What is a portable loan?
What is special about a ‘portable loan’? A question from a reader “ I believe our loan is a portable loan so that means we can take it...
Redraw Facility...great for emergencies!
Redraw Facility: If you have made any lump sum or additional principal repayments to your loan account, you can access those extra...
Standard Variable Rate
Standard Variable Rate: An interest rate, which is applied to a loan. These may have features such as redraw facility, construction,...
Genuine Savings...time to save!
Genuine Savings: Genuine savings are a requirement where we are borrowing more than 90% of the value of the house and simply put it means...
Amortisation...what is it?
Amortisation: To pay off principle and interest under a loan over a period of time. Amortisation is the actual function of repaying your...
Everything you ever wanted to know about loans, explained in simple terms.
A AAPR: Also referred to as a Comparison rate, the Average Annualised Percentage Rate reflects the total cost of your loan by taking into...