Home Loan Glossary

Click the links below for information on the specific term or definition.

Terms and Definitions

• Adjustable rate mortgage (ARM).
• Amortization
• Amortization schedule
• Annual percentage rate
• Appraisal
• Appreciation
• Delinquency
• Depreciation
• Deposit
• Downpayment
• Equity
• Homeowners insurance
• Interest
• Fixed rate mortgage
• Foreclosure
• Equity loan
• Mortgage
• Prepayment penalty
• Principal

Links and Resources

For a great Mortgage Calculator Australia go to Refund Home Loans
For a Home Loan in Australia and Australian Home Loan have a look at the Refund Home Loans site. They also have information about no Deposit Home Loans in Australia and information about the First Home Buyer Australia grant.