‘Honeymoon’ rates
Mortgage Broking
Many loans have a ‘honeymoon’ period in the early months of a…
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‘Low doc’ loan
Mortgage Broking
A form of loan that does not require high levels of evidence…
Read Full ArticleAAPR (also known as comparison rate)
Mortgage Broking
AAPR stands for Average Annualised Percentage Rate. Introduced in 2003, the AAPR…
Read Full ArticleAFCA (Australian Financial Complaints Authority)
Lending
an unbiased body that deals with complaints in relation to the financial…
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Lending
Australia and New Zealand (Banking Group Limited) is considered to be one…
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Lending
The Australian Prudential Regulation Authority is an unbiased body that oversees banks,…
Read Full ArticleBasic or ‘no frills’ loans
Mortgage Broking
A basic loan is a form of ‘discount’ loan that has a…
Read Full ArticleBasic variable rate loans
Lending
as it carries cheaper rates, this loan is the no frills option…
Read Full ArticleBig4 banks
Lending
refers to the four largest banks currently operating in Australia which include:…
Read Full ArticleBreak costs (also known as an exit fee)
Mortgage Broking
The break cost is the fee if you pay off a fixed…
Read Full ArticleBridging finance
Mortgage Broking
Bridging finance is a short term loan designed to aid buyers in…
Read Full ArticleBudget
Lending
a simple yet useful and important tool or list that compares expenses…
Read Full ArticleCapital gains tax
Mortgage Broking
The amount made from the sale of assets is called capital gain…
Read Full ArticleCapped rate loan
Mortgage Broking
A capped rate loan means that the loan will never exceed a…
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