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...

Servicing your Loan

by | Feb 11, 2016 | Home Loan Posts

Servicing your Loans   1. Make repayments more often If your loan repayments are monthly, you can make significant savings by making weekly or fortnightly repayments instead of monthly. This will result in you effectively making an extra month’s repayments each...