sound' intelligent.

Please use the search button (below) to look up the meaning of any terminology. If you are still unsure please call us and ask your question or email us here. It is important to us that you are fully informed.

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