Glossary E-H

by | Feb 12, 2016 | Home Loan Posts

Glossary E-H   Early Termination Charges The costs a borrower pays when the loan is paid out early. Easement A right to use a corridor or passage of land that belongs to another. End Loan Also referred to as bridging finance. It is a short term loan that covers a...

Glossary C-D

by | Feb 12, 2016 | Home Loan Posts

Glossary C-D   Capital This is the value of assets such as a business, property, house etc. Capitalising Interest When interest payable is accrued and added to the total debt payable rather than being paid as it is charged. Capital Gain When an asset is sold for...

Glossary A-B

by | Feb 12, 2016 | Home Loan Posts

Glossary A-B   Accrued Interest This is interest on vacant land that is earned or incurred and yet to be paid or charged. Additional Repayments Extra or lump sum repayments made in addition to your regular periodic repayments. Some types of loan products do not...

First Home Owners Grant

by | Feb 12, 2016 | Home Loan Posts

First Home Owners Grant The Queensland First Home Owners’ Grant is a state government initiative to help first home owners to get their new first home sooner. http://www.firsthome.gov.au/ 2nd October 2018:   Depending on the date of your contract, you’ll get $15,000...